EMDV.L vs. XEMD.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (EMDV.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L).

EMDV.L and XEMD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMDV.L is a passively managed fund by State Street that tracks the performance of the MSCI EM NR USD. It was launched on Oct 14, 2011. XEMD.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI EM NR USD. It was launched on Nov 3, 2021. Both EMDV.L and XEMD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMDV.L vs. XEMD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (EMDV.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L). The values are adjusted to include any dividend payments, if applicable.

EMDV.L vs. XEMD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EMDV.L SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)	2.53%	8.10%	16.29%	-0.66%	1.92%	1.22%
XEMD.L Xtrackers MSCI Emerging Markets UCITS ETF 1D	5.81%	40.45%	2.34%	8.02%	-16.25%	-3.49%

Different Trading Currencies

EMDV.L is traded in GBP, while XEMD.L is traded in EUR. To make them comparable, the XEMD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMDV.L achieves a 2.53% return, which is significantly lower than XEMD.L's 5.81% return.

EMDV.L

• 1D: 0.58%
• 1M: -3.69%
• YTD: 2.53%
• 6M: 1.86%
• 1Y: 11.28%
• 3Y*: 8.11%
• 5Y*: 5.14%
• 10Y*: 6.45%

XEMD.L

• 1D: 4.38%
• 1M: -5.53%
• YTD: 5.81%
• 6M: 9.30%
• 1Y: 40.83%
• 3Y*: 16.24%
• 5Y*: —
• 10Y*: —

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

EMDV.L vs. XEMD.L - Expense Ratio Comparison

EMDV.L has a 0.55% expense ratio, which is higher than XEMD.L's 0.18% expense ratio.

EMDV.L

SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)

XEMD.L

Xtrackers MSCI Emerging Markets UCITS ETF 1D

Return for Risk

EMDV.L vs. XEMD.L — Risk / Return Rank

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

EMDV.L

EMDV.L Risk / Return Rank: 40
EMDV.L Sharpe Ratio Rank: 42
EMDV.L Sortino Ratio Rank: 40
EMDV.L Omega Ratio Rank: 35
EMDV.L Calmar Ratio Rank: 48
EMDV.L Martin Ratio Rank: 35

XEMD.L

XEMD.L Risk / Return Rank: 81
XEMD.L Sharpe Ratio Rank: 86
XEMD.L Sortino Ratio Rank: 85
XEMD.L Omega Ratio Rank: 84
XEMD.L Calmar Ratio Rank: 76
XEMD.L Martin Ratio Rank: 74

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.

EMDV.L vs. XEMD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (EMDV.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L). 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.

	EMDV.L	XEMD.L	Difference
Sharpe ratio Return per unit of total volatility	0.84	2.20	-1.37
Sortino ratio Return per unit of downside risk	1.21	2.82	-1.61
Omega ratio Gain probability vs. loss probability	1.15	1.42	-0.27
Calmar ratio Return relative to maximum drawdown	1.40	2.90	-1.49
Martin ratio Return relative to average drawdown	3.58	10.21	-6.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMDV.L vs. XEMD.L - Sharpe Ratio Comparison

The current EMDV.L Sharpe Ratio is 0.84, which is lower than the XEMD.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of EMDV.L and XEMD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMDV.L	XEMD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.20	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.46	-0.23

Correlation

The correlation between EMDV.L and XEMD.L is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EMDV.L vs. XEMD.L - Dividend Comparison

EMDV.L has not paid dividends to shareholders, while XEMD.L's dividend yield for the trailing twelve months is around 1.63%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMDV.L SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)	0.00%	1.29%	4.08%	4.98%	4.45%	3.28%	3.19%	3.83%	3.49%	2.89%	4.15%	5.95%
XEMD.L Xtrackers MSCI Emerging Markets UCITS ETF 1D	1.63%	1.63%	2.88%	2.15%	2.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EMDV.L vs. XEMD.L - Drawdown Comparison

The maximum EMDV.L drawdown since its inception was -48.26%, which is greater than XEMD.L's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for EMDV.L and XEMD.L.

Drawdown Indicators

	EMDV.L	XEMD.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.26%	-31.57%	-16.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-13.23%	+4.24%
Max Drawdown (5Y) Largest decline over 5 years	-15.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.93%	—	—
Current Drawdown Current decline from peak	-6.54%	-9.13%	+2.59%
Average Drawdown Average peak-to-trough decline	-13.59%	-9.69%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.84%	-0.56%

Volatility

EMDV.L vs. XEMD.L - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (EMDV.L) is 3.72%, while Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L) has a volatility of 8.75%. This indicates that EMDV.L experiences smaller price fluctuations and is considered to be less risky than XEMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMDV.L	XEMD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	8.75%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	14.15%	-5.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	19.44%	-5.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.62%	21.74%	-7.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	21.74%	-4.69%