FRCK.DE vs. SLMG.DE
FRCK.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc) and SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - FRCK.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged) while SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, FRCK.DE returned 0.19%/yr vs -0.86%/yr for SLMG.DE. Their correlation of 0.86 suggests significant overlap in exposure. FRCK.DE charges 0.28%/yr vs 0.50%/yr for SLMG.DE.
Performance
FRCK.DE vs. SLMG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRCK.DE achieves a 1.67% return, which is significantly higher than SLMG.DE's 0.76% return.
FRCK.DE
- 1D
- 0.27%
- 1M
- 1.11%
- YTD
- 1.67%
- 6M
- 2.34%
- 1Y
- 10.92%
- 3Y*
- 9.35%
- 5Y*
- 0.19%
- 10Y*
- 1.49%
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.80%
- YTD
- 0.76%
- 6M
- 1.17%
- 1Y
- 8.09%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 10Y*
- —
FRCK.DE vs. SLMG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 1.67% | 12.81% | 5.36% | 9.70% | -22.07% | -3.88% | 2.79% | 2.48% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | 3.21% | 7.05% | -21.25% | -3.90% | 4.76% | 1.77% |
Correlation
The correlation between FRCK.DE and SLMG.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019 | 0.86 |
The correlation between FRCK.DE and SLMG.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
FRCK.DE vs. SLMG.DE — Risk / Return Rank
FRCK.DE
SLMG.DE
FRCK.DE vs. SLMG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.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.
| FRCK.DE | SLMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.70 | +0.73 |
| Martin ratioReturn relative to average drawdown | 10.09 | 6.65 | +3.43 |
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
| FRCK.DE | SLMG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.44 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.10 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.01 | +0.17 |
Drawdowns
FRCK.DE vs. SLMG.DE - Drawdown Comparison
The maximum FRCK.DE drawdown since its inception was -32.71%, which is greater than SLMG.DE's maximum drawdown of -31.13%. Use the drawdown chart below to compare losses from any high point for FRCK.DE and SLMG.DE.
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Drawdown Indicators
| FRCK.DE | SLMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -31.13% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.49% | -4.74% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -7.88% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -30.75% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | -6.55% | +5.58% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -12.84% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.21% | -0.13% |
Volatility
FRCK.DE vs. SLMG.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) is 1.80%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) has a volatility of 1.96%. This indicates that FRCK.DE experiences smaller price fluctuations and is considered to be less risky than SLMG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRCK.DE | SLMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.96% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 4.58% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 5.61% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 8.36% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 9.69% | -0.40% |
FRCK.DE vs. SLMG.DE - Expense Ratio Comparison
FRCK.DE has a 0.28% expense ratio, which is lower than SLMG.DE's 0.50% expense ratio.
Dividends
FRCK.DE vs. SLMG.DE - Dividend Comparison
Neither FRCK.DE nor SLMG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, FRCK.DE and SLMG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FRCK.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRCK.DE is cheaper with a 0.28% expense ratio, compared with 0.50% for SLMG.DE.
FRCK.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged), while SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: UBS and iShares. Their fees differ too: 0.28% for FRCK.DE and 0.50% for SLMG.DE.
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