ICGA.DE vs. XMME.L
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets Index. Both are passively managed. Over the past 5 years, ICGA.DE returned -3.91%/yr vs 8.59%/yr for XMME.L. A 0.77 correlation means they provide meaningful diversification when combined. ICGA.DE charges 0.28%/yr vs 0.18%/yr for XMME.L.
Performance
ICGA.DE vs. XMME.L - Performance Comparison
Loading charts...
Different Trading Currencies
ICGA.DE is traded in EUR, while XMME.L is traded in USD. To make them comparable, the XMME.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICGA.DE achieves a -7.21% return, which is significantly lower than XMME.L's 30.12% return.
ICGA.DE
- 1D
- 1.03%
- 1M
- -2.20%
- YTD
- -7.21%
- 6M
- -6.68%
- 1Y
- 3.16%
- 3Y*
- 6.05%
- 5Y*
- -3.91%
- 10Y*
- —
XMME.L
- 1D
- 2.71%
- 1M
- 7.46%
- YTD
- 30.12%
- 6M
- 32.32%
- 1Y
- 51.60%
- 3Y*
- 20.61%
- 5Y*
- 8.59%
- 10Y*
- —
ICGA.DE vs. XMME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -7.21% | 16.59% | 27.32% | -14.87% | -15.07% | -17.34% | 15.34% | 14.19% |
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 30.12% | 17.91% | 14.46% | 6.32% | -15.86% | 4.46% | 8.70% | 9.09% |
Correlation
The correlation between ICGA.DE and XMME.L 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 | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.77 |
The correlation between ICGA.DE and XMME.L has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ICGA.DE vs. XMME.L — Risk / Return Rank
ICGA.DE
XMME.L
ICGA.DE vs. XMME.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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.
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.
| ICGA.DE | XMME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.48 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 4.75 | -4.57 |
| Martin ratioReturn relative to average drawdown | 0.37 | 16.09 | -15.72 |
Loading charts...
Drawdowns
ICGA.DE vs. XMME.L - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.91%, which is greater than XMME.L's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and XMME.L.
Loading charts...
Drawdown Indicators
| ICGA.DE | XMME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -32.04% | -23.87% |
Max Drawdown (1Y)Largest decline over 1 year | -17.50% | -10.81% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.29% | -18.26% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | -24.43% | -24.86% |
Current DrawdownCurrent decline from peak | -32.83% | -0.97% | -31.86% |
Average DrawdownAverage peak-to-trough decline | -28.78% | -9.55% | -19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 3.20% | +5.27% |
Volatility
ICGA.DE vs. XMME.L - Volatility Comparison
The current volatility for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) is 6.02%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a volatility of 8.20%. This indicates that ICGA.DE experiences smaller price fluctuations and is considered to be less risky than XMME.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ICGA.DE | XMME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 8.20% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 17.00% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 19.75% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 17.56% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 19.29% | +7.76% |
ICGA.DE vs. XMME.L - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is higher than XMME.L's 0.18% expense ratio.
Dividends
ICGA.DE vs. XMME.L - Dividend Comparison
Neither ICGA.DE nor XMME.L has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and XMME.L 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.
On fees, XMME.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.L is cheaper with a 0.18% expense ratio, compared with 0.28% for ICGA.DE.
ICGA.DE is categorized as China Equities, while XMME.L is Emerging Markets Equities. ICGA.DE tracks MSCI China, while XMME.L tracks MSCI Total Return Net Emerging Markets Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.28% for ICGA.DE and 0.18% for XMME.L.
Find the right allocation for ICGA.DE and XMME.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer