ZPR6.DE vs. EMIG.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and EMIG.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) are both Emerging Markets Bonds funds - ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged) while EMIG.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs 0.76%/yr for EMIG.DE. At a 0.23 correlation, their price movements are largely independent. ZPR6.DE charges 0.47%/yr vs 0.45%/yr for EMIG.DE.
Performance
ZPR6.DE vs. EMIG.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 EMIG.DE's 1.49% return.
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
EMIG.DE
- 1D
- 0.05%
- 1M
- 0.95%
- YTD
- 1.49%
- 6M
- 0.93%
- 1Y
- 4.21%
- 3Y*
- 2.05%
- 5Y*
- 0.76%
- 10Y*
- —
ZPR6.DE vs. EMIG.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% | -1.10% |
EMIG.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 1.49% | -2.91% | 7.57% | 2.80% | -12.35% | 6.34% | -1.01% | 2.63% |
Correlation
The correlation between ZPR6.DE and EMIG.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.23 |
The correlation between ZPR6.DE and EMIG.DE shifts across timeframes, from -0.08 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR6.DE vs. EMIG.DE — Risk / Return Rank
ZPR6.DE
EMIG.DE
ZPR6.DE vs. EMIG.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 UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.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 | EMIG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.26 | +1.48 |
| Martin ratioReturn relative to average drawdown | 7.22 | 0.38 | +6.84 |
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 | EMIG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.19 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.06 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.04 | +0.03 |
Drawdowns
ZPR6.DE vs. EMIG.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum EMIG.DE drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and EMIG.DE.
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Drawdown Indicators
| ZPR6.DE | EMIG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -16.46% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -16.16% | +14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -16.16% | +14.36% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -16.16% | +2.66% |
Current DrawdownCurrent decline from peak | -0.37% | -13.38% | +13.01% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -8.22% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 10.99% | -10.56% |
Volatility
ZPR6.DE vs. EMIG.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 UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.DE) has a volatility of 1.01%. This indicates that ZPR6.DE experiences smaller price fluctuations and is considered to be less risky than EMIG.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 | EMIG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.01% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 3.57% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 21.95% | -19.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 12.46% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 12.21% | -7.08% |
ZPR6.DE vs. EMIG.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is higher than EMIG.DE's 0.45% expense ratio.
Dividends
ZPR6.DE vs. EMIG.DE - Dividend Comparison
Neither ZPR6.DE nor EMIG.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR6.DE and EMIG.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIG.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIG.DE is cheaper with a 0.45% expense ratio, compared with 0.47% for ZPR6.DE.
ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while EMIG.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: State Street and UBS. Their fees differ too: 0.47% for ZPR6.DE and 0.45% for EMIG.DE.
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