XUEM.DE vs. IS02.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - XUEM.DE tracks the JPM EMBI Global Diversified TR USD while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, XUEM.DE returned 2.28%/yr vs 2.88%/yr for IS02.DE. Their correlation of 0.95 suggests significant overlap in exposure. XUEM.DE charges 0.25%/yr vs 0.45%/yr for IS02.DE.
Performance
XUEM.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEM.DE achieves a 3.29% return, which is significantly higher than IS02.DE's 2.97% return.
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.15%
- YTD
- 3.29%
- 6M
- 2.78%
- 1Y
- 9.90%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.39%
- YTD
- 2.97%
- 6M
- 2.43%
- 1Y
- 9.76%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
XUEM.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -0.27% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between XUEM.DE and IS02.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.95 |
The correlation between XUEM.DE and IS02.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
XUEM.DE vs. IS02.DE — Risk / Return Rank
XUEM.DE
IS02.DE
XUEM.DE vs. IS02.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 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.
| XUEM.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.11 | +0.41 |
| Martin ratioReturn relative to average drawdown | 10.09 | 8.98 | +1.11 |
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
| XUEM.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.57 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.33 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.27 | 0.00 |
Drawdowns
XUEM.DE vs. IS02.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.83%, 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 XUEM.DE and IS02.DE.
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Drawdown Indicators
| XUEM.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.83% | -16.21% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.00% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -12.85% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -16.21% | -1.64% |
Current DrawdownCurrent decline from peak | -2.82% | 0.00% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -5.92% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.04% | -0.09% |
Volatility
XUEM.DE vs. IS02.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 USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) has a volatility of 1.19%. This indicates that XUEM.DE experiences smaller price fluctuations and is considered to be less risky 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
| XUEM.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.19% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.97% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.94% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.53% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 8.34% | +2.10% |
XUEM.DE vs. IS02.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
XUEM.DE vs. IS02.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 4.46%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 0.93, XUEM.DE and IS02.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 IS02.DE.
XUEM.DE tracks JPM EMBI Global Diversified TR USD, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XUEM.DE and 0.45% for IS02.DE.
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