SNAZ.DE vs. XUEB.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while XUEB.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.19%/yr vs 2.35%/yr for XUEB.DE. At a 0.37 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.25%/yr for XUEB.DE.
Performance
SNAZ.DE vs. XUEB.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 XUEB.DE's 5.18% 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*
- —
XUEB.DE
- 1D
- 0.00%
- 1M
- 0.48%
- 6M
- 3.56%
- YTD
- 5.18%
- 1Y
- 12.08%
- 3Y*
- 8.26%
- 5Y*
- 2.35%
- 10Y*
- —
SNAZ.DE vs. XUEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.95% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 5.18% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -10.39% |
Correlation
The correlation between SNAZ.DE and XUEB.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2020 | 0.37 |
The correlation between SNAZ.DE and XUEB.DE shifts across timeframes, from 0.28 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SNAZ.DE vs. XUEB.DE — Risk / Return Rank
SNAZ.DE
XUEB.DE
SNAZ.DE vs. XUEB.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 II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.84 | +0.41 |
| Martin ratioReturn relative to average drawdown | 4.53 | 1.20 | +3.33 |
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Drawdowns
SNAZ.DE vs. XUEB.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, roughly equal to the maximum XUEB.DE drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and XUEB.DE.
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Drawdown Indicators
| SNAZ.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -21.07% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -14.33% | +11.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -14.33% | +10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -17.41% | -4.47% |
Current DrawdownCurrent decline from peak | -1.73% | -8.83% | +7.10% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -11.21% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 10.06% | -9.26% |
Volatility
SNAZ.DE vs. XUEB.DE - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) has a higher volatility of 1.09% compared to Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) at 1.00%. This indicates that SNAZ.DE's price experiences larger fluctuations and is considered to be riskier than XUEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNAZ.DE | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.00% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.99% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 21.57% | -18.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 12.71% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 12.80% | -5.17% |
SNAZ.DE vs. XUEB.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
SNAZ.DE vs. XUEB.DE - Dividend Comparison
Neither SNAZ.DE nor XUEB.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and XUEB.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.53% for SNAZ.DE.
SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while XUEB.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.53% for SNAZ.DE and 0.25% for XUEB.DE.
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