JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) Performance
JPMB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.7% since Dec 31, 2025
- 1 year
- +0.2% total return
- 5 years
- +1.1% a year
- Since first price
- +2.3% a year since 2018
JPMB trailing returns vs AGG, TLT, SPY
| Period | JPMB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −1.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.4% | −2.8% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.6% | −4.4% | −1.5% | −3.8% | +7.8% |
| YTD | −0.7% | −4.9% | −1.0% | −3.4% | +12.3% |
| 1 year | +0.2% | −5.4% | −1.1% | −6.9% | +14.4% |
| 3 years | +28.0%+8.6%/yr | +5.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +5.8%+1.1%/yr | −21.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionJan 31, 2018 | +21.6%+2.3%/yr | −23.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JPMB vs AGG
From Jan 31, 2018: JPMB grew to $12,164, AGG to $11,457.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JPMB returns by calendar year
5 of 7 full years positive. Best 2019 (+17.7%), worst 2022 (−16.1%). 2026 is year to date.
JPMB annual returns table
| Year | JPMB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.7% | −4.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +13.7% | −4.8% | +7.2% | +4.3% | +17.7% |
| 2024 | +1.5% | −5.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +9.5% | −7.6% | +5.7% | +2.8% | +26.2% |
| 2022 | −16.1% | −23.7% | −13.0% | −31.2% | −18.2% |
| 2021 | −2.3% | −6.6% | −1.8% | −4.6% | +28.7% |
| 2020 | +5.4% | −26.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +17.7% | −1.6% | +8.5% | +14.1% | +31.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JPMB largest drawdowns
Now 3.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 21, 2020 | −26.3% | Mar 19, 2020 | Nov 24, 2020 | 27 days | 9 months |
| Sep 2, 2021 | −26.2% | Oct 20, 2022 | Sep 5, 2025 | 1.1 years | 4.0 years |
| Jan 31, 2018 | −7.4% | Nov 27, 2018 | Feb 25, 2019 | 10 months | 1.1 years |
| Jan 4, 2021 | −6.6% | Mar 8, 2021 | Sep 2, 2021 | 2 months | 8 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
JPMB risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +7.3% | +0.8% | +2.1% |
| Volatility (annualized) | 7.4% | 9.8% | 10.2% |
| Sharpe ratio | 0.40 | -0.24 | 0.01 |
| Sortino ratio | 0.60 | -0.32 | 0.01 |
| Best month | +5.8% | +8.7% | +8.7% |
| Worst month | −3.5% | −6.0% | −15.1% |
| Best 12 months | +16.0% | +16.0% | +17.7% |
| Worst 12 months | −0.2% | −22.4% | −22.4% |
| Positive months | 67% | 58% | 60% |
| Beta vs S&P 500 | 0.41 | 0.49 | — |
| Correlation with S&P 500 | 0.69 | 0.78 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JPMB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 94 | −22.4% | +5.5% | +17.7% | 73% |
| 3-year (a year) | 70 | −6.6% | +1.5% | +10.7% | 54% |
| 5-year (a year) | 46 | −0.9% | +1.0% | +3.0% | 85% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
JPMB performance overview
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) returned +0.2% over the past year and +1.1% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +2.3% a year, turning $10,000 into about $12,164. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −26.3%, from Feb 21, 2020 to Mar 19, 2020, and it took 8 months to get back to the old high. JPMB finished 5 of its 7 full calendar years with a gain; the best year was 2019 (+17.7%) and the worst 2022 (−16.1%). Volatility has been 10.2% a year.
Related: JPMB chart, JPMB dividends, JPMB bond profile. See the JPMB overview for the latest quote and fund facts.
JPMB performance FAQ
What is the JPMB return over the past year?
JPMB returned +0.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.4%.
What is the average annual return of JPMB?
JPMB has returned +1.1% a year over 5 years, +2.3% a year since January 31, 2018 (total return, distributions reinvested).
How much would $10,000 invested in JPMB be worth?
$10,000 invested in JPMB at its first recorded close on January 31, 2018 would be worth about $12,164 on October 23, 2026 with distributions reinvested.
What was the worst year for JPMB?
The worst calendar year was 2022, with a total return of −16.1%. The best was 2019 at +17.7%.
What is the biggest drawdown of JPMB?
The largest peak-to-trough decline was −26.3% between February 21, 2020 and March 19, 2020. It recovered to the old high on November 24, 2020, 8 months after the bottom.
How volatile is JPMB?
Over the past 3 years JPMB had an annualized volatility of 7.4% and a Sharpe ratio of 0.40 (excess return over 1–3 month T-bills per unit of risk).