IUS7.DE vs. VWOB
IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both Emerging Markets Bonds funds - IUS7.DE tracks the JP Morgan EMBI Global Core while VWOB tracks the Bloomberg USD Emerging Markets Government RIC Capped Index. Both are passively managed. Over the past 10 years, IUS7.DE returned 3.00%/yr vs 3.21%/yr for VWOB. A 0.73 correlation means they provide meaningful diversification when combined. IUS7.DE charges 0.45%/yr vs 0.15%/yr for VWOB.
Performance
IUS7.DE vs. VWOB - Performance Comparison
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Different Trading Currencies
IUS7.DE is traded in EUR, while VWOB is traded in USD. To make them comparable, the VWOB values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IUS7.DE having a 5.73% return and VWOB slightly lower at 5.67%. Over the past 10 years, IUS7.DE has underperformed VWOB with an annualized return of 3.00%, while VWOB has yielded a comparatively higher 3.21% annualized return.
IUS7.DE
- 1D
- -0.20%
- 1M
- 3.71%
- YTD
- 5.73%
- 6M
- 6.32%
- 1Y
- 13.21%
- 3Y*
- 7.86%
- 5Y*
- 2.96%
- 10Y*
- 3.00%
VWOB
- 1D
- -0.07%
- 1M
- 3.82%
- YTD
- 5.67%
- 6M
- 5.70%
- 1Y
- 12.74%
- 3Y*
- 7.51%
- 5Y*
- 3.19%
- 10Y*
- 3.21%
IUS7.DE vs. VWOB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.73% | 1.15% | 11.75% | 6.76% | -13.15% | 5.75% | -4.03% | 18.80% | -1.17% | -3.38% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.67% | 0.03% | 12.15% | 7.36% | -12.27% | 5.54% | -3.06% | 17.05% | 1.63% | -4.91% |
Correlation
The correlation between IUS7.DE and VWOB 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 | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.73 |
The correlation between IUS7.DE and VWOB has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
IUS7.DE vs. VWOB — Risk / Return Rank
IUS7.DE
VWOB
IUS7.DE vs. VWOB - 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 Vanguard Emerging Markets Government Bond ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.78 | +0.47 |
| Martin ratioReturn relative to average drawdown | 12.67 | 12.65 | +0.03 |
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Drawdowns
IUS7.DE vs. VWOB - Drawdown Comparison
The maximum IUS7.DE drawdown since its inception was -27.13%, roughly equal to the maximum VWOB drawdown of -25.90%. Use the drawdown chart below to compare losses from any high point for IUS7.DE and VWOB.
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Drawdown Indicators
| IUS7.DE | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.13% | -25.90% | -1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.39% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -12.92% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -14.21% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | -25.90% | -1.23% |
Current DrawdownCurrent decline from peak | -0.20% | -0.07% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -6.32% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.01% | +0.03% |
Volatility
IUS7.DE vs. VWOB - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) and Vanguard Emerging Markets Government Bond ETF (VWOB) have volatilities of 1.37% and 1.31%, 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 | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.31% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 4.77% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.20% | 6.40% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 9.41% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 10.19% | +0.82% |
IUS7.DE vs. VWOB - Expense Ratio Comparison
IUS7.DE has a 0.45% expense ratio, which is higher than VWOB's 0.15% expense ratio.
Dividends
IUS7.DE vs. VWOB - Dividend Comparison
IUS7.DE's dividend yield for the trailing twelve months is around 5.61%, less than VWOB's 5.81% yield.
| 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) | 5.61% | 6.10% | 5.62% | 5.77% | 5.63% | 3.81% | 4.18% | 4.73% | 4.70% | 5.11% | 5.30% | 4.71% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.81% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
IUS7.DE and VWOB 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, VWOB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWOB is cheaper with a 0.15% expense ratio, compared with 0.45% for IUS7.DE.
IUS7.DE tracks JP Morgan EMBI Global Core, while VWOB tracks Bloomberg USD Emerging Markets Government RIC Capped Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.45% for IUS7.DE and 0.15% for VWOB.
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