UEFE.DE vs. XQUA.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds - UEFE.DE tracks the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond while XQUA.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs 0.43%/yr for XQUA.DE. A 0.52 correlation means they provide meaningful diversification when combined. UEFE.DE charges 0.40%/yr vs 0.45%/yr for XQUA.DE.
Performance
UEFE.DE vs. XQUA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEFE.DE achieves a 2.04% return, which is significantly higher than XQUA.DE's 1.67% return.
UEFE.DE
- 1D
- -0.42%
- 1M
- 1.09%
- YTD
- 2.04%
- 6M
- 2.04%
- 1Y
- 7.90%
- 3Y*
- 7.16%
- 5Y*
- 4.93%
- 10Y*
- —
XQUA.DE
- 1D
- -0.04%
- 1M
- 1.08%
- YTD
- 1.67%
- 6M
- 0.59%
- 1Y
- 5.57%
- 3Y*
- 1.89%
- 5Y*
- 0.43%
- 10Y*
- 1.37%
UEFE.DE vs. XQUA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 2.04% | 5.88% | 6.93% | 15.75% | -6.22% | 2.54% | -2.71% | 21.27% | 7.49% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 1.67% | -1.83% | 4.80% | 3.61% | -12.81% | 6.04% | -3.38% | 17.25% | 2.99% |
Correlation
The correlation between UEFE.DE and XQUA.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.52 |
The correlation between UEFE.DE and XQUA.DE has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
UEFE.DE vs. XQUA.DE — Risk / Return Rank
UEFE.DE
XQUA.DE
UEFE.DE vs. XQUA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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.
| UEFE.DE | XQUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.16 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.28 | +0.78 |
| Martin ratioReturn relative to average drawdown | 7.08 | 3.54 | +3.54 |
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
| UEFE.DE | XQUA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.91 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.05 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.16 | +0.50 |
Drawdowns
UEFE.DE vs. XQUA.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, which is greater than XQUA.DE's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and XQUA.DE.
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Drawdown Indicators
| UEFE.DE | XQUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -20.18% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.12% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -11.44% | +3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -16.68% | +4.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.18% | — |
Current DrawdownCurrent decline from peak | -1.03% | -8.97% | +7.94% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -8.61% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.49% | -0.35% |
Volatility
UEFE.DE vs. XQUA.DE - Volatility Comparison
UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) has a higher volatility of 1.93% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) at 1.13%. This indicates that UEFE.DE's price experiences larger fluctuations and is considered to be riskier than XQUA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEFE.DE | XQUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.13% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 3.85% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 5.82% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 8.31% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 8.85% | +0.97% |
UEFE.DE vs. XQUA.DE - Expense Ratio Comparison
UEFE.DE has a 0.40% expense ratio, which is lower than XQUA.DE's 0.45% expense ratio.
Dividends
UEFE.DE vs. XQUA.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, more than XQUA.DE's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 4.67% | 5.37% | 7.09% | 8.64% | 6.79% | 8.96% | 9.53% | 9.22% | 0.00% | 0.00% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.90% | 4.38% | 4.01% | 4.02% | 6.75% | 3.16% | 4.33% | 3.72% | 2.50% | 3.53% |
Frequently Asked Questions
UEFE.DE and XQUA.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFE.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for XQUA.DE.
UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while XQUA.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.40% for UEFE.DE and 0.45% for XQUA.DE.
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