IS0Q.DE vs. VGEM.DE
IS0Q.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - IS0Q.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index while VGEM.DE tracks the Bloomberg EM USD Sovereign + Quasi-Sov. Both are passively managed. Over the past 5 years, IS0Q.DE returned 2.68%/yr vs 3.05%/yr for VGEM.DE. A 0.76 correlation means they provide meaningful diversification when combined. IS0Q.DE charges 0.50%/yr vs 0.25%/yr for VGEM.DE.
Performance
IS0Q.DE vs. VGEM.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 4.68% return and VGEM.DE slightly higher at 4.89%.
IS0Q.DE
- 1D
- 0.09%
- 1M
- 1.94%
- 6M
- 4.52%
- YTD
- 4.68%
- 1Y
- 8.96%
- 3Y*
- 5.37%
- 5Y*
- 2.68%
- 10Y*
- 3.24%
VGEM.DE
- 1D
- -0.03%
- 1M
- 2.34%
- 6M
- 4.94%
- YTD
- 4.89%
- 1Y
- 11.03%
- 3Y*
- 6.71%
- 5Y*
- 3.05%
- 10Y*
- —
IS0Q.DE vs. VGEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 4.68% | -3.70% | 12.34% | 4.23% | -6.55% | 7.84% | -2.78% | 16.71% | 1.69% | -0.96% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 4.89% | -0.84% | 12.54% | 5.71% | -10.03% | 6.47% | -3.40% | 16.11% | 1.51% | -2.67% |
Correlation
The correlation between IS0Q.DE and VGEM.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.76 |
The correlation between IS0Q.DE and VGEM.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
IS0Q.DE vs. VGEM.DE — Risk / Return Rank
IS0Q.DE
VGEM.DE
IS0Q.DE vs. VGEM.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 Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.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 | VGEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.70 | -0.72 |
| Martin ratioReturn relative to average drawdown | 8.52 | 10.46 | -1.94 |
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Drawdowns
IS0Q.DE vs. VGEM.DE - Drawdown Comparison
The maximum IS0Q.DE drawdown since its inception was -26.03%, which is greater than VGEM.DE's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for IS0Q.DE and VGEM.DE.
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Drawdown Indicators
| IS0Q.DE | VGEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -19.64% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.97% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -11.92% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -11.02% | -12.13% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -23.18% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -0.85% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -5.90% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.05% | 0.00% |
Volatility
IS0Q.DE vs. VGEM.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) is 1.46%, while Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) has a volatility of 1.77%. This indicates that IS0Q.DE experiences smaller price fluctuations and is considered to be less risky than VGEM.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 | VGEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.77% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 4.20% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 6.19% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 7.90% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 8.77% | 0.00% |
IS0Q.DE vs. VGEM.DE - Expense Ratio Comparison
IS0Q.DE has a 0.50% expense ratio, which is higher than VGEM.DE's 0.25% expense ratio.
Dividends
IS0Q.DE vs. VGEM.DE - Dividend Comparison
IS0Q.DE's dividend yield for the trailing twelve months is around 5.50%, less than VGEM.DE's 5.78% 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) | 5.50% | 5.61% | 5.36% | 5.07% | 4.31% | 3.54% | 4.14% | 4.58% | 4.69% | 4.55% | 4.51% | 5.13% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.78% | 6.30% | 5.65% | 5.56% | 5.08% | 3.73% | 4.53% | 4.32% | 4.51% | 0.80% | 0.00% | 0.00% |
Frequently Asked Questions
IS0Q.DE and VGEM.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEM.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IS0Q.DE.
IS0Q.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index, while VGEM.DE tracks Bloomberg EM USD Sovereign + Quasi-Sov. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for IS0Q.DE and 0.25% for VGEM.DE.
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