XQUA.DE vs. SNAZ.DE
XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds - XQUA.DE tracks the JPM EMBI Global Diversified TR USD while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, XQUA.DE returned 0.12%/yr vs -0.19%/yr for SNAZ.DE. At a 0.35 correlation, their price movements are largely independent. XQUA.DE charges 0.45%/yr vs 0.53%/yr for SNAZ.DE.
Performance
XQUA.DE vs. SNAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUA.DE achieves a 3.11% return, which is significantly higher than SNAZ.DE's 0.59% return.
XQUA.DE
- 1D
- -0.22%
- 1M
- 0.44%
- 6M
- 2.55%
- YTD
- 3.11%
- 1Y
- 7.86%
- 3Y*
- 3.90%
- 5Y*
- 0.12%
- 10Y*
- 1.36%
SNAZ.DE
- 1D
- 0.20%
- 1M
- 0.00%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.85%
- 3Y*
- 4.86%
- 5Y*
- -0.19%
- 10Y*
- —
XQUA.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.11% | -1.36% | 5.24% | 3.95% | -12.55% | 6.78% | -3.84% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
Correlation
The correlation between XQUA.DE and SNAZ.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.35 |
The correlation between XQUA.DE and SNAZ.DE shifts across timeframes, from 0.19 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XQUA.DE vs. SNAZ.DE — Risk / Return Rank
XQUA.DE
SNAZ.DE
XQUA.DE vs. SNAZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) and iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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.
| XQUA.DE | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.32 | +0.61 |
| Martin ratioReturn relative to average drawdown | 5.79 | 4.83 | +0.97 |
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Drawdowns
XQUA.DE vs. SNAZ.DE - Drawdown Comparison
The maximum XQUA.DE drawdown since its inception was -20.21%, smaller than the maximum SNAZ.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for XQUA.DE and SNAZ.DE.
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Drawdown Indicators
| XQUA.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.21% | -21.88% | +1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -2.91% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -3.82% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.16% | -21.88% | +5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -20.21% | — | — |
Current DrawdownCurrent decline from peak | -5.07% | -1.73% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -7.61% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.80% | +0.55% |
Volatility
XQUA.DE vs. SNAZ.DE - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) has a higher volatility of 1.59% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 0.98%. This indicates that XQUA.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQUA.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 0.98% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 2.77% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.22% | 3.40% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 5.06% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.81% | 7.63% | +1.18% |
XQUA.DE vs. SNAZ.DE - Expense Ratio Comparison
XQUA.DE has a 0.45% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
XQUA.DE vs. SNAZ.DE - Dividend Comparison
XQUA.DE's dividend yield for the trailing twelve months is around 4.52%, while SNAZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 4.52% | 4.80% | 4.40% | 4.34% | 7.07% | 3.83% | 4.92% | 4.19% | 3.08% | 3.74% |
Frequently Asked Questions
XQUA.DE and SNAZ.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQUA.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQUA.DE is cheaper with a 0.45% expense ratio, compared with 0.53% for SNAZ.DE.
XQUA.DE tracks JPM EMBI Global Diversified TR USD, while SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.45% for XQUA.DE and 0.53% for SNAZ.DE.
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