IS3C.DE vs. XUEE.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - IS3C.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, IS3C.DE returned 2.01%/yr vs 7.16%/yr for XUEE.DE. Their correlation of 0.92 suggests significant overlap in exposure. IS3C.DE charges 0.50%/yr vs 0.40%/yr for XUEE.DE.
Performance
IS3C.DE vs. XUEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3C.DE achieves a -1.63% return, which is significantly lower than XUEE.DE's 1.11% return.
IS3C.DE
- 1D
- 0.23%
- 1M
- 0.40%
- YTD
- -1.63%
- 6M
- -1.60%
- 1Y
- 2.73%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
IS3C.DE vs. XUEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -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 IS3C.DE and XUEE.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.92 |
The correlation between IS3C.DE and XUEE.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
IS3C.DE vs. XUEE.DE — Risk / Return Rank
IS3C.DE
XUEE.DE
IS3C.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 EUR Hedged UCITS ETF (Dist) (IS3C.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.
| IS3C.DE | XUEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 2.03 | -1.55 |
| Martin ratioReturn relative to average drawdown | 1.52 | 7.91 | -6.39 |
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
| IS3C.DE | XUEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.71 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.07 | +0.07 |
Drawdowns
IS3C.DE vs. XUEE.DE - Drawdown Comparison
The maximum IS3C.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 IS3C.DE and XUEE.DE.
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Drawdown Indicators
| IS3C.DE | XUEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -30.78% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -4.31% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -8.57% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -30.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -4.52% | -13.38% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -15.12% | +5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.11% | +0.68% |
Volatility
IS3C.DE vs. XUEE.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a higher volatility of 2.10% compared to Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) at 1.82%. This indicates that IS3C.DE's price experiences larger fluctuations and is considered to be riskier than XUEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3C.DE | XUEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 1.82% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 4.15% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 5.12% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 9.14% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 9.14% | +0.16% |
IS3C.DE vs. XUEE.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than XUEE.DE's 0.40% expense ratio.
Dividends
IS3C.DE vs. XUEE.DE - Dividend Comparison
IS3C.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 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS3C.DE and XUEE.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 IS3C.DE.
IS3C.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 IS3C.DE and 0.40% for XUEE.DE.
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