VGEM.DE vs. IS3C.DE
Compare and contrast key facts about Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) and iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE).
VGEM.DE and IS3C.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGEM.DE is a passively managed fund by Vanguard that tracks the performance of the Bloomberg EM USD Sovereign + Quasi-Sov. It was launched on Dec 6, 2016. IS3C.DE is a passively managed fund by iShares that tracks the performance of the JP Morgan EMBI Global Core (EUR Hedged). It was launched on Jul 8, 2013. Both VGEM.DE and IS3C.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VGEM.DE vs. IS3C.DE - Performance Comparison
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VGEM.DE vs. IS3C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 0.43% | -1.55% | 12.06% | 5.25% | -10.36% | 5.98% | -3.91% | 15.57% | 0.84% | -0.72% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -3.16% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 3.22% | 12.58% | -8.60% | 0.77% |
Returns By Period
In the year-to-date period, VGEM.DE achieves a 0.43% return, which is significantly higher than IS3C.DE's -3.16% return.
VGEM.DE
- 1D
- 0.27%
- 1M
- -1.16%
- YTD
- 0.43%
- 6M
- 2.54%
- 1Y
- -0.28%
- 3Y*
- 5.02%
- 5Y*
- 2.06%
- 10Y*
- —
IS3C.DE
- 1D
- 1.25%
- 1M
- -2.79%
- YTD
- -3.16%
- 6M
- -2.20%
- 1Y
- 1.27%
- 3Y*
- 1.35%
- 5Y*
- -3.10%
- 10Y*
- -0.48%
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VGEM.DE vs. IS3C.DE - Expense Ratio Comparison
VGEM.DE has a 0.25% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Return for Risk
VGEM.DE vs. IS3C.DE — Risk / Return Rank
VGEM.DE
IS3C.DE
VGEM.DE vs. IS3C.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 EUR Hedged UCITS ETF (Dist) (IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.18 | -0.22 |
Sortino ratioReturn per unit of downside risk | 0.01 | 0.30 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.04 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.22 | -0.14 |
Martin ratioReturn relative to average drawdown | 0.25 | 0.87 | -0.62 |
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
| VGEM.DE | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.18 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | -0.35 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.01 | +0.30 |
Correlation
The correlation between VGEM.DE and IS3C.DE is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VGEM.DE vs. IS3C.DE - Dividend Comparison
VGEM.DE's dividend yield for the trailing twelve months is around 5.16%, while IS3C.DE has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.16% | 5.60% | 5.23% | 5.14% | 4.84% | 3.16% | 3.99% | 3.87% | 3.84% | 0.68% | 0.00% | 0.00% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Drawdowns
VGEM.DE vs. IS3C.DE - Drawdown Comparison
The maximum VGEM.DE drawdown since its inception was -19.64%, smaller than the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for VGEM.DE and IS3C.DE.
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Drawdown Indicators
| VGEM.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -30.78% | +11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -5.62% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -30.47% | +18.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.78% | — |
Current DrawdownCurrent decline from peak | -4.01% | -19.18% | +15.17% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -9.04% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.42% | +0.43% |
Volatility
VGEM.DE vs. IS3C.DE - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) is 1.94%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.99%. This indicates that VGEM.DE experiences smaller price fluctuations and is considered to be less risky than IS3C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEM.DE | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.99% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.00% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 6.96% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.91% | 8.83% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 9.25% | -0.33% |