3SUD.DE vs. CGB.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.52%/yr vs 3.11%/yr for CGB.DE. At a correlation of -0.16, they often move in opposite directions. 3SUD.DE charges 0.50%/yr vs 0.20%/yr for CGB.DE.
Performance
3SUD.DE vs. CGB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUD.DE achieves a 0.76% return, which is significantly lower than CGB.DE's 8.27% return.
3SUD.DE
- 1D
- 0.00%
- 1M
- -0.75%
- 6M
- 0.76%
- YTD
- 0.76%
- 1Y
- 7.52%
- 3Y*
- 6.66%
- 5Y*
- -0.52%
- 10Y*
- —
CGB.DE
- 1D
- 0.10%
- 1M
- 1.67%
- 6M
- 6.51%
- YTD
- 8.27%
- 1Y
- 10.90%
- 3Y*
- 4.88%
- 5Y*
- 3.11%
- 10Y*
- 2.49%
3SUD.DE vs. CGB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.76% | 11.46% | 3.74% | 7.58% | -20.68% | -3.62% | 3.56% | 6.39% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.27% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | -0.36% |
Correlation
The correlation between 3SUD.DE and CGB.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | -0.16 |
The correlation between 3SUD.DE and CGB.DE shifts across timeframes, from -0.26 (3 years) to -0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3SUD.DE vs. CGB.DE — Risk / Return Rank
3SUD.DE
CGB.DE
3SUD.DE vs. CGB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) and Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.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.
| 3SUD.DE | CGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.84 | -2.30 |
| Martin ratioReturn relative to average drawdown | 6.43 | 11.37 | -4.94 |
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Drawdowns
3SUD.DE vs. CGB.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.80%, which is greater than CGB.DE's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and CGB.DE.
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Drawdown Indicators
| 3SUD.DE | CGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.80% | -20.06% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.88% | -2.83% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -11.08% | +3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | -13.94% | -16.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.64% | — |
Current DrawdownCurrent decline from peak | -4.17% | -0.69% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -9.25% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.95% | +0.22% |
Volatility
3SUD.DE vs. CGB.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) is 1.24%, while Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a volatility of 1.77%. This indicates that 3SUD.DE experiences smaller price fluctuations and is considered to be less risky than CGB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3SUD.DE | CGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.77% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 4.01% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 5.81% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.03% | 6.74% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 11.06% | -0.50% |
3SUD.DE vs. CGB.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than CGB.DE's 0.20% expense ratio.
Dividends
3SUD.DE vs. CGB.DE - Dividend Comparison
3SUD.DE has not paid dividends to shareholders, while CGB.DE's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 1.99% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% |
Frequently Asked Questions
3SUD.DE and CGB.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for 3SUD.DE.
3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for 3SUD.DE and 0.20% for CGB.DE.
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