SXRM.DE vs. CEMB
SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) and CEMB (iShares J.P. Morgan EM Corporate Bond ETF) are both exchange-traded funds - SXRM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year, while CEMB is a Corporate Bonds fund tracking the JP Morgan CEMBI Broad Diversified. Both are passively managed. Over the past 10 years, SXRM.DE returned 0.67%/yr vs 3.55%/yr for CEMB. At a 0.25 correlation, their price movements are largely independent. SXRM.DE charges 0.07%/yr vs 0.50%/yr for CEMB.
Performance
SXRM.DE vs. CEMB - Performance Comparison
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Returns By Period
In the year-to-date period, SXRM.DE achieves a -0.59% return, which is significantly lower than CEMB's 1.54% return. Over the past 10 years, SXRM.DE has underperformed CEMB with an annualized return of 0.67%, while CEMB has yielded a comparatively higher 3.55% annualized return.
SXRM.DE
- 1D
- 0.38%
- 1M
- 0.09%
- YTD
- -0.59%
- 6M
- 0.05%
- 1Y
- 4.19%
- 3Y*
- 2.95%
- 5Y*
- -1.07%
- 10Y*
- 0.67%
CEMB
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.54%
- 6M
- 1.92%
- 1Y
- 6.95%
- 3Y*
- 7.15%
- 5Y*
- 1.92%
- 10Y*
- 3.55%
SXRM.DE vs. CEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.59% | 8.56% | -0.51% | 3.57% | -14.86% | -3.03% | 9.73% | 9.02% | 0.39% | 2.66% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.54% | 8.86% | 5.81% | 8.37% | -12.58% | -0.59% | 6.77% | 13.90% | -2.57% | 7.11% |
Correlation
The correlation between SXRM.DE and CEMB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2012 | 0.25 |
Over the past year, SXRM.DE and CEMB have become more correlated (0.52) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
SXRM.DE vs. CEMB — Risk / Return Rank
SXRM.DE
CEMB
SXRM.DE vs. CEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). 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.
| SXRM.DE | CEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.42 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.31 | -1.38 |
| Martin ratioReturn relative to average drawdown | 2.74 | 9.95 | -7.21 |
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Drawdowns
SXRM.DE vs. CEMB - Drawdown Comparison
The maximum SXRM.DE drawdown since its inception was -23.31%, which is greater than CEMB's maximum drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for SXRM.DE and CEMB.
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Drawdown Indicators
| SXRM.DE | CEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -20.84% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -2.88% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -3.85% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.90% | -20.48% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -20.84% | -2.47% |
Current DrawdownCurrent decline from peak | -10.34% | -0.20% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -3.65% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.67% | +0.70% |
Volatility
SXRM.DE vs. CEMB - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) has a higher volatility of 1.86% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 1.20%. This indicates that SXRM.DE's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRM.DE | CEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.20% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 2.50% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 3.11% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 5.64% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 6.29% | +0.01% |
SXRM.DE vs. CEMB - Expense Ratio Comparison
SXRM.DE has a 0.07% expense ratio, which is lower than CEMB's 0.50% expense ratio.
Dividends
SXRM.DE vs. CEMB - Dividend Comparison
SXRM.DE has not paid dividends to shareholders, while CEMB's dividend yield for the trailing twelve months is around 5.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 5.13% | 5.14% | 5.11% | 4.77% | 4.29% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.26% | 4.76% |
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SXRM.DE and CEMB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRM.DE is cheaper with a 0.07% expense ratio, compared with 0.50% for CEMB.
SXRM.DE is categorized as Government Bonds, while CEMB is Corporate Bonds. SXRM.DE tracks ICE US Treasury 7-10 Year, while CEMB tracks JP Morgan CEMBI Broad Diversified. Their fees differ too: 0.07% for SXRM.DE and 0.50% for CEMB.
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