SPFD.DE vs. FRCK.DE
SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) and FRCK.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged) while FRCK.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). Both are passively managed. Over the past 5 years, SPFD.DE returned -1.83%/yr vs 0.19%/yr for FRCK.DE. A 0.54 correlation means they provide meaningful diversification when combined. SPFD.DE charges 0.60%/yr vs 0.28%/yr for FRCK.DE.
Performance
SPFD.DE vs. FRCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFD.DE achieves a -1.76% return, which is significantly lower than FRCK.DE's 1.67% return.
SPFD.DE
- 1D
- 0.08%
- 1M
- -0.48%
- YTD
- -1.76%
- 6M
- -1.05%
- 1Y
- 2.41%
- 3Y*
- 2.99%
- 5Y*
- -1.83%
- 10Y*
- —
FRCK.DE
- 1D
- 0.27%
- 1M
- 1.11%
- YTD
- 1.67%
- 6M
- 2.34%
- 1Y
- 10.92%
- 3Y*
- 9.35%
- 5Y*
- 0.19%
- 10Y*
- 1.49%
SPFD.DE vs. FRCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | -1.76% | 12.45% | -4.39% | 6.63% | -12.77% | -9.84% | 2.14% | 2.12% |
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 1.67% | 12.81% | 5.36% | 9.70% | -22.07% | -3.88% | 2.79% | 1.51% |
Correlation
The correlation between SPFD.DE and FRCK.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019 | 0.54 |
The correlation between SPFD.DE and FRCK.DE shifts across timeframes, from 0.54 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPFD.DE vs. FRCK.DE — Risk / Return Rank
SPFD.DE
FRCK.DE
SPFD.DE vs. FRCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) and UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.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.
| SPFD.DE | FRCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.39 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.42 | -2.07 |
| Martin ratioReturn relative to average drawdown | 1.09 | 10.09 | -9.00 |
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
| SPFD.DE | FRCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.03 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.02 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.17 | -0.30 |
Drawdowns
SPFD.DE vs. FRCK.DE - Drawdown Comparison
The maximum SPFD.DE drawdown since its inception was -28.91%, smaller than the maximum FRCK.DE drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for SPFD.DE and FRCK.DE.
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Drawdown Indicators
| SPFD.DE | FRCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.91% | -32.71% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -4.49% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -7.78% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -32.71% | +5.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.71% | — |
Current DrawdownCurrent decline from peak | -11.71% | -0.97% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -8.76% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.08% | +1.14% |
Volatility
SPFD.DE vs. FRCK.DE - Volatility Comparison
State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) has a higher volatility of 2.53% compared to UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) at 1.80%. This indicates that SPFD.DE's price experiences larger fluctuations and is considered to be riskier than FRCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFD.DE | FRCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 1.80% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 4.38% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 5.38% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 9.01% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 9.29% | -0.41% |
SPFD.DE vs. FRCK.DE - Expense Ratio Comparison
SPFD.DE has a 0.60% expense ratio, which is higher than FRCK.DE's 0.28% expense ratio.
Dividends
SPFD.DE vs. FRCK.DE - Dividend Comparison
Neither SPFD.DE nor FRCK.DE has paid dividends to shareholders.
Frequently Asked Questions
SPFD.DE and FRCK.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRCK.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRCK.DE is cheaper with a 0.28% expense ratio, compared with 0.60% for SPFD.DE.
SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged), while FRCK.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). They also come from different issuers: State Street and UBS. Their fees differ too: 0.60% for SPFD.DE and 0.28% for FRCK.DE.
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