SXRM.DE vs. EMB
SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) and EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) are both exchange-traded funds - SXRM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year, while EMB is a Emerging Markets Bonds fund tracking the JPMorgan EMBI Global Core Index. Both are passively managed. Over the past 10 years, SXRM.DE returned 0.67%/yr vs 3.39%/yr for EMB. At a 0.28 correlation, their price movements are largely independent. SXRM.DE charges 0.07%/yr vs 0.39%/yr for EMB.
Performance
SXRM.DE vs. EMB - 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 EMB's 2.29% return. Over the past 10 years, SXRM.DE has underperformed EMB with an annualized return of 0.67%, while EMB has yielded a comparatively higher 3.39% 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%
EMB
- 1D
- 0.09%
- 1M
- 1.29%
- YTD
- 2.29%
- 6M
- 2.72%
- 1Y
- 11.53%
- 3Y*
- 9.63%
- 5Y*
- 1.79%
- 10Y*
- 3.39%
SXRM.DE vs. EMB - 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% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2.29% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
Correlation
The correlation between SXRM.DE and EMB is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.28 |
Over the past year, SXRM.DE and EMB have become more correlated (0.58) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
SXRM.DE vs. EMB — Risk / Return Rank
SXRM.DE
EMB
SXRM.DE vs. EMB - 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 USD Emerging Markets Bond ETF (EMB). 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 | EMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.41 | -1.48 |
| Martin ratioReturn relative to average drawdown | 2.74 | 10.28 | -7.54 |
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Drawdowns
SXRM.DE vs. EMB - Drawdown Comparison
The maximum SXRM.DE drawdown since its inception was -23.31%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for SXRM.DE and EMB.
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Drawdown Indicators
| SXRM.DE | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -34.70% | +11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -4.51% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -7.95% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.90% | -28.74% | +7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -28.74% | +5.43% |
Current DrawdownCurrent decline from peak | -10.34% | 0.00% | -10.34% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -5.05% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.06% | +0.31% |
Volatility
SXRM.DE vs. EMB - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) is 1.86%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 2.02%. This indicates that SXRM.DE experiences smaller price fluctuations and is considered to be less risky than EMB 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 | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 2.02% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 4.66% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 5.67% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 9.76% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 9.96% | -3.66% |
SXRM.DE vs. EMB - Expense Ratio Comparison
SXRM.DE has a 0.07% expense ratio, which is lower than EMB's 0.39% expense ratio.
Dividends
SXRM.DE vs. EMB - Dividend Comparison
SXRM.DE has not paid dividends to shareholders, while EMB's dividend yield for the trailing twelve months is around 5.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.03% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
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 EMB have a correlation of 0.58, 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 0.39% for EMB.
SXRM.DE is categorized as Government Bonds, while EMB is Emerging Markets Bonds. SXRM.DE tracks ICE US Treasury 7-10 Year, while EMB tracks JPMorgan EMBI Global Core Index. Their fees differ too: 0.07% for SXRM.DE and 0.39% for EMB.
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