EMA5.DE vs. IS3C.DE
EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both Emerging Markets Bonds funds - EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity while IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, EMA5.DE returned 3.38%/yr vs -3.40%/yr for IS3C.DE. At a 0.02 correlation, their price movements are largely independent. EMA5.DE charges 0.25%/yr vs 0.50%/yr for IS3C.DE.
Performance
EMA5.DE vs. IS3C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMA5.DE achieves a 2.33% return, which is significantly higher than IS3C.DE's -1.63% return.
EMA5.DE
- 1D
- -0.04%
- 1M
- 1.09%
- YTD
- 2.33%
- 6M
- 2.03%
- 1Y
- 4.26%
- 3Y*
- 5.12%
- 5Y*
- 3.38%
- 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%
EMA5.DE vs. IS3C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | -5.07% | 7.86% | -1.26% |
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% | 1.42% |
Correlation
The correlation between EMA5.DE and IS3C.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.02 |
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Return for Risk
EMA5.DE vs. IS3C.DE — Risk / Return Rank
EMA5.DE
IS3C.DE
EMA5.DE vs. IS3C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.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.
| EMA5.DE | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.08 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.48 | +0.90 |
| Martin ratioReturn relative to average drawdown | 3.47 | 1.52 | +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. | |||
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Sharpe Ratios by Period
| EMA5.DE | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.44 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | -0.38 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.00 | +0.46 |
Drawdowns
EMA5.DE vs. IS3C.DE - Drawdown Comparison
The maximum EMA5.DE drawdown since its inception was -10.01%, smaller than the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for EMA5.DE and IS3C.DE.
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Drawdown Indicators
| EMA5.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -30.78% | +20.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -5.62% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -10.01% | -8.94% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -30.47% | +20.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.78% | — |
Current DrawdownCurrent decline from peak | -3.17% | -17.90% | +14.73% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -9.16% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.79% | -0.57% |
Volatility
EMA5.DE vs. IS3C.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a higher volatility of 2.25% compared to iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) at 2.10%. This indicates that EMA5.DE's price experiences larger fluctuations and is considered to be riskier 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
| EMA5.DE | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 2.10% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 5.14% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 6.18% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 8.94% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 9.30% | -2.36% |
EMA5.DE vs. IS3C.DE - Expense Ratio Comparison
EMA5.DE has a 0.25% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
EMA5.DE vs. IS3C.DE - Dividend Comparison
EMA5.DE's dividend yield for the trailing twelve months is around 4.59%, while IS3C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 4.59% | 5.61% | 5.39% | 4.22% | 2.89% | 1.01% | 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
EMA5.DE and IS3C.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IS3C.DE.
EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity, while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.25% for EMA5.DE and 0.50% for IS3C.DE.
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