SEAB.DE vs. SPFA.DE

Last updated Jun 5, 2026

SEAB.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc) and SPFA.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - SEAB.DE tracks the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged) while SPFA.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 5 years, SEAB.DE returned 0.91%/yr vs 1.46%/yr for SPFA.DE. At a 0.30 correlation, their price movements are largely independent. SEAB.DE charges 0.38%/yr vs 0.55%/yr for SPFA.DE.

Performance

SEAB.DE vs. SPFA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.DE) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEAB.DE achieves a 1.46% return, which is significantly higher than SPFA.DE's 0.46% return.

SEAB.DE

• 1D: 0.01%
• 1M: 0.15%
• YTD: 1.46%
• 6M: 1.85%
• 1Y: 6.07%
• 3Y*: 6.47%
• 5Y*: 0.91%
• 10Y*: —

SPFA.DE

• 1D: -0.01%
• 1M: -0.34%
• YTD: 0.46%
• 6M: 0.39%
• 1Y: 3.12%
• 3Y*: 2.58%
• 5Y*: 1.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEAB.DE vs. SPFA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SEAB.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc	1.46%	7.70%	5.52%	5.69%	-12.28%	-0.75%	1.22%	4.80%	-1.38%
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF	0.46%	2.44%	3.19%	5.66%	-4.47%	-1.04%	-5.66%	14.72%	0.62%

Correlation

The correlation between SEAB.DE and SPFA.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018	0.30

Return for Risk

SEAB.DE vs. SPFA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEAB.DE

SEAB.DE Risk / Return Rank: 72
SEAB.DE Sharpe Ratio Rank: 71
SEAB.DE Sortino Ratio Rank: 84
SEAB.DE Omega Ratio Rank: 79
SEAB.DE Calmar Ratio Rank: 59
SEAB.DE Martin Ratio Rank: 69

SPFA.DE

SPFA.DE Risk / Return Rank: 20
SPFA.DE Sharpe Ratio Rank: 20
SPFA.DE Sortino Ratio Rank: 19
SPFA.DE Omega Ratio Rank: 19
SPFA.DE Calmar Ratio Rank: 20
SPFA.DE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEAB.DE vs. SPFA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.DE) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.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.

	SEAB.DE	SPFA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	0.62	+1.66
Sortino ratio: Return per unit of downside risk	3.70	0.96	+2.75
Omega ratio: Gain probability vs. loss probability	1.46	1.11	+0.35
Calmar ratio: Return relative to maximum drawdown	2.88	0.83	+2.05
Martin ratio: Return relative to average drawdown	12.50	2.62	+9.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEAB.DE vs. SPFA.DE - Sharpe Ratio Comparison

The current SEAB.DE Sharpe Ratio is 2.28, which is higher than the SPFA.DE Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of SEAB.DE and SPFA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEAB.DE	SPFA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	0.62	+1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.23	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.26	-0.04

Drawdowns

SEAB.DE vs. SPFA.DE - Drawdown Comparison

The maximum SEAB.DE drawdown since its inception was -18.05%, which is greater than SPFA.DE's maximum drawdown of -16.39%. Use the drawdown chart below to compare losses from any high point for SEAB.DE and SPFA.DE.

Drawdown Indicators

	SEAB.DE	SPFA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-18.05%	-16.39%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.09%	-3.96%	+1.87%
Max Drawdown (3Y) Largest decline over 3 years	-2.41%	-7.66%	+5.25%
Max Drawdown (5Y) Largest decline over 5 years	-18.05%	-8.51%	-9.54%
Current Drawdown Current decline from peak	-0.11%	-3.19%	+3.08%
Average Drawdown Average peak-to-trough decline	-4.83%	-7.62%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	1.26%	-0.78%

Volatility

SEAB.DE vs. SPFA.DE - Volatility Comparison

The current volatility for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.DE) is 0.79%, while SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE) has a volatility of 1.83%. This indicates that SEAB.DE experiences smaller price fluctuations and is considered to be less risky than SPFA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEAB.DE	SPFA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	1.83%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	2.19%	4.51%	-2.32%
Volatility (1Y) Calculated over the trailing 1-year period	2.64%	5.31%	-2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.44%	6.24%	-1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.13%	7.05%	-1.92%

SEAB.DE vs. SPFA.DE - Expense Ratio Comparison

SEAB.DE has a 0.38% expense ratio, which is lower than SPFA.DE's 0.55% expense ratio.

Dividends

SEAB.DE vs. SPFA.DE - Dividend Comparison

Neither SEAB.DE nor SPFA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SEAB.DE and SPFA.DE in my portfolio?

SEAB.DE and SPFA.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SEAB.DE or SPFA.DE?

On fees, SEAB.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEAB.DE or SPFA.DE?

SEAB.DE is cheaper with a 0.38% expense ratio, compared with 0.55% for SPFA.DE.

What is the main difference between SEAB.DE and SPFA.DE?

SEAB.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged), while SPFA.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: UBS and State Street. Their fees differ too: 0.38% for SEAB.DE and 0.55% for SPFA.DE.