XQUE.DE vs. IS02.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, XQUE.DE returned -2.64%/yr vs 2.88%/yr for IS02.DE. A 0.53 correlation means they provide meaningful diversification when combined. XQUE.DE charges 0.50%/yr vs 0.45%/yr for IS02.DE.
Performance
XQUE.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUE.DE achieves a -0.31% return, which is significantly lower than IS02.DE's 2.97% return.
XQUE.DE
- 1D
- 0.16%
- 1M
- -0.09%
- YTD
- -0.31%
- 6M
- -0.44%
- 1Y
- 4.92%
- 3Y*
- 2.56%
- 5Y*
- -2.64%
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.39%
- YTD
- 2.97%
- 6M
- 2.43%
- 1Y
- 9.76%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
XQUE.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | -3.52% | 3.12% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between XQUE.DE and IS02.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.53 |
The correlation between XQUE.DE and IS02.DE shifts across timeframes, from 0.36 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XQUE.DE vs. IS02.DE — Risk / Return Rank
XQUE.DE
IS02.DE
XQUE.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 EUR Hedged (XQUE.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.
| XQUE.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.11 | -2.01 |
| Martin ratioReturn relative to average drawdown | 3.42 | 8.98 | -5.57 |
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
| XQUE.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.57 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.33 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.27 | -0.39 |
Drawdowns
XQUE.DE vs. IS02.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -29.15%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and IS02.DE.
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Drawdown Indicators
| XQUE.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -16.21% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -3.00% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -12.85% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -16.21% | -12.07% |
Current DrawdownCurrent decline from peak | -15.48% | 0.00% | -15.48% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -5.92% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.04% | +0.39% |
Volatility
XQUE.DE vs. IS02.DE - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged (XQUE.DE) has a higher volatility of 1.67% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that XQUE.DE's price experiences larger fluctuations and is considered to be riskier 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
| XQUE.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.19% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.97% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.94% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 8.53% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.00% | 8.34% | +0.66% |
XQUE.DE vs. IS02.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than IS02.DE's 0.45% expense ratio.
Dividends
XQUE.DE vs. IS02.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 3.79%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 3.79% | 4.16% | 4.20% | 3.82% | 7.06% | 3.21% | 9.32% | 3.88% | 1.02% |
Frequently Asked Questions
XQUE.DE and IS02.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS02.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS02.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 IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.50% for XQUE.DE and 0.45% for IS02.DE.
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