XUEB.DE vs. SNAZ.DE
XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) are both Emerging Markets Bonds funds - XUEB.DE tracks the JPM EMBI Global Diversified TR USD while SNAZ.DE tracks the J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged). Both are passively managed. Over the past 5 years, XUEB.DE returned 2.62%/yr vs -0.08%/yr for SNAZ.DE. At a 0.37 correlation, their price movements are largely independent. XUEB.DE charges 0.25%/yr vs 0.53%/yr for SNAZ.DE.
Performance
XUEB.DE vs. SNAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEB.DE achieves a 5.71% return, which is significantly higher than SNAZ.DE's 0.98% return.
XUEB.DE
- 1D
- 0.00%
- 1M
- 1.87%
- 6M
- 5.81%
- YTD
- 5.71%
- 1Y
- 13.58%
- 3Y*
- 7.83%
- 5Y*
- 2.62%
- 10Y*
- —
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
XUEB.DE vs. SNAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 5.71% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -10.39% |
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.95% |
Correlation
The correlation between XUEB.DE and SNAZ.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2020 | 0.37 |
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Return for Risk
XUEB.DE vs. SNAZ.DE — Risk / Return Rank
XUEB.DE
SNAZ.DE
XUEB.DE vs. SNAZ.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 $ 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.
| XUEB.DE | SNAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.39 | -0.44 |
| Martin ratioReturn relative to average drawdown | 1.37 | 5.14 | -3.77 |
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Drawdowns
XUEB.DE vs. SNAZ.DE - Drawdown Comparison
The maximum XUEB.DE drawdown since its inception was -21.07%, roughly equal to the maximum SNAZ.DE drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for XUEB.DE and SNAZ.DE.
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Drawdown Indicators
| XUEB.DE | SNAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.07% | -21.88% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -2.91% | -11.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -3.82% | -10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | -21.88% | +4.47% |
Current DrawdownCurrent decline from peak | -8.37% | -1.34% | -7.03% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -7.64% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.92% | 0.79% | +9.13% |
Volatility
XUEB.DE vs. SNAZ.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a higher volatility of 1.44% compared to iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) at 0.91%. This indicates that XUEB.DE's price experiences larger fluctuations and is considered to be riskier than SNAZ.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 | SNAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.91% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 2.72% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 3.36% | +18.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 5.06% | +7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.83% | 7.65% | +5.18% |
XUEB.DE vs. SNAZ.DE - Expense Ratio Comparison
XUEB.DE has a 0.25% expense ratio, which is lower than SNAZ.DE's 0.53% expense ratio.
Dividends
XUEB.DE vs. SNAZ.DE - Dividend Comparison
Neither XUEB.DE nor SNAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
XUEB.DE and SNAZ.DE have a correlation of 0.30, 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 0.53% for SNAZ.DE.
XUEB.DE tracks JPM EMBI Global Diversified TR USD, 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: 0.25% for XUEB.DE and 0.53% for SNAZ.DE.
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