GASF.DE vs. IS0S.DE
GASF.DE (Goldman Sachs Access China Government Bond UCITS ETF USD Inc) and IS0S.DE (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) are both Emerging Markets Bonds funds - GASF.DE tracks the FTSE Goldman Sachs China Government Bond Index while IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index. Both are passively managed. Over the past 5 years, GASF.DE returned 3.49%/yr vs 0.14%/yr for IS0S.DE. A 0.63 correlation means they provide meaningful diversification when combined. GASF.DE charges 0.24%/yr vs 0.50%/yr for IS0S.DE.
Performance
GASF.DE vs. IS0S.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 IS0S.DE's -3.63% 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*
- —
IS0S.DE
- 1D
- -0.01%
- 1M
- 0.42%
- 6M
- -2.57%
- YTD
- -3.63%
- 1Y
- -5.43%
- 3Y*
- 0.01%
- 5Y*
- 0.14%
- 10Y*
- 0.69%
GASF.DE vs. IS0S.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% |
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -3.63% | -5.90% | 7.58% | 1.14% | -1.88% | 3.53% | -0.48% | 1.43% |
Correlation
The correlation between GASF.DE and IS0S.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.63 |
The correlation between GASF.DE and IS0S.DE has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
GASF.DE vs. IS0S.DE — Risk / Return Rank
GASF.DE
IS0S.DE
GASF.DE vs. IS0S.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 Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.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 | IS0S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.85 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.69 | +3.22 |
| Martin ratioReturn relative to average drawdown | 7.67 | -1.24 | +8.91 |
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Drawdowns
GASF.DE vs. IS0S.DE - Drawdown Comparison
The maximum GASF.DE drawdown since its inception was -13.75%, smaller than the maximum IS0S.DE drawdown of -30.09%. Use the drawdown chart below to compare losses from any high point for GASF.DE and IS0S.DE.
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Drawdown Indicators
| GASF.DE | IS0S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.75% | -30.09% | +16.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -7.85% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -11.00% | -12.92% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -12.92% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -1.66% | -11.28% | +9.62% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -9.54% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 4.36% | -3.24% |
Volatility
GASF.DE vs. IS0S.DE - Volatility Comparison
Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) and iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) have volatilities of 1.25% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GASF.DE | IS0S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.23% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 4.02% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 5.43% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 6.19% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 10.36% | -2.65% |
GASF.DE vs. IS0S.DE - Expense Ratio Comparison
GASF.DE has a 0.24% expense ratio, which is lower than IS0S.DE's 0.50% expense ratio.
Dividends
GASF.DE vs. IS0S.DE - Dividend Comparison
GASF.DE's dividend yield for the trailing twelve months is around 1.99%, more than IS0S.DE's 1.78% 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% |
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.78% | 3.49% | 2.94% | 2.89% | 2.96% | 2.30% | 3.05% | 2.44% | 2.50% | 2.19% | 2.90% | 1.15% |
Frequently Asked Questions
GASF.DE and IS0S.DE have a correlation of 0.57, 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 IS0S.DE.
GASF.DE tracks FTSE Goldman Sachs China Government Bond Index, while IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.24% for GASF.DE and 0.50% for IS0S.DE.
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