IS0S.DE vs. VGEM.DE
IS0S.DE (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) are both Emerging Markets Bonds funds - IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index while VGEM.DE tracks the Bloomberg EM USD Sovereign + Quasi-Sov. Both are passively managed. Over the past 5 years, IS0S.DE returned 0.54%/yr vs 3.05%/yr for VGEM.DE. A 0.56 correlation means they provide meaningful diversification when combined. IS0S.DE charges 0.50%/yr vs 0.25%/yr for VGEM.DE.
Performance
IS0S.DE vs. VGEM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS0S.DE achieves a -1.86% return, which is significantly lower than VGEM.DE's 4.89% return.
IS0S.DE
- 1D
- 0.11%
- 1M
- 1.98%
- 6M
- -2.06%
- YTD
- -1.86%
- 1Y
- -3.00%
- 3Y*
- 0.27%
- 5Y*
- 0.54%
- 10Y*
- 1.09%
VGEM.DE
- 1D
- -0.03%
- 1M
- 2.34%
- 6M
- 4.94%
- YTD
- 4.89%
- 1Y
- 11.03%
- 3Y*
- 6.71%
- 5Y*
- 3.05%
- 10Y*
- —
IS0S.DE vs. VGEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -1.86% | -5.90% | 7.58% | 1.14% | -1.88% | 3.53% | -0.48% | 11.65% | 2.34% | 2.87% |
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 IS0S.DE and VGEM.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.56 |
The correlation between IS0S.DE and VGEM.DE shifts across timeframes, from 0.54 (3 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS0S.DE vs. VGEM.DE — Risk / Return Rank
IS0S.DE
VGEM.DE
IS0S.DE vs. VGEM.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 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.
| IS0S.DE | VGEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.33 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 3.70 | -4.18 |
| Martin ratioReturn relative to average drawdown | -0.94 | 10.46 | -11.40 |
Loading charts...
Drawdowns
IS0S.DE vs. VGEM.DE - Drawdown Comparison
The maximum IS0S.DE drawdown since its inception was -30.09%, 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 IS0S.DE and VGEM.DE.
Loading charts...
Drawdown Indicators
| IS0S.DE | VGEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -19.64% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -2.97% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -11.41% | -11.92% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | -12.13% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | — | — |
Current DrawdownCurrent decline from peak | -9.65% | -0.85% | -8.80% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -5.90% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 1.05% | +2.14% |
Volatility
IS0S.DE vs. VGEM.DE - Volatility Comparison
The current volatility for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) is 1.16%, while Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) has a volatility of 1.77%. This indicates that IS0S.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.
Loading charts...
Volatility by Period
| IS0S.DE | VGEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.77% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.20% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 6.19% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 7.90% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 8.77% | +1.59% |
IS0S.DE vs. VGEM.DE - Expense Ratio Comparison
IS0S.DE has a 0.50% expense ratio, which is higher than VGEM.DE's 0.25% expense ratio.
Dividends
IS0S.DE vs. VGEM.DE - Dividend Comparison
IS0S.DE's dividend yield for the trailing twelve months is around 3.54%, less than VGEM.DE's 5.78% 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) | 3.54% | 3.49% | 2.94% | 2.89% | 2.96% | 2.30% | 3.05% | 2.44% | 2.50% | 2.19% | 2.90% | 1.15% |
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
IS0S.DE and VGEM.DE have a correlation of 0.64, 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 IS0S.DE.
IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped 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 IS0S.DE and 0.25% for VGEM.DE.
Find the right allocation for IS0S.DE and VGEM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer