XUEB.DE vs. 3SUD.DE
XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and 3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) are both Emerging Markets Bonds funds - XUEB.DE tracks the JPM EMBI Global Diversified TR USD while 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, XUEB.DE returned 2.85%/yr vs -0.28%/yr for 3SUD.DE. A 0.53 correlation means they provide meaningful diversification when combined. XUEB.DE charges 0.25%/yr vs 0.50%/yr for 3SUD.DE.
Performance
XUEB.DE vs. 3SUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEB.DE achieves a 3.66% return, which is significantly higher than 3SUD.DE's 0.90% return.
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.69%
- YTD
- 3.66%
- 6M
- 3.38%
- 1Y
- 10.40%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
3SUD.DE
- 1D
- 0.21%
- 1M
- -0.03%
- YTD
- 0.90%
- 6M
- 1.33%
- 1Y
- 9.11%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 10Y*
- —
XUEB.DE vs. 3SUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -0.25% |
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.90% | 11.55% | 3.78% | 7.69% | -20.75% | -3.48% | 11.60% |
Correlation
The correlation between XUEB.DE and 3SUD.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 25, 2020 | 0.53 |
Over the past year, the correlation between XUEB.DE and 3SUD.DE has dropped to 0.29 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
XUEB.DE vs. 3SUD.DE — Risk / Return Rank
XUEB.DE
3SUD.DE
XUEB.DE vs. 3SUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) and iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.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.
| XUEB.DE | 3SUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.93 | +1.90 |
| Martin ratioReturn relative to average drawdown | 10.83 | 7.66 | +3.17 |
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
| XUEB.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.65 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | -0.03 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.08 | +0.17 |
Drawdowns
XUEB.DE vs. 3SUD.DE - Drawdown Comparison
The maximum XUEB.DE drawdown since its inception was -17.41%, smaller than the maximum 3SUD.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for XUEB.DE and 3SUD.DE.
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Drawdown Indicators
| XUEB.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -30.78% | +13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -4.61% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -7.82% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | -30.57% | +13.16% |
Current DrawdownCurrent decline from peak | -0.40% | -3.78% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -11.11% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.17% | -0.21% |
Volatility
XUEB.DE vs. 3SUD.DE - Volatility Comparison
The current volatility for Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) is 1.29%, while iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a volatility of 1.89%. This indicates that XUEB.DE experiences smaller price fluctuations and is considered to be less risky than 3SUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEB.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.89% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 4.36% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.41% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.70% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 10.44% | -1.88% |
XUEB.DE vs. 3SUD.DE - Expense Ratio Comparison
XUEB.DE has a 0.25% expense ratio, which is lower than 3SUD.DE's 0.50% expense ratio.
Dividends
XUEB.DE vs. 3SUD.DE - Dividend Comparison
Neither XUEB.DE nor 3SUD.DE has paid dividends to shareholders.
Frequently Asked Questions
XUEB.DE and 3SUD.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for 3SUD.DE.
XUEB.DE tracks JPM EMBI Global Diversified TR USD, while 3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUEB.DE and 0.50% for 3SUD.DE.
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