EMLI.L vs. XQUA.L
EMLI.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist) and XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds - EMLI.L tracks the JPM GBI-EM Global Diversified TR USD while XQUA.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 10 years, EMLI.L returned 3.23%/yr vs 0.95%/yr for XQUA.L. A 0.53 correlation means they provide meaningful diversification when combined. EMLI.L charges 0.61%/yr vs 0.45%/yr for XQUA.L.
Performance
EMLI.L vs. XQUA.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMLI.L achieves a 1.64% return, which is significantly higher than XQUA.L's 0.94% return. Over the past 10 years, EMLI.L has outperformed XQUA.L with an annualized return of 3.23%, while XQUA.L has yielded a comparatively lower 0.95% annualized return.
EMLI.L
- 1D
- -0.27%
- 1M
- -0.41%
- YTD
- 1.64%
- 6M
- 1.64%
- 1Y
- 8.36%
- 3Y*
- 6.38%
- 5Y*
- 3.30%
- 10Y*
- 3.23%
XQUA.L
- 1D
- 0.35%
- 1M
- 0.59%
- YTD
- 0.94%
- 6M
- 0.97%
- 1Y
- 8.08%
- 3Y*
- 5.25%
- 5Y*
- -0.11%
- 10Y*
- 0.95%
EMLI.L vs. XQUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 1.64% | 16.62% | -3.24% | 13.68% | -5.61% | -5.52% | 1.92% | 13.04% | -6.89% | 12.58% |
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 0.94% | 10.82% | -0.40% | 7.51% | -17.76% | -1.45% | 6.97% | 10.02% | -6.59% | 4.54% |
Correlation
The correlation between EMLI.L and XQUA.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.53 |
The correlation between EMLI.L and XQUA.L has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
EMLI.L vs. XQUA.L — Risk / Return Rank
EMLI.L
XQUA.L
EMLI.L vs. XQUA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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.
| EMLI.L | XQUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.00 | -0.53 |
| Martin ratioReturn relative to average drawdown | 5.23 | 7.21 | -1.97 |
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
| EMLI.L | XQUA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.72 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.01 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.11 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.11 | +0.12 |
Drawdowns
EMLI.L vs. XQUA.L - Drawdown Comparison
The maximum EMLI.L drawdown since its inception was -25.62%, roughly equal to the maximum XQUA.L drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for EMLI.L and XQUA.L.
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Drawdown Indicators
| EMLI.L | XQUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.62% | -26.27% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -4.02% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -8.21% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.52% | -26.26% | +6.74% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -26.27% | +5.19% |
Current DrawdownCurrent decline from peak | -2.80% | -2.91% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -7.73% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.12% | +0.47% |
Volatility
EMLI.L vs. XQUA.L - Volatility Comparison
PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) has a higher volatility of 2.02% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) at 1.74%. This indicates that EMLI.L's price experiences larger fluctuations and is considered to be riskier than XQUA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLI.L | XQUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.74% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 3.72% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.49% | 4.71% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.89% | 8.01% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.59% | 8.65% | +0.94% |
EMLI.L vs. XQUA.L - Expense Ratio Comparison
EMLI.L has a 0.61% expense ratio, which is higher than XQUA.L's 0.45% expense ratio.
Dividends
EMLI.L vs. XQUA.L - Dividend Comparison
EMLI.L's dividend yield for the trailing twelve months is around 6.55%, more than XQUA.L's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 6.55% | 5.81% | 6.33% | 5.70% | 5.21% | 4.50% | 3.68% | 5.24% | 5.83% | 5.76% | 6.69% | 7.09% |
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 4.61% | 4.49% | 4.61% | 4.24% | 6.92% | 4.08% | 4.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMLI.L and XQUA.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQUA.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQUA.L is cheaper with a 0.45% expense ratio, compared with 0.61% for EMLI.L.
EMLI.L tracks JPM GBI-EM Global Diversified TR USD, while XQUA.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: PIMCO and Xtrackers. Their fees differ too: 0.61% for EMLI.L and 0.45% for XQUA.L.
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