PEMD.L vs. XUEB.L
Compare and contrast key facts about Invesco Emerging Markets USD Bond UCITS ETF Dist (PEMD.L) and Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L).
PEMD.L and XUEB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEMD.L is a passively managed fund by Invesco that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Nov 16, 2017. XUEB.L is a passively managed fund by Xtrackers that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Mar 11, 2020. Both PEMD.L and XUEB.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PEMD.L vs. XUEB.L - Performance Comparison
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PEMD.L vs. XUEB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PEMD.L Invesco Emerging Markets USD Bond UCITS ETF Dist | -1.32% | 12.80% | 6.20% | 10.59% | 4.98% |
XUEB.L Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | -0.72% | 13.61% | 6.10% | 11.06% | 5.53% |
Returns By Period
In the year-to-date period, PEMD.L achieves a -1.32% return, which is significantly lower than XUEB.L's -0.72% return.
PEMD.L
- 1D
- 0.77%
- 1M
- -2.30%
- YTD
- -1.32%
- 6M
- 2.11%
- 1Y
- 8.59%
- 3Y*
- 8.37%
- 5Y*
- 2.36%
- 10Y*
- —
XUEB.L
- 1D
- 1.04%
- 1M
- -2.05%
- YTD
- -0.72%
- 6M
- 2.15%
- 1Y
- 10.04%
- 3Y*
- 9.09%
- 5Y*
- —
- 10Y*
- —
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PEMD.L vs. XUEB.L - Expense Ratio Comparison
Both PEMD.L and XUEB.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
PEMD.L vs. XUEB.L — Risk / Return Rank
PEMD.L
XUEB.L
PEMD.L vs. XUEB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Emerging Markets USD Bond UCITS ETF Dist (PEMD.L) and Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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.
| PEMD.L | XUEB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.54 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.19 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.26 | -0.33 |
Martin ratioReturn relative to average drawdown | 8.11 | 9.82 | -1.72 |
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
| PEMD.L | XUEB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.54 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.10 | -0.89 |
Correlation
The correlation between PEMD.L and XUEB.L is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PEMD.L vs. XUEB.L - Dividend Comparison
PEMD.L's dividend yield for the trailing twelve months is around 5.61%, while XUEB.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PEMD.L Invesco Emerging Markets USD Bond UCITS ETF Dist | 5.61% | 5.49% | 5.83% | 5.54% | 4.94% | 3.93% | 3.60% | 4.99% | 5.36% |
XUEB.L Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEMD.L vs. XUEB.L - Drawdown Comparison
The maximum PEMD.L drawdown since its inception was -26.74%, which is greater than XUEB.L's maximum drawdown of -14.08%. Use the drawdown chart below to compare losses from any high point for PEMD.L and XUEB.L.
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Drawdown Indicators
| PEMD.L | XUEB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.74% | -14.08% | -12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -5.06% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | — | — |
Current DrawdownCurrent decline from peak | -3.22% | -2.86% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -2.15% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.04% | +0.03% |
Volatility
PEMD.L vs. XUEB.L - Volatility Comparison
Invesco Emerging Markets USD Bond UCITS ETF Dist (PEMD.L) has a higher volatility of 2.75% compared to Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L) at 2.57%. This indicates that PEMD.L's price experiences larger fluctuations and is considered to be riskier than XUEB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEMD.L | XUEB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.57% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 3.66% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.59% | 6.50% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.25% | 8.62% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.22% | 8.62% | +2.60% |