XUEE.DE vs. IS02.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and IS02.DE (iShares J.P. Morgan USD Emerging Markets 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 IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 3 years, XUEE.DE returned 7.16%/yr vs 6.78%/yr for IS02.DE. A 0.56 correlation means they provide meaningful diversification when combined. XUEE.DE charges 0.40%/yr vs 0.45%/yr for IS02.DE.
Performance
XUEE.DE vs. IS02.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 lower than IS02.DE's 2.97% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
XUEE.DE vs. IS02.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% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 3.11% |
Correlation
The correlation between XUEE.DE and IS02.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.56 |
The correlation between XUEE.DE and IS02.DE shifts across timeframes, from 0.40 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUEE.DE vs. IS02.DE — Risk / Return Rank
XUEE.DE
IS02.DE
XUEE.DE vs. IS02.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 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.
| XUEE.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.11 | -1.08 |
| Martin ratioReturn relative to average drawdown | 7.91 | 8.98 | -1.08 |
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 | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.57 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.27 | -0.34 |
Drawdowns
XUEE.DE vs. IS02.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, 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 XUEE.DE and IS02.DE.
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Drawdown Indicators
| XUEE.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -16.21% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -3.00% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -12.85% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.21% | — |
Current DrawdownCurrent decline from peak | -4.52% | 0.00% | -4.52% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -5.92% | -9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.04% | +0.07% |
Volatility
XUEE.DE vs. IS02.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) has a higher volatility of 1.82% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that XUEE.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
| XUEE.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.19% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.97% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 5.94% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.53% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 8.34% | +0.80% |
XUEE.DE vs. IS02.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
XUEE.DE vs. IS02.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets 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
XUEE.DE and IS02.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.45% for IS02.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.40% for XUEE.DE and 0.45% for IS02.DE.
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