ZPR5.DE vs. 3SUD.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and 3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) are both Emerging Markets Bonds funds - ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a while 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, ZPR5.DE returned 3.18%/yr vs -0.28%/yr for 3SUD.DE. At a correlation of -0.00, they often move in opposite directions. ZPR5.DE charges 0.42%/yr vs 0.50%/yr for 3SUD.DE.
Performance
ZPR5.DE vs. 3SUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR5.DE achieves a 2.14% return, which is significantly higher than 3SUD.DE's 0.90% return.
ZPR5.DE
- 1D
- -0.10%
- 1M
- 0.89%
- YTD
- 2.14%
- 6M
- 1.74%
- 1Y
- 3.56%
- 3Y*
- 3.25%
- 5Y*
- 3.18%
- 10Y*
- 2.25%
3SUD.DE
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.90%
- 6M
- 1.29%
- 1Y
- 8.95%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 10Y*
- —
ZPR5.DE vs. 3SUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | -1.06% | 7.98% | -6.72% | 2.58% |
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 ZPR5.DE and 3SUD.DE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | -0.00 |
The correlation between ZPR5.DE and 3SUD.DE shifts across timeframes, from -0.17 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR5.DE vs. 3SUD.DE — Risk / Return Rank
ZPR5.DE
3SUD.DE
ZPR5.DE vs. 3SUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.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.
| ZPR5.DE | 3SUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.93 | -0.83 |
| Martin ratioReturn relative to average drawdown | 2.73 | 7.66 | -4.93 |
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
| ZPR5.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.65 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | -0.03 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.08 | +0.31 |
Drawdowns
ZPR5.DE vs. 3SUD.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, smaller than the maximum 3SUD.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and 3SUD.DE.
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Drawdown Indicators
| ZPR5.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -30.78% | +16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -4.61% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -7.82% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -30.57% | +20.65% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | — | — |
Current DrawdownCurrent decline from peak | -4.28% | -3.78% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -11.11% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.17% | +0.13% |
Volatility
ZPR5.DE vs. 3SUD.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) is 0.96%, while iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a volatility of 1.89%. This indicates that ZPR5.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.
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Volatility by Period
| ZPR5.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.89% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 4.36% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.41% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 8.70% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 10.44% | -3.24% |
ZPR5.DE vs. 3SUD.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is lower than 3SUD.DE's 0.50% expense ratio.
Dividends
ZPR5.DE vs. 3SUD.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, while 3SUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.83% | 5.10% | 4.16% | 3.16% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
ZPR5.DE and 3SUD.DE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR5.DE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR5.DE is cheaper with a 0.42% expense ratio, compared with 0.50% for 3SUD.DE.
ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while 3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.42% for ZPR5.DE and 0.50% for 3SUD.DE.
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