SLMG.DE vs. FRCK.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and FRCK.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged) while FRCK.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). Both are passively managed. Over the past 5 years, SLMG.DE returned -0.86%/yr vs 0.19%/yr for FRCK.DE. Their correlation of 0.86 suggests significant overlap in exposure. SLMG.DE charges 0.50%/yr vs 0.28%/yr for FRCK.DE.
Performance
SLMG.DE vs. FRCK.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 FRCK.DE's 1.67% 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*
- —
FRCK.DE
- 1D
- 0.27%
- 1M
- 1.11%
- YTD
- 1.67%
- 6M
- 2.34%
- 1Y
- 10.92%
- 3Y*
- 9.35%
- 5Y*
- 0.19%
- 10Y*
- 1.49%
SLMG.DE vs. FRCK.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% |
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 1.67% | 12.81% | 5.36% | 9.70% | -22.07% | -3.88% | 2.79% | 2.48% |
Correlation
The correlation between SLMG.DE and FRCK.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019 | 0.86 |
The correlation between SLMG.DE and FRCK.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
SLMG.DE vs. FRCK.DE — Risk / Return Rank
SLMG.DE
FRCK.DE
SLMG.DE vs. FRCK.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.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 | FRCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.42 | -0.73 |
| Martin ratioReturn relative to average drawdown | 6.65 | 10.09 | -3.43 |
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 | FRCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 2.03 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.02 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.17 | -0.17 |
Drawdowns
SLMG.DE vs. FRCK.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.13%, roughly equal to the maximum FRCK.DE drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and FRCK.DE.
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Drawdown Indicators
| SLMG.DE | FRCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -32.71% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -4.49% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -7.78% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -32.71% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.71% | — |
Current DrawdownCurrent decline from peak | -6.55% | -0.97% | -5.58% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -8.76% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.08% | +0.13% |
Volatility
SLMG.DE vs. FRCK.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) at 1.80%. This indicates that SLMG.DE's price experiences larger fluctuations and is considered to be riskier than FRCK.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 | FRCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.80% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 4.38% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 5.38% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 9.01% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 9.29% | +0.40% |
SLMG.DE vs. FRCK.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than FRCK.DE's 0.28% expense ratio.
Dividends
SLMG.DE vs. FRCK.DE - Dividend Comparison
Neither SLMG.DE nor FRCK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, SLMG.DE and FRCK.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FRCK.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRCK.DE is cheaper with a 0.28% expense ratio, compared with 0.50% for SLMG.DE.
SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while FRCK.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for SLMG.DE and 0.28% for FRCK.DE.
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