EMIE.DE vs. ZPR6.DE

Last updated Jun 5, 2026

EMIE.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) 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 - EMIE.DE tracks the JP Morgan USD Emerging Markets IG ESG Diversified Bond (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, EMIE.DE returned -2.28%/yr vs 0.23%/yr for ZPR6.DE. A 0.67 correlation means they provide meaningful diversification when combined. EMIE.DE charges 0.43%/yr vs 0.47%/yr for ZPR6.DE.

Performance

EMIE.DE vs. ZPR6.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) and SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMIE.DE achieves a -0.43% return, which is significantly lower than ZPR6.DE's 0.15% return.

EMIE.DE

• 1D: 0.18%
• 1M: 0.27%
• YTD: -0.43%
• 6M: -0.44%
• 1Y: 3.98%
• 3Y*: 2.76%
• 5Y*: -2.28%
• 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*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMIE.DE vs. ZPR6.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc	-0.43%	7.05%	-0.36%	3.88%	-19.72%	-2.93%	6.95%	2.47%
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%	-0.95%

Correlation

The correlation between EMIE.DE and ZPR6.DE is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019	0.67

The correlation between EMIE.DE and ZPR6.DE has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

Return for Risk

EMIE.DE vs. ZPR6.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMIE.DE

EMIE.DE Risk / Return Rank: 28
EMIE.DE Sharpe Ratio Rank: 30
EMIE.DE Sortino Ratio Rank: 30
EMIE.DE Omega Ratio Rank: 28
EMIE.DE Calmar Ratio Rank: 24
EMIE.DE Martin Ratio Rank: 27

ZPR6.DE

ZPR6.DE Risk / Return Rank: 39
ZPR6.DE Sharpe Ratio Rank: 36
ZPR6.DE Sortino Ratio Rank: 38
ZPR6.DE Omega Ratio Rank: 39
ZPR6.DE Calmar Ratio Rank: 36
ZPR6.DE Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMIE.DE vs. ZPR6.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.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.

	EMIE.DE	ZPR6.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.26	-0.20
Sortino ratio: Return per unit of downside risk	1.60	1.96	-0.35
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.12	1.74	-0.62
Martin ratio: Return relative to average drawdown	3.63	7.22	-3.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMIE.DE vs. ZPR6.DE - Sharpe Ratio Comparison

The current EMIE.DE Sharpe Ratio is 1.07, which is comparable to the ZPR6.DE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of EMIE.DE and ZPR6.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMIE.DE	ZPR6.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.26	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	0.05	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.07	-0.18

Drawdowns

EMIE.DE vs. ZPR6.DE - Drawdown Comparison

The maximum EMIE.DE drawdown since its inception was -26.98%, 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 EMIE.DE and ZPR6.DE.

Drawdown Indicators

	EMIE.DE	ZPR6.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.98%	-13.50%	-13.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.53%	-1.80%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-6.97%	-1.80%	-5.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.83%	-13.50%	-12.33%
Current Drawdown Current decline from peak	-14.02%	-0.37%	-13.65%
Average Drawdown Average peak-to-trough decline	-12.69%	-4.62%	-8.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.43%	+0.66%

Volatility

EMIE.DE vs. ZPR6.DE - Volatility Comparison

UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) has a higher volatility of 1.28% 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 EMIE.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.

Volatility by Period

	EMIE.DE	ZPR6.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	0.61%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	2.11%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	2.48%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	4.41%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.95%	5.13%	+2.82%

EMIE.DE vs. ZPR6.DE - Expense Ratio Comparison

EMIE.DE has a 0.43% expense ratio, which is lower than ZPR6.DE's 0.47% expense ratio.

Dividends

EMIE.DE vs. ZPR6.DE - Dividend Comparison

Neither EMIE.DE nor ZPR6.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EMIE.DE and ZPR6.DE in my portfolio?

EMIE.DE and ZPR6.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMIE.DE or ZPR6.DE?

On fees, EMIE.DE is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMIE.DE or ZPR6.DE?

EMIE.DE is cheaper with a 0.43% expense ratio, compared with 0.47% for ZPR6.DE.

What is the main difference between EMIE.DE and ZPR6.DE?

EMIE.DE tracks JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged), while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). They also come from different issuers: UBS and State Street. Their fees differ too: 0.43% for EMIE.DE and 0.47% for ZPR6.DE.