SLMG.DE vs. EM1C.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged) while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, SLMG.DE returned -0.86%/yr vs 2.23%/yr for EM1C.DE. At a 0.29 correlation, their price movements are largely independent. SLMG.DE charges 0.50%/yr vs 0.30%/yr for EM1C.DE.
Performance
SLMG.DE vs. EM1C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMG.DE achieves a 0.76% return, which is significantly lower than EM1C.DE's 2.30% return.
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.80%
- YTD
- 0.76%
- 6M
- 1.17%
- 1Y
- 8.09%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 10Y*
- —
EM1C.DE
- 1D
- -0.08%
- 1M
- 1.38%
- YTD
- 2.30%
- 6M
- 2.32%
- 1Y
- 7.02%
- 3Y*
- 4.00%
- 5Y*
- 2.23%
- 10Y*
- —
SLMG.DE vs. EM1C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | 3.21% | 7.05% | -21.25% | -3.90% | 4.76% | 1.77% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 2.30% | 4.53% | 3.69% | 6.44% | -4.38% | -2.30% | -6.16% | 2.07% |
Correlation
The correlation between SLMG.DE and EM1C.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019 | 0.29 |
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Return for Risk
SLMG.DE vs. EM1C.DE — Risk / Return Rank
SLMG.DE
EM1C.DE
SLMG.DE vs. EM1C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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.
| SLMG.DE | EM1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.04 | -0.34 |
| Martin ratioReturn relative to average drawdown | 6.65 | 6.75 | -0.10 |
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
| SLMG.DE | EM1C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.39 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.31 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.09 | -0.09 |
Drawdowns
SLMG.DE vs. EM1C.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.13%, which is greater than EM1C.DE's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and EM1C.DE.
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Drawdown Indicators
| SLMG.DE | EM1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -18.83% | -12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -3.42% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -7.20% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -8.53% | -22.22% |
Current DrawdownCurrent decline from peak | -6.55% | -0.85% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -8.00% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.04% | +0.17% |
Volatility
SLMG.DE vs. EM1C.DE - Volatility Comparison
iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) has a higher volatility of 1.96% compared to VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) at 1.55%. This indicates that SLMG.DE's price experiences larger fluctuations and is considered to be riskier than EM1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLMG.DE | EM1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.55% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 4.15% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 5.03% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 7.03% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 8.06% | +1.63% |
SLMG.DE vs. EM1C.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.
Dividends
SLMG.DE vs. EM1C.DE - Dividend Comparison
Neither SLMG.DE nor EM1C.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLMG.DE and EM1C.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for SLMG.DE.
SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for SLMG.DE and 0.30% for EM1C.DE.
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