ZPR5.DE vs. SNAZ.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds - ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, ZPR5.DE returned 2.88%/yr vs -0.19%/yr for SNAZ.DE. At a correlation of -0.04, they often move in opposite directions. ZPR5.DE charges 0.42%/yr vs 0.53%/yr for SNAZ.DE.
Performance
ZPR5.DE vs. SNAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR5.DE achieves a 3.94% return, which is significantly higher than SNAZ.DE's 0.59% return.
ZPR5.DE
- 1D
- 0.04%
- 1M
- 1.38%
- 6M
- 2.65%
- YTD
- 3.94%
- 1Y
- 6.30%
- 3Y*
- 5.23%
- 5Y*
- 2.88%
- 10Y*
- 1.99%
SNAZ.DE
- 1D
- 0.39%
- 1M
- -0.19%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.64%
- 3Y*
- 4.79%
- 5Y*
- -0.19%
- 10Y*
- —
ZPR5.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 3.94% | -4.10% | 11.01% | 2.52% | -1.05% | 7.95% | -5.91% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
Correlation
The correlation between ZPR5.DE and SNAZ.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | -0.04 |
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Return for Risk
ZPR5.DE vs. SNAZ.DE — Risk / Return Rank
ZPR5.DE
SNAZ.DE
ZPR5.DE vs. SNAZ.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 $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPR5.DE | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.25 | +0.70 |
| Martin ratioReturn relative to average drawdown | 5.38 | 4.53 | +0.85 |
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Drawdowns
ZPR5.DE vs. SNAZ.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -22.24%, roughly equal to the maximum SNAZ.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and SNAZ.DE.
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Drawdown Indicators
| ZPR5.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -21.88% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -2.91% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -3.82% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -9.91% | -21.88% | +11.97% |
Max Drawdown (10Y)Largest decline over 10 years | -19.66% | — | — |
Current DrawdownCurrent decline from peak | -2.59% | -1.73% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -7.60% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.80% | +0.37% |
Volatility
ZPR5.DE vs. SNAZ.DE - Volatility Comparison
SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) has a higher volatility of 1.26% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 1.09%. This indicates that ZPR5.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.09% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 2.81% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 3.45% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 5.07% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 7.63% | +2.95% |
ZPR5.DE vs. SNAZ.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
ZPR5.DE vs. SNAZ.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.74%, while SNAZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (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 | 4.74% | 5.10% | 4.13% | 3.17% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
ZPR5.DE and SNAZ.DE have a correlation of -0.05, 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 0.53% for SNAZ.DE.
ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.42% for ZPR5.DE and 0.53% for SNAZ.DE.
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