FESD.DE vs. XQUD.DE
FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds - FESD.DE tracks the Fidelity Sustainable USD EM Bond while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, FESD.DE returned 5.13%/yr vs 2.35%/yr for XQUD.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
FESD.DE vs. XQUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FESD.DE achieves a 3.41% return, which is significantly higher than XQUD.DE's 1.98% return.
FESD.DE
- 1D
- -0.09%
- 1M
- 0.98%
- YTD
- 3.41%
- 6M
- 2.88%
- 1Y
- 9.44%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.09%
- YTD
- 1.98%
- 6M
- 0.94%
- 1Y
- 6.30%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
FESD.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | 1.57% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
Correlation
The correlation between FESD.DE and XQUD.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.77 |
The correlation between FESD.DE and XQUD.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
FESD.DE vs. XQUD.DE — Risk / Return Rank
FESD.DE
XQUD.DE
FESD.DE vs. XQUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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.
| FESD.DE | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.56 | +0.90 |
| Martin ratioReturn relative to average drawdown | 6.56 | 4.64 | +1.92 |
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
| FESD.DE | XQUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.04 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.29 | -0.10 |
Drawdowns
FESD.DE vs. XQUD.DE - Drawdown Comparison
The maximum FESD.DE drawdown since its inception was -16.01%, which is greater than XQUD.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for FESD.DE and XQUD.DE.
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Drawdown Indicators
| FESD.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.01% | -12.01% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.84% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -11.40% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -2.99% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -5.54% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.30% | +0.09% |
Volatility
FESD.DE vs. XQUD.DE - Volatility Comparison
Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a higher volatility of 2.28% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) at 1.12%. This indicates that FESD.DE's price experiences larger fluctuations and is considered to be riskier than XQUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FESD.DE | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.12% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 3.74% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 5.77% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 7.98% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 7.98% | +0.72% |
FESD.DE vs. XQUD.DE - Expense Ratio Comparison
Both FESD.DE and XQUD.DE have an expense ratio of 0.45%.
Dividends
FESD.DE vs. XQUD.DE - Dividend Comparison
FESD.DE's dividend yield for the trailing twelve months is around 6.69%, while XQUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FESD.DE and XQUD.DE have a correlation of 0.83, 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 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FESD.DE and XQUD.DE have the same expense ratio: 0.45% per year.
FESD.DE tracks Fidelity Sustainable USD EM Bond, while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. They also come from different issuers: Fidelity and Xtrackers.
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