EMB vs. SXRM.DE
EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) and SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) are both exchange-traded funds - EMB is a Emerging Markets Bonds fund tracking the JPMorgan EMBI Global Core Index, while SXRM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year. Both are passively managed. Over the past 10 years, EMB returned 3.39%/yr vs 0.67%/yr for SXRM.DE. At a 0.28 correlation, their price movements are largely independent. EMB charges 0.39%/yr vs 0.07%/yr for SXRM.DE.
Performance
EMB vs. SXRM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMB achieves a 2.29% return, which is significantly higher than SXRM.DE's -0.59% return. Over the past 10 years, EMB has outperformed SXRM.DE with an annualized return of 3.39%, while SXRM.DE has yielded a comparatively lower 0.67% annualized return.
EMB
- 1D
- 0.09%
- 1M
- 1.29%
- YTD
- 2.29%
- 6M
- 2.72%
- 1Y
- 11.53%
- 3Y*
- 9.63%
- 5Y*
- 1.79%
- 10Y*
- 3.39%
SXRM.DE
- 1D
- 0.38%
- 1M
- 0.09%
- YTD
- -0.59%
- 6M
- 0.05%
- 1Y
- 4.19%
- 3Y*
- 2.95%
- 5Y*
- -1.07%
- 10Y*
- 0.67%
EMB vs. SXRM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2.29% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.59% | 8.56% | -0.51% | 3.57% | -14.86% | -3.03% | 9.73% | 9.02% | 0.39% | 2.66% |
Correlation
The correlation between EMB and SXRM.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.28 |
Over the past year, EMB and SXRM.DE have become more correlated (0.58) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
EMB vs. SXRM.DE — Risk / Return Rank
EMB
SXRM.DE
EMB vs. SXRM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.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.
| EMB | SXRM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.14 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.93 | +1.48 |
| Martin ratioReturn relative to average drawdown | 10.28 | 2.74 | +7.54 |
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Drawdowns
EMB vs. SXRM.DE - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than SXRM.DE's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for EMB and SXRM.DE.
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Drawdown Indicators
| EMB | SXRM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -23.31% | -11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -4.02% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.95% | -7.24% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -20.90% | -7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -23.31% | -5.43% |
Current DrawdownCurrent decline from peak | 0.00% | -10.34% | +10.34% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -6.45% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.37% | -0.31% |
Volatility
EMB vs. SXRM.DE - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 2.02% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) at 1.86%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier than SXRM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMB | SXRM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.86% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 3.41% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 4.60% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 7.38% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 6.30% | +3.66% |
EMB vs. SXRM.DE - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is higher than SXRM.DE's 0.07% expense ratio.
Dividends
EMB vs. SXRM.DE - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 5.03%, while SXRM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.03% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
SXRM.DE iShares USD Treasury Bond 7-10yr 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% | 0.00% |
Frequently Asked Questions
EMB and SXRM.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRM.DE is cheaper with a 0.07% expense ratio, compared with 0.39% for EMB.
EMB is categorized as Emerging Markets Bonds, while SXRM.DE is Government Bonds. EMB tracks JPMorgan EMBI Global Core Index, while SXRM.DE tracks ICE US Treasury 7-10 Year. Their fees differ too: 0.39% for EMB and 0.07% for SXRM.DE.
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