EL40.DE vs. XMME.DE

Last updated Jun 5, 2026

EL40.DE (Deka MSCI Emerging Markets UCITS ETF ) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both Emerging Markets Equities funds tracking the MSCI Emerging Markets, from Deka Investment GmbH and Xtrackers respectively. Both are passively managed. Over the past 5 years, EL40.DE returned 7.38%/yr vs 8.66%/yr for XMME.DE. Their correlation of 0.92 suggests significant overlap in exposure. EL40.DE charges 0.66%/yr vs 0.18%/yr for XMME.DE.

Performance

EL40.DE vs. XMME.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka MSCI Emerging Markets UCITS ETF (EL40.DE) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL40.DE achieves a 26.76% return, which is significantly lower than XMME.DE's 30.06% return.

EL40.DE

• 1D: -2.26%
• 1M: 3.66%
• YTD: 26.76%
• 6M: 26.78%
• 1Y: 47.15%
• 3Y*: 19.57%
• 5Y*: 7.38%
• 10Y*: 9.07%

XMME.DE

• 1D: -1.04%
• 1M: 5.19%
• YTD: 30.06%
• 6M: 29.85%
• 1Y: 50.91%
• 3Y*: 21.36%
• 5Y*: 8.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EL40.DE vs. XMME.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EL40.DE Deka MSCI Emerging Markets UCITS ETF	26.76%	17.86%	13.11%	4.33%	-14.87%	4.55%	5.36%	20.78%	-11.51%	6.63%
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C	30.06%	18.69%	13.82%	5.89%	-15.00%	4.75%	6.57%	21.91%	-11.16%	7.23%

Correlation

The correlation between EL40.DE and XMME.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017	0.92

The correlation between EL40.DE and XMME.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

EL40.DE vs. XMME.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL40.DE

EL40.DE Risk / Return Rank: 57
EL40.DE Sharpe Ratio Rank: 53
EL40.DE Sortino Ratio Rank: 54
EL40.DE Omega Ratio Rank: 74
EL40.DE Calmar Ratio Rank: 59
EL40.DE Martin Ratio Rank: 44

XMME.DE

XMME.DE Risk / Return Rank: 88
XMME.DE Sharpe Ratio Rank: 89
XMME.DE Sortino Ratio Rank: 88
XMME.DE Omega Ratio Rank: 88
XMME.DE Calmar Ratio Rank: 87
XMME.DE Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL40.DE vs. XMME.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Emerging Markets UCITS ETF (EL40.DE) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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.

	EL40.DE	XMME.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.79	3.00	-1.22
Sortino ratio: Return per unit of downside risk	2.56	3.96	-1.39
Omega ratio: Gain probability vs. loss probability	1.43	1.55	-0.12
Calmar ratio: Return relative to maximum drawdown	2.88	4.98	-2.10
Martin ratio: Return relative to average drawdown	7.00	18.04	-11.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL40.DE vs. XMME.DE - Sharpe Ratio Comparison

The current EL40.DE Sharpe Ratio is 1.79, which is lower than the XMME.DE Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of EL40.DE and XMME.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EL40.DE	XMME.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	3.00	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.51	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.45	-0.15

Drawdowns

EL40.DE vs. XMME.DE - Drawdown Comparison

The maximum EL40.DE drawdown since its inception was -36.65%, which is greater than XMME.DE's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for EL40.DE and XMME.DE.

Drawdown Indicators

	EL40.DE	XMME.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.65%	-31.96%	-4.69%
Max Drawdown (1Y) Largest decline over 1 year	-16.53%	-10.67%	-5.86%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-19.16%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	-24.38%	-0.68%
Max Drawdown (10Y) Largest decline over 10 years	-31.59%	—	—
Current Drawdown Current decline from peak	-3.01%	-1.04%	-1.97%
Average Drawdown Average peak-to-trough decline	-11.60%	-9.53%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.82%	2.95%	+3.87%

Volatility

EL40.DE vs. XMME.DE - Volatility Comparison

Deka MSCI Emerging Markets UCITS ETF (EL40.DE) has a higher volatility of 8.00% compared to Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) at 7.48%. This indicates that EL40.DE's price experiences larger fluctuations and is considered to be riskier than XMME.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EL40.DE	XMME.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	7.48%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	15.83%	14.90%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	26.69%	17.70%	+8.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	16.74%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.44%	18.61%	+1.83%

EL40.DE vs. XMME.DE - Expense Ratio Comparison

EL40.DE has a 0.66% expense ratio, which is higher than XMME.DE's 0.18% expense ratio.

Dividends

EL40.DE vs. XMME.DE - Dividend Comparison

Neither EL40.DE nor XMME.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL40.DE Deka MSCI Emerging Markets UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.00%	0.02%	0.00%
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C	0.00%	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

Can I hold both EL40.DE and XMME.DE in my portfolio?

With a correlation of 0.92, EL40.DE and XMME.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.

Which ETF is better, EL40.DE or XMME.DE?

On fees, XMME.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL40.DE or XMME.DE?

XMME.DE is cheaper with a 0.18% expense ratio, compared with 0.66% for EL40.DE.

What is the main difference between EL40.DE and XMME.DE?

Both ETFs track MSCI Emerging Markets. They also come from different issuers: Deka Investment GmbH and Xtrackers. Their fees differ too: 0.66% for EL40.DE and 0.18% for XMME.DE.