SNAZ.DE vs. FRCK.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and FRCK.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while FRCK.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.19%/yr vs 0.06%/yr for FRCK.DE. A 0.65 correlation means they provide meaningful diversification when combined. SNAZ.DE charges 0.53%/yr vs 0.28%/yr for FRCK.DE.
Performance
SNAZ.DE vs. FRCK.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 FRCK.DE's 1.62% 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*
- —
FRCK.DE
- 1D
- 0.08%
- 1M
- -0.45%
- 6M
- 1.78%
- YTD
- 1.62%
- 1Y
- 9.48%
- 3Y*
- 8.05%
- 5Y*
- 0.06%
- 10Y*
- 1.10%
SNAZ.DE vs. FRCK.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% |
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 1.62% | 12.79% | 5.41% | 9.66% | -22.04% | -3.92% | 2.95% |
Correlation
The correlation between SNAZ.DE and FRCK.DE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.65 |
The correlation between SNAZ.DE and FRCK.DE shifts across timeframes, from 0.57 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SNAZ.DE vs. FRCK.DE — Risk / Return Rank
SNAZ.DE
FRCK.DE
SNAZ.DE vs. FRCK.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) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.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 | FRCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.11 | -0.86 |
| Martin ratioReturn relative to average drawdown | 4.53 | 8.73 | -4.20 |
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Drawdowns
SNAZ.DE vs. FRCK.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum FRCK.DE drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and FRCK.DE.
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Drawdown Indicators
| SNAZ.DE | FRCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -32.71% | +10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -4.48% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -7.71% | +3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -32.71% | +10.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.71% | — |
Current DrawdownCurrent decline from peak | -1.73% | -0.98% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -8.63% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.08% | -0.28% |
Volatility
SNAZ.DE vs. FRCK.DE - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) has a higher volatility of 1.09% compared to UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) at 0.90%. This indicates that SNAZ.DE's price experiences larger fluctuations and is considered to be riskier than FRCK.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 | FRCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.90% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 4.46% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 5.42% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 9.02% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 9.28% | -1.65% |
SNAZ.DE vs. FRCK.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than FRCK.DE's 0.28% expense ratio.
Dividends
SNAZ.DE vs. FRCK.DE - Dividend Comparison
Neither SNAZ.DE nor FRCK.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and FRCK.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRCK.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRCK.DE is cheaper with a 0.28% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while FRCK.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.53% for SNAZ.DE and 0.28% for FRCK.DE.
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