UEFS.DE vs. XQUA.DE
UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) and XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds - UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped while XQUA.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 10 years, UEFS.DE returned 3.55%/yr vs 1.37%/yr for XQUA.DE. Their correlation of 0.90 suggests significant overlap in exposure. UEFS.DE charges 0.25%/yr vs 0.45%/yr for XQUA.DE.
Performance
UEFS.DE vs. XQUA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEFS.DE achieves a 3.71% return, which is significantly higher than XQUA.DE's 1.67% return. Over the past 10 years, UEFS.DE has outperformed XQUA.DE with an annualized return of 3.55%, while XQUA.DE has yielded a comparatively lower 1.37% annualized return.
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.91%
- YTD
- 3.71%
- 6M
- 3.67%
- 1Y
- 11.43%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
XQUA.DE
- 1D
- -0.04%
- 1M
- 1.14%
- YTD
- 1.67%
- 6M
- 0.76%
- 1Y
- 5.29%
- 3Y*
- 1.89%
- 5Y*
- 0.43%
- 10Y*
- 1.37%
UEFS.DE vs. XQUA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 17.07% | 0.35% | -3.07% |
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% | 0.48% | -5.38% |
Correlation
The correlation between UEFS.DE and XQUA.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.90 |
The correlation between UEFS.DE and XQUA.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
UEFS.DE vs. XQUA.DE — Risk / Return Rank
UEFS.DE
XQUA.DE
UEFS.DE vs. XQUA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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.
| UEFS.DE | XQUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.16 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.28 | +2.69 |
| Martin ratioReturn relative to average drawdown | 12.59 | 3.54 | +9.05 |
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
| UEFS.DE | XQUA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.91 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.05 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.15 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.16 | +0.28 |
Drawdowns
UEFS.DE vs. XQUA.DE - Drawdown Comparison
The maximum UEFS.DE drawdown since its inception was -24.26%, 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 UEFS.DE and XQUA.DE.
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Drawdown Indicators
| UEFS.DE | XQUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.26% | -20.18% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -4.12% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -11.44% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -16.68% | -1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -24.26% | -20.18% | -4.08% |
Current DrawdownCurrent decline from peak | -0.03% | -8.97% | +8.94% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -8.61% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.49% | -0.58% |
Volatility
UEFS.DE vs. XQUA.DE - Volatility Comparison
UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) has a higher volatility of 1.27% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) at 1.13%. This indicates that UEFS.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
| UEFS.DE | XQUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.13% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 3.85% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 5.82% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 8.31% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 8.85% | +0.52% |
UEFS.DE vs. XQUA.DE - Expense Ratio Comparison
UEFS.DE has a 0.25% expense ratio, which is lower than XQUA.DE's 0.45% expense ratio.
Dividends
UEFS.DE vs. XQUA.DE - Dividend Comparison
UEFS.DE's dividend yield for the trailing twelve months is around 6.50%, more than XQUA.DE's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
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% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, UEFS.DE and XQUA.DE 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, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for XQUA.DE.
UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped, while XQUA.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.25% for UEFS.DE and 0.45% for XQUA.DE.
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