IS0Q.DE vs. UEFE.DE
IS0Q.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) are both Emerging Markets Bonds funds - IS0Q.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index while UEFE.DE tracks the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond. Both are passively managed. Over the past 5 years, IS0Q.DE returned 2.56%/yr vs 3.28%/yr for UEFE.DE. At a 0.45 correlation, their price movements are largely independent. IS0Q.DE charges 0.50%/yr vs 0.40%/yr for UEFE.DE.
Performance
IS0Q.DE vs. UEFE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IS0Q.DE having a 4.48% return and UEFE.DE slightly higher at 4.68%.
IS0Q.DE
- 1D
- 0.05%
- 1M
- 1.15%
- 6M
- 2.59%
- YTD
- 4.48%
- 1Y
- 7.17%
- 3Y*
- 6.16%
- 5Y*
- 2.56%
- 10Y*
- 3.10%
UEFE.DE
- 1D
- -0.26%
- 1M
- 0.17%
- 6M
- 2.36%
- YTD
- 4.68%
- 1Y
- 10.66%
- 3Y*
- 6.54%
- 5Y*
- 3.28%
- 10Y*
- —
IS0Q.DE vs. UEFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 4.48% | -3.70% | 12.34% | 4.23% | -6.55% | 7.84% | -2.78% | 16.71% | 1.93% |
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 4.68% | 6.42% | 4.70% | 10.83% | -7.97% | -1.52% | -6.87% | 15.85% | -7.00% |
Correlation
The correlation between IS0Q.DE and UEFE.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.45 |
The correlation between IS0Q.DE and UEFE.DE has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
IS0Q.DE vs. UEFE.DE — Risk / Return Rank
IS0Q.DE
UEFE.DE
IS0Q.DE vs. UEFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) and UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.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.
| IS0Q.DE | UEFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.72 | -0.34 |
| Martin ratioReturn relative to average drawdown | 6.80 | 9.53 | -2.73 |
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Drawdowns
IS0Q.DE vs. UEFE.DE - Drawdown Comparison
The maximum IS0Q.DE drawdown since its inception was -26.03%, which is greater than UEFE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for IS0Q.DE and UEFE.DE.
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Drawdown Indicators
| IS0Q.DE | UEFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -23.70% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -3.90% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -7.95% | -3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -11.02% | -12.90% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -23.18% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -0.68% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -8.52% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.12% | -0.07% |
Volatility
IS0Q.DE vs. UEFE.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) is 0.98%, while UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) has a volatility of 1.16%. This indicates that IS0Q.DE experiences smaller price fluctuations and is considered to be less risky than UEFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Q.DE | UEFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.16% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 4.71% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 5.48% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 8.08% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 12.98% | -4.22% |
IS0Q.DE vs. UEFE.DE - Expense Ratio Comparison
IS0Q.DE has a 0.50% expense ratio, which is higher than UEFE.DE's 0.40% expense ratio.
Dividends
IS0Q.DE vs. UEFE.DE - Dividend Comparison
IS0Q.DE's dividend yield for the trailing twelve months is around 5.51%, more than UEFE.DE's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.51% | 5.61% | 5.36% | 5.07% | 4.31% | 3.54% | 4.14% | 4.58% | 4.69% | 4.55% | 4.51% | 5.13% |
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 5.37% | 5.84% | 4.97% | 4.52% | 4.68% | 4.87% | 5.10% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS0Q.DE and UEFE.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFE.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for IS0Q.DE.
IS0Q.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index, while UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond. They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for IS0Q.DE and 0.40% for UEFE.DE.
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