SLMG.DE vs. SEAD.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and SEAD.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist) are both Emerging Markets Bonds funds - SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged) while SEAD.DE tracks the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). Both are passively managed. Over the past 5 years, SLMG.DE returned -0.86%/yr vs 0.42%/yr for SEAD.DE. A 0.72 correlation means they provide meaningful diversification when combined. SLMG.DE charges 0.50%/yr vs 0.38%/yr for SEAD.DE.
Performance
SLMG.DE vs. SEAD.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 SEAD.DE's 0.82% return.
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.25%
- YTD
- 0.76%
- 6M
- 1.14%
- 1Y
- 8.39%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 10Y*
- —
SEAD.DE
- 1D
- 0.15%
- 1M
- -0.24%
- YTD
- 0.82%
- 6M
- 1.21%
- 1Y
- 4.96%
- 3Y*
- 5.77%
- 5Y*
- 0.42%
- 10Y*
- —
SLMG.DE vs. SEAD.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% | 1.34% |
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist | 0.82% | 7.17% | 4.95% | 5.22% | -12.53% | -1.42% | 1.00% | 1.37% |
Correlation
The correlation between SLMG.DE and SEAD.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2019 | 0.72 |
The correlation between SLMG.DE and SEAD.DE has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
SLMG.DE vs. SEAD.DE — Risk / Return Rank
SLMG.DE
SEAD.DE
SLMG.DE vs. SEAD.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) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist (SEAD.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 | SEAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.35 | -0.66 |
| Martin ratioReturn relative to average drawdown | 6.65 | 9.84 | -3.18 |
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 | SEAD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.70 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.10 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.15 | -0.16 |
Drawdowns
SLMG.DE vs. SEAD.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.13%, which is greater than SEAD.DE's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and SEAD.DE.
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Drawdown Indicators
| SLMG.DE | SEAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -18.40% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -2.08% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -2.40% | -5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -18.40% | -12.35% |
Current DrawdownCurrent decline from peak | -6.55% | -0.36% | -6.19% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -6.26% | -6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.50% | +0.71% |
Volatility
SLMG.DE vs. SEAD.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) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist (SEAD.DE) at 0.76%. This indicates that SLMG.DE's price experiences larger fluctuations and is considered to be riskier than SEAD.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 | SEAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.76% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 2.39% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 2.89% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 4.30% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 5.33% | +4.36% |
SLMG.DE vs. SEAD.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than SEAD.DE's 0.38% expense ratio.
Dividends
SLMG.DE vs. SEAD.DE - Dividend Comparison
SLMG.DE has not paid dividends to shareholders, while SEAD.DE's dividend yield for the trailing twelve months is around 5.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist | 5.84% | 4.51% | 5.70% | 4.36% | 4.23% | 3.36% | 2.07% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SLMG.DE and SEAD.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAD.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAD.DE is cheaper with a 0.38% expense ratio, compared with 0.50% for SLMG.DE.
SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while SEAD.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for SLMG.DE and 0.38% for SEAD.DE.
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