SNAZ.DE vs. XUEM.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds - SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged) while XUEM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, SNAZ.DE returned -0.08%/yr vs 2.65%/yr for XUEM.DE. At a 0.37 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.25%/yr for XUEM.DE.
Performance
SNAZ.DE vs. XUEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.98% return, which is significantly lower than XUEM.DE's 5.97% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
XUEM.DE
- 1D
- 0.19%
- 1M
- 2.12%
- 6M
- 6.07%
- YTD
- 5.97%
- 1Y
- 13.91%
- 3Y*
- 7.90%
- 5Y*
- 2.65%
- 10Y*
- —
SNAZ.DE vs. XUEM.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) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.97% | 1.05% | 12.16% | 7.17% | -14.21% | 5.47% | -4.81% |
Correlation
The correlation between SNAZ.DE and XUEM.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.37 |
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Return for Risk
SNAZ.DE vs. XUEM.DE — Risk / Return Rank
SNAZ.DE
XUEM.DE
SNAZ.DE vs. XUEM.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 USD Emerging Markets Bond UCITS ETF 2D (XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 5.15 | -3.77 |
| Martin ratioReturn relative to average drawdown | 5.14 | 15.44 | -10.30 |
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Drawdowns
SNAZ.DE vs. XUEM.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, smaller than the maximum XUEM.DE drawdown of -26.81%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and XUEM.DE.
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Drawdown Indicators
| SNAZ.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -26.81% | +4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.69% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -13.41% | +9.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -17.53% | -4.35% |
Current DrawdownCurrent decline from peak | -1.34% | -0.56% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -10.07% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.90% | -0.11% |
Volatility
SNAZ.DE vs. XUEM.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) is 0.91%, while Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) has a volatility of 1.39%. This indicates that SNAZ.DE experiences smaller price fluctuations and is considered to be less risky than XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.39% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 3.90% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 6.12% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 8.73% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 11.76% | -4.11% |
SNAZ.DE vs. XUEM.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than XUEM.DE's 0.25% expense ratio.
Dividends
SNAZ.DE vs. XUEM.DE - Dividend Comparison
SNAZ.DE has not paid dividends to shareholders, while XUEM.DE's dividend yield for the trailing twelve months is around 5.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.09% | 5.56% | 6.56% | 5.40% | 5.95% | 8.12% | 4.58% | 0.61% |
Frequently Asked Questions
SNAZ.DE and XUEM.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.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 XUEM.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 XUEM.DE.
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