SNAZ.DE vs. 36B1.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds from iShares - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.19%/yr vs 1.88%/yr for 36B1.DE. At a 0.35 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.45%/yr for 36B1.DE.
Performance
SNAZ.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.59% return, which is significantly lower than 36B1.DE's 4.50% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- -0.19%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.64%
- 3Y*
- 4.79%
- 5Y*
- -0.19%
- 10Y*
- —
36B1.DE
- 1D
- 0.26%
- 1M
- 0.79%
- 6M
- 3.14%
- YTD
- 4.50%
- 1Y
- 10.75%
- 3Y*
- 7.32%
- 5Y*
- 1.88%
- 10Y*
- —
SNAZ.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.50% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -4.03% |
Correlation
The correlation between SNAZ.DE and 36B1.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.35 |
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Return for Risk
SNAZ.DE vs. 36B1.DE — Risk / Return Rank
SNAZ.DE
36B1.DE
SNAZ.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SNAZ.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.73 | -2.48 |
| Martin ratioReturn relative to average drawdown | 4.53 | 10.56 | -6.02 |
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Drawdowns
SNAZ.DE vs. 36B1.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, roughly equal to the maximum 36B1.DE drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and 36B1.DE.
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Drawdown Indicators
| SNAZ.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -22.35% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.87% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -12.32% | +8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -16.23% | -5.65% |
Current DrawdownCurrent decline from peak | -1.73% | -1.28% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -8.65% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.02% | -0.22% |
Volatility
SNAZ.DE vs. 36B1.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is 1.09%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.29%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNAZ.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.29% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 4.07% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 6.02% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 8.51% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 10.17% | -2.54% |
SNAZ.DE vs. 36B1.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than 36B1.DE's 0.45% expense ratio.
Dividends
SNAZ.DE vs. 36B1.DE - Dividend Comparison
SNAZ.DE has not paid dividends to shareholders, while 36B1.DE's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.66% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 2.35% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNAZ.DE and 36B1.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B1.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B1.DE is cheaper with a 0.45% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. Their fees differ too: 0.53% for SNAZ.DE and 0.45% for 36B1.DE.
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