3SUD.DE vs. ZPR6.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.28%/yr vs 0.23%/yr for ZPR6.DE. A 0.78 correlation means they provide meaningful diversification when combined. 3SUD.DE charges 0.50%/yr vs 0.47%/yr for ZPR6.DE.
Performance
3SUD.DE vs. ZPR6.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 higher than ZPR6.DE's 0.15% 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*
- —
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
3SUD.DE vs. ZPR6.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% | 3.55% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -9.09% | -1.17% | 0.69% | -0.12% |
Correlation
The correlation between 3SUD.DE and ZPR6.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.78 |
The correlation between 3SUD.DE and ZPR6.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
3SUD.DE vs. ZPR6.DE — Risk / Return Rank
3SUD.DE
ZPR6.DE
3SUD.DE vs. ZPR6.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 SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.74 | +0.20 |
| Martin ratioReturn relative to average drawdown | 7.66 | 7.22 | +0.44 |
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 | ZPR6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.26 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.05 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.07 | +0.01 |
Drawdowns
3SUD.DE vs. ZPR6.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.78%, which is greater than ZPR6.DE's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and ZPR6.DE.
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Drawdown Indicators
| 3SUD.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -13.50% | -17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -1.80% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -1.80% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -13.50% | -17.07% |
Current DrawdownCurrent decline from peak | -3.78% | -0.37% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -4.62% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.43% | +0.74% |
Volatility
3SUD.DE vs. ZPR6.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a higher volatility of 1.89% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 0.61%. This indicates that 3SUD.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 0.61% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 2.11% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 2.48% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 4.41% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 5.13% | +5.31% |
3SUD.DE vs. ZPR6.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than ZPR6.DE's 0.47% expense ratio.
Dividends
3SUD.DE vs. ZPR6.DE - Dividend Comparison
Neither 3SUD.DE nor ZPR6.DE has paid dividends to shareholders.
Frequently Asked Questions
3SUD.DE and ZPR6.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR6.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR6.DE is cheaper with a 0.47% expense ratio, compared with 0.50% for 3SUD.DE.
3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for 3SUD.DE and 0.47% for ZPR6.DE.
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