XEML vs. TRSY

Last updated Jun 6, 2026

XEML (Xtrackers Europe Market Leaders ETF) and TRSY (Xtrackers US 0-1 Year Treasury ETF) are both exchange-traded funds - XEML is a Europe Equities fund tracking the STOXX Europe Total Market Leaders Index, while TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. XEML charges 0.35%/yr vs 0.06%/yr for TRSY.

Performance

XEML vs. TRSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Europe Market Leaders ETF (XEML) and Xtrackers US 0-1 Year Treasury ETF (TRSY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with XEML having a 1.49% return and TRSY slightly higher at 1.50%.

XEML

• 1D: -1.83%
• 1M: -1.97%
• YTD: 1.49%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRSY

• 1D: 0.02%
• 1M: 0.30%
• YTD: 1.50%
• 6M: 1.75%
• 1Y: 3.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XEML vs. TRSY - Yearly Performance Comparison

	2026 (YTD)	2025
XEML Xtrackers Europe Market Leaders ETF	1.49%	-0.42%
TRSY Xtrackers US 0-1 Year Treasury ETF	1.50%	0.08%

Correlation

The correlation between XEML and TRSY is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 24, 2025	0.03

Return for Risk

XEML vs. TRSY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRSY

TRSY Risk / Return Rank: 100
TRSY Sharpe Ratio Rank: 99
TRSY Sortino Ratio Rank: 100
TRSY Omega Ratio Rank: 100
TRSY Calmar Ratio Rank: 100
TRSY Martin Ratio Rank: 100

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.

XEML vs. TRSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Europe Market Leaders ETF (XEML) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XEML	TRSY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	10.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	3.90	-3.78

Drawdowns

XEML vs. TRSY - Drawdown Comparison

The maximum XEML drawdown since its inception was -13.49%, which is greater than TRSY's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for XEML and TRSY.

Drawdown Indicators

	XEML	TRSY	Difference
Max Drawdown Largest peak-to-trough decline	-13.49%	-0.82%	-12.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.07%	—
Current Drawdown Current decline from peak	-6.81%	0.00%	-6.81%
Average Drawdown Average peak-to-trough decline	-4.93%	-0.06%	-4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	XEML	TRSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.83%	0.38%	+19.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	1.06%	+18.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	1.06%	+18.77%

XEML vs. TRSY - Expense Ratio Comparison

XEML has a 0.35% expense ratio, which is higher than TRSY's 0.06% expense ratio.

Dividends

XEML vs. TRSY - Dividend Comparison

XEML's dividend yield for the trailing twelve months is around 0.10%, less than TRSY's 3.72% yield.

Position	TTM	2025	2024
TRSY Xtrackers US 0-1 Year Treasury ETF	3.72%	4.00%	0.96%
XEML Xtrackers Europe Market Leaders ETF	0.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XEML and TRSY in my portfolio?

XEML and TRSY have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XEML or TRSY?

On fees, TRSY is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XEML or TRSY?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.35% for XEML.

Which ETF pays a higher dividend yield, XEML or TRSY?

TRSY has the higher dividend yield at 3.72%, compared with 0.10% for XEML.

What is the main difference between XEML and TRSY?

XEML is categorized as Europe Equities, while TRSY is Government Bonds. XEML tracks STOXX Europe Total Market Leaders Index, while TRSY tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.35% for XEML and 0.06% for TRSY.