EM1C.DE vs. IS02.DE
EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, EM1C.DE returned 2.23%/yr vs 2.88%/yr for IS02.DE. A 0.57 correlation means they provide meaningful diversification when combined. EM1C.DE charges 0.30%/yr vs 0.45%/yr for IS02.DE.
Performance
EM1C.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EM1C.DE achieves a 2.30% return, which is significantly lower than IS02.DE's 2.97% return.
EM1C.DE
- 1D
- -0.08%
- 1M
- 1.38%
- YTD
- 2.30%
- 6M
- 2.32%
- 1Y
- 7.02%
- 3Y*
- 4.00%
- 5Y*
- 2.23%
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
EM1C.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 2.30% | 4.53% | 3.69% | 6.44% | -4.38% | -2.30% | 4.43% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between EM1C.DE and IS02.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.57 |
The correlation between EM1C.DE and IS02.DE has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
EM1C.DE vs. IS02.DE — Risk / Return Rank
EM1C.DE
IS02.DE
EM1C.DE vs. IS02.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 USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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.
| EM1C.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.11 | -1.07 |
| Martin ratioReturn relative to average drawdown | 6.75 | 8.98 | -2.23 |
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
| EM1C.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.57 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.33 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.27 | -0.19 |
Drawdowns
EM1C.DE vs. IS02.DE - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -18.83%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for EM1C.DE and IS02.DE.
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Drawdown Indicators
| EM1C.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -16.21% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.00% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -12.85% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -8.53% | -16.21% | +7.68% |
Current DrawdownCurrent decline from peak | -0.85% | 0.00% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -5.92% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.04% | 0.00% |
Volatility
EM1C.DE vs. IS02.DE - Volatility Comparison
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a higher volatility of 1.55% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that EM1C.DE's price experiences larger fluctuations and is considered to be riskier than IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.19% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.97% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 5.94% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 8.53% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 8.34% | -0.28% |
EM1C.DE vs. IS02.DE - Expense Ratio Comparison
EM1C.DE has a 0.30% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
EM1C.DE vs. IS02.DE - Dividend Comparison
Neither EM1C.DE nor IS02.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EM1C.DE and IS02.DE have a correlation of 0.60, 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 IS02.DE.
EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.30% for EM1C.DE and 0.45% for IS02.DE.
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