EMIG.DE vs. ZPR5.DE
EMIG.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) and ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) are both Emerging Markets Bonds funds - EMIG.DE tracks the JPM EMBI Global Diversified TR USD while ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a. Both are passively managed. Over the past 5 years, EMIG.DE returned 0.76%/yr vs 3.18%/yr for ZPR5.DE. A 0.72 correlation means they provide meaningful diversification when combined. EMIG.DE charges 0.45%/yr vs 0.42%/yr for ZPR5.DE.
Performance
EMIG.DE vs. ZPR5.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 lower than ZPR5.DE's 2.14% 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*
- —
ZPR5.DE
- 1D
- -0.10%
- 1M
- 1.03%
- YTD
- 2.14%
- 6M
- 1.53%
- 1Y
- 3.84%
- 3Y*
- 3.25%
- 5Y*
- 3.18%
- 10Y*
- 2.25%
EMIG.DE vs. ZPR5.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% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | -1.06% | 7.98% | -6.72% | 0.22% |
Correlation
The correlation between EMIG.DE and ZPR5.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.72 |
The correlation between EMIG.DE and ZPR5.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
EMIG.DE vs. ZPR5.DE — Risk / Return Rank
EMIG.DE
ZPR5.DE
EMIG.DE vs. ZPR5.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 SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.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 | ZPR5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.11 | -0.85 |
| Martin ratioReturn relative to average drawdown | 0.38 | 2.73 | -2.34 |
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 | ZPR5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.65 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.45 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.39 | -0.35 |
Drawdowns
EMIG.DE vs. ZPR5.DE - Drawdown Comparison
The maximum EMIG.DE drawdown since its inception was -16.46%, which is greater than ZPR5.DE's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for EMIG.DE and ZPR5.DE.
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Drawdown Indicators
| EMIG.DE | ZPR5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -14.48% | -1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -3.21% | -12.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.16% | -9.72% | -6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.16% | -9.92% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.48% | — |
Current DrawdownCurrent decline from peak | -13.38% | -4.28% | -9.10% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -4.88% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.99% | 1.30% | +9.69% |
Volatility
EMIG.DE vs. ZPR5.DE - Volatility Comparison
UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.DE) has a higher volatility of 1.01% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) at 0.96%. This indicates that EMIG.DE's price experiences larger fluctuations and is considered to be riskier than ZPR5.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 | ZPR5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.96% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 3.56% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 5.43% | +16.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.46% | 7.04% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 7.20% | +5.01% |
EMIG.DE vs. ZPR5.DE - Expense Ratio Comparison
EMIG.DE has a 0.45% expense ratio, which is higher than ZPR5.DE's 0.42% expense ratio.
Dividends
EMIG.DE vs. ZPR5.DE - Dividend Comparison
EMIG.DE has not paid dividends to shareholders, while ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%.
| 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% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.83% | 5.10% | 4.16% | 3.16% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
EMIG.DE and ZPR5.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR5.DE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR5.DE is cheaper with a 0.42% expense ratio, compared with 0.45% for EMIG.DE.
EMIG.DE tracks JPM EMBI Global Diversified TR USD, while ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a. They also come from different issuers: UBS and State Street. Their fees differ too: 0.45% for EMIG.DE and 0.42% for ZPR5.DE.
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