SLMG.DE vs. 2B7S.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both exchange-traded funds - SLMG.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged), while 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past 5 years, SLMG.DE returned -0.86%/yr vs -0.00%/yr for 2B7S.DE. At a 0.48 correlation, their price movements are largely independent. SLMG.DE charges 0.50%/yr vs 0.10%/yr for 2B7S.DE.
Performance
SLMG.DE vs. 2B7S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMG.DE achieves a 0.76% return, which is significantly higher than 2B7S.DE's -0.08% return.
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.25%
- YTD
- 0.76%
- 6M
- 1.14%
- 1Y
- 8.39%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 10Y*
- —
2B7S.DE
- 1D
- 0.09%
- 1M
- -0.09%
- YTD
- -0.08%
- 6M
- 0.08%
- 1Y
- 1.31%
- 3Y*
- 2.30%
- 5Y*
- -0.00%
- 10Y*
- —
SLMG.DE vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | 3.21% | 7.05% | -21.25% | 1.36% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.08% | 2.92% | 2.36% | 1.95% | -5.70% | -1.18% |
Correlation
The correlation between SLMG.DE and 2B7S.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.48 |
The correlation between SLMG.DE and 2B7S.DE has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
SLMG.DE vs. 2B7S.DE — Risk / Return Rank
SLMG.DE
2B7S.DE
SLMG.DE vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| SLMG.DE | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.51 | +0.19 |
| Martin ratioReturn relative to average drawdown | 6.65 | 4.17 | +2.48 |
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
| SLMG.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.00 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.00 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.00 | -0.01 |
Drawdowns
SLMG.DE vs. 2B7S.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.13%, which is greater than 2B7S.DE's maximum drawdown of -7.76%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and 2B7S.DE.
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Drawdown Indicators
| SLMG.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -7.76% | -23.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -0.85% | -3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -1.14% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -7.72% | -23.03% |
Current DrawdownCurrent decline from peak | -6.55% | -0.58% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -3.30% | -9.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.31% | +0.90% |
Volatility
SLMG.DE vs. 2B7S.DE - Volatility Comparison
iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) has a higher volatility of 1.96% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 0.47%. This indicates that SLMG.DE's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLMG.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.47% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 0.92% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 1.29% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 1.99% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 1.96% | +7.73% |
SLMG.DE vs. 2B7S.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than 2B7S.DE's 0.10% expense ratio.
Dividends
SLMG.DE vs. 2B7S.DE - Dividend Comparison
Neither SLMG.DE nor 2B7S.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMG.DE and 2B7S.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for SLMG.DE.
SLMG.DE is categorized as Emerging Markets Bonds, while 2B7S.DE is Government Bonds. SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. Their fees differ too: 0.50% for SLMG.DE and 0.10% for 2B7S.DE.
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