XQUD.DE vs. IS02.DE
XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 3 years, XQUD.DE returned 2.35%/yr vs 6.78%/yr for IS02.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
XQUD.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUD.DE achieves a 1.98% return, which is significantly lower than IS02.DE's 2.97% return.
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.14%
- YTD
- 1.98%
- 6M
- 1.13%
- 1Y
- 6.03%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
XQUD.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | 1.54% |
Correlation
The correlation between XQUD.DE and IS02.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.93 |
The correlation between XQUD.DE and IS02.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
XQUD.DE vs. IS02.DE — Risk / Return Rank
XQUD.DE
IS02.DE
XQUD.DE vs. IS02.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 USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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.
| XQUD.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.11 | -1.55 |
| Martin ratioReturn relative to average drawdown | 4.64 | 8.98 | -4.34 |
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
| XQUD.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.57 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.27 | +0.02 |
Drawdowns
XQUD.DE vs. IS02.DE - Drawdown Comparison
The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum IS02.DE drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and IS02.DE.
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Drawdown Indicators
| XQUD.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -16.21% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -3.00% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -12.85% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.21% | — |
Current DrawdownCurrent decline from peak | -2.99% | 0.00% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -5.92% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.04% | +0.26% |
Volatility
XQUD.DE vs. IS02.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) is 1.12%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) has a volatility of 1.19%. This indicates that XQUD.DE experiences smaller price fluctuations and is considered to be less risky than IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.19% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 3.97% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 5.94% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 8.53% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 8.34% | -0.36% |
XQUD.DE vs. IS02.DE - Expense Ratio Comparison
Both XQUD.DE and IS02.DE have an expense ratio of 0.45%.
Dividends
XQUD.DE vs. IS02.DE - Dividend Comparison
Neither XQUD.DE nor IS02.DE has paid dividends to shareholders.
Frequently Asked Questions
XQUD.DE and IS02.DE have a correlation of 0.89, 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 IS02.DE have the same expense ratio: 0.45% per year.
XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: Xtrackers and iShares.
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