36B1.DE vs. IS02.DE
36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds from iShares - 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, 36B1.DE returned 2.20%/yr vs 2.88%/yr for IS02.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.45% expense ratio.
Performance
36B1.DE vs. IS02.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 IS02.DE's 2.97% return.
36B1.DE
- 1D
- 0.13%
- 1M
- 1.40%
- YTD
- 2.43%
- 6M
- 1.88%
- 1Y
- 8.21%
- 3Y*
- 5.51%
- 5Y*
- 2.20%
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.39%
- YTD
- 2.97%
- 6M
- 2.43%
- 1Y
- 9.76%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
36B1.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 2.43% | -0.10% | 10.86% | 5.55% | -13.71% | 6.46% | -1.07% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between 36B1.DE and IS02.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.96 |
The correlation between 36B1.DE and IS02.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
36B1.DE vs. IS02.DE — Risk / Return Rank
36B1.DE
IS02.DE
36B1.DE vs. IS02.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 3.11 | -0.48 |
| Martin ratioReturn relative to average drawdown | 6.72 | 8.98 | -2.26 |
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 | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.57 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.33 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.27 | -0.05 |
Drawdowns
36B1.DE vs. IS02.DE - Drawdown Comparison
The maximum 36B1.DE drawdown since its inception was -22.46%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for 36B1.DE and IS02.DE.
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Drawdown Indicators
| 36B1.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.46% | -16.21% | -6.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -3.00% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -12.85% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -16.21% | -0.13% |
Current DrawdownCurrent decline from peak | -1.33% | 0.00% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -5.92% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.04% | +0.12% |
Volatility
36B1.DE vs. IS02.DE - Volatility Comparison
iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) have volatilities of 1.21% and 1.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B1.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.19% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.97% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 5.94% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.41% | 8.53% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 8.34% | +1.21% |
36B1.DE vs. IS02.DE - Expense Ratio Comparison
Both 36B1.DE and IS02.DE have an expense ratio of 0.45%.
Dividends
36B1.DE vs. IS02.DE - Dividend Comparison
36B1.DE's dividend yield for the trailing twelve months is around 4.93%, while IS02.DE has not paid dividends to shareholders.
| 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% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, 36B1.DE and IS02.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IS02.DE have the same expense ratio: 0.45% per year.
36B1.DE tracks JP Morgan ESG EMBI Global Diversified, while IS02.DE tracks JP Morgan EMBI Global Core.
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