3SUD.DE vs. XUEE.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Both are passively managed. Over the past 3 years, 3SUD.DE returned 7.55%/yr vs 7.16%/yr for XUEE.DE. With a 0.96 correlation, they move nearly in lockstep. 3SUD.DE charges 0.50%/yr vs 0.40%/yr for XUEE.DE.
Performance
3SUD.DE vs. XUEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUD.DE achieves a 0.90% return, which is significantly lower than XUEE.DE's 1.11% return.
3SUD.DE
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.90%
- 6M
- 1.29%
- 1Y
- 8.95%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 10Y*
- —
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
3SUD.DE vs. XUEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.90% | 11.55% | 3.78% | 7.69% | -20.75% | 0.08% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | -21.79% | -0.09% |
Correlation
The correlation between 3SUD.DE and XUEE.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.96 |
The correlation between 3SUD.DE and XUEE.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
3SUD.DE vs. XUEE.DE — Risk / Return Rank
3SUD.DE
XUEE.DE
3SUD.DE vs. XUEE.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 USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.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.
| 3SUD.DE | XUEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.03 | -0.09 |
| Martin ratioReturn relative to average drawdown | 7.66 | 7.91 | -0.25 |
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
| 3SUD.DE | XUEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.71 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.07 | +0.15 |
Drawdowns
3SUD.DE vs. XUEE.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.78%, roughly equal to the maximum XUEE.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and XUEE.DE.
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Drawdown Indicators
| 3SUD.DE | XUEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -30.78% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -4.31% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -8.57% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | — | — |
Current DrawdownCurrent decline from peak | -3.78% | -4.52% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -15.12% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.11% | +0.06% |
Volatility
3SUD.DE vs. XUEE.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) and Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) have volatilities of 1.89% and 1.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3SUD.DE | XUEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.82% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 4.15% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 5.12% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 9.14% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 9.14% | +1.30% |
3SUD.DE vs. XUEE.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than XUEE.DE's 0.40% expense ratio.
Dividends
3SUD.DE vs. XUEE.DE - Dividend Comparison
3SUD.DE has not paid dividends to shareholders, while XUEE.DE's dividend yield for the trailing twelve months is around 4.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% |
Frequently Asked Questions
With a correlation of 0.93, 3SUD.DE and XUEE.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, XUEE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEE.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for 3SUD.DE.
3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for 3SUD.DE and 0.40% for XUEE.DE.
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