IS02.DE vs. ICGA.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both exchange-traded funds - IS02.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core, while ICGA.DE is a China Equities fund tracking the MSCI China. Both are passively managed. Over the past 5 years, IS02.DE returned 2.88%/yr vs -4.32%/yr for ICGA.DE. At a 0.16 correlation, their price movements are largely independent. IS02.DE charges 0.45%/yr vs 0.28%/yr for ICGA.DE.
Performance
IS02.DE vs. ICGA.DE - Performance Comparison
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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 ICGA.DE's -6.86% 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*
- —
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 vs. ICGA.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) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 8.20% |
Correlation
The correlation between IS02.DE and ICGA.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
IS02.DE vs. ICGA.DE — Risk / Return Rank
IS02.DE
ICGA.DE
IS02.DE vs. ICGA.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 MSCI China UCITS ETF USD Acc (ICGA.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.DE | ICGA.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 | 1.30 | 1.04 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.16 | +2.95 |
| Martin ratioReturn relative to average drawdown | 8.98 | 0.34 | +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
| IS02.DE | ICGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.15 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.15 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.05 | +0.23 |
Drawdowns
IS02.DE vs. ICGA.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum ICGA.DE drawdown of -55.95%. Use the drawdown chart below to compare losses from any high point for IS02.DE and ICGA.DE.
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Drawdown Indicators
| IS02.DE | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -55.95% | +39.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -16.84% | +13.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -24.41% | +11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -49.32% | +33.11% |
Current DrawdownCurrent decline from peak | 0.00% | -32.56% | +32.56% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -28.80% | +22.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 8.08% | -7.04% |
Volatility
IS02.DE vs. ICGA.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) is 1.19%, while iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a volatility of 7.19%. This indicates that IS02.DE experiences smaller price fluctuations and is considered to be less risky than ICGA.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 | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 7.19% | -6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.97% | 13.31% | -9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 18.64% | -12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 27.66% | -19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 26.97% | -18.63% |
IS02.DE vs. ICGA.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is higher than ICGA.DE's 0.28% expense ratio.
Dividends
IS02.DE vs. ICGA.DE - Dividend Comparison
Neither IS02.DE nor ICGA.DE has paid dividends to shareholders.
Frequently Asked Questions
IS02.DE and ICGA.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.
IS02.DE is categorized as Emerging Markets Bonds, while ICGA.DE is China Equities. IS02.DE tracks JP Morgan EMBI Global Core, while ICGA.DE tracks MSCI China. Their fees differ too: 0.45% for IS02.DE and 0.28% for ICGA.DE.
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