SXRQ.DE vs. IEMG
SXRQ.DE (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and IEMG (iShares Core MSCI Emerging Markets ETF) are both exchange-traded funds - SXRQ.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 10, while IEMG is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Both are passively managed. Over the past 10 years, SXRQ.DE returned -0.18%/yr vs 9.23%/yr for IEMG. At a 0.04 correlation, their price movements are largely independent. SXRQ.DE charges 0.15%/yr vs 0.09%/yr for IEMG.
Performance
SXRQ.DE vs. IEMG - Performance Comparison
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Different Trading Currencies
SXRQ.DE is traded in EUR, while IEMG is traded in USD. To make them comparable, the IEMG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRQ.DE achieves a 0.06% return, which is significantly lower than IEMG's 19.27% return. Over the past 10 years, SXRQ.DE has underperformed IEMG with an annualized return of -0.18%, while IEMG has yielded a comparatively higher 9.23% annualized return.
SXRQ.DE
- 1D
- 0.03%
- 1M
- 0.05%
- YTD
- 0.06%
- 6M
- 0.07%
- 1Y
- 0.71%
- 3Y*
- 2.62%
- 5Y*
- -2.34%
- 10Y*
- -0.18%
IEMG
- 1D
- -5.65%
- 1M
- -2.87%
- YTD
- 19.27%
- 6M
- 19.88%
- 1Y
- 38.09%
- 3Y*
- 17.18%
- 5Y*
- 7.11%
- 10Y*
- 9.23%
SXRQ.DE vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRQ.DE iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.06% | 1.69% | 0.90% | 8.71% | -19.90% | -3.09% | 4.11% | 6.70% | 1.22% | 0.85% |
IEMG iShares Core MSCI Emerging Markets ETF | 19.27% | 16.83% | 13.53% | 8.18% | -15.02% | 6.79% | 8.15% | 20.48% | -10.93% | 20.50% |
Correlation
The correlation between SXRQ.DE and IEMG 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012 | 0.04 |
Over the past year, SXRQ.DE and IEMG have become more correlated (0.28) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
SXRQ.DE vs. IEMG — Risk / Return Rank
SXRQ.DE
IEMG
SXRQ.DE vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.DE) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| SXRQ.DE | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.39 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 3.62 | -3.58 |
| Martin ratioReturn relative to average drawdown | 0.10 | 13.03 | -12.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXRQ.DE | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 2.01 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.42 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.48 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.04 |
Drawdowns
SXRQ.DE vs. IEMG - Drawdown Comparison
The maximum SXRQ.DE drawdown since its inception was -23.28%, smaller than the maximum IEMG drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for SXRQ.DE and IEMG.
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Drawdown Indicators
| SXRQ.DE | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -34.49% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -10.58% | +6.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -17.88% | +13.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -22.55% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -23.28% | -32.63% | +9.35% |
Current DrawdownCurrent decline from peak | -13.74% | -7.69% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -9.17% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.93% | -1.38% |
Volatility
SXRQ.DE vs. IEMG - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (SXRQ.DE) is 1.84%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 9.29%. This indicates that SXRQ.DE experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRQ.DE | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 9.29% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 16.56% | -12.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 19.03% | -14.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 16.85% | -9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 19.27% | -13.30% |
SXRQ.DE vs. IEMG - Expense Ratio Comparison
SXRQ.DE has a 0.15% expense ratio, which is higher than IEMG's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXRQ.DE vs. IEMG - Dividend Comparison
SXRQ.DE has not paid dividends to shareholders, while IEMG's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.35% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
SXRQ.DE iShares Euro Government 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
SXRQ.DE and IEMG 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, IEMG is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEMG is cheaper with a 0.09% expense ratio, compared with 0.15% for SXRQ.DE.
SXRQ.DE is categorized as European Government Bonds, while IEMG is Emerging Markets Diversified. SXRQ.DE tracks Bloomberg Euro Government Bond 10, while IEMG tracks MSCI Emerging Markets Investable Market Index (USD) (Net). Their fees differ too: 0.15% for SXRQ.DE and 0.09% for IEMG.
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