XQUD.DE vs. SNAZ.DE
XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 3 years, XQUD.DE returned 3.78%/yr vs 4.79%/yr for SNAZ.DE. At a 0.38 correlation, their price movements are largely independent. XQUD.DE charges 0.45%/yr vs 0.53%/yr for SNAZ.DE.
Performance
XQUD.DE vs. SNAZ.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 higher than SNAZ.DE's 0.59% return.
XQUD.DE
- 1D
- 0.00%
- 1M
- 0.25%
- 6M
- 1.78%
- YTD
- 2.96%
- 1Y
- 7.40%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
SNAZ.DE
- 1D
- 0.39%
- 1M
- -0.19%
- 6M
- 0.39%
- YTD
- 0.59%
- 1Y
- 3.64%
- 3Y*
- 4.79%
- 5Y*
- -0.19%
- 10Y*
- —
XQUD.DE vs. SNAZ.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% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.59% | 6.26% | 4.36% | 5.28% | 0.00% |
Correlation
The correlation between XQUD.DE and SNAZ.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.38 |
The correlation between XQUD.DE and SNAZ.DE shifts across timeframes, from 0.26 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XQUD.DE vs. SNAZ.DE — Risk / Return Rank
XQUD.DE
SNAZ.DE
XQUD.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 (XQUD.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.
| XQUD.DE | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.25 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.79 | 4.53 | +1.25 |
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Drawdowns
XQUD.DE vs. SNAZ.DE - Drawdown Comparison
The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum SNAZ.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and SNAZ.DE.
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Drawdown Indicators
| XQUD.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -21.88% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -2.91% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -3.82% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -2.05% | -1.73% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -7.60% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 0.80% | +0.48% |
Volatility
XQUD.DE vs. SNAZ.DE - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) and iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) have volatilities of 1.14% and 1.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQUD.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.09% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 2.81% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 3.45% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 5.07% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 7.63% | +0.31% |
XQUD.DE vs. SNAZ.DE - Expense Ratio Comparison
XQUD.DE has a 0.45% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
XQUD.DE vs. SNAZ.DE - Dividend Comparison
Neither XQUD.DE nor SNAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
XQUD.DE and SNAZ.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQUD.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQUD.DE is cheaper with a 0.45% expense ratio, compared with 0.53% for SNAZ.DE.
XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, 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 XQUD.DE and 0.53% for SNAZ.DE.
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