- ISIN
- IE00BKT1CS59
- Issuer
- iShares
- Inception Date
- Sep 22, 2023
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged)
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
SNAZ.DE Performance Chart
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is up 1.0% since the beginning of the year. SNAZ.DE is currently trading at €5 per share. Investors who bought €1,000 worth of SNAZ.DE shares 5 years ago would now be looking at an investment worth €996.
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Returns By Period
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) has returned 0.98% so far this year and 4.05% over the past 12 months.
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.41%
- 1M
- 0.50%
- 6M
- 11.86%
- YTD
- 12.32%
- 1Y
- 22.55%
- 3Y*
- 17.04%
- 5Y*
- 12.28%
- 10Y*
- 13.24%
SNAZ.DE Monthly Returns History
Based on dividend-adjusted daily data since Mar 9, 2020, SNAZ.DE's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +5.4%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SNAZ.DE closed higher 34% of trading days. The best single day was Mar 20, 2020 with a return of +5.7%, while the worst single day was Mar 19, 2020 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 0.98% | -2.52% | 1.39% | 0.20% | 0.39% | 0.19% | 0.98% | |||||
| 2025 | 0.84% | 1.45% | -0.20% | -0.61% | 0.41% | 1.23% | 0.61% | 1.21% | 0.60% | 0.40% | 0.20% | 0.00% | 6.26% |
| 2024 | 0.22% | 0.22% | 0.87% | -1.29% | 1.31% | 0.86% | 1.28% | 1.68% | 1.04% | -1.43% | 0.42% | -0.83% | 4.36% |
| 2023 | 2.75% | -2.23% | 0.68% | 0.68% | -1.13% | 0.68% | 0.68% | -1.12% | -0.91% | -1.61% | 3.96% | 2.91% | 5.28% |
| 2022 | -1.77% | -5.01% | -1.27% | -2.99% | -0.66% | -3.99% | 1.62% | -0.23% | -4.56% | -2.39% | 5.38% | 1.16% | -14.17% |
| 2021 | -0.39% | -0.58% | -0.59% | 0.20% | 0.79% | 0.58% | -0.00% | 0.58% | -0.96% | -0.78% | -0.78% | 0.40% | -1.55% |
Benchmark Metrics
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) has an annualized alpha of 0.10%, beta of 0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since March 09, 2020.
- This ETF participated in 40.46% of S&P 500 Index downside but only 16.86% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.10%
- Beta
- 0.06
- R²
- 0.02
- Upside Capture
- 16.86%
- Downside Capture
- 40.46%
Expense Ratio
SNAZ.DE has an expense ratio of 0.53%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SNAZ.DE ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SNAZ.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 3.19 | -1.80 |
| Martin ratioReturn relative to average drawdown | 5.14 | 11.78 | -6.64 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) was 21.88%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) drawdown is 1.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -21.88%Oct 2022 | 1y 1mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -21.06%Mar 2020 | 9d | 4mo 3d | 4mo 12dMar 2020 - Jul 2020 |
2021 pullback2021 | -2.32%Mar 2021 | 26d | 5mo 9d | 6mo 5dFeb 2021 - Aug 2021 |
2020 pullback2020 | -1.79%Sep 2020 | 21d | 1mo 18d | 2mo 9dSep 2020 - Nov 2020 |
2021 pullback2021 | -0.97%Jan 2021 | 7d | 24d | 1mo 1dJan 2021 - Feb 2021 |
Drawdown Indicators
| SNAZ.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -51.62% | +29.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -7.57% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -23.99% | +20.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -23.99% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.41% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -9.08% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.04% | -1.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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