XGLE.DE vs. XMME.DE
XGLE.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - XGLE.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, XGLE.DE returned -2.30%/yr vs 8.66%/yr for XMME.DE. At a 0.03 correlation, their price movements are largely independent. XGLE.DE charges 0.09%/yr vs 0.18%/yr for XMME.DE.
Performance
XGLE.DE vs. XMME.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGLE.DE achieves a 0.07% return, which is significantly lower than XMME.DE's 30.06% return.
XGLE.DE
- 1D
- 0.04%
- 1M
- 0.56%
- YTD
- 0.07%
- 6M
- 0.02%
- 1Y
- -0.07%
- 3Y*
- 2.36%
- 5Y*
- -2.30%
- 10Y*
- -0.35%
XMME.DE
- 1D
- -1.04%
- 1M
- 7.79%
- YTD
- 30.06%
- 6M
- 31.13%
- 1Y
- 51.93%
- 3Y*
- 21.36%
- 5Y*
- 8.66%
- 10Y*
- —
XGLE.DE vs. XMME.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLE.DE Xtrackers II Eurozone Government Bond UCITS ETF | 0.07% | 0.67% | 1.55% | 6.76% | -18.18% | -3.62% | 4.64% | 6.63% | 0.92% | -0.43% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 30.06% | 18.69% | 13.82% | 5.89% | -15.00% | 4.75% | 6.57% | 21.91% | -11.16% | 7.23% |
Correlation
The correlation between XGLE.DE and XMME.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.03 |
Over the past year, XGLE.DE and XMME.DE have become more correlated (0.32) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
XGLE.DE vs. XMME.DE — Risk / Return Rank
XGLE.DE
XMME.DE
XGLE.DE vs. XMME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.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.
| XGLE.DE | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.55 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.98 | -5.00 |
| Martin ratioReturn relative to average drawdown | -0.05 | 18.04 | -18.09 |
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
| XGLE.DE | XMME.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 3.00 | -3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.51 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.45 | +0.02 |
Drawdowns
XGLE.DE vs. XMME.DE - Drawdown Comparison
The maximum XGLE.DE drawdown since its inception was -22.59%, smaller than the maximum XMME.DE drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for XGLE.DE and XMME.DE.
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Drawdown Indicators
| XGLE.DE | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -31.96% | +9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -10.67% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -19.16% | +15.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.71% | -24.38% | +2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | — | — |
Current DrawdownCurrent decline from peak | -14.18% | -1.04% | -13.14% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -9.53% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.95% | -1.57% |
Volatility
XGLE.DE vs. XMME.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (XGLE.DE) is 1.78%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 7.48%. This indicates that XGLE.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
| XGLE.DE | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 7.48% | -5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 14.90% | -11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 17.70% | -13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 16.74% | -10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 18.61% | -13.00% |
XGLE.DE vs. XMME.DE - Expense Ratio Comparison
XGLE.DE has a 0.09% expense ratio, which is lower than XMME.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGLE.DE vs. XMME.DE - Dividend Comparison
Neither XGLE.DE nor XMME.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLE.DE and XMME.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for XMME.DE.
XGLE.DE is categorized as European Government Bonds, while XMME.DE is Emerging Markets Equities. XGLE.DE tracks iBoxx® EUR Sovereigns Eurozone, while XMME.DE tracks MSCI Emerging Markets. Their fees differ too: 0.09% for XGLE.DE and 0.18% for XMME.DE.
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