IS02.DE vs. SPFD.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) are both Emerging Markets Bonds funds - IS02.DE tracks the JP Morgan EMBI Global Core while SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, IS02.DE returned 3.02%/yr vs -1.55%/yr for SPFD.DE. At a 0.05 correlation, their price movements are largely independent. IS02.DE charges 0.45%/yr vs 0.60%/yr for SPFD.DE.
Performance
IS02.DE vs. SPFD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS02.DE achieves a 5.97% return, which is significantly higher than SPFD.DE's -1.67% return.
IS02.DE
- 1D
- 0.00%
- 1M
- 3.85%
- YTD
- 5.97%
- 6M
- 6.21%
- 1Y
- 13.45%
- 3Y*
- 7.94%
- 5Y*
- 3.02%
- 10Y*
- —
SPFD.DE
- 1D
- 0.51%
- 1M
- 0.04%
- YTD
- -1.67%
- 6M
- -1.18%
- 1Y
- 1.50%
- 3Y*
- 2.75%
- 5Y*
- -1.55%
- 10Y*
- —
IS02.DE vs. SPFD.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) | 5.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | -1.67% | 12.44% | -4.38% | 6.62% | -12.76% | -9.84% | 6.94% |
Correlation
The correlation between IS02.DE and SPFD.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.05 |
The correlation between IS02.DE and SPFD.DE shifts across timeframes, from -0.07 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS02.DE vs. SPFD.DE — Risk / Return Rank
IS02.DE
SPFD.DE
IS02.DE vs. SPFD.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 State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.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 | SPFD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.04 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 0.22 | +4.28 |
| Martin ratioReturn relative to average drawdown | 13.35 | 0.61 | +12.75 |
Loading charts...
Drawdowns
IS02.DE vs. SPFD.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum SPFD.DE drawdown of -28.89%. Use the drawdown chart below to compare losses from any high point for IS02.DE and SPFD.DE.
Loading charts...
Drawdown Indicators
| IS02.DE | SPFD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -28.89% | +12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -6.69% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -9.26% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -25.58% | +9.37% |
Current DrawdownCurrent decline from peak | 0.00% | -11.63% | +11.63% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -13.42% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.46% | -1.45% |
Volatility
IS02.DE vs. SPFD.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) is 1.37%, while State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) has a volatility of 2.50%. This indicates that IS02.DE experiences smaller price fluctuations and is considered to be less risky than SPFD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS02.DE | SPFD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 2.50% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 6.71% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 7.44% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 7.99% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 8.41% | -0.03% |
IS02.DE vs. SPFD.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is lower than SPFD.DE's 0.60% expense ratio.
Dividends
IS02.DE vs. SPFD.DE - Dividend Comparison
Neither IS02.DE nor SPFD.DE has paid dividends to shareholders.
Frequently Asked Questions
IS02.DE and SPFD.DE have a correlation of -0.07, 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 0.60% for SPFD.DE.
IS02.DE tracks JP Morgan EMBI Global Core, while SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged). They also come from different issuers: iShares and State Street. Their fees differ too: 0.45% for IS02.DE and 0.60% for SPFD.DE.
Find the right allocation for IS02.DE and SPFD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer