ENDH.DE vs. XQUE.DE
ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) and XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds - ENDH.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged) while XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged). Both are passively managed. Over the past 3 years, ENDH.DE returned 6.26%/yr vs 2.56%/yr for XQUE.DE. A 0.73 correlation means they provide meaningful diversification when combined. ENDH.DE charges 0.28%/yr vs 0.50%/yr for XQUE.DE.
Performance
ENDH.DE vs. XQUE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENDH.DE achieves a -0.08% return, which is significantly higher than XQUE.DE's -0.31% return.
ENDH.DE
- 1D
- 0.37%
- 1M
- -1.14%
- YTD
- -0.08%
- 6M
- 0.41%
- 1Y
- 3.85%
- 3Y*
- 6.26%
- 5Y*
- —
- 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*
- —
ENDH.DE vs. XQUE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | -0.08% | 7.89% | 6.59% | 5.41% | -2.17% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -4.37% |
Correlation
The correlation between ENDH.DE and XQUE.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 12, 2022 | 0.73 |
The correlation between ENDH.DE and XQUE.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
ENDH.DE vs. XQUE.DE — Risk / Return Rank
ENDH.DE
XQUE.DE
ENDH.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 (EUR Hedged) Acc (ENDH.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.
| ENDH.DE | XQUE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.10 | +0.63 |
| Martin ratioReturn relative to average drawdown | 6.28 | 3.42 | +2.87 |
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
| ENDH.DE | XQUE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.96 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | -0.11 | +0.98 |
Drawdowns
ENDH.DE vs. XQUE.DE - Drawdown Comparison
The maximum ENDH.DE drawdown since its inception was -6.78%, smaller than the maximum XQUE.DE drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for ENDH.DE and XQUE.DE.
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Drawdown Indicators
| ENDH.DE | XQUE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -29.15% | +22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -4.41% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -8.94% | +6.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.28% | — |
Current DrawdownCurrent decline from peak | -1.33% | -15.48% | +14.15% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -11.68% | +10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.43% | -0.82% |
Volatility
ENDH.DE vs. XQUE.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) has a higher volatility of 2.69% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged (XQUE.DE) at 1.67%. This indicates that ENDH.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
| ENDH.DE | XQUE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.67% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 4.08% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 5.07% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 8.36% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 9.00% | -4.11% |
ENDH.DE vs. XQUE.DE - Expense Ratio Comparison
ENDH.DE has a 0.28% expense ratio, which is lower than XQUE.DE's 0.50% expense ratio.
Dividends
ENDH.DE vs. XQUE.DE - Dividend Comparison
ENDH.DE has not paid dividends to shareholders, while XQUE.DE's dividend yield for the trailing twelve months is around 3.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
ENDH.DE and XQUE.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENDH.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENDH.DE is cheaper with a 0.28% expense ratio, compared with 0.50% for XQUE.DE.
ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), 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: 0.28% for ENDH.DE and 0.50% for XQUE.DE.
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