LEMB.L vs. XQUA.L
LEMB.L (Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist) and XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from Amundi and Xtrackers respectively. Both are passively managed. Over the past 10 years, LEMB.L returned 2.19%/yr vs 0.95%/yr for XQUA.L. Their correlation of 0.88 suggests significant overlap in exposure. LEMB.L charges 0.30%/yr vs 0.45%/yr for XQUA.L.
Performance
LEMB.L vs. XQUA.L - Performance Comparison
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Returns By Period
In the year-to-date period, LEMB.L achieves a 1.79% return, which is significantly higher than XQUA.L's 0.94% return. Over the past 10 years, LEMB.L has outperformed XQUA.L with an annualized return of 2.19%, while XQUA.L has yielded a comparatively lower 0.95% annualized return.
LEMB.L
- 1D
- 0.25%
- 1M
- 0.96%
- YTD
- 1.79%
- 6M
- 2.28%
- 1Y
- 10.73%
- 3Y*
- 7.40%
- 5Y*
- 1.16%
- 10Y*
- 2.19%
XQUA.L
- 1D
- 0.35%
- 1M
- 0.59%
- YTD
- 0.94%
- 6M
- 0.97%
- 1Y
- 8.08%
- 3Y*
- 5.25%
- 5Y*
- -0.11%
- 10Y*
- 0.95%
LEMB.L vs. XQUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 1.79% | 12.48% | 0.66% | 9.26% | -16.61% | -2.23% | 4.28% | 13.91% | -4.52% | 8.55% |
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 0.94% | 10.82% | -0.40% | 7.51% | -17.76% | -1.45% | 6.97% | 10.02% | -6.59% | 4.54% |
Correlation
The correlation between LEMB.L and XQUA.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.88 |
The correlation between LEMB.L and XQUA.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
LEMB.L vs. XQUA.L — Risk / Return Rank
LEMB.L
XQUA.L
LEMB.L vs. XQUA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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.
| LEMB.L | XQUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.00 | +0.86 |
| Martin ratioReturn relative to average drawdown | 11.44 | 7.21 | +4.23 |
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
| LEMB.L | XQUA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.72 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.01 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.11 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.11 | +0.19 |
Drawdowns
LEMB.L vs. XQUA.L - Drawdown Comparison
The maximum LEMB.L drawdown since its inception was -27.40%, roughly equal to the maximum XQUA.L drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for LEMB.L and XQUA.L.
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Drawdown Indicators
| LEMB.L | XQUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -26.27% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -4.02% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -8.21% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -26.26% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | -26.27% | -1.13% |
Current DrawdownCurrent decline from peak | -0.02% | -2.91% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -7.73% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.12% | -0.18% |
Volatility
LEMB.L vs. XQUA.L - Volatility Comparison
Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist (LEMB.L) has a higher volatility of 2.05% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) at 1.74%. This indicates that LEMB.L's price experiences larger fluctuations and is considered to be riskier than XQUA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEMB.L | XQUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 1.74% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.72% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 4.71% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 8.01% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.18% | 8.65% | +1.53% |
LEMB.L vs. XQUA.L - Expense Ratio Comparison
LEMB.L has a 0.30% expense ratio, which is lower than XQUA.L's 0.45% expense ratio.
Dividends
LEMB.L vs. XQUA.L - Dividend Comparison
LEMB.L's dividend yield for the trailing twelve months is around 5.20%, more than XQUA.L's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEMB.L Lyxor iBoxx USD Liquid Emerging Markets Sovereigns UCITS ETF - Dist | 5.20% | 5.29% | 3.59% | 5.90% | 5.73% | 4.49% | 4.12% | 5.12% | 5.18% | 5.14% | 5.41% | 6.69% |
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 4.61% | 4.49% | 4.61% | 4.24% | 6.92% | 4.08% | 4.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, LEMB.L and XQUA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LEMB.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEMB.L is cheaper with a 0.30% expense ratio, compared with 0.45% for XQUA.L.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.30% for LEMB.L and 0.45% for XQUA.L.
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