VDET.L vs. XQUA.L
VDET.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) and XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds - VDET.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index while XQUA.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, VDET.L returned 2.30%/yr vs -0.11%/yr for XQUA.L. Their correlation of 0.90 suggests significant overlap in exposure. VDET.L charges 0.23%/yr vs 0.45%/yr for XQUA.L.
Performance
VDET.L vs. XQUA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VDET.L achieves a 1.31% return, which is significantly higher than XQUA.L's 0.94% return.
VDET.L
- 1D
- -0.02%
- 1M
- 0.71%
- YTD
- 1.31%
- 6M
- 1.85%
- 1Y
- 9.46%
- 3Y*
- 8.79%
- 5Y*
- 2.30%
- 10Y*
- —
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%
VDET.L vs. XQUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 1.31% | 11.70% | 6.40% | 9.41% | -15.27% | -1.76% | 6.08% | 13.11% | -2.74% | 8.10% |
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 VDET.L and XQUA.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.90 |
The correlation between VDET.L and XQUA.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VDET.L vs. XQUA.L — Risk / Return Rank
VDET.L
XQUA.L
VDET.L vs. XQUA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.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.
| VDET.L | XQUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.00 | +0.64 |
| Martin ratioReturn relative to average drawdown | 10.75 | 7.21 | +3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VDET.L | XQUA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.72 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | -0.01 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.11 | +0.34 |
Drawdowns
VDET.L vs. XQUA.L - Drawdown Comparison
The maximum VDET.L drawdown since its inception was -24.09%, smaller than the maximum XQUA.L drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for VDET.L and XQUA.L.
Loading charts...
Drawdown Indicators
| VDET.L | XQUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.09% | -26.27% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -4.02% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.04% | -8.21% | +2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -26.26% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.27% | — |
Current DrawdownCurrent decline from peak | -0.22% | -2.91% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -7.73% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.12% | -0.24% |
Volatility
VDET.L vs. XQUA.L - Volatility Comparison
Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VDET.L) and Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) have volatilities of 1.79% and 1.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VDET.L | XQUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.74% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.72% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 4.71% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 8.01% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 8.65% | -0.95% |
VDET.L vs. XQUA.L - Expense Ratio Comparison
VDET.L has a 0.23% expense ratio, which is lower than XQUA.L's 0.45% expense ratio.
Dividends
VDET.L vs. XQUA.L - Dividend Comparison
VDET.L's dividend yield for the trailing twelve months is around 5.91%, more than XQUA.L's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VDET.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.91% | 6.03% | 5.84% | 5.44% | 5.01% | 3.89% | 4.19% | 4.32% | 4.61% | 4.59% |
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% |
Frequently Asked Questions
VDET.L and XQUA.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDET.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDET.L is cheaper with a 0.23% expense ratio, compared with 0.45% for XQUA.L.
VDET.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index, while XQUA.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.23% for VDET.L and 0.45% for XQUA.L.
Find the right allocation for VDET.L and XQUA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer