SPFD.DE vs. IUS7.DE
SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged) while IUS7.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, SPFD.DE returned -1.83%/yr vs 2.86%/yr for IUS7.DE. At a 0.05 correlation, their price movements are largely independent. SPFD.DE charges 0.60%/yr vs 0.45%/yr for IUS7.DE.
Performance
SPFD.DE vs. IUS7.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 IUS7.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*
- —
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%
SPFD.DE vs. IUS7.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% |
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% | 1.12% |
Correlation
The correlation between SPFD.DE and IUS7.DE is -0.10, 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 | -0.10 |
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 Nov 18, 2019 | 0.05 |
The correlation between SPFD.DE and IUS7.DE shifts across timeframes, from -0.10 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPFD.DE vs. IUS7.DE — Risk / Return Rank
SPFD.DE
IUS7.DE
SPFD.DE vs. IUS7.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 (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.
| SPFD.DE | IUS7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.29 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.00 | -2.64 |
| Martin ratioReturn relative to average drawdown | 1.09 | 9.17 | -8.09 |
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 | IUS7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.55 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.33 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.61 | -0.75 |
Drawdowns
SPFD.DE vs. IUS7.DE - Drawdown Comparison
The maximum SPFD.DE drawdown since its inception was -28.91%, which is greater than IUS7.DE's maximum drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for SPFD.DE and IUS7.DE.
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Drawdown Indicators
| SPFD.DE | IUS7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.91% | -27.13% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -3.09% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -12.95% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -15.90% | -10.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.13% | — |
Current DrawdownCurrent decline from peak | -11.71% | 0.00% | -11.71% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -6.48% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.01% | +1.21% |
Volatility
SPFD.DE vs. IUS7.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 (Dist) (IUS7.DE) at 1.24%. This indicates that SPFD.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
| SPFD.DE | IUS7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 1.24% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 4.03% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 5.97% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 8.56% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 11.02% | -2.14% |
SPFD.DE vs. IUS7.DE - Expense Ratio Comparison
SPFD.DE has a 0.60% expense ratio, which is higher than IUS7.DE's 0.45% expense ratio.
Dividends
SPFD.DE vs. IUS7.DE - Dividend Comparison
SPFD.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% |
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (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% |
Frequently Asked Questions
SPFD.DE and IUS7.DE have a correlation of -0.10, 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 0.60% for SPFD.DE.
SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged), while IUS7.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 IUS7.DE.
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