IS02.DE vs. XUEB.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds - IS02.DE tracks the JP Morgan EMBI Global Core while XUEB.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, IS02.DE returned 2.88%/yr vs 2.85%/yr for XUEB.DE. Their correlation of 0.95 suggests significant overlap in exposure. IS02.DE charges 0.45%/yr vs 0.25%/yr for XUEB.DE.
Performance
IS02.DE vs. XUEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS02.DE achieves a 2.97% return, which is significantly lower than XUEB.DE's 3.66% return.
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.69%
- YTD
- 3.66%
- 6M
- 3.38%
- 1Y
- 10.40%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
IS02.DE vs. XUEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -0.15% |
Correlation
The correlation between IS02.DE and XUEB.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.95 |
The correlation between IS02.DE and XUEB.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
IS02.DE vs. XUEB.DE — Risk / Return Rank
IS02.DE
XUEB.DE
IS02.DE vs. XUEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) and Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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.
| IS02.DE | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.83 | -0.72 |
| Martin ratioReturn relative to average drawdown | 8.98 | 10.83 | -1.85 |
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
| IS02.DE | XUEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.75 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.32 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.25 | +0.02 |
Drawdowns
IS02.DE vs. XUEB.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum XUEB.DE drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for IS02.DE and XUEB.DE.
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Drawdown Indicators
| IS02.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -17.41% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.70% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -13.41% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -17.41% | +1.20% |
Current DrawdownCurrent decline from peak | 0.00% | -0.40% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -6.25% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.96% | +0.08% |
Volatility
IS02.DE vs. XUEB.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) is 1.19%, while Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a volatility of 1.29%. This indicates that IS02.DE experiences smaller price fluctuations and is considered to be less risky than XUEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS02.DE | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.29% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.97% | 3.95% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 5.93% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 8.74% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 8.56% | -0.22% |
IS02.DE vs. XUEB.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
IS02.DE vs. XUEB.DE - Dividend Comparison
Neither IS02.DE nor XUEB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IS02.DE and XUEB.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, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for IS02.DE.
IS02.DE tracks JP Morgan EMBI Global Core, while XUEB.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.45% for IS02.DE and 0.25% for XUEB.DE.
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