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IS02.DE vs. EM1C.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IS02.DE vs. EM1C.DE

Last updated Jun 5, 2026

IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - IS02.DE tracks the JP Morgan EMBI Global Core while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, IS02.DE returned 2.88%/yr vs 2.23%/yr for EM1C.DE. A 0.57 correlation means they provide meaningful diversification when combined. IS02.DE charges 0.45%/yr vs 0.30%/yr for EM1C.DE.

Performance

IS02.DE vs. EM1C.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IS02.DE achieves a 2.97% return, which is significantly higher than EM1C.DE's 2.30% return.

IS02.DE

1D
0.11%
1M
1.71%
YTD
2.97%
6M
2.72%
1Y
9.38%
3Y*
6.78%
5Y*
2.88%
10Y*
—

EM1C.DE

1D
-0.08%
1M
1.38%
YTD
2.30%
6M
2.32%
1Y
7.02%
3Y*
4.00%
5Y*
2.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IS02.DE vs. EM1C.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
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%
EM1C.DE
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		2.30%4.53%3.69%6.44%-4.38%-2.30%4.43%

Correlation

The correlation between IS02.DE and EM1C.DE is 0.60, 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

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Aug 17, 2020

0.57

The correlation between IS02.DE and EM1C.DE has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

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iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)

VanEck J.P. Morgan EM Local Currency Bond UCITS ETF

Often compared with IS02.DE:
IS02.DE vs. SPYIS02.DE vs. SYBM.DEIS02.DE vs. VGEM.DEIS02.DE vs. XUEM.DEIS02.DE vs. XUEE.DEIS02.DE vs. CEB0.DEIS02.DE vs. IS3N.DE
Often compared with EM1C.DE:
EM1C.DE vs. IUS7.DEEM1C.DE vs. VGEM.DEEM1C.DE vs. ENDH.DEEM1C.DE vs. CEB0.DEEM1C.DE vs. XUEM.DEEM1C.DE vs. UEFS.DEEM1C.DE vs. IS3C.DE

Return for Risk

IS02.DE vs. EM1C.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IS02.DE
IS02.DE Risk / Return Rank: 5252
Overall Rank
IS02.DE Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
IS02.DE Sortino Ratio Rank: 4747
Sortino Ratio Rank
IS02.DE Omega Ratio Rank: 4848
Omega Ratio Rank
IS02.DE Calmar Ratio Rank: 6363
Calmar Ratio Rank
IS02.DE Martin Ratio Rank: 5353
Martin Ratio Rank
EM1C.DE
EM1C.DE Risk / Return Rank: 4141
Overall Rank
EM1C.DE Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
EM1C.DE Sortino Ratio Rank: 4343
Sortino Ratio Rank
EM1C.DE Omega Ratio Rank: 4040
Omega Ratio Rank
EM1C.DE Calmar Ratio Rank: 4242
Calmar Ratio Rank
EM1C.DE Martin Ratio Rank: 4343
Martin Ratio Rank
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.

IS02.DE vs. EM1C.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 VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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.

IS02.DEEM1C.DEDifference
Sharpe ratioReturn per unit of total volatility
1.57
1.39

+0.18

Sortino ratioReturn per unit of downside risk
2.31
2.12

+0.19

Omega ratioGain probability vs. loss probability

1.30

1.26

+0.04

Calmar ratioReturn relative to maximum drawdown

3.11

2.04

+1.07

Martin ratioReturn relative to average drawdown

8.98

6.75

+2.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IS02.DE vs. EM1C.DE - Sharpe Ratio Comparison

The current IS02.DE Sharpe Ratio is 1.57, which is comparable to the EM1C.DE Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of IS02.DE and EM1C.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.

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Sharpe Ratios by Period

IS02.DEEM1C.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.57

1.39

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.31

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.09

+0.19

Drawdowns

IS02.DE vs. EM1C.DE - Drawdown Comparison

The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum EM1C.DE drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for IS02.DE and EM1C.DE.

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Drawdown Indicators

IS02.DEEM1C.DEDifference

Max Drawdown

Largest peak-to-trough decline

-16.21%

-18.83%

+2.62%

Max Drawdown (1Y)

Largest decline over 1 year

-3.00%

-3.42%

+0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-12.85%

-7.20%

-5.65%

Max Drawdown (5Y)

Largest decline over 5 years

-16.21%

-8.53%

-7.68%

Current Drawdown

Current decline from peak

0.00%

-0.85%

+0.85%

Average Drawdown

Average peak-to-trough decline

-5.92%

-8.00%

+2.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

1.04%

0.00%

Volatility

IS02.DE vs. EM1C.DE - Volatility Comparison

The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) is 1.19%, while VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a volatility of 1.55%. This indicates that IS02.DE experiences smaller price fluctuations and is considered to be less risky than EM1C.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.DEEM1C.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.19%

1.55%

-0.36%

Volatility (6M)

Calculated over the trailing 6-month period

3.97%

4.15%

-0.18%

Volatility (1Y)

Calculated over the trailing 1-year period

5.94%

5.03%

+0.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.53%

7.03%

+1.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.34%

8.06%

+0.28%

IS02.DE vs. EM1C.DE - Expense Ratio Comparison

IS02.DE has a 0.45% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.

Dividends

IS02.DE vs. EM1C.DE - Dividend Comparison

Neither IS02.DE nor EM1C.DE has paid dividends to shareholders.

PositionTTM2025202420232022
EM1C.DE
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		0.00%0.00%0.00%0.00%0.19%
IS02.DE
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IS02.DE and EM1C.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for IS02.DE.

IS02.DE tracks JP Morgan EMBI Global Core, while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.45% for IS02.DE and 0.30% for EM1C.DE.

Portfolio Optimizer

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