3SUD.DE vs. FRCK.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and FRCK.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while FRCK.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.28%/yr vs 0.19%/yr for FRCK.DE. Their correlation of 0.90 suggests significant overlap in exposure. 3SUD.DE charges 0.50%/yr vs 0.28%/yr for FRCK.DE.
Performance
3SUD.DE vs. FRCK.DE - Performance Comparison
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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 FRCK.DE's 1.67% 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*
- —
FRCK.DE
- 1D
- 0.27%
- 1M
- 1.11%
- YTD
- 1.67%
- 6M
- 2.34%
- 1Y
- 10.92%
- 3Y*
- 9.35%
- 5Y*
- 0.19%
- 10Y*
- 1.49%
3SUD.DE vs. FRCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 1.67% | 12.81% | 5.36% | 9.70% | -22.07% | -3.88% | 2.79% | 4.75% |
Correlation
The correlation between 3SUD.DE and FRCK.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.90 |
The correlation between 3SUD.DE and FRCK.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
3SUD.DE vs. FRCK.DE — Risk / Return Rank
3SUD.DE
FRCK.DE
3SUD.DE vs. FRCK.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.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.DE | FRCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.42 | -0.49 |
| Martin ratioReturn relative to average drawdown | 7.66 | 10.09 | -2.43 |
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
| 3SUD.DE | FRCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.03 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.02 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.17 | -0.09 |
Drawdowns
3SUD.DE vs. FRCK.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.78%, smaller than the maximum FRCK.DE drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and FRCK.DE.
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Drawdown Indicators
| 3SUD.DE | FRCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -32.71% | +1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -4.49% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -7.78% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -32.71% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.71% | — |
Current DrawdownCurrent decline from peak | -3.78% | -0.97% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -8.76% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.08% | +0.09% |
Volatility
3SUD.DE vs. FRCK.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a higher volatility of 1.89% compared to UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) at 1.80%. This indicates that 3SUD.DE's price experiences larger fluctuations and is considered to be riskier than FRCK.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.DE | FRCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.80% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 4.38% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 5.38% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 9.01% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 9.29% | +1.15% |
3SUD.DE vs. FRCK.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than FRCK.DE's 0.28% expense ratio.
Dividends
3SUD.DE vs. FRCK.DE - Dividend Comparison
Neither 3SUD.DE nor FRCK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, 3SUD.DE and FRCK.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.
On fees, FRCK.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRCK.DE is cheaper with a 0.28% expense ratio, compared with 0.50% for 3SUD.DE.
3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while FRCK.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for 3SUD.DE and 0.28% for FRCK.DE.
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