ZPR6.DE vs. SLMG.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged) while SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs -0.86%/yr for SLMG.DE. A 0.75 correlation means they provide meaningful diversification when combined. ZPR6.DE charges 0.47%/yr vs 0.50%/yr for SLMG.DE.
Performance
ZPR6.DE vs. SLMG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPR6.DE achieves a 0.15% return, which is significantly lower than SLMG.DE's 0.76% 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*
- —
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.80%
- YTD
- 0.76%
- 6M
- 1.17%
- 1Y
- 8.09%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 10Y*
- —
ZPR6.DE vs. SLMG.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% | 1.06% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | 3.21% | 7.05% | -21.25% | -3.90% | 4.76% | 1.77% |
Correlation
The correlation between ZPR6.DE and SLMG.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019 | 0.75 |
The correlation between ZPR6.DE and SLMG.DE has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPR6.DE vs. SLMG.DE — Risk / Return Rank
ZPR6.DE
SLMG.DE
ZPR6.DE vs. SLMG.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 ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.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 | SLMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.70 | +0.04 |
| Martin ratioReturn relative to average drawdown | 7.22 | 6.65 | +0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPR6.DE | SLMG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.44 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.10 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.01 | +0.07 |
Drawdowns
ZPR6.DE vs. SLMG.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum SLMG.DE drawdown of -31.13%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and SLMG.DE.
Loading charts...
Drawdown Indicators
| ZPR6.DE | SLMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -31.13% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -4.74% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -7.88% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -30.75% | +17.25% |
Current DrawdownCurrent decline from peak | -0.37% | -6.55% | +6.18% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -12.84% | +8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 1.21% | -0.78% |
Volatility
ZPR6.DE vs. SLMG.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 ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) has a volatility of 1.96%. This indicates that ZPR6.DE experiences smaller price fluctuations and is considered to be less risky than SLMG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPR6.DE | SLMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.96% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 4.58% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 5.61% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 8.36% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 9.69% | -4.56% |
ZPR6.DE vs. SLMG.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is lower than SLMG.DE's 0.50% expense ratio.
Dividends
ZPR6.DE vs. SLMG.DE - Dividend Comparison
Neither ZPR6.DE nor SLMG.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR6.DE and SLMG.DE have a correlation of 0.82, 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 SLMG.DE.
ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (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 SLMG.DE.
Find the right allocation for ZPR6.DE and SLMG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer