IS3C.DE vs. 36B1.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds from iShares - IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, IS3C.DE returned -0.53%/yr vs 1.88%/yr for 36B1.DE. A 0.50 correlation means they provide meaningful diversification when combined. IS3C.DE charges 0.50%/yr vs 0.45%/yr for 36B1.DE.
Performance
IS3C.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3C.DE achieves a 0.51% return, which is significantly lower than 36B1.DE's 4.50% return.
IS3C.DE
- 1D
- 0.07%
- 1M
- -0.73%
- 6M
- 0.77%
- YTD
- 0.51%
- 1Y
- 7.31%
- 3Y*
- 6.39%
- 5Y*
- -0.53%
- 10Y*
- 0.58%
36B1.DE
- 1D
- 0.26%
- 1M
- 0.79%
- 6M
- 3.14%
- YTD
- 4.50%
- 1Y
- 10.75%
- 3Y*
- 7.32%
- 5Y*
- 1.88%
- 10Y*
- —
IS3C.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.51% | 11.38% | 3.94% | 7.55% | -20.58% | -3.52% | 3.22% | 12.59% | -1.99% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.50% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -3.83% | 1.34% | -1.20% |
Correlation
The correlation between IS3C.DE and 36B1.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.50 |
The correlation between IS3C.DE and 36B1.DE shifts across timeframes, from 0.32 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3C.DE vs. 36B1.DE — Risk / Return Rank
IS3C.DE
36B1.DE
IS3C.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.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.
| IS3C.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 3.73 | -2.20 |
| Martin ratioReturn relative to average drawdown | 5.86 | 10.56 | -4.70 |
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Drawdowns
IS3C.DE vs. 36B1.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, which is greater than 36B1.DE's maximum drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for IS3C.DE and 36B1.DE.
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Drawdown Indicators
| IS3C.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -22.35% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -2.87% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -12.32% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -16.23% | -14.23% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -4.26% | -1.28% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -8.65% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.02% | +0.23% |
Volatility
IS3C.DE vs. 36B1.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) is 0.98%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.29%. This indicates that IS3C.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3C.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.29% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 4.07% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 6.02% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.97% | 8.51% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 10.17% | -0.88% |
IS3C.DE vs. 36B1.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than 36B1.DE's 0.45% expense ratio.
Dividends
IS3C.DE vs. 36B1.DE - Dividend Comparison
IS3C.DE's dividend yield for the trailing twelve months is around 5.65%, which matches 36B1.DE's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.66% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 2.35% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 5.65% | 5.43% | 5.65% | 5.51% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Frequently Asked Questions
IS3C.DE and 36B1.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B1.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B1.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for IS3C.DE.
IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. Their fees differ too: 0.50% for IS3C.DE and 0.45% for 36B1.DE.
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