ICGA.DE vs. IUS7.DE

Last updated Jun 5, 2026

ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while IUS7.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 2.86%/yr for IUS7.DE. At a 0.21 correlation, their price movements are largely independent. ICGA.DE charges 0.28%/yr vs 0.45%/yr for IUS7.DE.

Performance

ICGA.DE vs. IUS7.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICGA.DE achieves a -6.86% return, which is significantly lower than IUS7.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*: —

IUS7.DE

• 1D: 0.14%
• 1M: 1.60%
• YTD: 2.97%
• 6M: 2.72%
• 1Y: 9.31%
• 3Y*: 6.75%
• 5Y*: 2.86%
• 10Y*: 3.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ICGA.DE vs. IUS7.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ICGA.DE iShares MSCI China UCITS ETF USD Acc	-6.86%	16.64%	27.28%	-14.71%	-15.17%	-17.27%	15.31%	14.05%
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)	2.97%	1.14%	11.74%	6.77%	-13.16%	5.75%	-4.03%	5.88%

Correlation

The correlation between ICGA.DE and IUS7.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
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 Jun 26, 2019	0.21

Return for Risk

ICGA.DE vs. IUS7.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ICGA.DE

ICGA.DE Risk / Return Rank: 11
ICGA.DE Sharpe Ratio Rank: 11
ICGA.DE Sortino Ratio Rank: 11
ICGA.DE Omega Ratio Rank: 11
ICGA.DE Calmar Ratio Rank: 11
ICGA.DE Martin Ratio Rank: 11

IUS7.DE

IUS7.DE Risk / Return Rank: 51
IUS7.DE Sharpe Ratio Rank: 45
IUS7.DE Sortino Ratio Rank: 48
IUS7.DE Omega Ratio Rank: 46
IUS7.DE Calmar Ratio Rank: 62
IUS7.DE Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ICGA.DE vs. IUS7.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 (Dist) (IUS7.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	IUS7.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.15	1.55	-1.41
Sortino ratio: Return per unit of downside risk	0.34	2.32	-1.98
Omega ratio: Gain probability vs. loss probability	1.04	1.29	-0.25
Calmar ratio: Return relative to maximum drawdown	0.16	3.00	-2.84
Martin ratio: Return relative to average drawdown	0.34	9.17	-8.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICGA.DE vs. IUS7.DE - Sharpe Ratio Comparison

The current ICGA.DE Sharpe Ratio is 0.15, which is lower than the IUS7.DE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of ICGA.DE and IUS7.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ICGA.DE	IUS7.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	1.55	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.33	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.61	-0.57

Drawdowns

ICGA.DE vs. IUS7.DE - Drawdown Comparison

The maximum ICGA.DE drawdown since its inception was -55.95%, which is greater than IUS7.DE's maximum drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and IUS7.DE.

Drawdown Indicators

	ICGA.DE	IUS7.DE	Difference
Max Drawdown Largest peak-to-trough decline	-55.95%	-27.13%	-28.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.84%	-3.09%	-13.75%
Max Drawdown (3Y) Largest decline over 3 years	-24.41%	-12.95%	-11.46%
Max Drawdown (5Y) Largest decline over 5 years	-49.32%	-15.90%	-33.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.13%	—
Current Drawdown Current decline from peak	-32.56%	0.00%	-32.56%
Average Drawdown Average peak-to-trough decline	-28.80%	-6.48%	-22.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.08%	1.01%	+7.07%

Volatility

ICGA.DE vs. IUS7.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 (Dist) (IUS7.DE) at 1.24%. This indicates that ICGA.DE's price experiences larger fluctuations and is considered to be riskier than IUS7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICGA.DE	IUS7.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	1.24%	+5.95%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	4.03%	+9.28%
Volatility (1Y) Calculated over the trailing 1-year period	18.64%	5.97%	+12.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	8.56%	+19.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.97%	11.02%	+15.95%

ICGA.DE vs. IUS7.DE - Expense Ratio Comparison

ICGA.DE has a 0.28% expense ratio, which is lower than IUS7.DE's 0.45% expense ratio.

Dividends

ICGA.DE vs. IUS7.DE - Dividend Comparison

ICGA.DE has not paid dividends to shareholders, while IUS7.DE's dividend yield for the trailing twelve months is around 5.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICGA.DE iShares MSCI China UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)	5.80%	6.10%	5.62%	5.77%	5.63%	3.80%	4.17%	4.72%	4.70%	5.11%	5.29%	4.71%

Frequently Asked Questions

Can I hold both ICGA.DE and IUS7.DE in my portfolio?

ICGA.DE and IUS7.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ICGA.DE or IUS7.DE?

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.

Which ETF is cheaper, ICGA.DE or IUS7.DE?

ICGA.DE is cheaper with a 0.28% expense ratio, compared with 0.45% for IUS7.DE.

What is the main difference between ICGA.DE and IUS7.DE?

ICGA.DE is categorized as China Equities, while IUS7.DE is Emerging Markets Bonds. ICGA.DE tracks MSCI China, while IUS7.DE tracks JP Morgan EMBI Global Core. Their fees differ too: 0.28% for ICGA.DE and 0.45% for IUS7.DE.