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XDEX.L vs. SEMA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDEX.L vs. SEMA.L

Last updated Jun 5, 2026

XDEX.L (Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C) and SEMA.L (iShares MSCI EM UCITS ETF (Acc)) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from Xtrackers and iShares respectively. Both are passively managed. Over the past 10 years, XDEX.L returned 14.10%/yr vs 10.90%/yr for SEMA.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

XDEX.L vs. SEMA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) and iShares MSCI EM UCITS ETF (Acc) (SEMA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XDEX.L achieves a 37.51% return, which is significantly higher than SEMA.L's 26.04% return. Over the past 10 years, XDEX.L has outperformed SEMA.L with an annualized return of 14.10%, while SEMA.L has yielded a comparatively lower 10.90% annualized return.

XDEX.L

1D
-1.96%
1M
7.93%
YTD
37.51%
6M
42.60%
1Y
73.80%
3Y*
22.70%
5Y*
13.34%
10Y*
14.10%

SEMA.L

1D
-1.41%
1M
6.37%
YTD
26.04%
6M
28.18%
1Y
53.95%
3Y*
20.93%
5Y*
8.58%
10Y*
10.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEX.L vs. SEMA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDEX.L
Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C		37.51%28.16%2.86%2.89%-10.24%20.08%12.90%21.94%-4.17%13.62%
SEMA.L
iShares MSCI EM UCITS ETF (Acc)		26.04%25.09%9.38%3.47%-10.74%-1.60%14.69%12.62%-9.25%24.43%

Correlation

The correlation between XDEX.L and SEMA.L is 0.89, 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

0.89

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

0.88

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

0.87

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

0.83

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2015

0.82

The correlation between XDEX.L and SEMA.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

XDEX.L vs. SEMA.L - Sectors Allocation Comparison

Sectors
XDEX.L
SEMA.L

Technology

50.4%
41.3%

Financial Services

17.4%
18.2%

Industrials

6.4%
7.0%

Basic Materials

6.3%
6.0%

Consumer Cyclical

3.8%
9.0%

Energy

3.3%
3.6%

Communication Services

3.1%
6.4%

Consumer Defensive

2.7%
2.8%

Utilities

2.1%
2.0%

Healthcare

2.0%
2.7%

Real Estate

0.8%
1.1%

Technology

XDEX.L
50.4%
SEMA.L
41.3%

Financial Services

XDEX.L
17.4%
SEMA.L
18.2%

Industrials

XDEX.L
6.4%
SEMA.L
7.0%

Basic Materials

XDEX.L
6.3%
SEMA.L
6.0%

Consumer Cyclical

XDEX.L
3.8%
SEMA.L
9.0%

Energy

XDEX.L
3.3%
SEMA.L
3.6%

Communication Services

XDEX.L
3.1%
SEMA.L
6.4%

Consumer Defensive

XDEX.L
2.7%
SEMA.L
2.8%

Utilities

XDEX.L
2.1%
SEMA.L
2.0%

Healthcare

XDEX.L
2.0%
SEMA.L
2.7%

Real Estate

XDEX.L
0.8%
SEMA.L
1.1%

Compare stocks, funds, or ETFs

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Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C

iShares MSCI EM UCITS ETF (Acc)

Often compared with XDEX.L:
XDEX.L vs. VWRP.LXDEX.L vs. EMVL.LXDEX.L vs. XMME.LXDEX.L vs. HEMC.LXDEX.L vs. AEME.LXDEX.L vs. VFEG.LXDEX.L vs. DEM.L
Often compared with SEMA.L:
SEMA.L vs. EMIM.LSEMA.L vs. EIMI.LSEMA.L vs. VFEG.LSEMA.L vs. VWRA.LSEMA.L vs. SWRD.MISEMA.L vs. EQQQ.LSEMA.L vs. EDIV

Return for Risk

XDEX.L vs. SEMA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDEX.L
XDEX.L Risk / Return Rank: 9494
Overall Rank
XDEX.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
XDEX.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
XDEX.L Omega Ratio Rank: 9595
Omega Ratio Rank
XDEX.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
XDEX.L Martin Ratio Rank: 9191
Martin Ratio Rank
SEMA.L
SEMA.L Risk / Return Rank: 8888
Overall Rank
SEMA.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
SEMA.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
SEMA.L Omega Ratio Rank: 9191
Omega Ratio Rank
SEMA.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
SEMA.L Martin Ratio Rank: 8585
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.

XDEX.L vs. SEMA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) and iShares MSCI EM UCITS ETF (Acc) (SEMA.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.

XDEX.LSEMA.LDifference
Sharpe ratioReturn per unit of total volatility
4.06
3.16

+0.90

Sortino ratioReturn per unit of downside risk
5.09
4.05

+1.04

Omega ratioGain probability vs. loss probability

1.74

1.59

+0.16

Calmar ratioReturn relative to maximum drawdown

5.83

4.90

+0.93

Martin ratioReturn relative to average drawdown

21.82

17.45

+4.36

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

XDEX.L vs. SEMA.L - Sharpe Ratio Comparison

The current XDEX.L Sharpe Ratio is 4.06, which is comparable to the SEMA.L Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of XDEX.L and SEMA.L, 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

XDEX.LSEMA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.06

3.16

+0.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.53

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.61

+0.29

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.40

+0.39

Drawdowns

XDEX.L vs. SEMA.L - Drawdown Comparison

The maximum XDEX.L drawdown since its inception was -24.54%, smaller than the maximum SEMA.L drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for XDEX.L and SEMA.L.

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Drawdown Indicators

XDEX.LSEMA.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.54%

-31.75%

+7.21%

Max Drawdown (1Y)

Largest decline over 1 year

-12.60%

-10.95%

-1.65%

Max Drawdown (3Y)

Largest decline over 3 years

-17.38%

-15.23%

-2.15%

Max Drawdown (5Y)

Largest decline over 5 years

-18.65%

-23.52%

+4.87%

Max Drawdown (10Y)

Largest decline over 10 years

-24.54%

-27.06%

+2.52%

Current Drawdown

Current decline from peak

-2.68%

-2.37%

-0.31%

Average Drawdown

Average peak-to-trough decline

-4.72%

-10.72%

+6.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.37%

3.08%

+0.29%

Volatility

XDEX.L vs. SEMA.L - Volatility Comparison

Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) has a higher volatility of 8.78% compared to iShares MSCI EM UCITS ETF (Acc) (SEMA.L) at 7.29%. This indicates that XDEX.L's price experiences larger fluctuations and is considered to be riskier than SEMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDEX.LSEMA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.78%

7.29%

+1.49%

Volatility (6M)

Calculated over the trailing 6-month period

16.04%

14.56%

+1.48%

Volatility (1Y)

Calculated over the trailing 1-year period

18.07%

17.00%

+1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.45%

16.21%

-0.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.62%

18.05%

-2.43%

XDEX.L vs. SEMA.L - Expense Ratio Comparison

Both XDEX.L and SEMA.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDEX.L vs. SEMA.L - Dividend Comparison

Neither XDEX.L nor SEMA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

XDEX.L and SEMA.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XDEX.L and SEMA.L have the same expense ratio: 0.18% per year.

Both ETFs track MSCI EM NR USD. They also come from different issuers: Xtrackers and iShares.

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