SPFD.DE vs. IS02.DE
SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged) while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, SPFD.DE returned -1.83%/yr vs 2.88%/yr for IS02.DE. At a 0.05 correlation, their price movements are largely independent. SPFD.DE charges 0.60%/yr vs 0.45%/yr for IS02.DE.
Performance
SPFD.DE vs. IS02.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPFD.DE achieves a -1.76% return, which is significantly lower than IS02.DE's 2.97% 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*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
SPFD.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 6.61% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between SPFD.DE and IS02.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.05 |
The correlation between SPFD.DE and IS02.DE shifts across timeframes, from -0.08 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPFD.DE vs. IS02.DE — Risk / Return Rank
SPFD.DE
IS02.DE
SPFD.DE vs. IS02.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.11 | -2.75 |
| Martin ratioReturn relative to average drawdown | 1.09 | 8.98 | -7.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPFD.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.57 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.33 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.27 | -0.41 |
Drawdowns
SPFD.DE vs. IS02.DE - Drawdown Comparison
The maximum SPFD.DE drawdown since its inception was -28.91%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for SPFD.DE and IS02.DE.
Loading charts...
Drawdown Indicators
| SPFD.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.91% | -16.21% | -12.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -3.00% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -12.85% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -16.21% | -10.56% |
Current DrawdownCurrent decline from peak | -11.71% | 0.00% | -11.71% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -5.92% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.04% | +1.18% |
Volatility
SPFD.DE vs. IS02.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that SPFD.DE's price experiences larger fluctuations and is considered to be riskier than IS02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPFD.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 1.19% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 3.97% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 5.94% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 8.53% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 8.34% | +0.54% |
SPFD.DE vs. IS02.DE - Expense Ratio Comparison
SPFD.DE has a 0.60% expense ratio, which is higher than IS02.DE's 0.45% expense ratio.
Dividends
SPFD.DE vs. IS02.DE - Dividend Comparison
Neither SPFD.DE nor IS02.DE has paid dividends to shareholders.
Frequently Asked Questions
SPFD.DE and IS02.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS02.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS02.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for SPFD.DE.
SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged), while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: State Street and iShares. Their fees differ too: 0.60% for SPFD.DE and 0.45% for IS02.DE.
Find the right allocation for SPFD.DE and IS02.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer