ICGA.DE vs. IS02.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while IS02.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, ICGA.DE returned -4.32%/yr vs 2.88%/yr for IS02.DE. At a 0.16 correlation, their price movements are largely independent. ICGA.DE charges 0.28%/yr vs 0.45%/yr for IS02.DE.
Performance
ICGA.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ICGA.DE achieves a -6.86% return, which is significantly lower than IS02.DE's 2.97% return.
ICGA.DE
- 1D
- -0.54%
- 1M
- -2.09%
- YTD
- -6.86%
- 6M
- -8.51%
- 1Y
- 2.73%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
ICGA.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 8.20% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between ICGA.DE and IS02.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.16 |
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Return for Risk
ICGA.DE vs. IS02.DE — Risk / Return Rank
ICGA.DE
IS02.DE
ICGA.DE vs. IS02.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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.
| ICGA.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.30 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 3.11 | -2.95 |
| Martin ratioReturn relative to average drawdown | 0.34 | 8.98 | -8.65 |
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
| ICGA.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.57 | -1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.33 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.27 | -0.23 |
Drawdowns
ICGA.DE vs. IS02.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and IS02.DE.
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Drawdown Indicators
| ICGA.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -16.21% | -39.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -3.00% | -13.84% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -12.85% | -11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -16.21% | -33.11% |
Current DrawdownCurrent decline from peak | -32.56% | 0.00% | -32.56% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -5.92% | -22.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 1.04% | +7.04% |
Volatility
ICGA.DE vs. IS02.DE - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 7.19% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than IS02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICGA.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 1.19% | +6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 3.97% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 5.94% | +12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 8.53% | +19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 8.34% | +18.63% |
ICGA.DE vs. IS02.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
ICGA.DE vs. IS02.DE - Dividend Comparison
Neither ICGA.DE nor IS02.DE has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and IS02.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICGA.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICGA.DE is cheaper with a 0.28% expense ratio, compared with 0.45% for IS02.DE.
ICGA.DE is categorized as China Equities, while IS02.DE is Emerging Markets Bonds. ICGA.DE tracks MSCI China, while IS02.DE tracks JP Morgan EMBI Global Core. Their fees differ too: 0.28% for ICGA.DE and 0.45% for IS02.DE.
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