XQUE.DE vs. 36B1.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, XQUE.DE returned -2.36%/yr vs 2.41%/yr for 36B1.DE. At a 0.45 correlation, their price movements are largely independent. XQUE.DE charges 0.50%/yr vs 0.45%/yr for 36B1.DE.
Performance
XQUE.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUE.DE achieves a 0.49% return, which is significantly lower than 36B1.DE's 5.59% return.
XQUE.DE
- 1D
- 0.36%
- 1M
- 1.20%
- YTD
- 0.49%
- 6M
- 0.61%
- 1Y
- 5.47%
- 3Y*
- 2.83%
- 5Y*
- -2.36%
- 10Y*
- —
36B1.DE
- 1D
- -0.26%
- 1M
- 3.73%
- YTD
- 5.59%
- 6M
- 5.87%
- 1Y
- 12.51%
- 3Y*
- 7.12%
- 5Y*
- 2.41%
- 10Y*
- —
XQUE.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 0.49% | 8.45% | -2.21% | 4.90% | -19.86% | -2.86% | 5.15% | 11.65% | 0.00% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.59% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -3.83% | 3.83% | -0.76% |
Correlation
The correlation between XQUE.DE and 36B1.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.45 |
The correlation between XQUE.DE and 36B1.DE shifts across timeframes, from 0.33 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XQUE.DE vs. 36B1.DE — Risk / Return Rank
XQUE.DE
36B1.DE
XQUE.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 EUR Hedged (XQUE.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.
| XQUE.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 4.34 | -3.02 |
| Martin ratioReturn relative to average drawdown | 3.95 | 12.59 | -8.64 |
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Drawdowns
XQUE.DE vs. 36B1.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -28.45%, which is greater than 36B1.DE's maximum drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and 36B1.DE.
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Drawdown Indicators
| XQUE.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -22.35% | -6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -2.87% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.80% | -12.32% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -28.06% | -16.23% | -11.83% |
Current DrawdownCurrent decline from peak | -12.97% | -0.26% | -12.71% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -8.50% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.99% | +0.39% |
Volatility
XQUE.DE vs. 36B1.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged (XQUE.DE) is 1.42%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.67%. This indicates that XQUE.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
| XQUE.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.67% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 4.13% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 6.15% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.40% | 8.53% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 10.18% | -1.22% |
XQUE.DE vs. 36B1.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than 36B1.DE's 0.45% expense ratio.
Dividends
XQUE.DE vs. 36B1.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 4.42%, less than 36B1.DE's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.61% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 4.65% | 0.44% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 4.42% | 4.55% | 4.62% | 4.12% | 7.39% | 3.89% | 10.60% | 4.37% | 1.26% |
Frequently Asked Questions
XQUE.DE and 36B1.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B1.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B1.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for XQUE.DE.
XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged), while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.50% for XQUE.DE and 0.45% for 36B1.DE.
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