SNAZ.DE vs. SYBM.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.19%/yr vs 1.70%/yr for SYBM.DE. At a 0.23 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.55%/yr for SYBM.DE.
Performance
SNAZ.DE vs. SYBM.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 SYBM.DE's 2.31% 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*
- —
SYBM.DE
- 1D
- -0.43%
- 1M
- 0.16%
- 6M
- 0.83%
- YTD
- 2.31%
- 1Y
- 5.08%
- 3Y*
- 3.58%
- 5Y*
- 1.70%
- 10Y*
- 1.31%
SNAZ.DE vs. SYBM.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% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 2.31% | 2.48% | 3.06% | 5.79% | -4.56% | -0.97% | -2.68% |
Correlation
The correlation between SNAZ.DE and SYBM.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.23 |
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Return for Risk
SNAZ.DE vs. SYBM.DE — Risk / Return Rank
SNAZ.DE
SYBM.DE
SNAZ.DE vs. SYBM.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 SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.30 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.53 | 3.93 | +0.60 |
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Drawdowns
SNAZ.DE vs. SYBM.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum SYBM.DE drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and SYBM.DE.
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Drawdown Indicators
| SNAZ.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -31.70% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.90% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -7.60% | +3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -8.64% | -13.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.37% | — |
Current DrawdownCurrent decline from peak | -1.73% | -5.31% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -17.12% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.29% | -0.49% |
Volatility
SNAZ.DE vs. SYBM.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 SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) at 0.96%. This indicates that SNAZ.DE's price experiences larger fluctuations and is considered to be riskier than SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.96% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 4.21% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 5.06% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 6.68% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 7.65% | -0.02% |
SNAZ.DE vs. SYBM.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
SNAZ.DE vs. SYBM.DE - Dividend Comparison
SNAZ.DE has not paid dividends to shareholders, while SYBM.DE's dividend yield for the trailing twelve months is around 4.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 4.98% | 5.01% | 4.74% | 4.21% | 4.29% | 3.90% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
SNAZ.DE and SYBM.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SNAZ.DE is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SNAZ.DE is cheaper with a 0.53% expense ratio, compared with 0.55% for SYBM.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.53% for SNAZ.DE and 0.55% for SYBM.DE.
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