EMUS.DE vs. XB4A.DE
EMUS.DE (BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - EMUS.DE tracks the MSCI EMU SRI S-Series PAB 5% Capped while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 5 years, EMUS.DE returned 8.26%/yr vs 17.80%/yr for XB4A.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
EMUS.DE vs. XB4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMUS.DE achieves a 11.99% return, which is significantly lower than XB4A.DE's 22.80% return.
EMUS.DE
- 1D
- -0.89%
- 1M
- -0.00%
- 6M
- 8.64%
- YTD
- 11.99%
- 1Y
- 17.72%
- 3Y*
- 13.78%
- 5Y*
- 8.26%
- 10Y*
- —
XB4A.DE
- 1D
- -1.41%
- 1M
- -2.86%
- 6M
- 19.27%
- YTD
- 22.80%
- 1Y
- 45.21%
- 3Y*
- 30.57%
- 5Y*
- 17.80%
- 10Y*
- 14.60%
EMUS.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMUS.DE BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF | 11.99% | 15.33% | 10.68% | 12.15% | -14.21% | 25.76% | 1.58% | 7.40% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 22.80% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 6.31% |
Correlation
The correlation between EMUS.DE and XB4A.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.72 |
The correlation between EMUS.DE and XB4A.DE has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
EMUS.DE vs. XB4A.DE — Risk / Return Rank
EMUS.DE
XB4A.DE
EMUS.DE vs. XB4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) and Xtrackers ATX UCITS ETF (Acc) (XB4A.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMUS.DE | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 4.13 | -2.51 |
| Martin ratioReturn relative to average drawdown | 5.62 | 13.97 | -8.36 |
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Drawdowns
EMUS.DE vs. XB4A.DE - Drawdown Comparison
The maximum EMUS.DE drawdown since its inception was -35.75%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for EMUS.DE and XB4A.DE.
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Drawdown Indicators
| EMUS.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.75% | -53.54% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -10.88% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.13% | -16.26% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -25.18% | -32.50% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.54% | — |
Current DrawdownCurrent decline from peak | -1.62% | -3.43% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -9.88% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.23% | -0.08% |
Volatility
EMUS.DE vs. XB4A.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) is 3.53%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.97%. This indicates that EMUS.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMUS.DE | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 4.97% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 14.95% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 17.66% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 19.15% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 20.15% | -3.31% |
EMUS.DE vs. XB4A.DE - Expense Ratio Comparison
Both EMUS.DE and XB4A.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EMUS.DE vs. XB4A.DE - Dividend Comparison
Neither EMUS.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
EMUS.DE and XB4A.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMUS.DE and XB4A.DE have the same expense ratio: 0.25% per year.
EMUS.DE tracks MSCI EMU SRI S-Series PAB 5% Capped, while XB4A.DE tracks ATX Index. They also come from different issuers: BNP Paribas and Xtrackers.
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