ZPR6.DE vs. IS3C.DE

Last updated Apr 2, 2026

Compare and contrast key facts about 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 EUR Hedged UCITS ETF (Dist) (IS3C.DE).

ZPR6.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. ZPR6.DE is a passively managed fund by State Street that tracks the performance of the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). It was launched on Jun 14, 2019. 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 ZPR6.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

ZPR6.DE vs. IS3C.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 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 EUR Hedged UCITS ETF (Dist) (IS3C.DE). The values are adjusted to include any dividend payments, if applicable.

ZPR6.DE vs. IS3C.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	-0.58%	5.62%	3.09%	3.99%	-9.09%	-1.17%	0.69%	-0.12%
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%	3.00%

Returns By Period

In the year-to-date period, ZPR6.DE achieves a -0.58% return, which is significantly higher than IS3C.DE's -3.16% return.

ZPR6.DE

• 1D: 0.40%
• 1M: -0.75%
• YTD: -0.58%
• 6M: 0.76%
• 1Y: 3.30%
• 3Y*: 3.69%
• 5Y*: 0.35%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPR6.DE vs. IS3C.DE - Expense Ratio Comparison

ZPR6.DE has a 0.47% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.

IS3C.DE

iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)

ZPR6.DE

SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc

Return for Risk

ZPR6.DE vs. IS3C.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPR6.DE

ZPR6.DE Risk / Return Rank: 59
ZPR6.DE Sharpe Ratio Rank: 54
ZPR6.DE Sortino Ratio Rank: 55
ZPR6.DE Omega Ratio Rank: 60
ZPR6.DE Calmar Ratio Rank: 64
ZPR6.DE Martin Ratio Rank: 65

IS3C.DE

IS3C.DE Risk / Return Rank: 15
IS3C.DE Sharpe Ratio Rank: 16
IS3C.DE Sortino Ratio Rank: 14
IS3C.DE Omega Ratio Rank: 14
IS3C.DE Calmar Ratio Rank: 16
IS3C.DE Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPR6.DE vs. IS3C.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 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.

	ZPR6.DE	IS3C.DE	Difference
Sharpe ratio Return per unit of total volatility	1.04	0.18	+0.86
Sortino ratio Return per unit of downside risk	1.53	0.30	+1.23
Omega ratio Gain probability vs. loss probability	1.24	1.04	+0.20
Calmar ratio Return relative to maximum drawdown	1.85	0.22	+1.63
Martin ratio Return relative to average drawdown	7.45	0.87	+6.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPR6.DE vs. IS3C.DE - Sharpe Ratio Comparison

The current ZPR6.DE Sharpe Ratio is 1.04, which is higher than the IS3C.DE Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of ZPR6.DE and IS3C.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZPR6.DE	IS3C.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	0.18	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	-0.35	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.01	+0.06

Correlation

The correlation between ZPR6.DE and IS3C.DE is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZPR6.DE vs. IS3C.DE - Dividend Comparison

Neither ZPR6.DE nor IS3C.DE has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government 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%
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

ZPR6.DE vs. IS3C.DE - Drawdown Comparison

The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and IS3C.DE.

Drawdown Indicators

	ZPR6.DE	IS3C.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.50%	-30.78%	+17.28%
Max Drawdown (1Y) Largest decline over 1 year	-1.80%	-5.62%	+3.82%
Max Drawdown (5Y) Largest decline over 5 years	-13.50%	-30.47%	+16.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.78%	—
Current Drawdown Current decline from peak	-1.09%	-19.18%	+18.09%
Average Drawdown Average peak-to-trough decline	-4.72%	-9.04%	+4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	1.42%	-0.97%

Volatility

ZPR6.DE vs. IS3C.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 1.56%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.99%. This indicates that ZPR6.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.

Volatility by Period

	ZPR6.DE	IS3C.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	2.99%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	1.87%	4.00%	-2.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.16%	6.96%	-3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.39%	8.83%	-4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.17%	9.25%	-4.08%