XUEE.DE vs. 3SUD.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and 3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) are both Emerging Markets Bonds funds - XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged) while 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 3 years, XUEE.DE returned 7.16%/yr vs 7.55%/yr for 3SUD.DE. With a 0.96 correlation, they move nearly in lockstep. XUEE.DE charges 0.40%/yr vs 0.50%/yr for 3SUD.DE.
Performance
XUEE.DE vs. 3SUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEE.DE achieves a 1.11% return, which is significantly higher than 3SUD.DE's 0.90% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
3SUD.DE
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.90%
- 6M
- 1.29%
- 1Y
- 8.95%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 10Y*
- —
XUEE.DE vs. 3SUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | -21.79% | -0.09% |
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.90% | 11.55% | 3.78% | 7.69% | -20.75% | 0.08% |
Correlation
The correlation between XUEE.DE and 3SUD.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.96 |
The correlation between XUEE.DE and 3SUD.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
XUEE.DE vs. 3SUD.DE — Risk / Return Rank
XUEE.DE
3SUD.DE
XUEE.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 EUR Hedged (XUEE.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.
| XUEE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.93 | +0.09 |
| Martin ratioReturn relative to average drawdown | 7.91 | 7.66 | +0.25 |
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
| XUEE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.65 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.08 | -0.15 |
Drawdowns
XUEE.DE vs. 3SUD.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, roughly equal to the maximum 3SUD.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and 3SUD.DE.
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Drawdown Indicators
| XUEE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -30.78% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -4.61% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -7.82% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.57% | — |
Current DrawdownCurrent decline from peak | -4.52% | -3.78% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -11.11% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.17% | -0.06% |
Volatility
XUEE.DE vs. 3SUD.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) and iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) have volatilities of 1.82% and 1.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.89% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 4.36% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 5.41% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.70% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 10.44% | -1.30% |
XUEE.DE vs. 3SUD.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is lower than 3SUD.DE's 0.50% expense ratio.
Dividends
XUEE.DE vs. 3SUD.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while 3SUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% |
Frequently Asked Questions
With a correlation of 0.93, XUEE.DE and 3SUD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XUEE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEE.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for 3SUD.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while 3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.40% for XUEE.DE and 0.50% for 3SUD.DE.
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