XUEB.DE vs. SLMG.DE
XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - XUEB.DE tracks the JPM EMBI Global Diversified TR USD while SLMG.DE tracks the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 5 years, XUEB.DE returned 2.85%/yr vs -0.86%/yr for SLMG.DE. A 0.52 correlation means they provide meaningful diversification when combined. XUEB.DE charges 0.25%/yr vs 0.50%/yr for SLMG.DE.
Performance
XUEB.DE vs. SLMG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUEB.DE achieves a 3.66% return, which is significantly higher than SLMG.DE's 0.76% 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*
- —
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.80%
- YTD
- 0.76%
- 6M
- 1.17%
- 1Y
- 8.09%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 10Y*
- —
XUEB.DE vs. SLMG.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% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | 3.21% | 7.05% | -21.25% | -3.90% | 10.66% |
Correlation
The correlation between XUEB.DE and SLMG.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
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 | 0.52 |
Over the past year, the correlation between XUEB.DE and SLMG.DE has dropped to 0.28 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUEB.DE vs. SLMG.DE — Risk / Return Rank
XUEB.DE
SLMG.DE
XUEB.DE vs. SLMG.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 ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.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 | SLMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.70 | +2.13 |
| Martin ratioReturn relative to average drawdown | 10.83 | 6.65 | +4.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XUEB.DE | SLMG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.44 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | -0.10 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.01 | +0.26 |
Drawdowns
XUEB.DE vs. SLMG.DE - Drawdown Comparison
The maximum XUEB.DE drawdown since its inception was -17.41%, smaller than the maximum SLMG.DE drawdown of -31.13%. Use the drawdown chart below to compare losses from any high point for XUEB.DE and SLMG.DE.
Loading charts...
Drawdown Indicators
| XUEB.DE | SLMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -31.13% | +13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -4.74% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -7.88% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | -30.75% | +13.34% |
Current DrawdownCurrent decline from peak | -0.40% | -6.55% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -12.84% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.21% | -0.25% |
Volatility
XUEB.DE vs. SLMG.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 ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) has a volatility of 1.96%. This indicates that XUEB.DE experiences smaller price fluctuations and is considered to be less risky than SLMG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUEB.DE | SLMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.96% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 4.58% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.61% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.36% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 9.69% | -1.13% |
XUEB.DE vs. SLMG.DE - Expense Ratio Comparison
XUEB.DE has a 0.25% expense ratio, which is lower than SLMG.DE's 0.50% expense ratio.
Dividends
XUEB.DE vs. SLMG.DE - Dividend Comparison
Neither XUEB.DE nor SLMG.DE has paid dividends to shareholders.
Frequently Asked Questions
XUEB.DE and SLMG.DE have a correlation of 0.28, 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 SLMG.DE.
XUEB.DE tracks JPM EMBI Global Diversified TR USD, while SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUEB.DE and 0.50% for SLMG.DE.
Find the right allocation for XUEB.DE and SLMG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer