3SUD.DE vs. SNAZ.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds from iShares - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.52%/yr vs -0.27%/yr for SNAZ.DE. A 0.64 correlation means they provide meaningful diversification when combined. 3SUD.DE charges 0.50%/yr vs 0.53%/yr for SNAZ.DE.
Performance
3SUD.DE vs. SNAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUD.DE achieves a 0.76% return, which is significantly higher than SNAZ.DE's 0.20% return.
3SUD.DE
- 1D
- 0.00%
- 1M
- -0.75%
- 6M
- 0.76%
- YTD
- 0.76%
- 1Y
- 7.52%
- 3Y*
- 6.66%
- 5Y*
- -0.52%
- 10Y*
- —
SNAZ.DE
- 1D
- -0.39%
- 1M
- -0.78%
- 6M
- -0.20%
- YTD
- 0.20%
- 1Y
- 3.45%
- 3Y*
- 4.73%
- 5Y*
- -0.27%
- 10Y*
- —
3SUD.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.76% | 11.46% | 3.74% | 7.58% | -20.68% | -3.62% | 3.18% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.20% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
Correlation
The correlation between 3SUD.DE and SNAZ.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.64 |
The correlation between 3SUD.DE and SNAZ.DE shifts across timeframes, from 0.45 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
3SUD.DE vs. SNAZ.DE — Risk / Return Rank
3SUD.DE
SNAZ.DE
3SUD.DE vs. SNAZ.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 iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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.
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.
| 3SUD.DE | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.18 | +0.35 |
| Martin ratioReturn relative to average drawdown | 6.43 | 4.30 | +2.13 |
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Drawdowns
3SUD.DE vs. SNAZ.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.80%, which is greater than SNAZ.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and SNAZ.DE.
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Drawdown Indicators
| 3SUD.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.80% | -21.88% | -8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.88% | -2.91% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -3.82% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | -21.88% | -8.67% |
Current DrawdownCurrent decline from peak | -4.17% | -2.11% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -7.60% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.80% | +0.37% |
Volatility
3SUD.DE vs. SNAZ.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a higher volatility of 1.24% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 1.03%. This indicates that 3SUD.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.03% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 2.79% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 3.43% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.03% | 5.07% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 7.63% | +2.93% |
3SUD.DE vs. SNAZ.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
3SUD.DE vs. SNAZ.DE - Dividend Comparison
Neither 3SUD.DE nor SNAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
3SUD.DE and SNAZ.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3SUD.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3SUD.DE is cheaper with a 0.50% expense ratio, compared with 0.53% for SNAZ.DE.
3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Their fees differ too: 0.50% for 3SUD.DE and 0.53% for SNAZ.DE.
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