SNAZ.DE vs. EMIG.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and EMIG.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while EMIG.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.19%/yr vs 0.18%/yr for EMIG.DE. At a 0.20 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.45%/yr for EMIG.DE.
Performance
SNAZ.DE vs. EMIG.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 EMIG.DE's 2.82% 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*
- —
EMIG.DE
- 1D
- 0.08%
- 1M
- 0.81%
- 6M
- 1.56%
- YTD
- 2.82%
- 1Y
- 6.17%
- 3Y*
- 3.74%
- 5Y*
- 0.18%
- 10Y*
- —
SNAZ.DE vs. EMIG.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% |
EMIG.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 2.82% | -2.90% | 7.55% | 2.85% | -12.35% | 6.32% | -3.53% |
Correlation
The correlation between SNAZ.DE and EMIG.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.20 |
The correlation between SNAZ.DE and EMIG.DE shifts across timeframes, from 0.12 (1 year) to 0.25 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SNAZ.DE vs. EMIG.DE — Risk / Return Rank
SNAZ.DE
EMIG.DE
SNAZ.DE vs. EMIG.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 UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.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 | EMIG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.61 | -0.36 |
| Martin ratioReturn relative to average drawdown | 4.53 | 4.55 | -0.02 |
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Drawdowns
SNAZ.DE vs. EMIG.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, which is greater than EMIG.DE's maximum drawdown of -20.15%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and EMIG.DE.
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Drawdown Indicators
| SNAZ.DE | EMIG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -20.15% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.82% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -11.02% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -14.77% | -7.11% |
Current DrawdownCurrent decline from peak | -1.73% | -8.63% | +6.90% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -11.74% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.35% | -0.55% |
Volatility
SNAZ.DE vs. EMIG.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 UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.DE) has a volatility of 1.40%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than EMIG.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 | EMIG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.40% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.64% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 5.50% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 8.06% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 15.23% | -7.60% |
SNAZ.DE vs. EMIG.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than EMIG.DE's 0.45% expense ratio.
Dividends
SNAZ.DE vs. EMIG.DE - Dividend Comparison
Neither SNAZ.DE nor EMIG.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and EMIG.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIG.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIG.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 EMIG.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.53% for SNAZ.DE and 0.45% for EMIG.DE.
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