3SUD.DE vs. UEFS.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.28%/yr vs 3.30%/yr for UEFS.DE. A 0.54 correlation means they provide meaningful diversification when combined. 3SUD.DE charges 0.50%/yr vs 0.25%/yr for UEFS.DE.
Performance
3SUD.DE vs. UEFS.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 UEFS.DE's 3.71% 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*
- —
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.91%
- YTD
- 3.71%
- 6M
- 3.67%
- 1Y
- 11.43%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
3SUD.DE vs. UEFS.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% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 6.29% |
Correlation
The correlation between 3SUD.DE and UEFS.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.54 |
The correlation between 3SUD.DE and UEFS.DE shifts across timeframes, from 0.34 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
3SUD.DE vs. UEFS.DE — Risk / Return Rank
3SUD.DE
UEFS.DE
3SUD.DE vs. UEFS.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 (USD) Dist (UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.96 | -2.03 |
| Martin ratioReturn relative to average drawdown | 7.66 | 12.59 | -4.93 |
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 | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.98 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.38 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.44 | -0.37 |
Drawdowns
3SUD.DE vs. UEFS.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.78%, which is greater than UEFS.DE's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and UEFS.DE.
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Drawdown Indicators
| 3SUD.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -24.26% | -6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -2.87% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -13.70% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -17.84% | -12.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.26% | — |
Current DrawdownCurrent decline from peak | -3.78% | -0.03% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -7.41% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.91% | +0.26% |
Volatility
3SUD.DE vs. UEFS.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 (USD) Dist (UEFS.DE) at 1.27%. This indicates that 3SUD.DE's price experiences larger fluctuations and is considered to be riskier than UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.27% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 3.77% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 5.76% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 8.69% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 9.37% | +1.07% |
3SUD.DE vs. UEFS.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
3SUD.DE vs. UEFS.DE - Dividend Comparison
3SUD.DE has not paid dividends to shareholders, while UEFS.DE's dividend yield for the trailing twelve months is around 6.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
Frequently Asked Questions
3SUD.DE and UEFS.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for 3SUD.DE.
3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for 3SUD.DE and 0.25% for UEFS.DE.
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