ZPR6.DE vs. 3SUD.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and 3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) are both Emerging Markets Bonds funds - ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged) while 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs -0.28%/yr for 3SUD.DE. A 0.78 correlation means they provide meaningful diversification when combined. ZPR6.DE charges 0.47%/yr vs 0.50%/yr for 3SUD.DE.
Performance
ZPR6.DE vs. 3SUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR6.DE achieves a 0.15% return, which is significantly lower than 3SUD.DE's 0.90% return.
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.19%
- YTD
- 0.15%
- 6M
- 0.48%
- 1Y
- 3.15%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
3SUD.DE
- 1D
- 0.21%
- 1M
- -0.03%
- YTD
- 0.90%
- 6M
- 1.33%
- 1Y
- 9.11%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 10Y*
- —
ZPR6.DE vs. 3SUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -9.09% | -1.17% | 0.69% | -0.12% |
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% | 3.55% |
Correlation
The correlation between ZPR6.DE and 3SUD.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.78 |
The correlation between ZPR6.DE and 3SUD.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
ZPR6.DE vs. 3SUD.DE — Risk / Return Rank
ZPR6.DE
3SUD.DE
ZPR6.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 (EUR Hedged) Acc (ZPR6.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.
| ZPR6.DE | 3SUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.93 | -0.20 |
| Martin ratioReturn relative to average drawdown | 7.22 | 7.66 | -0.44 |
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
| ZPR6.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.65 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.03 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.08 | -0.01 |
Drawdowns
ZPR6.DE vs. 3SUD.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum 3SUD.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and 3SUD.DE.
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Drawdown Indicators
| ZPR6.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -30.78% | +17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -4.61% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -7.82% | +6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -30.57% | +17.07% |
Current DrawdownCurrent decline from peak | -0.37% | -3.78% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -11.11% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 1.17% | -0.74% |
Volatility
ZPR6.DE vs. 3SUD.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) is 0.61%, while iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a volatility of 1.89%. This indicates that ZPR6.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
| ZPR6.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.89% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 4.36% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 5.41% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 8.70% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 10.44% | -5.31% |
ZPR6.DE vs. 3SUD.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is lower than 3SUD.DE's 0.50% expense ratio.
Dividends
ZPR6.DE vs. 3SUD.DE - Dividend Comparison
Neither ZPR6.DE nor 3SUD.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR6.DE and 3SUD.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR6.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR6.DE is cheaper with a 0.47% expense ratio, compared with 0.50% for 3SUD.DE.
ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), 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: 0.47% for ZPR6.DE and 0.50% for 3SUD.DE.
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