XCEU.DE vs. 18M2.DE

Last updated Jun 5, 2026

XCEU.DE (Xtrackers MSCI EMU Climate Transition UCITS ETF 1C) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - XCEU.DE tracks the MSCI EMU NR EUR while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 3 years, XCEU.DE returned 14.38%/yr vs 12.13%/yr for 18M2.DE. A 0.79 correlation means they provide meaningful diversification when combined. XCEU.DE charges 0.12%/yr vs 0.30%/yr for 18M2.DE.

Performance

XCEU.DE vs. 18M2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI EMU Climate Transition UCITS ETF 1C (XCEU.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCEU.DE achieves a 8.87% return, which is significantly higher than 18M2.DE's 6.76% return.

XCEU.DE

• 1D: 0.24%
• 1M: 5.40%
• YTD: 8.87%
• 6M: 10.73%
• 1Y: 16.36%
• 3Y*: 14.38%
• 5Y*: —
• 10Y*: —

18M2.DE

• 1D: 0.32%
• 1M: 1.10%
• YTD: 6.76%
• 6M: 8.84%
• 1Y: 15.86%
• 3Y*: 12.13%
• 5Y*: 8.90%
• 10Y*: 8.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XCEU.DE vs. 18M2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XCEU.DE Xtrackers MSCI EMU Climate Transition UCITS ETF 1C	8.87%	19.79%	9.57%	5.60%
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR	6.76%	21.49%	3.36%	6.67%

Correlation

The correlation between XCEU.DE and 18M2.DE is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.79

The correlation between XCEU.DE and 18M2.DE has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

Return for Risk

XCEU.DE vs. 18M2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XCEU.DE

XCEU.DE Risk / Return Rank: 32
XCEU.DE Sharpe Ratio Rank: 31
XCEU.DE Sortino Ratio Rank: 32
XCEU.DE Omega Ratio Rank: 32
XCEU.DE Calmar Ratio Rank: 32
XCEU.DE Martin Ratio Rank: 36

18M2.DE

18M2.DE Risk / Return Rank: 45
18M2.DE Sharpe Ratio Rank: 43
18M2.DE Sortino Ratio Rank: 41
18M2.DE Omega Ratio Rank: 44
18M2.DE Calmar Ratio Rank: 52
18M2.DE Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCEU.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EMU Climate Transition UCITS ETF 1C (XCEU.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.

	XCEU.DE	18M2.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.49	-0.39
Sortino ratio: Return per unit of downside risk	1.66	2.06	-0.40
Omega ratio: Gain probability vs. loss probability	1.21	1.28	-0.07
Calmar ratio: Return relative to maximum drawdown	1.51	2.55	-1.04
Martin ratio: Return relative to average drawdown	5.43	6.71	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCEU.DE vs. 18M2.DE - Sharpe Ratio Comparison

The current XCEU.DE Sharpe Ratio is 1.09, which is comparable to the 18M2.DE Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of XCEU.DE and 18M2.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XCEU.DE	18M2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.49	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.44	+0.49

Drawdowns

XCEU.DE vs. 18M2.DE - Drawdown Comparison

The maximum XCEU.DE drawdown since its inception was -14.98%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for XCEU.DE and 18M2.DE.

Drawdown Indicators

	XCEU.DE	18M2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-14.98%	-37.06%	+22.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-6.19%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-14.98%	-14.68%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.06%	—
Current Drawdown Current decline from peak	-0.72%	-1.44%	+0.72%
Average Drawdown Average peak-to-trough decline	-2.47%	-6.42%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.36%	+0.65%

Volatility

XCEU.DE vs. 18M2.DE - Volatility Comparison

Xtrackers MSCI EMU Climate Transition UCITS ETF 1C (XCEU.DE) has a higher volatility of 4.62% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that XCEU.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCEU.DE	18M2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	2.63%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	8.33%	+3.92%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	10.62%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.44%	13.41%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.44%	15.44%	-1.00%

XCEU.DE vs. 18M2.DE - Expense Ratio Comparison

XCEU.DE has a 0.12% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.

Dividends

XCEU.DE vs. 18M2.DE - Dividend Comparison

Neither XCEU.DE nor 18M2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XCEU.DE and 18M2.DE in my portfolio?

XCEU.DE and 18M2.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCEU.DE or 18M2.DE?

On fees, XCEU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCEU.DE or 18M2.DE?

XCEU.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for 18M2.DE.

What is the main difference between XCEU.DE and 18M2.DE?

XCEU.DE tracks MSCI EMU NR EUR, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: DWS and Amundi. Their fees differ too: 0.12% for XCEU.DE and 0.30% for 18M2.DE.