EMA5.DE vs. XQUD.DE
EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds - EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, EMA5.DE returned 5.12%/yr vs 2.35%/yr for XQUD.DE. A 0.71 correlation means they provide meaningful diversification when combined. EMA5.DE charges 0.25%/yr vs 0.45%/yr for XQUD.DE.
Performance
EMA5.DE vs. XQUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMA5.DE achieves a 2.33% return, which is significantly higher than XQUD.DE's 1.98% return.
EMA5.DE
- 1D
- -0.04%
- 1M
- 1.09%
- YTD
- 2.33%
- 6M
- 2.03%
- 1Y
- 4.26%
- 3Y*
- 5.12%
- 5Y*
- 3.38%
- 10Y*
- —
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.14%
- YTD
- 1.98%
- 6M
- 1.13%
- 1Y
- 6.03%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
EMA5.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | 0.27% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
Correlation
The correlation between EMA5.DE and XQUD.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.71 |
The correlation between EMA5.DE and XQUD.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
EMA5.DE vs. XQUD.DE — Risk / Return Rank
EMA5.DE
XQUD.DE
EMA5.DE vs. XQUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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.
| EMA5.DE | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.56 | -0.18 |
| Martin ratioReturn relative to average drawdown | 3.47 | 4.64 | -1.17 |
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
| EMA5.DE | XQUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.04 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.29 | +0.17 |
Drawdowns
EMA5.DE vs. XQUD.DE - Drawdown Comparison
The maximum EMA5.DE drawdown since its inception was -10.01%, smaller than the maximum XQUD.DE drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for EMA5.DE and XQUD.DE.
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Drawdown Indicators
| EMA5.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -12.01% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -3.84% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -10.01% | -11.40% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -2.99% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -5.54% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.30% | -0.08% |
Volatility
EMA5.DE vs. XQUD.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a higher volatility of 2.25% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) at 1.12%. This indicates that EMA5.DE's price experiences larger fluctuations and is considered to be riskier than XQUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMA5.DE | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.12% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 3.74% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 5.77% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 7.98% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 7.98% | -1.04% |
EMA5.DE vs. XQUD.DE - Expense Ratio Comparison
EMA5.DE has a 0.25% expense ratio, which is lower than XQUD.DE's 0.45% expense ratio.
Dividends
EMA5.DE vs. XQUD.DE - Dividend Comparison
EMA5.DE's dividend yield for the trailing twelve months is around 4.59%, while XQUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 4.59% | 5.61% | 5.39% | 4.22% | 2.89% | 1.01% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMA5.DE and XQUD.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for XQUD.DE.
EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity, while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. They also come from different issuers: Legal & General and Xtrackers. Their fees differ too: 0.25% for EMA5.DE and 0.45% for XQUD.DE.
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