IS0S.DE vs. UEFE.DE
IS0S.DE (iShares Emerging Asia Local Govt 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 - IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped 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, IS0S.DE returned 0.14%/yr vs 3.28%/yr for UEFE.DE. A 0.55 correlation means they provide meaningful diversification when combined. IS0S.DE charges 0.50%/yr vs 0.40%/yr for UEFE.DE.
Performance
IS0S.DE vs. UEFE.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 UEFE.DE's 4.68% 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%
UEFE.DE
- 1D
- -0.26%
- 1M
- 0.17%
- 6M
- 2.36%
- YTD
- 4.68%
- 1Y
- 10.66%
- 3Y*
- 6.54%
- 5Y*
- 3.28%
- 10Y*
- —
IS0S.DE vs. UEFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -3.63% | -5.90% | 7.58% | 1.14% | -1.88% | 3.53% | -0.48% | 11.65% | 3.76% |
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 IS0S.DE and UEFE.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.55 |
The correlation between IS0S.DE and UEFE.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
IS0S.DE vs. UEFE.DE — Risk / Return Rank
IS0S.DE
UEFE.DE
IS0S.DE vs. UEFE.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 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.
| IS0S.DE | UEFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.15 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.72 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.24 | 9.53 | -10.78 |
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Drawdowns
IS0S.DE vs. UEFE.DE - Drawdown Comparison
The maximum IS0S.DE drawdown since its inception was -30.09%, 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 IS0S.DE and UEFE.DE.
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Drawdown Indicators
| IS0S.DE | UEFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -23.70% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -3.90% | -3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -7.95% | -4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -12.92% | -12.90% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | — | — |
Current DrawdownCurrent decline from peak | -11.28% | -0.68% | -10.60% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -8.52% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 1.12% | +3.24% |
Volatility
IS0S.DE vs. UEFE.DE - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) has a higher volatility of 1.23% compared to UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) at 1.16%. This indicates that IS0S.DE's price experiences larger fluctuations and is considered to be riskier 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
| IS0S.DE | UEFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.16% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 4.71% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.48% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 8.08% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 12.98% | -2.62% |
IS0S.DE vs. UEFE.DE - Expense Ratio Comparison
IS0S.DE has a 0.50% expense ratio, which is higher than UEFE.DE's 0.40% expense ratio.
Dividends
IS0S.DE vs. UEFE.DE - Dividend Comparison
IS0S.DE's dividend yield for the trailing twelve months is around 1.78%, less than UEFE.DE's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
IS0S.DE and UEFE.DE have a correlation of 0.61, 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 IS0S.DE.
IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped 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 IS0S.DE and 0.40% for UEFE.DE.
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