36B1.DE vs. XUEB.DE
36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds - 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified while XUEB.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, 36B1.DE returned 2.20%/yr vs 2.85%/yr for XUEB.DE. With a 0.95 correlation, they move nearly in lockstep. 36B1.DE charges 0.45%/yr vs 0.25%/yr for XUEB.DE.
Performance
36B1.DE vs. XUEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B1.DE achieves a 2.43% return, which is significantly lower than XUEB.DE's 3.66% return.
36B1.DE
- 1D
- 0.13%
- 1M
- 1.52%
- YTD
- 2.43%
- 6M
- 2.12%
- 1Y
- 7.79%
- 3Y*
- 5.51%
- 5Y*
- 2.20%
- 10Y*
- —
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.69%
- YTD
- 3.66%
- 6M
- 3.38%
- 1Y
- 10.40%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
36B1.DE vs. XUEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 2.43% | -0.10% | 10.86% | 5.55% | -13.71% | 6.46% | -0.85% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -0.25% |
Correlation
The correlation between 36B1.DE and XUEB.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 25, 2020 | 0.95 |
The correlation between 36B1.DE and XUEB.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
36B1.DE vs. XUEB.DE — Risk / Return Rank
36B1.DE
XUEB.DE
36B1.DE vs. XUEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) and Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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.
| 36B1.DE | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 3.83 | -1.21 |
| Martin ratioReturn relative to average drawdown | 6.72 | 10.83 | -4.11 |
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
| 36B1.DE | XUEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.75 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.32 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.25 | -0.02 |
Drawdowns
36B1.DE vs. XUEB.DE - Drawdown Comparison
The maximum 36B1.DE drawdown since its inception was -22.46%, which is greater than XUEB.DE's maximum drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for 36B1.DE and XUEB.DE.
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Drawdown Indicators
| 36B1.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.46% | -17.41% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.70% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -13.41% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -17.41% | +1.07% |
Current DrawdownCurrent decline from peak | -1.33% | -0.40% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -6.25% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.96% | +0.20% |
Volatility
36B1.DE vs. XUEB.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) is 1.21%, while Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a volatility of 1.29%. This indicates that 36B1.DE experiences smaller price fluctuations and is considered to be less risky than XUEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B1.DE | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.29% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.95% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 5.93% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.41% | 8.74% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 8.56% | +0.99% |
36B1.DE vs. XUEB.DE - Expense Ratio Comparison
36B1.DE has a 0.45% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
36B1.DE vs. XUEB.DE - Dividend Comparison
36B1.DE's dividend yield for the trailing twelve months is around 4.93%, while XUEB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.93% | 5.22% | 4.96% | 5.09% | 5.00% | 4.57% | 3.40% | 4.19% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, 36B1.DE and XUEB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for 36B1.DE.
36B1.DE tracks JP Morgan ESG EMBI Global Diversified, while XUEB.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.45% for 36B1.DE and 0.25% for XUEB.DE.
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