XQUD.DE vs. 36B1.DE
XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 3 years, XQUD.DE returned 3.78%/yr vs 7.32%/yr for 36B1.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
XQUD.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUD.DE achieves a 2.96% return, which is significantly lower than 36B1.DE's 4.50% return.
XQUD.DE
- 1D
- 0.00%
- 1M
- 0.25%
- 6M
- 1.78%
- YTD
- 2.96%
- 1Y
- 7.40%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
36B1.DE
- 1D
- 0.26%
- 1M
- 0.79%
- 6M
- 3.14%
- YTD
- 4.50%
- 1Y
- 10.75%
- 3Y*
- 7.32%
- 5Y*
- 1.88%
- 10Y*
- —
XQUD.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 2.96% | -1.36% | 5.23% | 3.70% | -0.19% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.50% | 0.52% | 11.39% | 6.09% | 0.69% |
Correlation
The correlation between XQUD.DE and 36B1.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.89 |
The correlation between XQUD.DE and 36B1.DE has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
XQUD.DE vs. 36B1.DE — Risk / Return Rank
XQUD.DE
36B1.DE
XQUD.DE vs. 36B1.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 (XQUD.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.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.
| XQUD.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.73 | -1.79 |
| Martin ratioReturn relative to average drawdown | 5.79 | 10.56 | -4.77 |
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Drawdowns
XQUD.DE vs. 36B1.DE - Drawdown Comparison
The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum 36B1.DE drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and 36B1.DE.
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Drawdown Indicators
| XQUD.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -22.35% | +10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -2.87% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -12.32% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -2.05% | -1.28% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -8.65% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.02% | +0.26% |
Volatility
XQUD.DE vs. 36B1.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) is 1.14%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.29%. This indicates that XQUD.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQUD.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.29% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 4.07% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 6.02% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 8.51% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 10.17% | -2.23% |
XQUD.DE vs. 36B1.DE - Expense Ratio Comparison
Both XQUD.DE and 36B1.DE have an expense ratio of 0.45%.
Dividends
XQUD.DE vs. 36B1.DE - Dividend Comparison
XQUD.DE has not paid dividends to shareholders, while 36B1.DE's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.66% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 2.35% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XQUD.DE and 36B1.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XQUD.DE and 36B1.DE have the same expense ratio: 0.45% per year.
XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: Xtrackers and iShares.
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