XDBG.L vs. XMME.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L).

XDBG.L and XMME.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDBG.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). It was launched on Feb 9, 2011. XMME.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI Total Return Net Emerging Markets Index. It was launched on Jun 21, 2017. Both XDBG.L and XMME.L 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

XDBG.L vs. XMME.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L). The values are adjusted to include any dividend payments, if applicable.

XDBG.L vs. XMME.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged	15.97%	25.68%	8.15%	-11.18%	18.13%	38.25%	-3.17%	5.10%	-12.92%	10.71%
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C	7.32%	24.25%	9.25%	4.13%	-11.35%	-1.89%	14.98%	12.73%	-9.39%	11.95%

Different Trading Currencies

XDBG.L is traded in GBp, while XMME.L is traded in USD. To make them comparable, the XMME.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDBG.L achieves a 15.97% return, which is significantly higher than XMME.L's 7.32% return.

XDBG.L

• 1D: -1.28%
• 1M: 1.81%
• YTD: 15.97%
• 6M: 28.69%
• 1Y: 30.04%
• 3Y*: 14.47%
• 5Y*: 15.82%
• 10Y*: 9.23%

XMME.L

• 1D: 3.94%
• 1M: -4.78%
• YTD: 7.32%
• 6M: 10.75%
• 1Y: 31.65%
• 3Y*: 13.95%
• 5Y*: 5.19%
• 10Y*: —

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

XDBG.L vs. XMME.L - Expense Ratio Comparison

XDBG.L has a 0.39% expense ratio, which is higher than XMME.L's 0.18% expense ratio.

XDBG.L

Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged

XMME.L

Xtrackers MSCI Emerging Markets UCITS ETF 1C

Return for Risk

XDBG.L vs. XMME.L — Risk / Return Rank

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

XDBG.L

XDBG.L Risk / Return Rank: 77
XDBG.L Sharpe Ratio Rank: 78
XDBG.L Sortino Ratio Rank: 74
XDBG.L Omega Ratio Rank: 74
XDBG.L Calmar Ratio Rank: 89
XDBG.L Martin Ratio Rank: 72

XMME.L

XMME.L Risk / Return Rank: 84
XMME.L Sharpe Ratio Rank: 86
XMME.L Sortino Ratio Rank: 85
XMME.L Omega Ratio Rank: 83
XMME.L Calmar Ratio Rank: 85
XMME.L Martin Ratio Rank: 83

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.

XDBG.L vs. XMME.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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.

	XDBG.L	XMME.L	Difference
Sharpe ratio Return per unit of total volatility	1.54	1.76	-0.22
Sortino ratio Return per unit of downside risk	1.97	2.31	-0.34
Omega ratio Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio Return relative to maximum drawdown	3.14	3.01	+0.13
Martin ratio Return relative to average drawdown	8.32	10.12	-1.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDBG.L vs. XMME.L - Sharpe Ratio Comparison

The current XDBG.L Sharpe Ratio is 1.54, which is comparable to the XMME.L Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of XDBG.L and XMME.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XDBG.L	XMME.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.76	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.31	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.35	-0.29

Correlation

The correlation between XDBG.L and XMME.L is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XDBG.L vs. XMME.L - Dividend Comparison

Neither XDBG.L nor XMME.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XDBG.L vs. XMME.L - Drawdown Comparison

The maximum XDBG.L drawdown since its inception was -64.69%, which is greater than XMME.L's maximum drawdown of -27.98%. Use the drawdown chart below to compare losses from any high point for XDBG.L and XMME.L.

Drawdown Indicators

	XDBG.L	XMME.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.69%	-40.28%	-24.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.64%	-12.95%	+0.31%
Max Drawdown (5Y) Largest decline over 5 years	-28.67%	-37.76%	+9.09%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	—	—
Current Drawdown Current decline from peak	-4.25%	-9.08%	+4.83%
Average Drawdown Average peak-to-trough decline	-35.60%	-15.71%	-19.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	3.54%	+0.08%

Volatility

XDBG.L vs. XMME.L - Volatility Comparison

The current volatility for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) is 5.60%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a volatility of 8.54%. This indicates that XDBG.L experiences smaller price fluctuations and is considered to be less risky than XMME.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDBG.L	XMME.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	8.54%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	15.39%	13.80%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	19.45%	17.97%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	16.57%	+2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	18.76%	-2.73%