2B7S.DE vs. SLMG.DE
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index, while SLMG.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, 2B7S.DE returned 0.00%/yr vs -0.97%/yr for SLMG.DE. At a 0.36 correlation, their price movements are largely independent. 2B7S.DE charges 0.10%/yr vs 0.50%/yr for SLMG.DE.
Performance
2B7S.DE vs. SLMG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B7S.DE achieves a -0.20% return, which is significantly lower than SLMG.DE's 0.81% return.
2B7S.DE
- 1D
- 0.20%
- 1M
- 0.20%
- YTD
- -0.20%
- 6M
- 0.00%
- 1Y
- 1.20%
- 3Y*
- 2.41%
- 5Y*
- 0.00%
- 10Y*
- —
SLMG.DE
- 1D
- 0.61%
- 1M
- 1.01%
- YTD
- 0.81%
- 6M
- 1.43%
- 1Y
- 7.56%
- 3Y*
- 6.61%
- 5Y*
- -0.97%
- 10Y*
- —
2B7S.DE vs. SLMG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -1.18% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.81% | 10.76% | 3.24% | 7.20% | -21.29% | 1.59% |
Correlation
The correlation between 2B7S.DE and SLMG.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.36 |
Over the past year, the correlation between 2B7S.DE and SLMG.DE has dropped to 0.15 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
2B7S.DE vs. SLMG.DE — Risk / Return Rank
2B7S.DE
SLMG.DE
2B7S.DE vs. SLMG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
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.
| 2B7S.DE | SLMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.57 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.28 | 6.15 | -2.87 |
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Drawdowns
2B7S.DE vs. SLMG.DE - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, smaller than the maximum SLMG.DE drawdown of -31.14%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and SLMG.DE.
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Drawdown Indicators
| 2B7S.DE | SLMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -31.14% | +23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -4.78% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -8.08% | +7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -7.68% | -30.75% | +23.07% |
Current DrawdownCurrent decline from peak | -0.59% | -6.57% | +5.98% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -12.80% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.23% | -0.87% |
Volatility
2B7S.DE vs. SLMG.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) is 0.81%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) has a volatility of 2.19%. This indicates that 2B7S.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.
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Volatility by Period
| 2B7S.DE | SLMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 2.19% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 4.72% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 5.81% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.50% | 8.48% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 10.32% | -7.87% |
2B7S.DE vs. SLMG.DE - Expense Ratio Comparison
2B7S.DE has a 0.10% expense ratio, which is lower than SLMG.DE's 0.50% expense ratio.
Dividends
2B7S.DE vs. SLMG.DE - Dividend Comparison
Neither 2B7S.DE nor SLMG.DE has paid dividends to shareholders.
Frequently Asked Questions
2B7S.DE and SLMG.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for SLMG.DE.
2B7S.DE is categorized as Government Bonds, while SLMG.DE is Emerging Markets Bonds. 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). Their fees differ too: 0.10% for 2B7S.DE and 0.50% for SLMG.DE.
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