SNAZ.DE vs. SEAD.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and SEAD.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while SEAD.DE tracks the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 0.99%/yr for SEAD.DE. A 0.58 correlation means they provide meaningful diversification when combined. SNAZ.DE charges 0.53%/yr vs 0.38%/yr for SEAD.DE.
Performance
SNAZ.DE vs. SEAD.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 SEAD.DE's 1.42% 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*
- —
SEAD.DE
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 1.42%
- YTD
- 1.42%
- 1Y
- 5.06%
- 3Y*
- 6.12%
- 5Y*
- 0.99%
- 10Y*
- —
SNAZ.DE vs. SEAD.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% |
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist | 1.42% | 7.68% | 5.50% | 5.69% | -12.29% | -0.78% | 1.64% |
Correlation
The correlation between SNAZ.DE and SEAD.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.58 |
The correlation between SNAZ.DE and SEAD.DE shifts across timeframes, from 0.50 (1 year) to 0.66 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SNAZ.DE vs. SEAD.DE — Risk / Return Rank
SNAZ.DE
SEAD.DE
SNAZ.DE vs. SEAD.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 Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist (SEAD.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 | SEAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.42 | -1.04 |
| Martin ratioReturn relative to average drawdown | 5.14 | 9.89 | -4.75 |
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Drawdowns
SNAZ.DE vs. SEAD.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, which is greater than SEAD.DE's maximum drawdown of -17.98%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and SEAD.DE.
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Drawdown Indicators
| SNAZ.DE | SEAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -17.98% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.08% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -2.40% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -17.98% | -3.90% |
Current DrawdownCurrent decline from peak | -1.34% | -0.40% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -5.65% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.51% | +0.28% |
Volatility
SNAZ.DE vs. SEAD.DE - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) has a higher volatility of 0.91% compared to UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist (SEAD.DE) at 0.59%. This indicates that SNAZ.DE's price experiences larger fluctuations and is considered to be riskier than SEAD.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 | SEAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.59% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.36% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 2.85% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 4.30% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 4.81% | +2.84% |
SNAZ.DE vs. SEAD.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than SEAD.DE's 0.38% expense ratio.
Dividends
SNAZ.DE vs. SEAD.DE - Dividend Comparison
SNAZ.DE has not paid dividends to shareholders, while SEAD.DE's dividend yield for the trailing twelve months is around 6.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist | 6.88% | 4.97% | 6.21% | 4.80% | 4.53% | 4.02% | 2.40% |
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% | 0.00% |
Frequently Asked Questions
SNAZ.DE and SEAD.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAD.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAD.DE is cheaper with a 0.38% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while SEAD.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.53% for SNAZ.DE and 0.38% for SEAD.DE.
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