IS3M.DE vs. EM1C.DE
IS3M.DE (iShares € Ultrashort Bond UCITS ETF) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both exchange-traded funds - IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while EM1C.DE is a Emerging Markets Bonds fund tracking the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, IS3M.DE returned 2.11%/yr vs 2.56%/yr for EM1C.DE. At a 0.05 correlation, their price movements are largely independent. IS3M.DE charges 0.09%/yr vs 0.30%/yr for EM1C.DE.
Performance
IS3M.DE vs. EM1C.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS3M.DE achieves a 1.00% return, which is significantly lower than EM1C.DE's 4.70% return.
IS3M.DE
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 1.00%
- 6M
- 0.96%
- 1Y
- 2.16%
- 3Y*
- 3.30%
- 5Y*
- 2.11%
- 10Y*
- 1.03%
EM1C.DE
- 1D
- 0.31%
- 1M
- 2.78%
- YTD
- 4.70%
- 6M
- 5.14%
- 1Y
- 10.45%
- 3Y*
- 4.89%
- 5Y*
- 2.56%
- 10Y*
- —
IS3M.DE vs. EM1C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 1.00% | 2.60% | 4.13% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.05% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.70% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 12.06% | -4.26% | -10.33% |
Correlation
The correlation between IS3M.DE and EM1C.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2017 | 0.05 |
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
IS3M.DE vs. EM1C.DE — Risk / Return Rank
IS3M.DE
EM1C.DE
IS3M.DE vs. EM1C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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.
| IS3M.DE | EM1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.39 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 7.25 | 3.04 | +4.22 |
| Martin ratioReturn relative to average drawdown | 45.99 | 10.21 | +35.78 |
Loading charts...
Drawdowns
IS3M.DE vs. EM1C.DE - Drawdown Comparison
The maximum IS3M.DE drawdown since its inception was -3.80%, smaller than the maximum EM1C.DE drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for IS3M.DE and EM1C.DE.
Loading charts...
Drawdown Indicators
| IS3M.DE | EM1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.80% | -23.47% | +19.67% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -3.43% | +3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -0.47% | -7.21% | +6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -1.18% | -8.70% | +7.52% |
Max Drawdown (10Y)Largest decline over 10 years | -3.80% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.75% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -13.90% | +13.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.02% | -0.97% |
Volatility
IS3M.DE vs. EM1C.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) is 0.34%, while VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a volatility of 1.32%. This indicates that IS3M.DE experiences smaller price fluctuations and is considered to be less risky than EM1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS3M.DE | EM1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 1.32% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 4.27% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.77% | 5.09% | -4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.77% | 7.05% | -6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 10.13% | -9.02% |
IS3M.DE vs. EM1C.DE - Expense Ratio Comparison
IS3M.DE has a 0.09% expense ratio, which is lower than EM1C.DE's 0.30% expense ratio.
Dividends
IS3M.DE vs. EM1C.DE - Dividend Comparison
IS3M.DE's dividend yield for the trailing twelve months is around 2.33%, while EM1C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
IS3M.DE and EM1C.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.30% for EM1C.DE.
IS3M.DE is categorized as Ultrashort Bond, while EM1C.DE is Emerging Markets Bonds. IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.09% for IS3M.DE and 0.30% for EM1C.DE.
Find the right allocation for IS3M.DE and EM1C.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