SNAZ.DE vs. EM1C.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp 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 - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 2.50%/yr for EM1C.DE. At a 0.20 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.30%/yr for EM1C.DE.
Performance
SNAZ.DE vs. EM1C.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.98% return, which is significantly lower than EM1C.DE's 4.87% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
EM1C.DE
- 1D
- -0.02%
- 1M
- 2.43%
- 6M
- 4.41%
- YTD
- 4.87%
- 1Y
- 10.17%
- 3Y*
- 4.64%
- 5Y*
- 2.50%
- 10Y*
- —
SNAZ.DE vs. EM1C.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) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.87% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -1.33% |
Correlation
The correlation between SNAZ.DE and EM1C.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SNAZ.DE vs. EM1C.DE — Risk / Return Rank
SNAZ.DE
EM1C.DE
SNAZ.DE vs. EM1C.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 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.
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 | EM1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.96 | -1.57 |
| Martin ratioReturn relative to average drawdown | 5.14 | 9.94 | -4.80 |
Loading charts...
Drawdowns
SNAZ.DE vs. EM1C.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum EM1C.DE drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and EM1C.DE.
Loading charts...
Drawdown Indicators
| SNAZ.DE | EM1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -23.47% | +1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.43% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -7.21% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -8.70% | -13.18% |
Current DrawdownCurrent decline from peak | -1.34% | -2.59% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -13.87% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.02% | -0.23% |
Volatility
SNAZ.DE vs. EM1C.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is 0.91%, while VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a volatility of 1.22%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than EM1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SNAZ.DE | EM1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.22% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.21% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 5.08% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 7.03% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 10.12% | -2.47% |
SNAZ.DE vs. EM1C.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.
Dividends
SNAZ.DE vs. EM1C.DE - Dividend Comparison
Neither SNAZ.DE nor EM1C.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and EM1C.DE have a correlation of 0.18, 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 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (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: 0.53% for SNAZ.DE and 0.30% for EM1C.DE.
Find the right allocation for SNAZ.DE and EM1C.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer