SNAZ.DE vs. XQUD.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, SNAZ.DE returned 4.79%/yr vs 3.78%/yr for XQUD.DE. At a 0.38 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.45%/yr for XQUD.DE.
Performance
SNAZ.DE vs. XQUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.59% return, which is significantly lower than XQUD.DE's 2.96% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- -0.19%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.64%
- 3Y*
- 4.79%
- 5Y*
- -0.19%
- 10Y*
- —
XQUD.DE
- 1D
- 0.00%
- 1M
- 0.25%
- 6M
- 1.78%
- YTD
- 2.96%
- 1Y
- 7.40%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
SNAZ.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | 0.00% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 2.96% | -1.36% | 5.23% | 3.70% | -0.19% |
Correlation
The correlation between SNAZ.DE and XQUD.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.38 |
The correlation between SNAZ.DE and XQUD.DE shifts across timeframes, from 0.26 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SNAZ.DE vs. XQUD.DE — Risk / Return Rank
SNAZ.DE
XQUD.DE
SNAZ.DE vs. XQUD.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 EUR Hedged (Acc) (SNAZ.DE) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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.
| SNAZ.DE | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.94 | -0.69 |
| Martin ratioReturn relative to average drawdown | 4.53 | 5.79 | -1.25 |
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Drawdowns
SNAZ.DE vs. XQUD.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, which is greater than XQUD.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and XQUD.DE.
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Drawdown Indicators
| SNAZ.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -12.01% | -9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.84% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -11.40% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -1.73% | -2.05% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -5.42% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.28% | -0.48% |
Volatility
SNAZ.DE vs. XQUD.DE - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) have volatilities of 1.09% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNAZ.DE | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.14% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.77% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 5.73% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 7.94% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 7.94% | -0.31% |
SNAZ.DE vs. XQUD.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than XQUD.DE's 0.45% expense ratio.
Dividends
SNAZ.DE vs. XQUD.DE - Dividend Comparison
Neither SNAZ.DE nor XQUD.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and XQUD.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQUD.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQUD.DE is cheaper with a 0.45% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.53% for SNAZ.DE and 0.45% for XQUD.DE.
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