XUEM.DE vs. 36B1.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - XUEM.DE tracks the JPM EMBI Global Diversified TR USD while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, XUEM.DE returned 2.28%/yr vs 2.20%/yr for 36B1.DE. Their correlation of 0.94 suggests significant overlap in exposure. XUEM.DE charges 0.25%/yr vs 0.45%/yr for 36B1.DE.
Performance
XUEM.DE vs. 36B1.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUEM.DE achieves a 3.29% return, which is significantly higher than 36B1.DE's 2.43% return.
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.53%
- YTD
- 3.29%
- 6M
- 3.01%
- 1Y
- 9.59%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
36B1.DE
- 1D
- 0.13%
- 1M
- 1.52%
- YTD
- 2.43%
- 6M
- 2.12%
- 1Y
- 7.79%
- 3Y*
- 5.51%
- 5Y*
- 2.20%
- 10Y*
- —
XUEM.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -6.64% | 10.34% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 2.43% | -0.10% | 10.86% | 5.55% | -13.71% | 6.46% | -4.35% | 11.07% |
Correlation
The correlation between XUEM.DE and 36B1.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019 | 0.94 |
The correlation between XUEM.DE and 36B1.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUEM.DE vs. 36B1.DE — Risk / Return Rank
XUEM.DE
36B1.DE
XUEM.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.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.
| XUEM.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.63 | +0.89 |
| Martin ratioReturn relative to average drawdown | 10.09 | 6.72 | +3.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XUEM.DE | 36B1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.32 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.26 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.23 | +0.05 |
Drawdowns
XUEM.DE vs. 36B1.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.83%, which is greater than 36B1.DE's maximum drawdown of -22.46%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and 36B1.DE.
Loading charts...
Drawdown Indicators
| XUEM.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.83% | -22.46% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.95% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -12.43% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -16.34% | -1.51% |
Current DrawdownCurrent decline from peak | -2.82% | -1.33% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -8.64% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.16% | -0.21% |
Volatility
XUEM.DE vs. 36B1.DE - Volatility Comparison
The current volatility for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) is 1.06%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.21%. This indicates that XUEM.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUEM.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.21% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.81% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.87% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.41% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 9.55% | +0.89% |
XUEM.DE vs. 36B1.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is lower than 36B1.DE's 0.45% expense ratio.
Dividends
XUEM.DE vs. 36B1.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 4.46%, less than 36B1.DE's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.93% | 5.22% | 4.96% | 5.09% | 5.00% | 4.57% | 3.40% | 4.19% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% |
Frequently Asked Questions
With a correlation of 0.94, XUEM.DE and 36B1.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, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for 36B1.DE.
XUEM.DE tracks JPM EMBI Global Diversified TR USD, while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUEM.DE and 0.45% for 36B1.DE.
Find the right allocation for XUEM.DE and 36B1.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer