SPFA.DE vs. IUS7.DE
SPFA.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - SPFA.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while IUS7.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, SPFA.DE returned 1.46%/yr vs 2.86%/yr for IUS7.DE. A 0.62 correlation means they provide meaningful diversification when combined. SPFA.DE charges 0.55%/yr vs 0.45%/yr for IUS7.DE.
Performance
SPFA.DE vs. IUS7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFA.DE achieves a 0.46% return, which is significantly lower than IUS7.DE's 2.97% return.
SPFA.DE
- 1D
- -0.01%
- 1M
- 0.39%
- YTD
- 0.46%
- 6M
- 0.45%
- 1Y
- 3.30%
- 3Y*
- 2.58%
- 5Y*
- 1.46%
- 10Y*
- —
IUS7.DE
- 1D
- 0.14%
- 1M
- 1.60%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.31%
- 3Y*
- 6.75%
- 5Y*
- 2.86%
- 10Y*
- 3.08%
SPFA.DE vs. IUS7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.46% | 2.44% | 3.19% | 5.66% | -4.47% | -1.04% | -5.66% | 14.72% | 0.62% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.97% | 1.14% | 11.74% | 6.77% | -13.16% | 5.75% | -4.03% | 18.79% | -0.49% |
Correlation
The correlation between SPFA.DE and IUS7.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.62 |
The correlation between SPFA.DE and IUS7.DE has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
SPFA.DE vs. IUS7.DE — Risk / Return Rank
SPFA.DE
IUS7.DE
SPFA.DE vs. IUS7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.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.
| SPFA.DE | IUS7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.29 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.00 | -2.17 |
| Martin ratioReturn relative to average drawdown | 2.62 | 9.17 | -6.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPFA.DE | IUS7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.55 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.33 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.61 | -0.35 |
Drawdowns
SPFA.DE vs. IUS7.DE - Drawdown Comparison
The maximum SPFA.DE drawdown since its inception was -16.39%, smaller than the maximum IUS7.DE drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for SPFA.DE and IUS7.DE.
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Drawdown Indicators
| SPFA.DE | IUS7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -27.13% | +10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -3.09% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -7.66% | -12.95% | +5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -15.90% | +7.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.13% | — |
Current DrawdownCurrent decline from peak | -3.19% | 0.00% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -6.48% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.01% | +0.25% |
Volatility
SPFA.DE vs. IUS7.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE) has a higher volatility of 1.83% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) at 1.24%. This indicates that SPFA.DE's price experiences larger fluctuations and is considered to be riskier than IUS7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFA.DE | IUS7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.24% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 4.03% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 5.97% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 8.56% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 11.02% | -3.97% |
SPFA.DE vs. IUS7.DE - Expense Ratio Comparison
SPFA.DE has a 0.55% expense ratio, which is higher than IUS7.DE's 0.45% expense ratio.
Dividends
SPFA.DE vs. IUS7.DE - Dividend Comparison
SPFA.DE has not paid dividends to shareholders, while IUS7.DE's dividend yield for the trailing twelve months is around 5.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.80% | 6.10% | 5.62% | 5.77% | 5.63% | 3.80% | 4.17% | 4.72% | 4.70% | 5.11% | 5.29% | 4.71% |
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFA.DE and IUS7.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUS7.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS7.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for SPFA.DE.
SPFA.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while IUS7.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SPFA.DE and 0.45% for IUS7.DE.
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