ZPR6.DE vs. XUEB.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds - ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged) while XUEB.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs 2.85%/yr for XUEB.DE. At a 0.42 correlation, their price movements are largely independent. ZPR6.DE charges 0.47%/yr vs 0.25%/yr for XUEB.DE.
Performance
ZPR6.DE vs. XUEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR6.DE achieves a 0.15% return, which is significantly lower than XUEB.DE's 3.66% return.
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.69%
- YTD
- 3.66%
- 6M
- 3.38%
- 1Y
- 10.40%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
ZPR6.DE vs. XUEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -9.09% | -1.17% | 4.60% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -0.25% |
Correlation
The correlation between ZPR6.DE and XUEB.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 25, 2020 | 0.42 |
Over the past year, the correlation between ZPR6.DE and XUEB.DE has dropped to 0.22 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
ZPR6.DE vs. XUEB.DE — Risk / Return Rank
ZPR6.DE
XUEB.DE
ZPR6.DE vs. XUEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) and Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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.
| ZPR6.DE | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.83 | -2.09 |
| Martin ratioReturn relative to average drawdown | 7.22 | 10.83 | -3.61 |
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
| ZPR6.DE | XUEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.75 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.32 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.25 | -0.18 |
Drawdowns
ZPR6.DE vs. XUEB.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum XUEB.DE drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and XUEB.DE.
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Drawdown Indicators
| ZPR6.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -17.41% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -2.70% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -13.41% | +11.61% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -17.41% | +3.91% |
Current DrawdownCurrent decline from peak | -0.37% | -0.40% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -6.25% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.96% | -0.53% |
Volatility
ZPR6.DE vs. XUEB.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) is 0.61%, while Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a volatility of 1.29%. This indicates that ZPR6.DE experiences smaller price fluctuations and is considered to be less risky than XUEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPR6.DE | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.29% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 3.95% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 5.93% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 8.74% | -4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 8.56% | -3.43% |
ZPR6.DE vs. XUEB.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
ZPR6.DE vs. XUEB.DE - Dividend Comparison
Neither ZPR6.DE nor XUEB.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR6.DE and XUEB.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.47% for ZPR6.DE.
ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while XUEB.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.47% for ZPR6.DE and 0.25% for XUEB.DE.
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