IS02.DE vs. SNAZ.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds from iShares - IS02.DE tracks the JP Morgan EMBI Global Core while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, IS02.DE returned 2.45%/yr vs -0.19%/yr for SNAZ.DE. At a 0.38 correlation, their price movements are largely independent. IS02.DE charges 0.45%/yr vs 0.53%/yr for SNAZ.DE.
Performance
IS02.DE vs. SNAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS02.DE achieves a 4.82% return, which is significantly higher than SNAZ.DE's 0.59% return.
IS02.DE
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 4.05%
- YTD
- 4.82%
- 1Y
- 11.67%
- 3Y*
- 8.13%
- 5Y*
- 2.45%
- 10Y*
- —
SNAZ.DE
- 1D
- 0.20%
- 1M
- 0.00%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.85%
- 3Y*
- 4.86%
- 5Y*
- -0.19%
- 10Y*
- —
IS02.DE vs. SNAZ.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) | 4.82% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 2.79% |
Correlation
The correlation between IS02.DE and SNAZ.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.38 |
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Return for Risk
IS02.DE vs. SNAZ.DE — Risk / Return Rank
IS02.DE
SNAZ.DE
IS02.DE vs. SNAZ.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 $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 1.32 | +2.58 |
| Martin ratioReturn relative to average drawdown | 11.45 | 4.83 | +6.62 |
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Drawdowns
IS02.DE vs. SNAZ.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum SNAZ.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for IS02.DE and SNAZ.DE.
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Drawdown Indicators
| IS02.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -21.88% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.91% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -3.82% | -9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -21.88% | +5.67% |
Current DrawdownCurrent decline from peak | -1.09% | -1.73% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -7.61% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.80% | +0.22% |
Volatility
IS02.DE vs. SNAZ.DE - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) has a higher volatility of 1.64% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 0.98%. This indicates that IS02.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.98% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 2.77% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 3.40% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 5.06% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.35% | 7.63% | +0.72% |
IS02.DE vs. SNAZ.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
IS02.DE vs. SNAZ.DE - Dividend Comparison
Neither IS02.DE nor SNAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
IS02.DE and SNAZ.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS02.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS02.DE is cheaper with a 0.45% expense ratio, compared with 0.53% for SNAZ.DE.
IS02.DE tracks JP Morgan EMBI Global Core, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Their fees differ too: 0.45% for IS02.DE and 0.53% for SNAZ.DE.
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