FESD.DE vs. IS02.DE
FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - FESD.DE tracks the Fidelity Sustainable USD EM Bond while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, FESD.DE returned 1.89%/yr vs 2.88%/yr for IS02.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
FESD.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FESD.DE achieves a 3.41% return, which is significantly higher than IS02.DE's 2.97% return.
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
FESD.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 7.31% |
Correlation
The correlation between FESD.DE and IS02.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.76 |
The correlation between FESD.DE and IS02.DE has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
FESD.DE vs. IS02.DE — Risk / Return Rank
FESD.DE
IS02.DE
FESD.DE vs. IS02.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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.
| FESD.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.11 | -0.65 |
| Martin ratioReturn relative to average drawdown | 6.56 | 8.98 | -2.42 |
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
| FESD.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.57 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.33 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.27 | -0.09 |
Drawdowns
FESD.DE vs. IS02.DE - Drawdown Comparison
The maximum FESD.DE drawdown since its inception was -16.01%, roughly equal to the maximum IS02.DE drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for FESD.DE and IS02.DE.
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Drawdown Indicators
| FESD.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.01% | -16.21% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.00% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -12.85% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -16.21% | +0.20% |
Current DrawdownCurrent decline from peak | -0.59% | 0.00% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -5.92% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.04% | +0.35% |
Volatility
FESD.DE vs. IS02.DE - Volatility Comparison
Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a higher volatility of 2.28% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that FESD.DE's price experiences larger fluctuations and is considered to be riskier than IS02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FESD.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.19% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 3.97% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 5.94% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 8.53% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 8.34% | +0.36% |
FESD.DE vs. IS02.DE - Expense Ratio Comparison
Both FESD.DE and IS02.DE have an expense ratio of 0.45%.
Dividends
FESD.DE vs. IS02.DE - Dividend Comparison
FESD.DE's dividend yield for the trailing twelve months is around 6.69%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FESD.DE and IS02.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FESD.DE and IS02.DE have the same expense ratio: 0.45% per year.
FESD.DE tracks Fidelity Sustainable USD EM Bond, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: Fidelity and iShares.
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