EHDL.DE vs. XBAK.DE
EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) and XBAK.DE (Xtrackers MSCI Pakistan Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index while XBAK.DE tracks the MSCI Pakistan Investable Market Index. Both are passively managed. Over the past 10 years, EHDL.DE returned 6.03%/yr vs -1.95%/yr for XBAK.DE. At a 0.19 correlation, their price movements are largely independent. EHDL.DE charges 0.49%/yr vs 0.85%/yr for XBAK.DE.
Performance
EHDL.DE vs. XBAK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHDL.DE achieves a 12.16% return, which is significantly higher than XBAK.DE's 1.30% return. Over the past 10 years, EHDL.DE has outperformed XBAK.DE with an annualized return of 6.03%, while XBAK.DE has yielded a comparatively lower -1.95% annualized return.
EHDL.DE
- 1D
- 0.63%
- 1M
- 2.53%
- 6M
- 7.80%
- YTD
- 12.16%
- 1Y
- 22.69%
- 3Y*
- 13.73%
- 5Y*
- 7.13%
- 10Y*
- 6.03%
XBAK.DE
- 1D
- -0.64%
- 1M
- -1.27%
- 6M
- -5.45%
- YTD
- 1.30%
- 1Y
- 23.81%
- 3Y*
- 41.68%
- 5Y*
- 10.04%
- 10Y*
- -1.95%
EHDL.DE vs. XBAK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 12.16% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 19.11% | -2.44% | 9.35% |
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 1.30% | 20.31% | 75.92% | 15.36% | -24.63% | -7.97% | -15.81% | 1.89% | -29.80% | -33.77% |
Correlation
The correlation between EHDL.DE and XBAK.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 27, 2016 | 0.19 |
The correlation between EHDL.DE and XBAK.DE shifts across timeframes, from -0.03 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EHDL.DE vs. XBAK.DE — Risk / Return Rank
EHDL.DE
XBAK.DE
EHDL.DE vs. XBAK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) and Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EHDL.DE | XBAK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 1.00 | +3.29 |
| Martin ratioReturn relative to average drawdown | 11.28 | 2.56 | +8.71 |
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Drawdowns
EHDL.DE vs. XBAK.DE - Drawdown Comparison
The maximum EHDL.DE drawdown since its inception was -36.13%, smaller than the maximum XBAK.DE drawdown of -79.30%. Use the drawdown chart below to compare losses from any high point for EHDL.DE and XBAK.DE.
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Drawdown Indicators
| EHDL.DE | XBAK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -79.30% | +43.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -23.67% | +18.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -23.67% | +8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -48.44% | +29.64% |
Max Drawdown (10Y)Largest decline over 10 years | -36.13% | -79.30% | +43.17% |
Current DrawdownCurrent decline from peak | -1.03% | -35.00% | +33.97% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -37.82% | +28.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 9.27% | -7.26% |
Volatility
EHDL.DE vs. XBAK.DE - Volatility Comparison
The current volatility for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) is 3.05%, while Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) has a volatility of 7.76%. This indicates that EHDL.DE experiences smaller price fluctuations and is considered to be less risky than XBAK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHDL.DE | XBAK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 7.76% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 24.65% | -16.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.36% | 28.58% | -17.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 24.70% | -11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 24.61% | -6.62% |
EHDL.DE vs. XBAK.DE - Expense Ratio Comparison
EHDL.DE has a 0.49% expense ratio, which is lower than XBAK.DE's 0.85% expense ratio.
Dividends
EHDL.DE vs. XBAK.DE - Dividend Comparison
EHDL.DE's dividend yield for the trailing twelve months is around 4.74%, while XBAK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.74% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EHDL.DE and XBAK.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHDL.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHDL.DE is cheaper with a 0.49% expense ratio, compared with 0.85% for XBAK.DE.
EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index, while XBAK.DE tracks MSCI Pakistan Investable Market Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.49% for EHDL.DE and 0.85% for XBAK.DE.
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