EM1C.DE vs. IS3C.DE
EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both Emerging Markets Bonds funds - EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core while IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, EM1C.DE returned 2.23%/yr vs -3.40%/yr for IS3C.DE. At a 0.36 correlation, their price movements are largely independent. EM1C.DE charges 0.30%/yr vs 0.50%/yr for IS3C.DE.
Performance
EM1C.DE vs. IS3C.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 higher than IS3C.DE's -1.63% 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*
- —
IS3C.DE
- 1D
- 0.23%
- 1M
- 0.40%
- YTD
- -1.63%
- 6M
- -1.60%
- 1Y
- 2.73%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
EM1C.DE vs. IS3C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 2.30% | 4.53% | 3.69% | 6.44% | -4.38% | -2.30% | -6.16% | 12.05% | -4.25% | -3.96% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 3.22% | 12.58% | -8.60% | 2.97% |
Correlation
The correlation between EM1C.DE and IS3C.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 2, 2017 | 0.36 |
The correlation between EM1C.DE and IS3C.DE shifts across timeframes, from 0.25 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EM1C.DE vs. IS3C.DE — Risk / Return Rank
EM1C.DE
IS3C.DE
EM1C.DE vs. IS3C.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 EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.48 | +1.56 |
| Martin ratioReturn relative to average drawdown | 6.75 | 1.52 | +5.23 |
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 | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.44 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | -0.38 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.00 | +0.08 |
Drawdowns
EM1C.DE vs. IS3C.DE - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -18.83%, smaller than the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for EM1C.DE and IS3C.DE.
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Drawdown Indicators
| EM1C.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -30.78% | +11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -5.62% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -8.94% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -8.53% | -30.47% | +21.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.78% | — |
Current DrawdownCurrent decline from peak | -0.85% | -17.90% | +17.05% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -9.16% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.79% | -0.75% |
Volatility
EM1C.DE vs. IS3C.DE - Volatility Comparison
The current volatility for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) is 1.55%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.10%. This indicates that EM1C.DE experiences smaller price fluctuations and is considered to be less risky than IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.10% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 5.14% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 6.18% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 8.94% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 9.30% | -1.24% |
EM1C.DE vs. IS3C.DE - Expense Ratio Comparison
EM1C.DE has a 0.30% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
EM1C.DE vs. IS3C.DE - Dividend Comparison
Neither EM1C.DE nor IS3C.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Frequently Asked Questions
EM1C.DE and IS3C.DE have a correlation of 0.25, 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 0.50% for IS3C.DE.
EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core, while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.30% for EM1C.DE and 0.50% for IS3C.DE.
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