IS0Q.DE vs. ZPR6.DE
IS0Q.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - IS0Q.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IS0Q.DE returned 2.68%/yr vs 0.22%/yr for ZPR6.DE. At a 0.04 correlation, their price movements are largely independent. IS0Q.DE charges 0.50%/yr vs 0.47%/yr for ZPR6.DE.
Performance
IS0Q.DE vs. ZPR6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Q.DE achieves a 4.68% return, which is significantly higher than ZPR6.DE's -0.20% return.
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%
ZPR6.DE
- 1D
- -0.26%
- 1M
- -0.29%
- 6M
- -0.07%
- YTD
- -0.20%
- 1Y
- 2.24%
- 3Y*
- 3.93%
- 5Y*
- 0.22%
- 10Y*
- —
IS0Q.DE vs. ZPR6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 6.35% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | -0.20% | 5.64% | 3.09% | 3.98% | -9.09% | -1.16% | 0.67% | -0.10% |
Correlation
The correlation between IS0Q.DE and ZPR6.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.04 |
The correlation between IS0Q.DE and ZPR6.DE shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS0Q.DE vs. ZPR6.DE — Risk / Return Rank
IS0Q.DE
ZPR6.DE
IS0Q.DE vs. ZPR6.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 SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.23 | +1.75 |
| Martin ratioReturn relative to average drawdown | 8.52 | 4.89 | +3.63 |
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Drawdowns
IS0Q.DE vs. ZPR6.DE - Drawdown Comparison
The maximum IS0Q.DE drawdown since its inception was -26.03%, which is greater than ZPR6.DE's maximum drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for IS0Q.DE and ZPR6.DE.
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Drawdown Indicators
| IS0Q.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -13.49% | -12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -1.81% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -1.81% | -9.21% |
Max Drawdown (5Y)Largest decline over 5 years | -11.02% | -13.37% | +2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -23.18% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -0.71% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -4.57% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.45% | +0.60% |
Volatility
IS0Q.DE vs. ZPR6.DE - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) has a higher volatility of 1.46% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 0.59%. This indicates that IS0Q.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.59% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 2.11% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 2.48% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 4.41% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 5.10% | +3.67% |
IS0Q.DE vs. ZPR6.DE - Expense Ratio Comparison
IS0Q.DE has a 0.50% expense ratio, which is higher than ZPR6.DE's 0.47% expense ratio.
Dividends
IS0Q.DE vs. ZPR6.DE - Dividend Comparison
IS0Q.DE's dividend yield for the trailing twelve months is around 5.50%, while ZPR6.DE has not paid dividends to shareholders.
| 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% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS0Q.DE and ZPR6.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR6.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR6.DE is cheaper with a 0.47% expense ratio, compared with 0.50% for IS0Q.DE.
IS0Q.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index, while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for IS0Q.DE and 0.47% for ZPR6.DE.
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