GASF.DE vs. IS0Q.DE
GASF.DE (Goldman Sachs Access China Government Bond UCITS ETF USD Inc) and IS0Q.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds - GASF.DE tracks the FTSE Goldman Sachs China Government Bond Index while IS0Q.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index. Both are passively managed. Over the past 5 years, GASF.DE returned 3.49%/yr vs 2.56%/yr for IS0Q.DE. A 0.63 correlation means they provide meaningful diversification when combined. GASF.DE charges 0.24%/yr vs 0.50%/yr for IS0Q.DE.
Performance
GASF.DE vs. IS0Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GASF.DE achieves a 7.80% return, which is significantly higher than IS0Q.DE's 4.48% return.
GASF.DE
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 5.78%
- YTD
- 7.80%
- 1Y
- 8.64%
- 3Y*
- 5.05%
- 5Y*
- 3.49%
- 10Y*
- —
IS0Q.DE
- 1D
- 0.05%
- 1M
- 1.15%
- 6M
- 2.59%
- YTD
- 4.48%
- 1Y
- 7.17%
- 3Y*
- 6.16%
- 5Y*
- 2.56%
- 10Y*
- 3.10%
GASF.DE vs. IS0Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 7.80% | -6.82% | 10.85% | -2.28% | 0.91% | 16.54% | -0.76% | -8.22% |
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 4.48% | -3.70% | 12.34% | 4.23% | -6.55% | 7.84% | -2.78% | 1.47% |
Correlation
The correlation between GASF.DE and IS0Q.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.63 |
The correlation between GASF.DE and IS0Q.DE shifts across timeframes, from 0.63 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GASF.DE vs. IS0Q.DE — Risk / Return Rank
GASF.DE
IS0Q.DE
GASF.DE vs. IS0Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) and iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GASF.DE | IS0Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.38 | +0.15 |
| Martin ratioReturn relative to average drawdown | 7.67 | 6.80 | +0.87 |
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Drawdowns
GASF.DE vs. IS0Q.DE - Drawdown Comparison
The maximum GASF.DE drawdown since its inception was -13.75%, smaller than the maximum IS0Q.DE drawdown of -26.03%. Use the drawdown chart below to compare losses from any high point for GASF.DE and IS0Q.DE.
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Drawdown Indicators
| GASF.DE | IS0Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.75% | -26.03% | +12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -2.99% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.00% | -11.02% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -11.02% | -2.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.18% | — |
Current DrawdownCurrent decline from peak | -1.66% | -2.21% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -7.55% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.05% | +0.07% |
Volatility
GASF.DE vs. IS0Q.DE - Volatility Comparison
Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) has a higher volatility of 1.25% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) at 0.98%. This indicates that GASF.DE's price experiences larger fluctuations and is considered to be riskier than IS0Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GASF.DE | IS0Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.98% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 3.55% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 5.41% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 7.04% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 8.76% | -1.05% |
GASF.DE vs. IS0Q.DE - Expense Ratio Comparison
GASF.DE has a 0.24% expense ratio, which is lower than IS0Q.DE's 0.50% expense ratio.
Dividends
GASF.DE vs. IS0Q.DE - Dividend Comparison
GASF.DE's dividend yield for the trailing twelve months is around 1.99%, less than IS0Q.DE's 5.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 1.99% | 2.36% | 2.35% | 2.63% | 2.73% | 2.40% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.51% | 5.61% | 5.36% | 5.07% | 4.31% | 3.54% | 4.14% | 4.58% | 4.69% | 4.55% | 4.51% | 5.13% |
Frequently Asked Questions
GASF.DE and IS0Q.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GASF.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GASF.DE is cheaper with a 0.24% expense ratio, compared with 0.50% for IS0Q.DE.
GASF.DE tracks FTSE Goldman Sachs China Government Bond Index, while IS0Q.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.24% for GASF.DE and 0.50% for IS0Q.DE.
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