SLMG.DE vs. YCSH.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and YCSH.DE (iShares € Cash UCITS ETF EUR Acc) are both exchange-traded funds - SLMG.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged), while YCSH.DE is a Money Market fund actively managed by iShares. SLMG.DE is passively managed, while YCSH.DE is actively managed. Over the past year, SLMG.DE returned 8.39% vs 1.97% for YCSH.DE. At a 0.05 correlation, their price movements are largely independent. SLMG.DE charges 0.50%/yr vs 0.10%/yr for YCSH.DE.
Performance
SLMG.DE vs. YCSH.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 YCSH.DE's 0.84% 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*
- —
YCSH.DE
- 1D
- 0.01%
- 1M
- 0.17%
- YTD
- 0.84%
- 6M
- 0.99%
- 1Y
- 1.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLMG.DE vs. YCSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | -1.81% |
YCSH.DE iShares € Cash UCITS ETF EUR Acc | 0.84% | 2.26% | 0.27% |
Correlation
The correlation between SLMG.DE and YCSH.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2024 | 0.05 |
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Return for Risk
SLMG.DE vs. YCSH.DE — Risk / Return Rank
SLMG.DE
YCSH.DE
SLMG.DE vs. YCSH.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 iShares € Cash UCITS ETF EUR Acc (YCSH.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 | YCSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.98 | ||
| Sortino ratioReturn per unit of downside risk | -45.92 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 13.76 | -12.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 87.60 | -85.90 |
| Martin ratioReturn relative to average drawdown | 6.65 | 771.43 | -764.78 |
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 | YCSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 17.42 | -15.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 11.33 | -11.34 |
Drawdowns
SLMG.DE vs. YCSH.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.13%, which is greater than YCSH.DE's maximum drawdown of -0.07%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and YCSH.DE.
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Drawdown Indicators
| SLMG.DE | YCSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -0.07% | -31.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -0.02% | -4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | — | — |
Current DrawdownCurrent decline from peak | -6.55% | 0.00% | -6.55% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -0.00% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.00% | +1.21% |
Volatility
SLMG.DE vs. YCSH.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 iShares € Cash UCITS ETF EUR Acc (YCSH.DE) at 0.04%. This indicates that SLMG.DE's price experiences larger fluctuations and is considered to be riskier than YCSH.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 | YCSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.04% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 0.09% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 0.11% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 0.20% | +8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 0.20% | +9.49% |
SLMG.DE vs. YCSH.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than YCSH.DE's 0.10% expense ratio.
Dividends
SLMG.DE vs. YCSH.DE - Dividend Comparison
Neither SLMG.DE nor YCSH.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMG.DE and YCSH.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YCSH.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YCSH.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for SLMG.DE.
SLMG.DE is categorized as Emerging Markets Bonds, while YCSH.DE is Money Market. Their fees differ too: 0.50% for SLMG.DE and 0.10% for YCSH.DE.
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