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XEMD.L vs. ISDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEMD.L vs. ISDE.L

Last updated Jun 5, 2026

XEMD.L (Xtrackers MSCI Emerging Markets UCITS ETF 1D) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - XEMD.L tracks the MSCI EM NR USD while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 3 years, XEMD.L returned 23.87%/yr vs 28.77%/yr for ISDE.L. A 0.54 correlation means they provide meaningful diversification when combined. XEMD.L charges 0.18%/yr vs 0.85%/yr for ISDE.L.

Performance

XEMD.L vs. ISDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XEMD.L achieves a 26.56% return, which is significantly lower than ISDE.L's 61.94% return.

XEMD.L

1D
-1.42%
1M
5.37%
YTD
26.56%
6M
28.79%
1Y
51.83%
3Y*
23.87%
5Y*
—
10Y*
—

ISDE.L

1D
-2.92%
1M
14.16%
YTD
61.94%
6M
65.34%
1Y
103.70%
3Y*
28.77%
5Y*
13.87%
10Y*
12.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
XEMD.L
Xtrackers MSCI Emerging Markets UCITS ETF 1D		26.56%33.32%7.21%10.03%-20.21%-3.35%
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		61.94%23.79%2.82%10.56%-17.93%0.49%

Correlation

The correlation between XEMD.L and ISDE.L is 0.75, 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

0.75

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

0.66

Correlation (All Time)
Calculated using the full available price history since Nov 19, 2021

0.54

Over the past year, XEMD.L and ISDE.L have become more correlated (0.75) than their long-term average of 0.54, meaning their price movements have been converging.

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

Sectors
XEMD.L
ISDE.L

Technology

36.9%
48.0%

Financial Services

19.5%
3.7%

Consumer Cyclical

9.6%
5.3%

Industrials

7.4%
8.6%

Communication Services

7.0%
0.9%

Basic Materials

6.5%
12.2%

Energy

4.1%
10.1%

Consumer Defensive

3.0%
3.3%

Healthcare

2.9%
4.8%

Utilities

2.1%
2.3%

Real Estate

1.1%
0.9%

Technology

XEMD.L
36.9%
ISDE.L
48.0%

Financial Services

XEMD.L
19.5%
ISDE.L
3.7%

Consumer Cyclical

XEMD.L
9.6%
ISDE.L
5.3%

Industrials

XEMD.L
7.4%
ISDE.L
8.6%

Communication Services

XEMD.L
7.0%
ISDE.L
0.9%

Basic Materials

XEMD.L
6.5%
ISDE.L
12.2%

Energy

XEMD.L
4.1%
ISDE.L
10.1%

Consumer Defensive

XEMD.L
3.0%
ISDE.L
3.3%

Healthcare

XEMD.L
2.9%
ISDE.L
4.8%

Utilities

XEMD.L
2.1%
ISDE.L
2.3%

Real Estate

XEMD.L
1.1%
ISDE.L
0.9%

Compare stocks, funds, or ETFs

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

Xtrackers MSCI Emerging Markets UCITS ETF 1D

iShares MSCI EM Islamic UCITS ETF USD (Dist)

Often compared with XEMD.L:
XEMD.L vs. SPYM.DEXEMD.L vs. IEMGXEMD.L vs. GSBDXEMD.L vs. DXJXEMD.L vs. EMDV.LXEMD.L vs. FLXE.LXEMD.L vs. EMXC.L
Often compared with ISDE.L:
ISDE.L vs. VFEG.LISDE.L vs. JRDM.LISDE.L vs. VDEM.LISDE.L vs. LEML.LISDE.L vs. EDG2.LISDE.L vs. EMVL.LISDE.L vs. PRAM.L

Return for Risk

XEMD.L vs. ISDE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEMD.L
XEMD.L Risk / Return Rank: 8282
Overall Rank
XEMD.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XEMD.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
XEMD.L Omega Ratio Rank: 8383
Omega Ratio Rank
XEMD.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
XEMD.L Martin Ratio Rank: 8080
Martin Ratio Rank
ISDE.L
ISDE.L Risk / Return Rank: 9595
Overall Rank
ISDE.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ISDE.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
ISDE.L Omega Ratio Rank: 9595
Omega Ratio Rank
ISDE.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISDE.L Martin Ratio Rank: 9595
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.

XEMD.L vs. ISDE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.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.

XEMD.LISDE.LDifference
Sharpe ratioReturn per unit of total volatility
2.73
4.27

-1.53

Sortino ratioReturn per unit of downside risk
3.61
5.02

-1.40

Omega ratioGain probability vs. loss probability

1.49

1.73

-0.24

Calmar ratioReturn relative to maximum drawdown

4.16

8.37

-4.21

Martin ratioReturn relative to average drawdown

15.63

31.38

-15.75

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

XEMD.L vs. ISDE.L - Sharpe Ratio Comparison

The current XEMD.L Sharpe Ratio is 2.73, which is lower than the ISDE.L Sharpe Ratio of 4.27. The chart below compares the historical Sharpe Ratios of XEMD.L and ISDE.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

XEMD.LISDE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.73

4.27

-1.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.76

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.31

+0.35

Drawdowns

XEMD.L vs. ISDE.L - Drawdown Comparison

The maximum XEMD.L drawdown since its inception was -31.57%, smaller than the maximum ISDE.L drawdown of -51.78%. Use the drawdown chart below to compare losses from any high point for XEMD.L and ISDE.L.

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Drawdown Indicators

XEMD.LISDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.57%

-51.78%

+20.21%

Max Drawdown (1Y)

Largest decline over 1 year

-13.23%

-12.32%

-0.91%

Max Drawdown (3Y)

Largest decline over 3 years

-16.98%

-22.67%

+5.69%

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.67%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.50%

—

Current Drawdown

Current decline from peak

-2.61%

-3.55%

+0.94%

Average Drawdown

Average peak-to-trough decline

-9.32%

-13.50%

+4.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

3.29%

+0.15%

Volatility

XEMD.L vs. ISDE.L - Volatility Comparison

The current volatility for Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.L) is 9.04%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 11.44%. This indicates that XEMD.L experiences smaller price fluctuations and is considered to be less risky than ISDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEMD.LISDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.04%

11.44%

-2.40%

Volatility (6M)

Calculated over the trailing 6-month period

17.14%

21.21%

-4.07%

Volatility (1Y)

Calculated over the trailing 1-year period

20.17%

24.17%

-4.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.14%

18.16%

+3.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.14%

19.40%

+2.74%

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

XEMD.L has a 0.18% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.

Dividends

XEMD.L vs. ISDE.L - Dividend Comparison

XEMD.L's dividend yield for the trailing twelve months is around 1.33%, more than ISDE.L's 1.08% yield.

PositionTTM20252024202320222021202020192018201720162015
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		1.08%1.86%2.51%2.77%2.10%1.79%0.98%1.55%1.64%1.02%1.07%2.32%
XEMD.L
Xtrackers MSCI Emerging Markets UCITS ETF 1D		1.33%1.63%2.88%2.15%2.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XEMD.L and ISDE.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEMD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEMD.L is cheaper with a 0.18% expense ratio, compared with 0.85% for ISDE.L.

XEMD.L tracks MSCI EM NR USD, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XEMD.L and 0.85% for ISDE.L.

Portfolio Optimizer

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