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3SUD.DE vs. EM1C.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

3SUD.DE vs. EM1C.DE

Last updated Jun 5, 2026

3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.28%/yr vs 2.23%/yr for EM1C.DE. At a 0.33 correlation, their price movements are largely independent. 3SUD.DE charges 0.50%/yr vs 0.30%/yr for EM1C.DE.

Performance

3SUD.DE vs. EM1C.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, 3SUD.DE achieves a 0.90% return, which is significantly lower than EM1C.DE's 2.30% return.

3SUD.DE

1D
0.21%
1M
0.89%
YTD
0.90%
6M
1.29%
1Y
8.95%
3Y*
7.55%
5Y*
-0.28%
10Y*
—

EM1C.DE

1D
-0.08%
1M
1.38%
YTD
2.30%
6M
2.32%
1Y
7.02%
3Y*
4.00%
5Y*
2.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

3SUD.DE vs. EM1C.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
3SUD.DE
iShares J.P. Morgan USD EM Bond UCITS ETF Acc		0.90%11.55%3.78%7.69%-20.75%-3.48%3.15%6.67%
EM1C.DE
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		2.30%4.53%3.69%6.44%-4.38%-2.30%-6.16%6.04%

Correlation

The correlation between 3SUD.DE and EM1C.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2019

0.33

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iShares J.P. Morgan USD EM Bond UCITS ETF Acc

VanEck J.P. Morgan EM Local Currency Bond UCITS ETF

Often compared with 3SUD.DE:
3SUD.DE vs. IS3C.DE3SUD.DE vs. VUAA.DE3SUD.DE vs. SPY3SUD.DE vs. GLD3SUD.DE vs. XUEE.DE3SUD.DE vs. ENDH.DE3SUD.DE vs. VGEM.DE
Often compared with EM1C.DE:
EM1C.DE vs. IS02.DEEM1C.DE vs. IUS7.DEEM1C.DE vs. VGEM.DEEM1C.DE vs. CEB0.DEEM1C.DE vs. ENDH.DEEM1C.DE vs. XUEM.DEEM1C.DE vs. IS3C.DE

Return for Risk

3SUD.DE vs. EM1C.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
3SUD.DE
3SUD.DE Risk / Return Rank: 4949
Overall Rank
3SUD.DE Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
3SUD.DE Sortino Ratio Rank: 5656
Sortino Ratio Rank
3SUD.DE Omega Ratio Rank: 5151
Omega Ratio Rank
3SUD.DE Calmar Ratio Rank: 4040
Calmar Ratio Rank
3SUD.DE Martin Ratio Rank: 4747
Martin Ratio Rank
EM1C.DE
EM1C.DE Risk / Return Rank: 4141
Overall Rank
EM1C.DE Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
EM1C.DE Sortino Ratio Rank: 4343
Sortino Ratio Rank
EM1C.DE Omega Ratio Rank: 4040
Omega Ratio Rank
EM1C.DE Calmar Ratio Rank: 4242
Calmar Ratio Rank
EM1C.DE Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3SUD.DE vs. EM1C.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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.

3SUD.DEEM1C.DEDifference
Sharpe ratioReturn per unit of total volatility
1.65
1.39

+0.26

Sortino ratioReturn per unit of downside risk
2.65
2.12

+0.53

Omega ratioGain probability vs. loss probability

1.31

1.26

+0.06

Calmar ratioReturn relative to maximum drawdown

1.93

2.04

-0.11

Martin ratioReturn relative to average drawdown

7.66

6.75

+0.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3SUD.DE vs. EM1C.DE - Sharpe Ratio Comparison

The current 3SUD.DE Sharpe Ratio is 1.65, which is comparable to the EM1C.DE Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of 3SUD.DE and EM1C.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

3SUD.DEEM1C.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.65

1.39

+0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.03

0.31

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.09

-0.01

Drawdowns

3SUD.DE vs. EM1C.DE - Drawdown Comparison

The maximum 3SUD.DE drawdown since its inception was -30.78%, which is greater than EM1C.DE's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and EM1C.DE.

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Drawdown Indicators

3SUD.DEEM1C.DEDifference

Max Drawdown

Largest peak-to-trough decline

-30.78%

-18.83%

-11.95%

Max Drawdown (1Y)

Largest decline over 1 year

-4.61%

-3.42%

-1.19%

Max Drawdown (3Y)

Largest decline over 3 years

-7.82%

-7.20%

-0.62%

Max Drawdown (5Y)

Largest decline over 5 years

-30.57%

-8.53%

-22.04%

Current Drawdown

Current decline from peak

-3.78%

-0.85%

-2.93%

Average Drawdown

Average peak-to-trough decline

-11.11%

-8.00%

-3.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.17%

1.04%

+0.13%

Volatility

3SUD.DE vs. EM1C.DE - Volatility Comparison

iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a higher volatility of 1.89% compared to VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) at 1.55%. This indicates that 3SUD.DE's price experiences larger fluctuations and is considered to be riskier than EM1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

3SUD.DEEM1C.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.89%

1.55%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

4.36%

4.15%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

5.41%

5.03%

+0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.70%

7.03%

+1.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.44%

8.06%

+2.38%

3SUD.DE vs. EM1C.DE - Expense Ratio Comparison

3SUD.DE has a 0.50% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.

Dividends

3SUD.DE vs. EM1C.DE - Dividend Comparison

Neither 3SUD.DE nor EM1C.DE has paid dividends to shareholders.

PositionTTM2025202420232022
3SUD.DE
iShares J.P. Morgan USD EM Bond UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%
EM1C.DE
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		0.00%0.00%0.00%0.00%0.19%

Frequently Asked Questions

3SUD.DE and EM1C.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for 3SUD.DE.

3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for 3SUD.DE and 0.30% for EM1C.DE.

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