IS3C.DE vs. SNAZ.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds from iShares - IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, IS3C.DE returned -0.53%/yr vs -0.19%/yr for SNAZ.DE. A 0.65 correlation means they provide meaningful diversification when combined. IS3C.DE charges 0.50%/yr vs 0.53%/yr for SNAZ.DE.
Performance
IS3C.DE vs. SNAZ.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 SNAZ.DE's 0.59% 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%
SNAZ.DE
- 1D
- 0.39%
- 1M
- -0.19%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.64%
- 3Y*
- 4.79%
- 5Y*
- -0.19%
- 10Y*
- —
IS3C.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 2.75% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
Correlation
The correlation between IS3C.DE and SNAZ.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.65 |
The correlation between IS3C.DE and SNAZ.DE shifts across timeframes, from 0.56 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3C.DE vs. SNAZ.DE — Risk / Return Rank
IS3C.DE
SNAZ.DE
IS3C.DE vs. SNAZ.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 $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.25 | +0.28 |
| Martin ratioReturn relative to average drawdown | 5.86 | 4.53 | +1.32 |
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Drawdowns
IS3C.DE vs. SNAZ.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, which is greater than SNAZ.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for IS3C.DE and SNAZ.DE.
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Drawdown Indicators
| IS3C.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -21.88% | -8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -2.91% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -3.82% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -21.88% | -8.58% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -4.26% | -1.73% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -7.60% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.80% | +0.45% |
Volatility
IS3C.DE vs. SNAZ.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 $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) has a volatility of 1.09%. This indicates that IS3C.DE experiences smaller price fluctuations and is considered to be less risky than SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.09% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 2.81% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 3.45% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.97% | 5.07% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 7.63% | +1.66% |
IS3C.DE vs. SNAZ.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
IS3C.DE vs. SNAZ.DE - Dividend Comparison
IS3C.DE's dividend yield for the trailing twelve months is around 5.65%, while SNAZ.DE has not 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) | 5.65% | 5.43% | 5.65% | 5.51% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
SNAZ.DE iShares J.P. Morgan $ EM Corp 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% |
Frequently Asked Questions
IS3C.DE and SNAZ.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3C.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3C.DE is cheaper with a 0.50% expense ratio, compared with 0.53% for SNAZ.DE.
IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Their fees differ too: 0.50% for IS3C.DE and 0.53% for SNAZ.DE.
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