IS3C.DE vs. SEAB.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and SEAB.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while SEAB.DE tracks the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). Both are passively managed. Over the past 5 years, IS3C.DE returned -3.40%/yr vs 0.91%/yr for SEAB.DE. A 0.71 correlation means they provide meaningful diversification when combined. IS3C.DE charges 0.50%/yr vs 0.38%/yr for SEAB.DE.
Performance
IS3C.DE vs. SEAB.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 SEAB.DE's 1.46% return.
IS3C.DE
- 1D
- 0.23%
- 1M
- 0.40%
- YTD
- -1.63%
- 6M
- -1.60%
- 1Y
- 2.73%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
SEAB.DE
- 1D
- 0.01%
- 1M
- 0.33%
- YTD
- 1.46%
- 6M
- 1.85%
- 1Y
- 6.04%
- 3Y*
- 6.47%
- 5Y*
- 0.91%
- 10Y*
- —
IS3C.DE vs. SEAB.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) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 3.22% | 12.58% | -5.56% |
SEAB.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc | 1.46% | 7.70% | 5.52% | 5.69% | -12.28% | -0.75% | 1.22% | 4.80% | -2.51% |
Correlation
The correlation between IS3C.DE and SEAB.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.71 |
The correlation between IS3C.DE and SEAB.DE has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
IS3C.DE vs. SEAB.DE — Risk / Return Rank
IS3C.DE
SEAB.DE
IS3C.DE vs. SEAB.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 Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.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 | SEAB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.46 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 2.88 | -2.40 |
| Martin ratioReturn relative to average drawdown | 1.52 | 12.50 | -10.98 |
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 | SEAB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 2.28 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.20 | -0.58 |
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 | 0.22 | -0.22 |
Drawdowns
IS3C.DE vs. SEAB.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, which is greater than SEAB.DE's maximum drawdown of -18.05%. Use the drawdown chart below to compare losses from any high point for IS3C.DE and SEAB.DE.
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Drawdown Indicators
| IS3C.DE | SEAB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -18.05% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -2.09% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -2.41% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -30.47% | -18.05% | -12.42% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -0.11% | -17.79% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -4.83% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 0.48% | +1.31% |
Volatility
IS3C.DE vs. SEAB.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 Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.DE) at 0.79%. This indicates that IS3C.DE's price experiences larger fluctuations and is considered to be riskier than SEAB.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 | SEAB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.79% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 2.19% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 2.64% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 4.44% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 5.13% | +4.17% |
IS3C.DE vs. SEAB.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than SEAB.DE's 0.38% expense ratio.
Dividends
IS3C.DE vs. SEAB.DE - Dividend Comparison
Neither IS3C.DE nor SEAB.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEAB.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 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% |
Frequently Asked Questions
IS3C.DE and SEAB.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAB.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAB.DE is cheaper with a 0.38% expense ratio, compared with 0.50% for IS3C.DE.
IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while SEAB.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for IS3C.DE and 0.38% for SEAB.DE.
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