IU0E.DE vs. DBX4.DE

Last updated Jul 18, 2026

IU0E.DE (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc)) and DBX4.DE (Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF) are both exchange-traded funds - IU0E.DE is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index (EUR Hedged), while DBX4.DE is a ESG fund tracking the MSCI EM EMEA Low Carbon SRI Selection Capped Index. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. IU0E.DE charges 0.17%/yr vs 0.65%/yr for DBX4.DE.

Performance

IU0E.DE vs. DBX4.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) (IU0E.DE) and Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IU0E.DE

• 1D: -0.18%
• 1M: 0.18%
• 6M: 0.56%
• YTD: 0.56%
• 1Y: 1.88%
• 3Y*: 3.20%
• 5Y*: 1.06%
• 10Y*: —

DBX4.DE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IU0E.DE vs. DBX4.DE - Yearly Performance Comparison

	2026 (YTD)	2025
IU0E.DE iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc)	0.56%	3.05%
DBX4.DE Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF	0.00%	5.03%

Correlation

The correlation between IU0E.DE and DBX4.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2025	0.01

Return for Risk

IU0E.DE vs. DBX4.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IU0E.DE

IU0E.DE Risk / Return Rank: 47
IU0E.DE Sharpe Ratio Rank: 34
IU0E.DE Sortino Ratio Rank: 34
IU0E.DE Omega Ratio Rank: 40
IU0E.DE Calmar Ratio Rank: 68
IU0E.DE Martin Ratio Rank: 60

DBX4.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IU0E.DE vs. DBX4.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) (IU0E.DE) and Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.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.

	IU0E.DE	DBX4.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.40	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	2.54	—	—
Martin ratio: Return relative to average drawdown	7.75	—	—

Drawdowns

Drawdown Indicators

	IU0E.DE	DBX4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-8.40%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.01%	—	—
Current Drawdown Current decline from peak	-0.18%	—	—
Average Drawdown Average peak-to-trough decline	-1.60%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	—	—

Volatility

Volatility by Period

	IU0E.DE	DBX4.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.01%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.23%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.09%	—	—

IU0E.DE vs. DBX4.DE - Expense Ratio Comparison

IU0E.DE has a 0.17% expense ratio, which is lower than DBX4.DE's 0.65% expense ratio.

Dividends

IU0E.DE vs. DBX4.DE - Dividend Comparison

Neither IU0E.DE nor DBX4.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IU0E.DE and DBX4.DE in my portfolio?

IU0E.DE and DBX4.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IU0E.DE or DBX4.DE?

On fees, IU0E.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IU0E.DE or DBX4.DE?

IU0E.DE is cheaper with a 0.17% expense ratio, compared with 0.65% for DBX4.DE.

What is the main difference between IU0E.DE and DBX4.DE?

IU0E.DE is categorized as Short-Term Bond, while DBX4.DE is ESG. IU0E.DE tracks Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index (EUR Hedged), while DBX4.DE tracks MSCI EM EMEA Low Carbon SRI Selection Capped Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.17% for IU0E.DE and 0.65% for DBX4.DE.