3SUD.DE vs. VGEM.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while VGEM.DE tracks the Bloomberg EM USD Sovereign + Quasi-Sov. Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.28%/yr vs 2.73%/yr for VGEM.DE. At a 0.45 correlation, their price movements are largely independent. 3SUD.DE charges 0.50%/yr vs 0.25%/yr for VGEM.DE.
Performance
3SUD.DE vs. VGEM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3SUD.DE achieves a 0.90% return, which is significantly lower than VGEM.DE's 2.34% 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*
- —
VGEM.DE
- 1D
- 0.20%
- 1M
- 1.24%
- YTD
- 2.34%
- 6M
- 1.63%
- 1Y
- 6.72%
- 3Y*
- 5.24%
- 5Y*
- 2.73%
- 10Y*
- —
3SUD.DE vs. VGEM.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% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 2.34% | -1.55% | 12.06% | 5.25% | -10.22% | 5.82% | -3.91% | 6.59% |
Correlation
The correlation between 3SUD.DE and VGEM.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.45 |
The correlation between 3SUD.DE and VGEM.DE shifts across timeframes, from 0.29 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3SUD.DE vs. VGEM.DE — Risk / Return Rank
3SUD.DE
VGEM.DE
3SUD.DE vs. VGEM.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 Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.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 | VGEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.16 | -0.23 |
| Martin ratioReturn relative to average drawdown | 7.66 | 5.71 | +1.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3SUD.DE | VGEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.13 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.34 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.29 | -0.21 |
Drawdowns
3SUD.DE vs. VGEM.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.78%, which is greater than VGEM.DE's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and VGEM.DE.
Loading charts...
Drawdown Indicators
| 3SUD.DE | VGEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -19.64% | -11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -3.10% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -11.98% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -12.46% | -18.11% |
Current DrawdownCurrent decline from peak | -3.78% | -2.18% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -6.63% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.17% | 0.00% |
Volatility
3SUD.DE vs. VGEM.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a higher volatility of 1.89% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) at 1.18%. This indicates that 3SUD.DE's price experiences larger fluctuations and is considered to be riskier than VGEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3SUD.DE | VGEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.18% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 3.96% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 5.93% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 7.89% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 8.77% | +1.67% |
3SUD.DE vs. VGEM.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than VGEM.DE's 0.25% expense ratio.
Dividends
3SUD.DE vs. VGEM.DE - Dividend Comparison
3SUD.DE has not paid dividends to shareholders, while VGEM.DE's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.06% | 5.60% | 5.23% | 5.14% | 4.84% | 3.16% | 3.99% | 3.87% | 3.84% | 0.68% |
Frequently Asked Questions
3SUD.DE and VGEM.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEM.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 VGEM.DE tracks Bloomberg EM USD Sovereign + Quasi-Sov. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for 3SUD.DE and 0.25% for VGEM.DE.
Find the right allocation for 3SUD.DE and VGEM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer