SNAZ.DE vs. IUSQ.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - SNAZ.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while IUSQ.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 11.85%/yr for IUSQ.DE. At a 0.27 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.20%/yr for IUSQ.DE.
Performance
SNAZ.DE vs. IUSQ.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 IUSQ.DE's 14.14% 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*
- —
IUSQ.DE
- 1D
- 0.59%
- 1M
- 1.08%
- 6M
- 13.65%
- YTD
- 14.14%
- 1Y
- 26.53%
- 3Y*
- 17.85%
- 5Y*
- 11.85%
- 10Y*
- 12.51%
SNAZ.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 14.14% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 17.64% |
Correlation
The correlation between SNAZ.DE and IUSQ.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.27 |
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Return for Risk
SNAZ.DE vs. IUSQ.DE — Risk / Return Rank
SNAZ.DE
IUSQ.DE
SNAZ.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 4.08 | -2.69 |
| Martin ratioReturn relative to average drawdown | 5.14 | 16.66 | -11.52 |
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Drawdowns
SNAZ.DE vs. IUSQ.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and IUSQ.DE.
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Drawdown Indicators
| SNAZ.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -33.60% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -6.48% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -21.25% | +17.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -21.25% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.06% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -4.17% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.59% | -0.80% |
Volatility
SNAZ.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.66%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 3.66% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 8.63% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 11.78% | -8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 13.99% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 14.98% | -7.33% |
SNAZ.DE vs. IUSQ.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
SNAZ.DE vs. IUSQ.DE - Dividend Comparison
Neither SNAZ.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and IUSQ.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE is categorized as Emerging Markets Bonds, while IUSQ.DE is Global Equities. SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while IUSQ.DE tracks MSCI ACWI Index. Their fees differ too: 0.53% for SNAZ.DE and 0.20% for IUSQ.DE.
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