SPXJ.L vs. XMME.DE
SPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - SPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, SPXJ.L returned 5.56%/yr vs 8.78%/yr for XMME.DE. A 0.62 correlation means they provide meaningful diversification when combined. SPXJ.L charges 0.60%/yr vs 0.18%/yr for XMME.DE.
Performance
SPXJ.L vs. XMME.DE - Performance Comparison
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Different Trading Currencies
SPXJ.L is traded in GBp, while XMME.DE is traded in EUR. To make them comparable, the XMME.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPXJ.L achieves a 8.56% return, which is significantly lower than XMME.DE's 28.88% return.
SPXJ.L
- 1D
- -0.92%
- 1M
- 0.58%
- YTD
- 8.56%
- 6M
- 9.23%
- 1Y
- 16.64%
- 3Y*
- 10.06%
- 5Y*
- 5.56%
- 10Y*
- 8.40%
XMME.DE
- 1D
- -0.97%
- 1M
- 7.90%
- YTD
- 28.88%
- 6M
- 29.70%
- 1Y
- 55.84%
- 3Y*
- 21.57%
- 5Y*
- 8.78%
- 10Y*
- —
SPXJ.L vs. XMME.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 8.56% | 11.54% | 7.16% | -1.01% | 4.28% | 5.67% | 1.82% | 15.19% | -5.97% | 5.24% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 28.88% | 24.87% | 8.86% | 3.78% | -10.35% | -2.64% | 12.59% | 15.56% | -9.91% | 8.38% |
Correlation
The correlation between SPXJ.L and XMME.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.62 |
The correlation between SPXJ.L and XMME.DE has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
SPXJ.L vs. XMME.DE — Risk / Return Rank
SPXJ.L
XMME.DE
SPXJ.L vs. XMME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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.
| SPXJ.L | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.62 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 5.22 | -2.92 |
| Martin ratioReturn relative to average drawdown | 6.86 | 18.66 | -11.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXJ.L | XMME.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 3.36 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.53 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.44 | +0.11 |
Drawdowns
SPXJ.L vs. XMME.DE - Drawdown Comparison
The maximum SPXJ.L drawdown since its inception was -32.61%, which is greater than XMME.DE's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for SPXJ.L and XMME.DE.
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Drawdown Indicators
| SPXJ.L | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.61% | -27.82% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -10.98% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -16.66% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -24.41% | +6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -32.61% | — | — |
Current DrawdownCurrent decline from peak | -3.28% | -0.97% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -10.06% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 3.08% | -0.63% |
Volatility
SPXJ.L vs. XMME.DE - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) is 3.81%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 7.38%. This indicates that SPXJ.L experiences smaller price fluctuations and is considered to be less risky than XMME.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXJ.L | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 7.38% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 14.60% | -6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 17.05% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 16.44% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 18.35% | -0.95% |
SPXJ.L vs. XMME.DE - Expense Ratio Comparison
SPXJ.L has a 0.60% expense ratio, which is higher than XMME.DE's 0.18% expense ratio.
Dividends
SPXJ.L vs. XMME.DE - Dividend Comparison
SPXJ.L's dividend yield for the trailing twelve months is around 2.80%, while XMME.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 2.80% | 2.93% | 3.42% | 3.60% | 3.75% | 2.84% | 2.63% | 3.63% | 3.71% | 3.36% | 3.20% | 3.30% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPXJ.L and XMME.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMME.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for SPXJ.L.
SPXJ.L is categorized as Asia Pacific Equities, while XMME.DE is Emerging Markets Equities. SPXJ.L tracks MSCI Pacific Ex Japan NR USD, while XMME.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.60% for SPXJ.L and 0.18% for XMME.DE.
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