SNAZ.DE vs. FESD.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 2.16%/yr for FESD.DE. At a 0.24 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.45%/yr for FESD.DE.
Performance
SNAZ.DE vs. FESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.98% return, which is significantly lower than FESD.DE's 6.36% 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*
- —
FESD.DE
- 1D
- 0.00%
- 1M
- 2.06%
- 6M
- 6.41%
- YTD
- 6.36%
- 1Y
- 13.79%
- 3Y*
- 6.84%
- 5Y*
- 2.16%
- 10Y*
- —
SNAZ.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | 0.20% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.36% | 0.93% | 9.23% | 5.14% | -13.10% | -8.73% |
Correlation
The correlation between SNAZ.DE and FESD.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.24 |
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Return for Risk
SNAZ.DE vs. FESD.DE — Risk / Return Rank
SNAZ.DE
FESD.DE
SNAZ.DE vs. FESD.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 Fidelity Sustainable USD EM Bond UCITS ETF (FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 3.73 | -2.34 |
| Martin ratioReturn relative to average drawdown | 5.14 | 10.19 | -5.05 |
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Drawdowns
SNAZ.DE vs. FESD.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, roughly equal to the maximum FESD.DE drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and FESD.DE.
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Drawdown Indicators
| SNAZ.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -22.67% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.71% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -12.34% | +8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -15.86% | -6.02% |
Current DrawdownCurrent decline from peak | -1.34% | -2.21% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -13.99% | +6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.36% | -0.57% |
Volatility
SNAZ.DE vs. FESD.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 Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a volatility of 1.57%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.57% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.91% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 6.75% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 8.73% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 10.64% | -2.99% |
SNAZ.DE vs. FESD.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than FESD.DE's 0.45% expense ratio.
Dividends
SNAZ.DE vs. FESD.DE - Dividend Comparison
SNAZ.DE has not paid dividends to shareholders, while FESD.DE's dividend yield for the trailing twelve months is around 7.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 7.67% | 6.61% | 6.31% | 5.87% | 5.06% | 2.34% |
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% |
Frequently Asked Questions
SNAZ.DE and FESD.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FESD.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FESD.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 FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.53% for SNAZ.DE and 0.45% for FESD.DE.
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