IUS7.DE vs. GASF.DE
IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and GASF.DE (Goldman Sachs Access China Government Bond UCITS ETF USD Inc) are both Emerging Markets Bonds funds - IUS7.DE tracks the JP Morgan EMBI Global Core while GASF.DE tracks the FTSE Goldman Sachs China Government Bond Index. Both are passively managed. Over the past 5 years, IUS7.DE returned 2.45%/yr vs 3.52%/yr for GASF.DE. At a 0.41 correlation, their price movements are largely independent. IUS7.DE charges 0.45%/yr vs 0.24%/yr for GASF.DE.
Performance
IUS7.DE vs. GASF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUS7.DE achieves a 4.85% return, which is significantly lower than GASF.DE's 7.95% return.
IUS7.DE
- 1D
- 0.16%
- 1M
- 0.76%
- 6M
- 4.15%
- YTD
- 4.85%
- 1Y
- 11.77%
- 3Y*
- 8.16%
- 5Y*
- 2.45%
- 10Y*
- 2.59%
GASF.DE
- 1D
- 0.06%
- 1M
- 1.40%
- 6M
- 6.61%
- YTD
- 7.95%
- 1Y
- 8.98%
- 3Y*
- 5.09%
- 5Y*
- 3.52%
- 10Y*
- —
IUS7.DE vs. GASF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 4.85% | 1.15% | 11.75% | 6.76% | -13.15% | 5.75% | -4.03% | 2.06% |
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 7.95% | -6.82% | 10.85% | -2.28% | 0.91% | 16.54% | -0.76% | -8.22% |
Correlation
The correlation between IUS7.DE and GASF.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.41 |
The correlation between IUS7.DE and GASF.DE shifts across timeframes, from 0.39 (5 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUS7.DE vs. GASF.DE — Risk / Return Rank
IUS7.DE
GASF.DE
IUS7.DE vs. GASF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) and Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.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.
| IUS7.DE | GASF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.84 | +0.95 |
| Martin ratioReturn relative to average drawdown | 11.14 | 8.54 | +2.60 |
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Drawdowns
IUS7.DE vs. GASF.DE - Drawdown Comparison
The maximum IUS7.DE drawdown since its inception was -27.13%, which is greater than GASF.DE's maximum drawdown of -13.75%. Use the drawdown chart below to compare losses from any high point for IUS7.DE and GASF.DE.
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Drawdown Indicators
| IUS7.DE | GASF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.13% | -13.75% | -13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.40% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -11.00% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -13.75% | -2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.53% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -6.06% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.12% | -0.07% |
Volatility
IUS7.DE vs. GASF.DE - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) and Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) have volatilities of 1.55% and 1.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS7.DE | GASF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.48% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 3.45% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 5.35% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 6.68% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 7.71% | +3.29% |
IUS7.DE vs. GASF.DE - Expense Ratio Comparison
IUS7.DE has a 0.45% expense ratio, which is higher than GASF.DE's 0.24% expense ratio.
Dividends
IUS7.DE vs. GASF.DE - Dividend Comparison
IUS7.DE's dividend yield for the trailing twelve months is around 5.65%, more than GASF.DE's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 1.98% | 2.36% | 2.35% | 2.63% | 2.73% | 2.40% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.65% | 6.10% | 5.62% | 5.77% | 5.63% | 3.81% | 4.18% | 4.73% | 4.70% | 5.11% | 5.30% | 4.71% |
Frequently Asked Questions
IUS7.DE and GASF.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GASF.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GASF.DE is cheaper with a 0.24% expense ratio, compared with 0.45% for IUS7.DE.
IUS7.DE tracks JP Morgan EMBI Global Core, while GASF.DE tracks FTSE Goldman Sachs China Government Bond Index. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.45% for IUS7.DE and 0.24% for GASF.DE.
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