36B1.DE vs. XUEM.DE
36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds - 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified while XUEM.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 2.28%/yr for XUEM.DE. Their correlation of 0.94 suggests significant overlap in exposure. 36B1.DE charges 0.45%/yr vs 0.25%/yr for XUEM.DE.
Performance
36B1.DE vs. XUEM.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 XUEM.DE's 3.29% return.
36B1.DE
- 1D
- 0.13%
- 1M
- 1.40%
- YTD
- 2.43%
- 6M
- 1.88%
- 1Y
- 8.21%
- 3Y*
- 5.51%
- 5Y*
- 2.20%
- 10Y*
- —
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.15%
- YTD
- 3.29%
- 6M
- 2.78%
- 1Y
- 9.90%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
36B1.DE vs. XUEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 2.43% | -0.10% | 10.86% | 5.55% | -13.71% | 6.46% | -4.35% | 11.07% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -6.64% | 10.34% |
Correlation
The correlation between 36B1.DE and XUEM.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019 | 0.94 |
The correlation between 36B1.DE and XUEM.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
36B1.DE vs. XUEM.DE — Risk / Return Rank
36B1.DE
XUEM.DE
36B1.DE vs. XUEM.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 USD Emerging Markets Bond UCITS ETF 2D (XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 3.52 | -0.89 |
| Martin ratioReturn relative to average drawdown | 6.72 | 10.09 | -3.37 |
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 | XUEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.64 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.26 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.28 | -0.05 |
Drawdowns
36B1.DE vs. XUEM.DE - Drawdown Comparison
The maximum 36B1.DE drawdown since its inception was -22.46%, smaller than the maximum XUEM.DE drawdown of -26.83%. Use the drawdown chart below to compare losses from any high point for 36B1.DE and XUEM.DE.
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Drawdown Indicators
| 36B1.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.46% | -26.83% | +4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.72% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -13.45% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -17.85% | +1.51% |
Current DrawdownCurrent decline from peak | -1.33% | -2.82% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -10.35% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.95% | +0.21% |
Volatility
36B1.DE vs. XUEM.DE - Volatility Comparison
iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a higher volatility of 1.21% compared to Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) at 1.06%. This indicates that 36B1.DE's price experiences larger fluctuations and is considered to be riskier than XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.06% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.83% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 5.81% | +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% | 10.44% | -0.89% |
36B1.DE vs. XUEM.DE - Expense Ratio Comparison
36B1.DE has a 0.45% expense ratio, which is higher than XUEM.DE's 0.25% expense ratio.
Dividends
36B1.DE vs. XUEM.DE - Dividend Comparison
36B1.DE's dividend yield for the trailing twelve months is around 4.93%, more than XUEM.DE's 4.46% yield.
| 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% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% |
Frequently Asked Questions
With a correlation of 0.94, 36B1.DE and XUEM.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, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.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 XUEM.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 XUEM.DE.
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