IUS7.DE vs. SNAZ.DE
IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond 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 - IUS7.DE tracks the JP Morgan EMBI Global Core while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, IUS7.DE returned 2.45%/yr vs -0.19%/yr for SNAZ.DE. At a 0.38 correlation, their price movements are largely independent. IUS7.DE charges 0.45%/yr vs 0.53%/yr for SNAZ.DE.
Performance
IUS7.DE vs. SNAZ.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 higher than SNAZ.DE's 0.59% 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%
SNAZ.DE
- 1D
- 0.20%
- 1M
- 0.00%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.85%
- 3Y*
- 4.86%
- 5Y*
- -0.19%
- 10Y*
- —
IUS7.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | -3.79% |
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 IUS7.DE and SNAZ.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.38 |
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Return for Risk
IUS7.DE vs. SNAZ.DE — Risk / Return Rank
IUS7.DE
SNAZ.DE
IUS7.DE vs. SNAZ.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 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.
| IUS7.DE | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.32 | +2.47 |
| Martin ratioReturn relative to average drawdown | 11.14 | 4.83 | +6.31 |
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Drawdowns
IUS7.DE vs. SNAZ.DE - Drawdown Comparison
The maximum IUS7.DE drawdown since its inception was -27.13%, 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 IUS7.DE and SNAZ.DE.
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Drawdown Indicators
| IUS7.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.13% | -21.88% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.91% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -3.82% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -21.88% | +5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.73% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -7.61% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.80% | +0.25% |
Volatility
IUS7.DE vs. SNAZ.DE - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) has a higher volatility of 1.55% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 0.98%. This indicates that IUS7.DE's price experiences larger fluctuations and is considered to be riskier 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
| IUS7.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.98% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 2.77% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 3.40% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 5.06% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 7.63% | +3.37% |
IUS7.DE vs. SNAZ.DE - Expense Ratio Comparison
IUS7.DE has a 0.45% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
IUS7.DE vs. SNAZ.DE - Dividend Comparison
IUS7.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
IUS7.DE and SNAZ.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUS7.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS7.DE is cheaper with a 0.45% expense ratio, compared with 0.53% for SNAZ.DE.
IUS7.DE tracks JP Morgan EMBI Global Core, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Their fees differ too: 0.45% for IUS7.DE and 0.53% for SNAZ.DE.
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