FESD.DE vs. IUSP.DE
FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and IUSP.DE (iShares US Property Yield UCITS ETF) are both Emerging Markets Bonds funds - FESD.DE tracks the Fidelity Sustainable USD EM Bond while IUSP.DE tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, FESD.DE returned 1.89%/yr vs 2.97%/yr for IUSP.DE. At a 0.48 correlation, their price movements are largely independent. FESD.DE charges 0.45%/yr vs 0.40%/yr for IUSP.DE.
Performance
FESD.DE vs. IUSP.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 IUSP.DE's -0.08% 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*
- —
IUSP.DE
- 1D
- -0.57%
- 1M
- 1.60%
- YTD
- -0.08%
- 6M
- -0.09%
- 1Y
- 5.25%
- 3Y*
- 4.80%
- 5Y*
- 2.97%
- 10Y*
- 2.78%
FESD.DE vs. IUSP.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% |
IUSP.DE iShares US Property Yield UCITS ETF | -0.08% | 6.45% | 4.79% | 9.50% | -3.59% | 1.35% |
Correlation
The correlation between FESD.DE and IUSP.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.48 |
The correlation between FESD.DE and IUSP.DE has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
FESD.DE vs. IUSP.DE — Risk / Return Rank
FESD.DE
IUSP.DE
FESD.DE vs. IUSP.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 US Property Yield UCITS ETF (IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.15 | +1.31 |
| Martin ratioReturn relative to average drawdown | 6.56 | 3.19 | +3.38 |
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 | IUSP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.86 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.40 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.13 | +0.06 |
Drawdowns
FESD.DE vs. IUSP.DE - Drawdown Comparison
The maximum FESD.DE drawdown since its inception was -16.01%, smaller than the maximum IUSP.DE drawdown of -26.42%. Use the drawdown chart below to compare losses from any high point for FESD.DE and IUSP.DE.
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Drawdown Indicators
| FESD.DE | IUSP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.01% | -26.42% | +10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -4.53% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -7.04% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -9.18% | -6.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.74% | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.56% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -9.45% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.65% | -0.26% |
Volatility
FESD.DE vs. IUSP.DE - Volatility Comparison
Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a higher volatility of 2.28% compared to iShares US Property Yield UCITS ETF (IUSP.DE) at 1.71%. This indicates that FESD.DE's price experiences larger fluctuations and is considered to be riskier than IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.71% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 5.42% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 6.06% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 7.33% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 8.56% | +0.14% |
FESD.DE vs. IUSP.DE - Expense Ratio Comparison
FESD.DE has a 0.45% expense ratio, which is higher than IUSP.DE's 0.40% expense ratio.
Dividends
FESD.DE vs. IUSP.DE - Dividend Comparison
FESD.DE's dividend yield for the trailing twelve months is around 6.69%, more than IUSP.DE's 5.43% yield.
| 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% |
IUSP.DE iShares US Property Yield UCITS ETF | 5.43% | 7.21% | 7.03% | 6.58% | 7.55% | 5.13% | 6.21% | 6.11% | 6.67% | 6.42% | 6.34% | 4.38% |
Frequently Asked Questions
FESD.DE and IUSP.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSP.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSP.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for FESD.DE.
FESD.DE tracks Fidelity Sustainable USD EM Bond, while IUSP.DE tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.45% for FESD.DE and 0.40% for IUSP.DE.
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