XEC1.DE vs. EMNE.DE
XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) and EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) are both exchange-traded funds - XEC1.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while EMNE.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus CTB Index. Both are passively managed. Over the past 3 years, XEC1.DE returned 4.27%/yr vs 14.84%/yr for EMNE.DE. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
XEC1.DE vs. EMNE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEC1.DE achieves a 0.42% return, which is significantly lower than EMNE.DE's 9.92% return.
XEC1.DE
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- -0.00%
- YTD
- 0.42%
- 1Y
- 1.28%
- 3Y*
- 4.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.63%
EMNE.DE
- 1D
- 0.22%
- 1M
- -2.09%
- 6M
- 8.22%
- YTD
- 9.92%
- 1Y
- 18.82%
- 3Y*
- 14.84%
- 5Y*
- 10.42%
- 10Y*
- —
- ALL TIME*
- 11.44%
XEC1.DE vs. EMNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 0.42% | 3.01% | 4.27% | 7.53% | -13.41% | 17.99% |
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 9.92% | 22.18% | 9.86% | 18.79% | -12.35% | 5.49% |
Correlation
The correlation between XEC1.DE and EMNE.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.33 |
Over the past year, XEC1.DE and EMNE.DE have become more correlated (0.53) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
XEC1.DE vs. EMNE.DE — Risk / Return Rank
XEC1.DE
EMNE.DE
XEC1.DE vs. EMNE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) and iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XEC1.DE | EMNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.72 | -1.24 |
| Martin ratioReturn relative to average drawdown | 1.60 | 6.34 | -4.75 |
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Drawdowns
XEC1.DE vs. EMNE.DE - Drawdown Comparison
The maximum XEC1.DE drawdown since its inception was -16.37%, smaller than the maximum EMNE.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for XEC1.DE and EMNE.DE.
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Drawdown Indicators
| XEC1.DE | EMNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -34.37% | +18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -10.90% | +8.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -15.10% | +12.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.70% | — |
Current DrawdownCurrent decline from peak | -0.94% | -2.73% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -5.19% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.96% | -2.16% |
Volatility
XEC1.DE vs. EMNE.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) is 0.77%, while iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a volatility of 3.80%. This indicates that XEC1.DE experiences smaller price fluctuations and is considered to be less risky than EMNE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEC1.DE | EMNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 3.80% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 12.63% | -9.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 14.93% | -11.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.63% | 16.24% | -6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 19.98% | -10.35% |
XEC1.DE vs. EMNE.DE - Expense Ratio Comparison
Both XEC1.DE and EMNE.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XEC1.DE vs. EMNE.DE - Dividend Comparison
XEC1.DE's dividend yield for the trailing twelve months is around 2.71%, more than EMNE.DE's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.39% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.71% | 2.50% | 2.68% | 1.77% | 1.08% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEC1.DE and EMNE.DE have a correlation of 0.53, 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 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XEC1.DE and EMNE.DE have the same expense ratio: 0.12% per year.
XEC1.DE is categorized as European Corporate Bonds, while EMNE.DE is Europe Equities. XEC1.DE tracks Bloomberg Euro Corporate Bond, while EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index. They also come from different issuers: Xtrackers and iShares.
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