EMIG.DE vs. IS3C.DE
EMIG.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both Emerging Markets Bonds funds - EMIG.DE tracks the JPM EMBI Global Diversified TR USD while IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, EMIG.DE returned 0.76%/yr vs -3.40%/yr for IS3C.DE. At a 0.30 correlation, their price movements are largely independent. EMIG.DE charges 0.45%/yr vs 0.50%/yr for IS3C.DE.
Performance
EMIG.DE vs. IS3C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMIG.DE achieves a 1.49% return, which is significantly higher than IS3C.DE's -1.63% return.
EMIG.DE
- 1D
- 0.05%
- 1M
- 0.97%
- YTD
- 1.49%
- 6M
- 0.73%
- 1Y
- 4.51%
- 3Y*
- 2.05%
- 5Y*
- 0.76%
- 10Y*
- —
IS3C.DE
- 1D
- 0.23%
- 1M
- -0.36%
- YTD
- -1.63%
- 6M
- -1.68%
- 1Y
- 2.88%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
EMIG.DE vs. IS3C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMIG.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 1.49% | -2.91% | 7.57% | 2.80% | -12.35% | 6.34% | -1.01% | 2.63% |
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% | 1.19% |
Correlation
The correlation between EMIG.DE and IS3C.DE is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.30 |
Over the past year, the correlation between EMIG.DE and IS3C.DE has dropped to 0.02 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
EMIG.DE vs. IS3C.DE — Risk / Return Rank
EMIG.DE
IS3C.DE
EMIG.DE vs. IS3C.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 (USD) A-acc (EMIG.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.
| EMIG.DE | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.48 | -0.22 |
| Martin ratioReturn relative to average drawdown | 0.38 | 1.52 | -1.14 |
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
| EMIG.DE | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.44 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.38 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.00 | +0.03 |
Drawdowns
EMIG.DE vs. IS3C.DE - Drawdown Comparison
The maximum EMIG.DE drawdown since its inception was -16.46%, smaller than the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for EMIG.DE and IS3C.DE.
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Drawdown Indicators
| EMIG.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -30.78% | +14.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -5.62% | -10.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.16% | -8.94% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.16% | -30.47% | +14.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.78% | — |
Current DrawdownCurrent decline from peak | -13.38% | -17.90% | +4.52% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -9.16% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.99% | 1.79% | +9.20% |
Volatility
EMIG.DE vs. IS3C.DE - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.DE) is 1.01%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.10%. This indicates that EMIG.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
| EMIG.DE | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.10% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 5.14% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 6.18% | +15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.46% | 8.94% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 9.30% | +2.91% |
EMIG.DE vs. IS3C.DE - Expense Ratio Comparison
EMIG.DE has a 0.45% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
EMIG.DE vs. IS3C.DE - Dividend Comparison
Neither EMIG.DE nor IS3C.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIG.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
EMIG.DE and IS3C.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIG.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIG.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for IS3C.DE.
EMIG.DE tracks JPM EMBI Global Diversified TR USD, while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: UBS and iShares. Their fees differ too: 0.45% for EMIG.DE and 0.50% for IS3C.DE.
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