GBAB vs JPEM

Comparison between Guggenheim Taxbl Muni Bnd & Invtmnt Grd Debt Trst Com Shrs Of benf Int (GBAB, ETF) and JPMORGAN DIVERSIFIED RETURN EMERGING MARKETS EQUITY ETF (JPEM, ETF).

5-Year PerformanceJPEM has outperformed GBAB, delivering a return of +7.8% compared to -2.4%

GBAB vs JPEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBAB(ETF)	JPEM(ETF)
Net Assets	$390M	$389M
Expense Ratio	N/A	0.44%
Max Drawdown	47.18%	43.82%
Sharpe Ratio	-0.23	1.10
5Y Beta	0.25	0.53
5Y Dividends CAGR	1.61%	9.36%

Net Assets

Winner

GBAB

$390M

JPEM

$389M

Expense Ratio

GBAB

N/A

JPEM

0.44%

Max Drawdown

GBAB

47.18%

Winner

JPEM

43.82%

Sharpe Ratio

GBAB

-0.23

Winner

JPEM

1.10

5Y Beta

Winner

GBAB

0.25

JPEM

0.53

5Y Dividends CAGR

GBAB

1.61%

Winner

JPEM

9.36%

GBAB vs JPEM - Historical Returns

Returns include dividend reinvestment.

Period	GBAB	JPEM
1 month	+0.24%	+3.59%
3 months	+2.77%	+4.70%
6 months	-5.28%	+1.05%
1 year	+0.17%	+19.77%
5 years(CAGR)	-2.42%	+7.79%
10 years(CAGR)	+2.35%	+7.15%
Max(CAGR)	+5.44%	+5.93%

GBAB

+0.24%

Winner

JPEM

+3.59%

GBAB

+2.77%

Winner

JPEM

+4.70%

GBAB

-5.28%

Winner

JPEM

+1.05%

GBAB

+0.17%

Winner

JPEM

+19.77%

5Y(CAGR)

GBAB

-2.42%

Winner

JPEM

+7.79%

10Y(CAGR)

GBAB

+2.35%

Winner

JPEM

+7.15%

Max(CAGR)

GBAB

+5.44%

Winner

JPEM

+5.93%

GBAB vs JPEM - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	GBAB	JPEM
2026	-0.56%	+10.07%
2025	+7.76%	+23.12%
2024	+2.63%	+4.67%
2023	+9.33%	+10.68%
2022	-24.65%	-9.65%
2021	-0.49%	+7.76%
2020	+13.95%	-1.85%
2019	+15.05%	+15.56%
2018	+3.76%	-11.95%
2017	+13.63%	+27.87%
2016	+5.95%	+18.19%
2015	+3.50%	-17.70%
2014	+20.67%	N/A
2013	-7.41%	N/A
2012	+15.12%	N/A
2011	+26.50%	N/A
2010	-9.15%	N/A

GBAB vs JPEM Drawdown Comparison

The maximum drawdown for GBAB was -35.78%, occurring on Oct 14, 2022. This drawdown has not yet recovered.

The maximum drawdown for JPEM was -40.21%, occurring on Mar 23, 2020. Recovery took 818 trading sessions.

The current GBAB drawdown is -14.11%.

Rank	GBAB	JPEM
#1	-35.78% Sep 15, 2021 - Oct 14, 2022	-40.21% Jan 26, 2018 - Apr 28, 2021
#2	-29.93% Feb 25, 2020 - Aug 21, 2020	-34.10% Apr 28, 2015 - Jul 14, 2017
#3	-14.88% May 13, 2013 - May 29, 2014	-21.58% Feb 16, 2022 - Mar 7, 2024
#4	-14.48% May 13, 2016 - May 25, 2017	-14.31% Oct 7, 2024 - Jun 10, 2025
#5	-12.24% Nov 4, 2010 - May 31, 2011	-10.32% Feb 25, 2026 - Aug 21, 2026
#6	-11.67% Jan 29, 2015 - Nov 2, 2015	-8.08% Sep 13, 2021 - Feb 16, 2022
#7	-10.68% Feb 5, 2021 - Aug 4, 2021	-6.92% May 17, 2024 - Sep 24, 2024
#8	-8.94% Sep 4, 2018 - Dec 4, 2018	-6.45% Feb 13, 2015 - Apr 2, 2015
#9	-8.46% Feb 3, 2016 - Apr 8, 2016	-5.67% Jun 10, 2021 - Sep 7, 2021
#10	-7.73% Jan 8, 2018 - Aug 31, 2018	-4.06% Nov 22, 2017 - Dec 28, 2017
#11	-7.48% Oct 9, 2019 - Feb 21, 2020	-3.98% Jan 23, 2015 - Feb 13, 2015
#12	-7.30% Sep 26, 2012 - May 1, 2013	-3.40% Jan 28, 2026 - Feb 11, 2026
#13	-6.81% Aug 22, 2019 - Oct 9, 2019	-3.40% Apr 9, 2024 - May 2, 2024
#14	-6.41% Mar 12, 2012 - Apr 27, 2012	-3.19% May 7, 2021 - May 26, 2021
#15	-5.64% Nov 11, 2020 - Dec 29, 2020	-3.08% Sep 11, 2017 - Oct 11, 2017

Correlation

Correlation between GBAB and JPEM is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.64

-101

Dividend Comparison (2011 - 2026)

GBAB vs JPEM dividend yield comparison.

Year	GBAB	JPEM
2026	7.28%	1.58%
2025	10.11%	4.65%
2024	9.92%	5.12%
2023	9.32%	4.46%
2022	9.22%	4.71%
2021	6.36%	4.40%
2020	5.92%	2.85%
2019	6.37%	3.47%
2018	6.88%	2.79%
2017	6.64%	2.14%
2016	7.51%	1.28%
2015	7.78%	3.22%
2014	7.48%	0.00%
2013	8.32%	0.00%
2012	6.82%	0.00%
2011	6.69%	0.00%