IS3C.DE vs. EMIE.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and EMIE.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while EMIE.DE tracks the JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IS3C.DE returned -3.40%/yr vs -2.28%/yr for EMIE.DE. A 0.80 correlation means they provide meaningful diversification when combined. IS3C.DE charges 0.50%/yr vs 0.43%/yr for EMIE.DE.
Performance
IS3C.DE vs. EMIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3C.DE achieves a -1.63% return, which is significantly lower than EMIE.DE's -0.43% return.
IS3C.DE
- 1D
- 0.23%
- 1M
- -0.36%
- YTD
- -1.63%
- 6M
- -1.68%
- 1Y
- 2.88%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
EMIE.DE
- 1D
- 0.18%
- 1M
- -0.30%
- YTD
- -0.43%
- 6M
- -0.37%
- 1Y
- 4.03%
- 3Y*
- 2.76%
- 5Y*
- -2.28%
- 10Y*
- —
IS3C.DE vs. EMIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 3.22% | 1.85% |
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc | -0.43% | 7.05% | -0.36% | 3.88% | -19.72% | -2.93% | 6.95% | 2.47% |
Correlation
The correlation between IS3C.DE and EMIE.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019 | 0.80 |
The correlation between IS3C.DE and EMIE.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
IS3C.DE vs. EMIE.DE — Risk / Return Rank
IS3C.DE
EMIE.DE
IS3C.DE vs. EMIE.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 UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.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.
| IS3C.DE | EMIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.12 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.52 | 3.63 | -2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS3C.DE | EMIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.07 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.34 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.11 | +0.11 |
Drawdowns
IS3C.DE vs. EMIE.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, which is greater than EMIE.DE's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for IS3C.DE and EMIE.DE.
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Drawdown Indicators
| IS3C.DE | EMIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -26.98% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -3.53% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -6.97% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -30.47% | -25.83% | -4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -14.02% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -12.69% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.09% | +0.70% |
Volatility
IS3C.DE vs. EMIE.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a higher volatility of 2.10% compared to UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) at 1.28%. This indicates that IS3C.DE's price experiences larger fluctuations and is considered to be riskier than EMIE.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 | EMIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 1.28% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 2.83% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 3.73% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 6.67% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 7.95% | +1.35% |
IS3C.DE vs. EMIE.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than EMIE.DE's 0.43% expense ratio.
Dividends
IS3C.DE vs. EMIE.DE - Dividend Comparison
Neither IS3C.DE nor EMIE.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified 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% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Frequently Asked Questions
IS3C.DE and EMIE.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIE.DE is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIE.DE is cheaper with a 0.43% expense ratio, compared with 0.50% for IS3C.DE.
IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while EMIE.DE tracks JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for IS3C.DE and 0.43% for EMIE.DE.
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