DBZB.DE vs. IS3N.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, DBZB.DE returned -0.99%/yr vs 10.00%/yr for IS3N.DE. At a correlation of -0.08, they often move in opposite directions. DBZB.DE charges 0.25%/yr vs 0.18%/yr for IS3N.DE.
Performance
DBZB.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, DBZB.DE has underperformed IS3N.DE with an annualized return of -0.99%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.18%
- YTD
- -0.71%
- 6M
- -0.56%
- 1Y
- 0.09%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
IS3N.DE
- 1D
- -1.45%
- 1M
- 2.58%
- YTD
- 25.82%
- 6M
- 26.89%
- 1Y
- 45.44%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
DBZB.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | -0.12% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 20.43% |
Correlation
The correlation between DBZB.DE and IS3N.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | -0.08 |
The correlation between DBZB.DE and IS3N.DE shifts across timeframes, from -0.08 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. IS3N.DE — Risk / Return Rank
DBZB.DE
IS3N.DE
DBZB.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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.
| DBZB.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.49 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.42 | -4.44 |
| Martin ratioReturn relative to average drawdown | -0.04 | 16.00 | -16.05 |
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
| DBZB.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.69 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.53 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.55 | -0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.44 | -0.21 |
Drawdowns
DBZB.DE vs. IS3N.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and IS3N.DE.
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Drawdown Indicators
| DBZB.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -35.06% | +13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -10.52% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -19.17% | +14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -22.01% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | -32.51% | +10.63% |
Current DrawdownCurrent decline from peak | -16.44% | -2.49% | -13.95% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -9.30% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.91% | -1.65% |
Volatility
DBZB.DE vs. IS3N.DE - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) is 1.48%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBZB.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 7.16% | -5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 14.69% | -11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 17.32% | -13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 16.19% | -10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 18.04% | -13.30% |
DBZB.DE vs. IS3N.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DBZB.DE vs. IS3N.DE - Dividend Comparison
Neither DBZB.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and IS3N.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE is categorized as Global Bonds, while IS3N.DE is Emerging Markets Equities. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for DBZB.DE and 0.18% for IS3N.DE.
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