EM1C.DE vs. 36B1.DE
EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, EM1C.DE returned 2.41%/yr vs 1.88%/yr for 36B1.DE. A 0.53 correlation means they provide meaningful diversification when combined. EM1C.DE charges 0.30%/yr vs 0.45%/yr for 36B1.DE.
Performance
EM1C.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EM1C.DE achieves a 4.27% return, which is significantly lower than 36B1.DE's 4.50% return.
EM1C.DE
- 1D
- -0.44%
- 1M
- 0.23%
- 6M
- 2.39%
- YTD
- 4.27%
- 1Y
- 8.95%
- 3Y*
- 4.77%
- 5Y*
- 2.41%
- 10Y*
- —
36B1.DE
- 1D
- 0.26%
- 1M
- 0.79%
- 6M
- 3.14%
- YTD
- 4.50%
- 1Y
- 10.75%
- 3Y*
- 7.32%
- 5Y*
- 1.88%
- 10Y*
- —
EM1C.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.27% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 12.06% | 5.06% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.50% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -3.83% | 1.34% | -1.20% |
Correlation
The correlation between EM1C.DE and 36B1.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.53 |
The correlation between EM1C.DE and 36B1.DE has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
EM1C.DE vs. 36B1.DE — Risk / Return Rank
EM1C.DE
36B1.DE
EM1C.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.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.
| EM1C.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 3.73 | -1.13 |
| Martin ratioReturn relative to average drawdown | 8.74 | 10.56 | -1.82 |
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Drawdowns
EM1C.DE vs. 36B1.DE - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -23.47%, which is greater than 36B1.DE's maximum drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for EM1C.DE and 36B1.DE.
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Drawdown Indicators
| EM1C.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -22.35% | -1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -2.87% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -12.32% | +5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -8.70% | -16.23% | +7.53% |
Current DrawdownCurrent decline from peak | -3.15% | -1.28% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -13.82% | -8.65% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.02% | 0.00% |
Volatility
EM1C.DE vs. 36B1.DE - Volatility Comparison
The current volatility for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) is 1.12%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.29%. This indicates that EM1C.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EM1C.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.29% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.07% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.09% | 6.02% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 8.51% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 10.17% | -0.07% |
EM1C.DE vs. 36B1.DE - Expense Ratio Comparison
EM1C.DE has a 0.30% expense ratio, which is lower than 36B1.DE's 0.45% expense ratio.
Dividends
EM1C.DE vs. 36B1.DE - Dividend Comparison
EM1C.DE has not paid dividends to shareholders, while 36B1.DE's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.66% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 2.35% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EM1C.DE and 36B1.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for 36B1.DE.
EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core, while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.30% for EM1C.DE and 0.45% for 36B1.DE.
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