XDEX.L vs. XEMD.L

Last updated Jun 5, 2026

XDEX.L (Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C) and XEMD.L (Xtrackers MSCI Emerging Markets UCITS ETF 1D) are both Emerging Markets Equities funds from Xtrackers tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, XDEX.L returned 22.70%/yr vs 24.05%/yr for XEMD.L. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.

Performance

XDEX.L vs. XEMD.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 Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDEX.L is traded in GBp, while XEMD.L is traded in EUR. To make them comparable, the XEMD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDEX.L achieves a 37.51% return, which is significantly higher than XEMD.L's 25.63% 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%

XEMD.L

• 1D: -1.30%
• 1M: 5.60%
• YTD: 25.63%
• 6M: 27.54%
• 1Y: 55.94%
• 3Y*: 24.05%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
XDEX.L Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C	37.51%	28.16%	2.86%	2.89%	-10.24%	0.70%
XEMD.L Xtrackers MSCI Emerging Markets UCITS ETF 1D	25.63%	40.45%	2.34%	8.02%	-16.25%	-3.49%

Correlation

The correlation between XDEX.L and XEMD.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.57

Over the past year, XDEX.L and XEMD.L have become more correlated (0.79) than their long-term average of 0.57, meaning their price movements have been converging.

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

Sectors	XDEX.L	XEMD.L
Technology	50.4%	36.9%
Financial Services	17.4%	19.5%
Industrials	6.4%	7.4%
Basic Materials	6.3%	6.5%
Consumer Cyclical	3.8%	9.6%
Energy	3.3%	4.1%
Communication Services	3.1%	7.0%
Consumer Defensive	2.7%	3.0%
Utilities	2.1%	2.1%
Healthcare	2.0%	2.9%
Real Estate	0.8%	1.1%

Return for Risk

XDEX.L vs. XEMD.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: 94
XDEX.L Sharpe Ratio Rank: 96
XDEX.L Sortino Ratio Rank: 95
XDEX.L Omega Ratio Rank: 95
XDEX.L Calmar Ratio Rank: 91
XDEX.L Martin Ratio Rank: 91

XEMD.L

XEMD.L Risk / Return Rank: 82
XEMD.L Sharpe Ratio Rank: 85
XEMD.L Sortino Ratio Rank: 82
XEMD.L Omega Ratio Rank: 83
XEMD.L Calmar Ratio Rank: 81
XEMD.L Martin Ratio Rank: 80

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. XEMD.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 Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.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.L	XEMD.L	Difference
Sharpe ratio: Return per unit of total volatility	4.06	3.00	+1.06
Sortino ratio: Return per unit of downside risk	5.09	3.83	+1.26
Omega ratio: Gain probability vs. loss probability	1.74	1.55	+0.19
Calmar ratio: Return relative to maximum drawdown	5.83	4.44	+1.39
Martin ratio: Return relative to average drawdown	21.82	16.19	+5.63
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. XEMD.L - Sharpe Ratio Comparison

The current XDEX.L Sharpe Ratio is 4.06, which is higher than the XEMD.L Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of XDEX.L and XEMD.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.

Sharpe Ratios by Period

	XDEX.L	XEMD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.06	3.00	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.70	+0.08

Drawdowns

XDEX.L vs. XEMD.L - Drawdown Comparison

The maximum XDEX.L drawdown since its inception was -24.54%, smaller than the maximum XEMD.L drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for XDEX.L and XEMD.L.

Drawdown Indicators

	XDEX.L	XEMD.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.54%	-30.04%	+5.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-13.40%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-17.38%	-15.51%	-1.87%
Max Drawdown (5Y) Largest decline over 5 years	-18.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.54%	—	—
Current Drawdown Current decline from peak	-2.68%	-2.42%	-0.26%
Average Drawdown Average peak-to-trough decline	-4.72%	-8.68%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.60%	-0.23%

Volatility

XDEX.L vs. XEMD.L - Volatility Comparison

Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L) have volatilities of 8.78% and 9.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDEX.L	XEMD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.78%	9.01%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	16.04%	16.93%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	18.07%	19.84%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	22.17%	-6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.62%	22.17%	-6.55%

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

Both XDEX.L and XEMD.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. XEMD.L - Dividend Comparison

XDEX.L has not paid dividends to shareholders, while XEMD.L's dividend yield for the trailing twelve months is around 1.33%.

Position	TTM	2025	2024	2023	2022
XDEX.L Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%
XEMD.L Xtrackers MSCI Emerging Markets UCITS ETF 1D	1.33%	1.63%	2.88%	2.15%	2.52%

Frequently Asked Questions

Can I hold both XDEX.L and XEMD.L in my portfolio?

XDEX.L and XEMD.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDEX.L or XEMD.L?

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

Which ETF is cheaper, XDEX.L or XEMD.L?

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

What is the main difference between XDEX.L and XEMD.L?

Both ETFs track MSCI EM NR USD.