IS02.DE vs. 36B1.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds from iShares - IS02.DE tracks the JP Morgan EMBI Global Core while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, IS02.DE returned 2.42%/yr vs 1.88%/yr for 36B1.DE. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
IS02.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IS02.DE having a 4.67% return and 36B1.DE slightly lower at 4.50%.
IS02.DE
- 1D
- 0.00%
- 1M
- 0.74%
- 6M
- 3.34%
- YTD
- 4.67%
- 1Y
- 11.22%
- 3Y*
- 7.97%
- 5Y*
- 2.42%
- 10Y*
- —
36B1.DE
- 1D
- 0.26%
- 1M
- 0.79%
- 6M
- 3.14%
- YTD
- 4.50%
- 1Y
- 10.75%
- 3Y*
- 7.32%
- 5Y*
- 1.88%
- 10Y*
- —
IS02.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 4.67% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.50% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -1.21% |
Correlation
The correlation between IS02.DE and 36B1.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.92 |
The correlation between IS02.DE and 36B1.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
IS02.DE vs. 36B1.DE — Risk / Return Rank
IS02.DE
36B1.DE
IS02.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.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.
| IS02.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 3.73 | +0.02 |
| Martin ratioReturn relative to average drawdown | 10.96 | 10.56 | +0.41 |
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Drawdowns
IS02.DE vs. 36B1.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum 36B1.DE drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for IS02.DE and 36B1.DE.
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Drawdown Indicators
| IS02.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -22.35% | +6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.87% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -12.32% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -16.23% | +0.02% |
Current DrawdownCurrent decline from peak | -1.23% | -1.28% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -8.65% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.02% | +0.01% |
Volatility
IS02.DE vs. 36B1.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) is 1.21%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.29%. This indicates that IS02.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS02.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.29% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 4.07% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 6.02% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 8.51% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 10.17% | -1.83% |
IS02.DE vs. 36B1.DE - Expense Ratio Comparison
Both IS02.DE and 36B1.DE have an expense ratio of 0.45%.
Dividends
IS02.DE vs. 36B1.DE - Dividend Comparison
IS02.DE has not paid dividends to shareholders, while 36B1.DE's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.66% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 2.35% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS02.DE and 36B1.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS02.DE and 36B1.DE have the same expense ratio: 0.45% per year.
IS02.DE tracks JP Morgan EMBI Global Core, while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified.
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