IUSP.DE vs. EMA5.DE
IUSP.DE (iShares US Property Yield UCITS ETF) and EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both Emerging Markets Bonds funds - IUSP.DE tracks the JPM GBI-EM Global Diversified TR USD while EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. Both are passively managed. Over the past 5 years, IUSP.DE returned 2.97%/yr vs 3.38%/yr for EMA5.DE. At a 0.43 correlation, their price movements are largely independent. IUSP.DE charges 0.40%/yr vs 0.25%/yr for EMA5.DE.
Performance
IUSP.DE vs. EMA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSP.DE achieves a -0.08% return, which is significantly lower than EMA5.DE's 2.33% return.
IUSP.DE
- 1D
- -0.57%
- 1M
- 1.60%
- YTD
- -0.08%
- 6M
- -0.09%
- 1Y
- 5.25%
- 3Y*
- 4.80%
- 5Y*
- 2.97%
- 10Y*
- 2.78%
EMA5.DE
- 1D
- -0.04%
- 1M
- 1.09%
- YTD
- 2.33%
- 6M
- 2.03%
- 1Y
- 4.26%
- 3Y*
- 5.12%
- 5Y*
- 3.38%
- 10Y*
- —
IUSP.DE vs. EMA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IUSP.DE iShares US Property Yield UCITS ETF | -0.08% | 6.45% | 4.79% | 9.50% | -3.59% | -2.39% | -0.31% |
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | -5.07% | 7.86% | -1.26% |
Correlation
The correlation between IUSP.DE and EMA5.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.43 |
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Return for Risk
IUSP.DE vs. EMA5.DE — Risk / Return Rank
IUSP.DE
EMA5.DE
IUSP.DE vs. EMA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Property Yield UCITS ETF (IUSP.DE) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.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.
| IUSP.DE | EMA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.38 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.19 | 3.47 | -0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSP.DE | EMA5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.72 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.47 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.47 | -0.34 |
Drawdowns
IUSP.DE vs. EMA5.DE - Drawdown Comparison
The maximum IUSP.DE drawdown since its inception was -26.42%, which is greater than EMA5.DE's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for IUSP.DE and EMA5.DE.
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Drawdown Indicators
| IUSP.DE | EMA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.42% | -10.01% | -16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -3.06% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.04% | -10.01% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -9.18% | -10.01% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -19.74% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -3.17% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -3.55% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.22% | +0.43% |
Volatility
IUSP.DE vs. EMA5.DE - Volatility Comparison
The current volatility for iShares US Property Yield UCITS ETF (IUSP.DE) is 1.71%, while L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a volatility of 2.25%. This indicates that IUSP.DE experiences smaller price fluctuations and is considered to be less risky than EMA5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSP.DE | EMA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 2.25% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 4.23% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 5.86% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 7.07% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 6.94% | +1.62% |
IUSP.DE vs. EMA5.DE - Expense Ratio Comparison
IUSP.DE has a 0.40% expense ratio, which is higher than EMA5.DE's 0.25% expense ratio.
Dividends
IUSP.DE vs. EMA5.DE - Dividend Comparison
IUSP.DE's dividend yield for the trailing twelve months is around 5.43%, more than EMA5.DE's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 4.59% | 5.61% | 5.39% | 4.22% | 2.89% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSP.DE iShares US Property Yield UCITS ETF | 5.43% | 7.21% | 7.03% | 6.58% | 7.55% | 5.13% | 6.21% | 6.11% | 6.67% | 6.42% | 6.34% | 4.38% |
Frequently Asked Questions
IUSP.DE and EMA5.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for IUSP.DE.
IUSP.DE tracks JPM GBI-EM Global Diversified TR USD, while EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.40% for IUSP.DE and 0.25% for EMA5.DE.
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