EXU1.DE vs. HDEM.L

Last updated Jun 5, 2026

EXU1.DE (Xtrackers MSCI World ex USA UCITS ETF 1D USD) and HDEM.L (Invesco FTSE EM High Dividend Low Volatility UCITS ETF) are both exchange-traded funds - EXU1.DE is a Foreign Large Cap Equities fund tracking the MSCI World ex USA, while HDEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past year, EXU1.DE returned 20.30% vs 21.73% for HDEM.L. A 0.55 correlation means they provide meaningful diversification when combined. EXU1.DE charges 0.15%/yr vs 0.49%/yr for HDEM.L.

Performance

EXU1.DE vs. HDEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World ex USA UCITS ETF 1D USD (EXU1.DE) and Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EXU1.DE is traded in EUR, while HDEM.L is traded in GBp. To make them comparable, the HDEM.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EXU1.DE achieves a 9.62% return, which is significantly higher than HDEM.L's 8.57% return.

EXU1.DE

• 1D: 0.17%
• 1M: 1.45%
• YTD: 9.62%
• 6M: 11.62%
• 1Y: 20.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDEM.L

• 1D: -0.70%
• 1M: -3.28%
• YTD: 8.57%
• 6M: 7.84%
• 1Y: 21.73%
• 3Y*: 11.50%
• 5Y*: 6.53%
• 10Y*: 6.73%

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

EXU1.DE vs. HDEM.L - Yearly Performance Comparison

	2026 (YTD)	2025
EXU1.DE Xtrackers MSCI World ex USA UCITS ETF 1D USD	9.62%	10.16%
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF	8.57%	10.82%

Correlation

The correlation between EXU1.DE and HDEM.L is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Feb 17, 2025	0.55

The correlation between EXU1.DE and HDEM.L has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

Return for Risk

EXU1.DE vs. HDEM.L — Risk / Return Rank

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

EXU1.DE

EXU1.DE Risk / Return Rank: 51
EXU1.DE Sharpe Ratio Rank: 49
EXU1.DE Sortino Ratio Rank: 52
EXU1.DE Omega Ratio Rank: 51
EXU1.DE Calmar Ratio Rank: 49
EXU1.DE Martin Ratio Rank: 54

HDEM.L

HDEM.L Risk / Return Rank: 81
HDEM.L Sharpe Ratio Rank: 82
HDEM.L Sortino Ratio Rank: 85
HDEM.L Omega Ratio Rank: 77
HDEM.L Calmar Ratio Rank: 87
HDEM.L Martin Ratio Rank: 76

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.

EXU1.DE vs. HDEM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ex USA UCITS ETF 1D USD (EXU1.DE) and Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.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.

	EXU1.DE	HDEM.L	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.07	-0.41
Sortino ratio: Return per unit of downside risk	2.47	3.02	-0.55
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.37	4.57	-2.21
Martin ratio: Return relative to average drawdown	9.10	13.90	-4.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXU1.DE vs. HDEM.L - Sharpe Ratio Comparison

The current EXU1.DE Sharpe Ratio is 1.67, which is comparable to the HDEM.L Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of EXU1.DE and HDEM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EXU1.DE	HDEM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	2.07	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.15	+0.92

Drawdowns

EXU1.DE vs. HDEM.L - Drawdown Comparison

The maximum EXU1.DE drawdown since its inception was -16.32%, smaller than the maximum HDEM.L drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for EXU1.DE and HDEM.L.

Drawdown Indicators

	EXU1.DE	HDEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.32%	-36.51%	+20.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-4.73%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.51%	—
Current Drawdown Current decline from peak	-0.77%	-3.85%	+3.08%
Average Drawdown Average peak-to-trough decline	-2.08%	-11.10%	+9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.56%	+0.67%

Volatility

EXU1.DE vs. HDEM.L - Volatility Comparison

Xtrackers MSCI World ex USA UCITS ETF 1D USD (EXU1.DE) and Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L) have volatilities of 3.05% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXU1.DE	HDEM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.20%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	7.71%	+2.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	10.44%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	13.87%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	16.02%	-1.42%

EXU1.DE vs. HDEM.L - Expense Ratio Comparison

EXU1.DE has a 0.15% expense ratio, which is lower than HDEM.L's 0.49% expense ratio.

Dividends

EXU1.DE vs. HDEM.L - Dividend Comparison

EXU1.DE's dividend yield for the trailing twelve months is around 2.15%, less than HDEM.L's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EXU1.DE Xtrackers MSCI World ex USA UCITS ETF 1D USD	2.15%	1.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF	4.90%	5.18%	5.61%	6.08%	8.92%	5.96%	4.31%	5.23%	5.37%	5.06%	2.27%

Frequently Asked Questions

Can I hold both EXU1.DE and HDEM.L in my portfolio?

EXU1.DE and HDEM.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXU1.DE or HDEM.L?

On fees, EXU1.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXU1.DE or HDEM.L?

EXU1.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for HDEM.L.

What is the main difference between EXU1.DE and HDEM.L?

EXU1.DE is categorized as Foreign Large Cap Equities, while HDEM.L is Emerging Markets Equities. EXU1.DE tracks MSCI World ex USA, while HDEM.L tracks MSCI EM NR USD. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.15% for EXU1.DE and 0.49% for HDEM.L.