XUEE.DE vs. IS3C.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both Emerging Markets Bonds funds - XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged) while IS3C.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 2.01%/yr for IS3C.DE. Their correlation of 0.92 suggests significant overlap in exposure. XUEE.DE charges 0.40%/yr vs 0.50%/yr for IS3C.DE.
Performance
XUEE.DE vs. IS3C.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 IS3C.DE's -1.63% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
IS3C.DE
- 1D
- 0.23%
- 1M
- -0.36%
- YTD
- -1.63%
- 6M
- -1.68%
- 1Y
- 2.88%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
XUEE.DE vs. IS3C.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% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -0.08% |
Correlation
The correlation between XUEE.DE and IS3C.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.92 |
The correlation between XUEE.DE and IS3C.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
XUEE.DE vs. IS3C.DE — Risk / Return Rank
XUEE.DE
IS3C.DE
XUEE.DE vs. IS3C.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 EUR Hedged UCITS ETF (Dist) (IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.08 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.48 | +1.55 |
| Martin ratioReturn relative to average drawdown | 7.91 | 1.52 | +6.39 |
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 | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.44 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.00 | -0.07 |
Drawdowns
XUEE.DE vs. IS3C.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, roughly equal to the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and IS3C.DE.
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Drawdown Indicators
| XUEE.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -30.78% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -5.62% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -8.94% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.78% | — |
Current DrawdownCurrent decline from peak | -4.52% | -17.90% | +13.38% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -9.16% | -5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.79% | -0.68% |
Volatility
XUEE.DE vs. IS3C.DE - Volatility Comparison
The current volatility for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) is 1.82%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.10%. This indicates that XUEE.DE experiences smaller price fluctuations and is considered to be less risky than IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 2.10% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 5.14% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 6.18% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.94% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 9.30% | -0.16% |
XUEE.DE vs. IS3C.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
XUEE.DE vs. IS3C.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while IS3C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUEE.DE and IS3C.DE have a correlation of 0.86, 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 0.50% for IS3C.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while IS3C.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 IS3C.DE.
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