SNAZ.DE vs. IS02.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds from iShares - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 2.67%/yr for IS02.DE. At a 0.38 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.45%/yr for IS02.DE.
Performance
SNAZ.DE vs. IS02.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 IS02.DE's 5.08% 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*
- —
IS02.DE
- 1D
- 0.00%
- 1M
- 2.16%
- 6M
- 5.03%
- YTD
- 5.08%
- 1Y
- 12.38%
- 3Y*
- 7.43%
- 5Y*
- 2.67%
- 10Y*
- —
SNAZ.DE vs. IS02.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% | 2.79% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 5.08% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
Correlation
The correlation between SNAZ.DE and IS02.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.38 |
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Return for Risk
SNAZ.DE vs. IS02.DE — Risk / Return Rank
SNAZ.DE
IS02.DE
SNAZ.DE vs. IS02.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 USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 4.14 | -2.75 |
| Martin ratioReturn relative to average drawdown | 5.14 | 12.25 | -7.11 |
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Drawdowns
SNAZ.DE vs. IS02.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and IS02.DE.
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Drawdown Indicators
| SNAZ.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -16.21% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.00% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -12.85% | +9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -16.21% | -5.67% |
Current DrawdownCurrent decline from peak | -1.34% | -0.84% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -5.85% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.01% | -0.22% |
Volatility
SNAZ.DE vs. IS02.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) has a volatility of 1.66%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.66% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.18% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 6.14% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 8.54% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 8.37% | -0.72% |
SNAZ.DE vs. IS02.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than IS02.DE's 0.45% expense ratio.
Dividends
SNAZ.DE vs. IS02.DE - Dividend Comparison
Neither SNAZ.DE nor IS02.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and IS02.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS02.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS02.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 IS02.DE tracks JP Morgan EMBI Global Core. Their fees differ too: 0.53% for SNAZ.DE and 0.45% for IS02.DE.
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