VGEM.DE vs. 3SUD.DE
VGEM.DE (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and 3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) are both Emerging Markets Bonds funds - VGEM.DE tracks the Bloomberg EM USD Sovereign + Quasi-Sov while 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, VGEM.DE returned 2.73%/yr vs -0.28%/yr for 3SUD.DE. At a 0.45 correlation, their price movements are largely independent. VGEM.DE charges 0.25%/yr vs 0.50%/yr for 3SUD.DE.
Performance
VGEM.DE vs. 3SUD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGEM.DE achieves a 2.34% return, which is significantly higher than 3SUD.DE's 0.90% return.
VGEM.DE
- 1D
- 0.20%
- 1M
- 1.24%
- YTD
- 2.34%
- 6M
- 1.63%
- 1Y
- 6.72%
- 3Y*
- 5.24%
- 5Y*
- 2.73%
- 10Y*
- —
3SUD.DE
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.90%
- 6M
- 1.29%
- 1Y
- 8.95%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 10Y*
- —
VGEM.DE vs. 3SUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 2.34% | -1.55% | 12.06% | 5.25% | -10.22% | 5.82% | -3.91% | 6.59% |
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.90% | 11.55% | 3.78% | 7.69% | -20.75% | -3.48% | 3.15% | 6.67% |
Correlation
The correlation between VGEM.DE and 3SUD.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.45 |
The correlation between VGEM.DE and 3SUD.DE shifts across timeframes, from 0.29 (1 year) to 0.45 (all time), 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
VGEM.DE vs. 3SUD.DE — Risk / Return Rank
VGEM.DE
3SUD.DE
VGEM.DE vs. 3SUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) and iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.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.
| VGEM.DE | 3SUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.93 | +0.23 |
| Martin ratioReturn relative to average drawdown | 5.71 | 7.66 | -1.95 |
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
| VGEM.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.65 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | -0.03 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.08 | +0.21 |
Drawdowns
VGEM.DE vs. 3SUD.DE - Drawdown Comparison
The maximum VGEM.DE drawdown since its inception was -19.64%, smaller than the maximum 3SUD.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for VGEM.DE and 3SUD.DE.
Loading charts...
Drawdown Indicators
| VGEM.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -30.78% | +11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -4.61% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -7.82% | -4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -30.57% | +18.11% |
Current DrawdownCurrent decline from peak | -2.18% | -3.78% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -11.11% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.17% | 0.00% |
Volatility
VGEM.DE vs. 3SUD.DE - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) is 1.18%, while iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a volatility of 1.89%. This indicates that VGEM.DE experiences smaller price fluctuations and is considered to be less risky than 3SUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGEM.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.89% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.96% | 4.36% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.41% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.89% | 8.70% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 10.44% | -1.67% |
VGEM.DE vs. 3SUD.DE - Expense Ratio Comparison
VGEM.DE has a 0.25% expense ratio, which is lower than 3SUD.DE's 0.50% expense ratio.
Dividends
VGEM.DE vs. 3SUD.DE - Dividend Comparison
VGEM.DE's dividend yield for the trailing twelve months is around 5.06%, while 3SUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.06% | 5.60% | 5.23% | 5.14% | 4.84% | 3.16% | 3.99% | 3.87% | 3.84% | 0.68% |
Frequently Asked Questions
VGEM.DE and 3SUD.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEM.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for 3SUD.DE.
VGEM.DE tracks Bloomberg EM USD Sovereign + Quasi-Sov, while 3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.25% for VGEM.DE and 0.50% for 3SUD.DE.
Find the right allocation for VGEM.DE and 3SUD.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