XUEE.DE vs. JMBE.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and JMBE.DE (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc)) are both Emerging Markets Bonds funds - XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged) while JMBE.DE tracks the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 3 years, XUEE.DE returned 7.16%/yr vs 5.74%/yr for JMBE.DE. Their correlation of 0.92 suggests significant overlap in exposure. XUEE.DE charges 0.40%/yr vs 0.39%/yr for JMBE.DE.
Performance
XUEE.DE vs. JMBE.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 JMBE.DE's 0.85% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
JMBE.DE
- 1D
- 0.23%
- 1M
- 0.83%
- YTD
- 0.85%
- 6M
- 1.04%
- 1Y
- 8.47%
- 3Y*
- 5.74%
- 5Y*
- -0.64%
- 10Y*
- —
XUEE.DE vs. JMBE.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% |
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) | 0.85% | 11.00% | 0.03% | 7.01% | -18.34% | -0.19% |
Correlation
The correlation between XUEE.DE and JMBE.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.92 |
The correlation between XUEE.DE and JMBE.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
XUEE.DE vs. JMBE.DE — Risk / Return Rank
XUEE.DE
JMBE.DE
XUEE.DE vs. JMBE.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.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 | JMBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.78 | +0.25 |
| Martin ratioReturn relative to average drawdown | 7.91 | 7.10 | +0.80 |
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 | JMBE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.53 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.14 | -0.21 |
Drawdowns
XUEE.DE vs. JMBE.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, which is greater than JMBE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and JMBE.DE.
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Drawdown Indicators
| XUEE.DE | JMBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -28.19% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -4.73% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -7.78% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.72% | — |
Current DrawdownCurrent decline from peak | -4.52% | -5.72% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -10.41% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.19% | -0.08% |
Volatility
XUEE.DE vs. JMBE.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (acc) (JMBE.DE) have volatilities of 1.82% and 1.91%, 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 | JMBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.91% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 4.57% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 5.54% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.54% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 9.66% | -0.52% |
XUEE.DE vs. JMBE.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is higher than JMBE.DE's 0.39% expense ratio.
Dividends
XUEE.DE vs. JMBE.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while JMBE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JMBE.DE JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF - EUR Hedged (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 JMBE.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBE.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBE.DE is cheaper with a 0.39% expense ratio, compared with 0.40% for XUEE.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while JMBE.DE tracks JPM EMBI Global Diversified Hedge TR EUR. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.40% for XUEE.DE and 0.39% for JMBE.DE.
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