SXRS.DE vs. SEML.L
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 1.84%/yr for SEML.L. At a 0.23 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.50%/yr for SEML.L.
Performance
SXRS.DE vs. SEML.L - Performance Comparison
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Different Trading Currencies
SXRS.DE is traded in EUR, while SEML.L is traded in GBP. To make them comparable, the SEML.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than SEML.L's 1.31% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.59%
- YTD
- 23.84%
- 6M
- 24.74%
- 1Y
- 33.81%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
SEML.L
- 1D
- -0.15%
- 1M
- 0.41%
- YTD
- 1.31%
- 6M
- 1.75%
- 1Y
- 6.39%
- 3Y*
- 3.73%
- 5Y*
- 1.84%
- 10Y*
- 2.07%
SXRS.DE vs. SEML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 1.31% | 4.56% | 3.57% | 7.65% | -5.38% | -3.59% | -6.90% | 15.09% | -1.49% |
Correlation
The correlation between SXRS.DE and SEML.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.23 |
The correlation between SXRS.DE and SEML.L shifts across timeframes, from -0.02 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. SEML.L — Risk / Return Rank
SXRS.DE
SEML.L
SXRS.DE vs. SEML.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L). 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.
| SXRS.DE | SEML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.63 | +2.38 |
| Martin ratioReturn relative to average drawdown | 8.95 | 5.43 | +3.52 |
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
| SXRS.DE | SEML.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.13 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.26 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.06 | +0.59 |
Drawdowns
SXRS.DE vs. SEML.L - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum SEML.L drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and SEML.L.
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Drawdown Indicators
| SXRS.DE | SEML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -41.37% | +13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -3.92% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -7.68% | -8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -10.13% | -17.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.93% | — |
Current DrawdownCurrent decline from peak | -4.99% | -11.24% | +6.25% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -23.78% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 1.17% | +2.75% |
Volatility
SXRS.DE vs. SEML.L - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) at 1.68%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier than SEML.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | SEML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 1.68% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 4.38% | +12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 5.62% | +13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 7.19% | +9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 8.72% | +7.13% |
SXRS.DE vs. SEML.L - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than SEML.L's 0.50% expense ratio.
Dividends
SXRS.DE vs. SEML.L - Dividend Comparison
SXRS.DE has not paid dividends to shareholders, while SEML.L's dividend yield for the trailing twelve months is around 6.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 6.89% | 5.44% | 5.56% | 5.05% | 5.25% | 4.58% | 5.13% | 5.44% | 7.30% | 6.75% | 6.78% | 5.18% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 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
SXRS.DE and SEML.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.50% for SEML.L.
SXRS.DE is categorized as Commodities, while SEML.L is Emerging Markets Bonds. SXRS.DE tracks Bloomberg Commodity, while SEML.L tracks JPM GBI-EM Global Diversified TR USD. Their fees differ too: 0.19% for SXRS.DE and 0.50% for SEML.L.
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