XGEZ.DE vs. XMME.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - XGEZ.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.19%/yr vs 21.36%/yr for XMME.DE. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
XGEZ.DE vs. XMME.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGEZ.DE achieves a 0.02% return, which is significantly lower than XMME.DE's 30.06% return.
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
XMME.DE
- 1D
- -1.04%
- 1M
- 5.19%
- YTD
- 30.06%
- 6M
- 29.85%
- 1Y
- 50.91%
- 3Y*
- 21.36%
- 5Y*
- 8.66%
- 10Y*
- —
XGEZ.DE vs. XMME.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 30.06% | 18.69% | 13.82% | 5.89% | 2.71% |
Correlation
The correlation between XGEZ.DE and XMME.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.10 |
Over the past year, XGEZ.DE and XMME.DE have become more correlated (0.34) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
XGEZ.DE vs. XMME.DE — Risk / Return Rank
XGEZ.DE
XMME.DE
XGEZ.DE vs. XMME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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.
| XGEZ.DE | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.26 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.55 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 4.98 | -5.31 |
| Martin ratioReturn relative to average drawdown | -0.72 | 18.04 | -18.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XGEZ.DE | XMME.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 3.00 | -3.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.45 | -0.28 |
Drawdowns
XGEZ.DE vs. XMME.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum XMME.DE drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and XMME.DE.
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Drawdown Indicators
| XGEZ.DE | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -31.96% | +18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -10.67% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -19.16% | +11.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.38% | — |
Current DrawdownCurrent decline from peak | -5.48% | -1.04% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -9.53% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.95% | -0.75% |
Volatility
XGEZ.DE vs. XMME.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) is 2.47%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 7.48%. This indicates that XGEZ.DE experiences smaller price fluctuations and is considered to be less risky than XMME.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGEZ.DE | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 7.48% | -5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 14.90% | -9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 17.70% | -11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 16.74% | -6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 18.61% | -8.69% |
XGEZ.DE vs. XMME.DE - Expense Ratio Comparison
Both XGEZ.DE and XMME.DE 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
XGEZ.DE vs. XMME.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%, while XMME.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGEZ.DE and XMME.DE have a correlation of 0.34, 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.
XGEZ.DE and XMME.DE have the same expense ratio: 0.18% per year.
XGEZ.DE is categorized as European Government Bonds, while XMME.DE is Emerging Markets Equities. XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while XMME.DE tracks MSCI Emerging Markets.
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