3SUD.DE vs. SPY
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - 3SUD.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged), while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.28%/yr vs 14.97%/yr for SPY. At a 0.23 correlation, their price movements are largely independent. 3SUD.DE charges 0.50%/yr vs 0.09%/yr for SPY.
Performance
3SUD.DE vs. SPY - Performance Comparison
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Different Trading Currencies
3SUD.DE is traded in EUR, while SPY is traded in USD. To make them comparable, the SPY values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3SUD.DE achieves a 0.90% return, which is significantly lower than SPY's 12.60% 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*
- —
SPY
- 1D
- 0.24%
- 1M
- 5.30%
- YTD
- 12.60%
- 6M
- 11.55%
- 1Y
- 26.34%
- 3Y*
- 19.32%
- 5Y*
- 14.97%
- 10Y*
- 15.22%
3SUD.DE vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | 12.60% | 3.75% | 33.13% | 22.39% | -13.10% | 38.36% | 8.58% | 10.84% |
Correlation
The correlation between 3SUD.DE and SPY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.23 |
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Return for Risk
3SUD.DE vs. SPY — Risk / Return Rank
3SUD.DE
SPY
3SUD.DE vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.59 | -1.65 |
| Martin ratioReturn relative to average drawdown | 7.66 | 13.59 | -5.93 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.16 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.89 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.62 | -0.54 |
Drawdowns
3SUD.DE vs. SPY - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.78%, smaller than the maximum SPY drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and SPY.
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Drawdown Indicators
| 3SUD.DE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -49.85% | +19.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -7.38% | +2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -23.87% | +16.05% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -23.87% | -6.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.22% | — |
Current DrawdownCurrent decline from peak | -3.78% | -0.19% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -7.85% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.94% | -0.77% |
Volatility
3SUD.DE vs. SPY - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) is 1.89%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 2.17%. This indicates that 3SUD.DE experiences smaller price fluctuations and is considered to be less risky than SPY 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 | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 2.17% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 8.55% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 12.23% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 16.96% | -8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 18.46% | -8.02% |
3SUD.DE vs. SPY - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Dividends
3SUD.DE vs. SPY - Dividend Comparison
3SUD.DE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 0.98% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
3SUD.DE and SPY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY is cheaper with a 0.09% expense ratio, compared with 0.50% for 3SUD.DE.
3SUD.DE is categorized as Emerging Markets Bonds, while SPY is S&P 500. 3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while SPY tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for 3SUD.DE and 0.09% for SPY.
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