IS0Q.DE vs. XUEM.DE
IS0Q.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds - IS0Q.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index while XUEM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, IS0Q.DE returned 2.68%/yr vs 2.65%/yr for XUEM.DE. A 0.71 correlation means they provide meaningful diversification when combined. IS0Q.DE charges 0.50%/yr vs 0.25%/yr for XUEM.DE.
Performance
IS0Q.DE vs. XUEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Q.DE achieves a 4.68% return, which is significantly lower than XUEM.DE's 5.97% return.
IS0Q.DE
- 1D
- 0.09%
- 1M
- 1.94%
- 6M
- 4.52%
- YTD
- 4.68%
- 1Y
- 8.96%
- 3Y*
- 5.37%
- 5Y*
- 2.68%
- 10Y*
- 3.24%
XUEM.DE
- 1D
- 0.19%
- 1M
- 2.12%
- 6M
- 6.07%
- YTD
- 5.97%
- 1Y
- 13.91%
- 3Y*
- 7.90%
- 5Y*
- 2.65%
- 10Y*
- —
IS0Q.DE vs. XUEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 4.68% | -3.70% | 12.34% | 4.23% | -6.55% | 7.84% | -2.78% | 16.71% | 4.47% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.97% | 1.05% | 12.16% | 7.17% | -14.21% | 5.47% | -6.15% | 17.95% | -11.62% |
Correlation
The correlation between IS0Q.DE and XUEM.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 9, 2018 | 0.72 |
The correlation between IS0Q.DE and XUEM.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
IS0Q.DE vs. XUEM.DE — Risk / Return Rank
IS0Q.DE
XUEM.DE
IS0Q.DE vs. XUEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) and Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.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.
| IS0Q.DE | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 5.15 | -2.17 |
| Martin ratioReturn relative to average drawdown | 8.52 | 15.44 | -6.92 |
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Drawdowns
IS0Q.DE vs. XUEM.DE - Drawdown Comparison
The maximum IS0Q.DE drawdown since its inception was -26.03%, roughly equal to the maximum XUEM.DE drawdown of -26.81%. Use the drawdown chart below to compare losses from any high point for IS0Q.DE and XUEM.DE.
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Drawdown Indicators
| IS0Q.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -26.81% | +0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.69% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -13.41% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -11.02% | -17.53% | +6.51% |
Max Drawdown (10Y)Largest decline over 10 years | -23.18% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -0.56% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -10.07% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.90% | +0.15% |
Volatility
IS0Q.DE vs. XUEM.DE - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (IS0Q.DE) has a higher volatility of 1.46% compared to Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) at 1.39%. This indicates that IS0Q.DE's price experiences larger fluctuations and is considered to be riskier than XUEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Q.DE | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.39% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 3.90% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 6.12% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 8.73% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 11.76% | -2.99% |
IS0Q.DE vs. XUEM.DE - Expense Ratio Comparison
IS0Q.DE has a 0.50% expense ratio, which is higher than XUEM.DE's 0.25% expense ratio.
Dividends
IS0Q.DE vs. XUEM.DE - Dividend Comparison
IS0Q.DE's dividend yield for the trailing twelve months is around 5.50%, more than XUEM.DE's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Q.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.50% | 5.61% | 5.36% | 5.07% | 4.31% | 3.54% | 4.14% | 4.58% | 4.69% | 4.55% | 4.51% | 5.13% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.09% | 5.56% | 6.56% | 5.40% | 5.95% | 8.12% | 4.58% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS0Q.DE and XUEM.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for IS0Q.DE.
IS0Q.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index, while XUEM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IS0Q.DE and 0.25% for XUEM.DE.
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