IS0S.DE vs. EMA5.DE
IS0S.DE (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both Emerging Markets Bonds funds - IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index while EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. Both are passively managed. Over the past 5 years, IS0S.DE returned 0.14%/yr vs 3.31%/yr for EMA5.DE. A 0.60 correlation means they provide meaningful diversification when combined. IS0S.DE charges 0.50%/yr vs 0.25%/yr for EMA5.DE.
Performance
IS0S.DE vs. EMA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0S.DE achieves a -3.63% return, which is significantly lower than EMA5.DE's 3.09% return.
IS0S.DE
- 1D
- -0.01%
- 1M
- 0.42%
- 6M
- -2.57%
- YTD
- -3.63%
- 1Y
- -5.43%
- 3Y*
- 0.01%
- 5Y*
- 0.14%
- 10Y*
- 0.69%
EMA5.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 1.55%
- YTD
- 3.09%
- 1Y
- 6.28%
- 3Y*
- 6.86%
- 5Y*
- 3.31%
- 10Y*
- —
IS0S.DE vs. EMA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -3.63% | -5.90% | 7.58% | 1.14% | -1.88% | 3.53% | -0.68% |
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 3.09% | -2.08% | 14.60% | 4.24% | -4.92% | 8.07% | -0.83% |
Correlation
The correlation between IS0S.DE and EMA5.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.60 |
The correlation between IS0S.DE and EMA5.DE has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
IS0S.DE vs. EMA5.DE — Risk / Return Rank
IS0S.DE
EMA5.DE
IS0S.DE vs. EMA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.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.
| IS0S.DE | EMA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.17 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.20 | -2.89 |
| Martin ratioReturn relative to average drawdown | -1.24 | 5.73 | -6.98 |
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Drawdowns
IS0S.DE vs. EMA5.DE - Drawdown Comparison
The maximum IS0S.DE drawdown since its inception was -30.09%, which is greater than EMA5.DE's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for IS0S.DE and EMA5.DE.
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Drawdown Indicators
| IS0S.DE | EMA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -10.01% | -20.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -2.87% | -4.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -10.01% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -12.92% | -10.01% | -2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | — | — |
Current DrawdownCurrent decline from peak | -11.28% | -2.45% | -8.83% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -3.33% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 1.10% | +3.26% |
Volatility
IS0S.DE vs. EMA5.DE - Volatility Comparison
The current volatility for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) is 1.23%, while L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a volatility of 2.97%. This indicates that IS0S.DE experiences smaller price fluctuations and is considered to be less risky than EMA5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0S.DE | EMA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.97% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 5.43% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 6.74% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 7.21% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 7.05% | +3.31% |
IS0S.DE vs. EMA5.DE - Expense Ratio Comparison
IS0S.DE has a 0.50% expense ratio, which is higher than EMA5.DE's 0.25% expense ratio.
Dividends
IS0S.DE vs. EMA5.DE - Dividend Comparison
IS0S.DE's dividend yield for the trailing twelve months is around 1.78%, less than EMA5.DE's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.44% | 6.10% | 5.86% | 4.63% | 3.06% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.78% | 3.49% | 2.94% | 2.89% | 2.96% | 2.30% | 3.05% | 2.44% | 2.50% | 2.19% | 2.90% | 1.15% |
Frequently Asked Questions
IS0S.DE and EMA5.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IS0S.DE.
IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index, while EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.50% for IS0S.DE and 0.25% for EMA5.DE.
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