36B1.DE vs. FESD.DE
36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified while FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, 36B1.DE returned 2.20%/yr vs 1.89%/yr for FESD.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
36B1.DE vs. FESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B1.DE achieves a 2.43% return, which is significantly lower than FESD.DE's 3.41% return.
36B1.DE
- 1D
- 0.13%
- 1M
- 1.52%
- YTD
- 2.43%
- 6M
- 2.12%
- 1Y
- 7.79%
- 3Y*
- 5.51%
- 5Y*
- 2.20%
- 10Y*
- —
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
36B1.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 2.43% | -0.10% | 10.86% | 5.55% | -13.71% | 7.60% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
Correlation
The correlation between 36B1.DE and FESD.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.78 |
The correlation between 36B1.DE and FESD.DE has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
36B1.DE vs. FESD.DE — Risk / Return Rank
36B1.DE
FESD.DE
36B1.DE vs. FESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) and Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 36B1.DE | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.46 | +0.17 |
| Martin ratioReturn relative to average drawdown | 6.72 | 6.56 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36B1.DE | FESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.40 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.22 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.19 | +0.04 |
Drawdowns
36B1.DE vs. FESD.DE - Drawdown Comparison
The maximum 36B1.DE drawdown since its inception was -22.46%, which is greater than FESD.DE's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for 36B1.DE and FESD.DE.
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Drawdown Indicators
| 36B1.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.46% | -16.01% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -3.71% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -12.34% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -16.01% | -0.33% |
Current DrawdownCurrent decline from peak | -1.33% | -0.59% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -7.16% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.39% | -0.23% |
Volatility
36B1.DE vs. FESD.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) is 1.21%, while Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a volatility of 2.28%. This indicates that 36B1.DE experiences smaller price fluctuations and is considered to be less risky than FESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B1.DE | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 2.28% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 4.57% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 6.51% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.41% | 8.80% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 8.70% | +0.85% |
36B1.DE vs. FESD.DE - Expense Ratio Comparison
Both 36B1.DE and FESD.DE have an expense ratio of 0.45%.
Dividends
36B1.DE vs. FESD.DE - Dividend Comparison
36B1.DE's dividend yield for the trailing twelve months is around 4.93%, less than FESD.DE's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.93% | 5.22% | 4.96% | 5.09% | 5.00% | 4.57% | 3.40% | 4.19% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% | 0.00% | 0.00% |
Frequently Asked Questions
36B1.DE and FESD.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
36B1.DE and FESD.DE have the same expense ratio: 0.45% per year.
36B1.DE tracks JP Morgan ESG EMBI Global Diversified, while FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: iShares and Fidelity.
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