SDEU.L vs. MXNUSD=X
SDEU.L (iShares Germany Government Bond UCITS ETF (Dist)) is European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while MXNUSD=X (MXN/USD) is a currency. Over the past 10 years, SDEU.L returned -0.29%/yr vs 1.37%/yr for MXNUSD=X. At a 0.21 correlation, their price movements are largely independent.
Performance
SDEU.L vs. MXNUSD=X - Performance Comparison
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Different Trading Currencies
SDEU.L is traded in GBP, while MXNUSD=X is traded in USD. To make them comparable, the MXNUSD=X values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDEU.L achieves a -1.11% return, which is significantly lower than MXNUSD=X's 4.10% return. Over the past 10 years, SDEU.L has underperformed MXNUSD=X with an annualized return of -0.29%, while MXNUSD=X has yielded a comparatively higher 1.37% annualized return.
SDEU.L
- 1D
- 0.24%
- 1M
- 0.20%
- YTD
- -1.11%
- 6M
- -1.01%
- 1Y
- 2.04%
- 3Y*
- 1.13%
- 5Y*
- -2.81%
- 10Y*
- -0.29%
MXNUSD=X
- 1D
- -0.47%
- 1M
- 0.60%
- YTD
- 4.10%
- 6M
- 3.92%
- 1Y
- 11.56%
- 3Y*
- -2.51%
- 5Y*
- 3.93%
- 10Y*
- 1.37%
SDEU.L vs. MXNUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDEU.L iShares Germany Government Bond UCITS ETF (Dist) | -1.11% | 3.89% | -3.80% | 2.90% | -13.18% | -9.06% | 8.46% | -2.18% | 3.12% | 1.86% |
MXNUSD=X MXN/USD | 4.10% | 7.41% | -17.11% | 9.09% | 17.81% | -2.18% | -7.63% | -0.21% | 6.31% | -3.85% |
Correlation
The correlation between SDEU.L and MXNUSD=X is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | 0.21 |
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Return for Risk
SDEU.L vs. MXNUSD=X — Risk / Return Rank
SDEU.L
MXNUSD=X
SDEU.L vs. MXNUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) and MXN/USD (MXNUSD=X). 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.
| SDEU.L | MXNUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.28 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 2.40 | -2.01 |
| Martin ratioReturn relative to average drawdown | 0.81 | 7.34 | -6.53 |
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
| SDEU.L | MXNUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 1.51 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.35 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.10 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.03 | +0.09 |
Drawdowns
SDEU.L vs. MXNUSD=X - Drawdown Comparison
The maximum SDEU.L drawdown since its inception was -27.61%, smaller than the maximum MXNUSD=X drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for SDEU.L and MXNUSD=X.
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Drawdown Indicators
| SDEU.L | MXNUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.61% | -41.20% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -3.84% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -7.00% | -22.58% | +15.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -22.58% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -27.61% | -26.95% | -0.66% |
Current DrawdownCurrent decline from peak | -23.00% | -22.16% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -20.08% | +8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.28% | +0.72% |
Volatility
SDEU.L vs. MXNUSD=X - Volatility Comparison
iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) has a higher volatility of 1.61% compared to MXN/USD (MXNUSD=X) at 1.45%. This indicates that SDEU.L's price experiences larger fluctuations and is considered to be riskier than MXNUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDEU.L | MXNUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.45% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 4.76% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 6.09% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 10.41% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 12.61% | -4.01% |
Frequently Asked Questions
SDEU.L and MXNUSD=X have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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