FESD.DE vs. IS3C.DE
FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both Emerging Markets Bonds funds - FESD.DE tracks the Fidelity Sustainable USD EM Bond while IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, FESD.DE returned 1.89%/yr vs -3.40%/yr for IS3C.DE. At a 0.28 correlation, their price movements are largely independent. FESD.DE charges 0.45%/yr vs 0.50%/yr for IS3C.DE.
Performance
FESD.DE vs. IS3C.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 IS3C.DE's -1.63% 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*
- —
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%
FESD.DE vs. IS3C.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% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | 2.29% |
Correlation
The correlation between FESD.DE and IS3C.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.28 |
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Return for Risk
FESD.DE vs. IS3C.DE — Risk / Return Rank
FESD.DE
IS3C.DE
FESD.DE vs. IS3C.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 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.
| FESD.DE | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.48 | +1.98 |
| Martin ratioReturn relative to average drawdown | 6.56 | 1.52 | +5.04 |
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 | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.44 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | -0.38 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.00 | +0.18 |
Drawdowns
FESD.DE vs. IS3C.DE - Drawdown Comparison
The maximum FESD.DE drawdown since its inception was -16.01%, smaller than the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for FESD.DE and IS3C.DE.
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Drawdown Indicators
| FESD.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.01% | -30.78% | +14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -5.62% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -8.94% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -30.47% | +14.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.78% | — |
Current DrawdownCurrent decline from peak | -0.59% | -17.90% | +17.31% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -9.16% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.79% | -0.40% |
Volatility
FESD.DE vs. IS3C.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 EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) at 2.10%. This indicates that FESD.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
| FESD.DE | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 2.10% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 5.14% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 6.18% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 8.94% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 9.30% | -0.60% |
FESD.DE vs. IS3C.DE - Expense Ratio Comparison
FESD.DE has a 0.45% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
FESD.DE vs. IS3C.DE - Dividend Comparison
FESD.DE's dividend yield for the trailing twelve months is around 6.69%, while IS3C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% | 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
FESD.DE and IS3C.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FESD.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FESD.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for IS3C.DE.
FESD.DE tracks Fidelity Sustainable USD EM Bond, while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.45% for FESD.DE and 0.50% for IS3C.DE.
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