VGEM.DE vs. XUEM.DE
Compare and contrast key facts about Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) and Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE).
VGEM.DE and XUEM.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGEM.DE is a passively managed fund by Vanguard that tracks the performance of the Bloomberg EM USD Sovereign + Quasi-Sov. It was launched on Dec 6, 2016. XUEM.DE is a passively managed fund by Xtrackers that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on May 9, 2018. Both VGEM.DE and XUEM.DE 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
VGEM.DE vs. XUEM.DE - Performance Comparison
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VGEM.DE vs. XUEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 0.43% | -1.55% | 12.06% | 5.25% | -10.36% | 5.98% | -3.91% | 15.57% | 3.28% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 0.38% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -6.64% | 17.85% | 4.17% |
Returns By Period
In the year-to-date period, VGEM.DE achieves a 0.43% return, which is significantly higher than XUEM.DE's 0.38% return.
VGEM.DE
- 1D
- 0.27%
- 1M
- -1.16%
- YTD
- 0.43%
- 6M
- 2.54%
- 1Y
- -0.28%
- 3Y*
- 5.02%
- 5Y*
- 2.06%
- 10Y*
- —
XUEM.DE
- 1D
- 0.08%
- 1M
- -1.64%
- YTD
- 0.38%
- 6M
- 3.04%
- 1Y
- 1.64%
- 3Y*
- 6.11%
- 5Y*
- 1.51%
- 10Y*
- —
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VGEM.DE vs. XUEM.DE - Expense Ratio Comparison
Both VGEM.DE and XUEM.DE 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
VGEM.DE vs. XUEM.DE — Risk / Return Rank
VGEM.DE
XUEM.DE
VGEM.DE vs. XUEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) and Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.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.
| VGEM.DE | XUEM.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.18 | -0.22 |
Sortino ratioReturn per unit of downside risk | 0.01 | 0.30 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.05 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.34 | -0.26 |
Martin ratioReturn relative to average drawdown | 0.25 | 1.35 | -1.10 |
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
| VGEM.DE | XUEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.18 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.17 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.25 | +0.04 |
Correlation
The correlation between VGEM.DE and XUEM.DE is 0.89, 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
VGEM.DE vs. XUEM.DE - Dividend Comparison
VGEM.DE's dividend yield for the trailing twelve months is around 5.16%, more than XUEM.DE's 4.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGEM.DE Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.16% | 5.60% | 5.23% | 5.14% | 4.84% | 3.16% | 3.99% | 3.87% | 3.84% | 0.68% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.65% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% | 0.00% | 0.00% |
Drawdowns
VGEM.DE vs. XUEM.DE - Drawdown Comparison
The maximum VGEM.DE drawdown since its inception was -19.64%, smaller than the maximum XUEM.DE drawdown of -26.83%. Use the drawdown chart below to compare losses from any high point for VGEM.DE and XUEM.DE.
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Drawdown Indicators
| VGEM.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -26.83% | +7.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -9.06% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -17.85% | +5.39% |
Current DrawdownCurrent decline from peak | -4.01% | -5.56% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -10.49% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.68% | +0.17% |
Volatility
VGEM.DE vs. XUEM.DE - Volatility Comparison
The current volatility for Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VGEM.DE) is 1.94%, while Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) has a volatility of 2.12%. This indicates that VGEM.DE experiences smaller price fluctuations and is considered to be less risky than XUEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEM.DE | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.12% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.20% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 8.90% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.91% | 8.78% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 10.54% | -1.62% |