EMA5.DE vs. XQUE.DE
EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) and XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity while XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged). Both are passively managed. Over the past 5 years, EMA5.DE returned 3.38%/yr vs -2.64%/yr for XQUE.DE. At a 0.02 correlation, their price movements are largely independent. EMA5.DE charges 0.25%/yr vs 0.50%/yr for XQUE.DE.
Performance
EMA5.DE vs. XQUE.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 XQUE.DE's -0.31% 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*
- —
XQUE.DE
- 1D
- 0.16%
- 1M
- 0.38%
- YTD
- -0.31%
- 6M
- -0.46%
- 1Y
- 4.89%
- 3Y*
- 2.56%
- 5Y*
- -2.64%
- 10Y*
- —
EMA5.DE vs. XQUE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | -5.07% | 7.86% | -1.26% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | -3.52% | 1.38% |
Correlation
The correlation between EMA5.DE and XQUE.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.02 |
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Return for Risk
EMA5.DE vs. XQUE.DE — Risk / Return Rank
EMA5.DE
XQUE.DE
EMA5.DE vs. XQUE.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 EUR Hedged (XQUE.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 | XQUE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.10 | +0.28 |
| Martin ratioReturn relative to average drawdown | 3.47 | 3.42 | +0.06 |
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 | XQUE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.96 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | -0.31 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | -0.11 | +0.58 |
Drawdowns
EMA5.DE vs. XQUE.DE - Drawdown Comparison
The maximum EMA5.DE drawdown since its inception was -10.01%, smaller than the maximum XQUE.DE drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for EMA5.DE and XQUE.DE.
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Drawdown Indicators
| EMA5.DE | XQUE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -29.15% | +19.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -4.41% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -10.01% | -8.94% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -28.28% | +18.27% |
Current DrawdownCurrent decline from peak | -3.17% | -15.48% | +12.31% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -11.68% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.43% | -0.21% |
Volatility
EMA5.DE vs. XQUE.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 EUR Hedged (XQUE.DE) at 1.67%. This indicates that EMA5.DE's price experiences larger fluctuations and is considered to be riskier than XQUE.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 | XQUE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.67% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 4.08% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 5.07% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 8.36% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 9.00% | -2.06% |
EMA5.DE vs. XQUE.DE - Expense Ratio Comparison
EMA5.DE has a 0.25% expense ratio, which is lower than XQUE.DE's 0.50% expense ratio.
Dividends
EMA5.DE vs. XQUE.DE - Dividend Comparison
EMA5.DE's dividend yield for the trailing twelve months is around 4.59%, more than XQUE.DE's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 3.79% | 4.16% | 4.20% | 3.82% | 7.06% | 3.21% | 9.32% | 3.88% | 1.02% |
Frequently Asked Questions
EMA5.DE and XQUE.DE have a correlation of -0.07, 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 0.50% for XQUE.DE.
EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity, while XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged). They also come from different issuers: Legal & General and Xtrackers. Their fees differ too: 0.25% for EMA5.DE and 0.50% for XQUE.DE.
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