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XDER.L vs. EEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDER.L vs. EEM

Last updated Jun 5, 2026

XDER.L (Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C) and EEM (iShares MSCI Emerging Markets ETF) are both exchange-traded funds - XDER.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while EEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net). Both are passively managed. Over the past 10 years, XDER.L returned 0.79%/yr vs 10.50%/yr for EEM. At a 0.29 correlation, their price movements are largely independent. XDER.L charges 0.33%/yr vs 0.72%/yr for EEM.

Performance

XDER.L vs. EEM - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) and iShares MSCI Emerging Markets ETF (EEM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XDER.L achieves a -1.79% return, which is significantly lower than EEM's 26.81% return. Over the past 10 years, XDER.L has underperformed EEM with an annualized return of 0.79%, while EEM has yielded a comparatively higher 10.50% annualized return.

XDER.L

1D
0.28%
1M
-0.05%
YTD
-1.79%
6M
-0.97%
1Y
-0.33%
3Y*
6.56%
5Y*
-4.50%
10Y*
0.79%

EEM

1D
-1.17%
1M
6.63%
YTD
26.81%
6M
28.11%
1Y
53.56%
3Y*
20.37%
5Y*
7.91%
10Y*
10.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDER.L vs. EEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDER.L
Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C		-1.79%11.17%-7.99%13.38%-32.92%10.39%-5.98%22.10%-7.09%16.56%
EEM
iShares MSCI Emerging Markets ETF		26.81%24.43%8.35%3.50%-11.12%-2.72%13.58%13.73%-10.29%25.39%

Correlation

The correlation between XDER.L and EEM is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2010

0.29

The correlation between XDER.L and EEM shifts across timeframes, from 0.18 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

XDER.L vs. EEM - Sectors Allocation Comparison

Sectors
XDER.L
EEM

Real Estate

97.7%
0.9%

Consumer Cyclical

1.0%
8.1%

Financial Services

0.5%
17.5%

Basic Materials

-

6.1%

Communication Services

-

5.7%

Consumer Defensive

-

2.7%

Energy

-

3.3%

Healthcare

-

2.5%

Industrials

-

6.2%

Technology

-

43.6%

Utilities

-

2.0%

Real Estate

XDER.L
97.7%
EEM
0.9%

Consumer Cyclical

XDER.L
1.0%
EEM
8.1%

Financial Services

XDER.L
0.5%
EEM
17.5%

Basic Materials

XDER.L

-

EEM
6.1%

Communication Services

XDER.L

-

EEM
5.7%

Consumer Defensive

XDER.L

-

EEM
2.7%

Energy

XDER.L

-

EEM
3.3%

Healthcare

XDER.L

-

EEM
2.5%

Industrials

XDER.L

-

EEM
6.2%

Technology

XDER.L

-

EEM
43.6%

Utilities

XDER.L

-

EEM
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C

iShares MSCI Emerging Markets ETF

Often compared with XDER.L:
XDER.L vs. VNQXDER.L vs. IPRP.LXDER.L vs. VGSIXXDER.L vs. IDWP.LXDER.L vs. AREG.LXDER.L vs. IWDP.LXDER.L vs. HPRD.L
Often compared with EEM:
EEM vs. VWOEEM vs. SPYEEM vs. IEMGEEM vs. IS3N.DEEEM vs. VXUSEEM vs. EEMSEEM vs. SPEM

Return for Risk

XDER.L vs. EEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDER.L
XDER.L Risk / Return Rank: 99
Overall Rank
XDER.L Sharpe Ratio Rank: 99
Sharpe Ratio Rank
XDER.L Sortino Ratio Rank: 99
Sortino Ratio Rank
XDER.L Omega Ratio Rank: 99
Omega Ratio Rank
XDER.L Calmar Ratio Rank: 99
Calmar Ratio Rank
XDER.L Martin Ratio Rank: 99
Martin Ratio Rank
EEM
EEM Risk / Return Rank: 7979
Overall Rank
EEM Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
EEM Sortino Ratio Rank: 7777
Sortino Ratio Rank
EEM Omega Ratio Rank: 8181
Omega Ratio Rank
EEM Calmar Ratio Rank: 7878
Calmar Ratio Rank
EEM Martin Ratio Rank: 7878
Martin Ratio Rank
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.

XDER.L vs. EEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) and iShares MSCI Emerging Markets ETF (EEM). 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.

XDER.LEEMDifference
Sharpe ratioReturn per unit of total volatility
-0.02
3.02

-3.04

Sortino ratioReturn per unit of downside risk
0.08
3.87

-3.79

Omega ratioGain probability vs. loss probability

1.01

1.57

-0.56

Calmar ratioReturn relative to maximum drawdown

-0.02

4.87

-4.89

Martin ratioReturn relative to average drawdown

-0.05

17.54

-17.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDER.L vs. EEM - Sharpe Ratio Comparison

The current XDER.L Sharpe Ratio is -0.02, which is lower than the EEM Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of XDER.L and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XDER.LEEMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.02

3.02

-3.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.21

0.48

-0.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.04

0.54

-0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.26

+0.05

Drawdowns

XDER.L vs. EEM - Drawdown Comparison

The maximum XDER.L drawdown since its inception was -45.20%, smaller than the maximum EEM drawdown of -52.83%. Use the drawdown chart below to compare losses from any high point for XDER.L and EEM.

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Drawdown Indicators

XDER.LEEMDifference

Max Drawdown

Largest peak-to-trough decline

-45.20%

-52.83%

+7.63%

Max Drawdown (1Y)

Largest decline over 1 year

-16.58%

-11.06%

-5.52%

Max Drawdown (3Y)

Largest decline over 3 years

-19.16%

-15.27%

-3.89%

Max Drawdown (5Y)

Largest decline over 5 years

-45.20%

-24.66%

-20.54%

Max Drawdown (10Y)

Largest decline over 10 years

-45.20%

-27.70%

-17.50%

Current Drawdown

Current decline from peak

-27.03%

-2.05%

-24.98%

Average Drawdown

Average peak-to-trough decline

-13.36%

-11.62%

-1.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.26%

3.06%

+3.20%

Volatility

XDER.L vs. EEM - Volatility Comparison

The current volatility for Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) is 5.38%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 7.68%. This indicates that XDER.L experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDER.LEEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.38%

7.68%

-2.30%

Volatility (6M)

Calculated over the trailing 6-month period

13.22%

15.48%

-2.26%

Volatility (1Y)

Calculated over the trailing 1-year period

15.53%

17.84%

-2.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.06%

16.61%

+4.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.77%

19.37%

-0.60%

XDER.L vs. EEM - Expense Ratio Comparison

XDER.L has a 0.33% expense ratio, which is lower than EEM's 0.72% expense ratio.

Dividends

XDER.L vs. EEM - Dividend Comparison

XDER.L has not paid dividends to shareholders, while EEM's dividend yield for the trailing twelve months is around 1.76%.

PositionTTM20252024202320222021202020192018201720162015
EEM
iShares MSCI Emerging Markets ETF		1.76%2.22%2.43%2.63%2.50%1.99%1.45%2.76%2.24%1.89%1.89%2.49%
XDER.L
Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XDER.L and EEM have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDER.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDER.L is cheaper with a 0.33% expense ratio, compared with 0.72% for EEM.

XDER.L is categorized as REIT, while EEM is Emerging Markets Diversified. XDER.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while EEM tracks MSCI Emerging Markets Index (Net). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.33% for XDER.L and 0.72% for EEM.

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