XGVD.DE vs. XMME.DE
XGVD.DE (Xtrackers Global Government Bond UCITS ETF EUR hedged) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - XGVD.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, XGVD.DE returned -2.52%/yr vs 8.66%/yr for XMME.DE. At a correlation of -0.05, they often move in opposite directions. XGVD.DE charges 0.25%/yr vs 0.18%/yr for XMME.DE.
Performance
XGVD.DE vs. XMME.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGVD.DE achieves a -0.89% return, which is significantly lower than XMME.DE's 30.06% return.
XGVD.DE
- 1D
- 0.01%
- 1M
- -0.26%
- YTD
- -0.89%
- 6M
- -0.81%
- 1Y
- -0.08%
- 3Y*
- 0.74%
- 5Y*
- -2.52%
- 10Y*
- -0.99%
XMME.DE
- 1D
- -1.04%
- 1M
- 5.19%
- YTD
- 30.06%
- 6M
- 29.85%
- 1Y
- 50.91%
- 3Y*
- 21.36%
- 5Y*
- 8.66%
- 10Y*
- —
XGVD.DE vs. XMME.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | -0.89% | 1.49% | -0.44% | 3.58% | -15.11% | -3.15% | 4.33% | 4.52% | -0.57% | -0.91% |
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 XGVD.DE and XMME.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | -0.05 |
The correlation between XGVD.DE and XMME.DE shifts across timeframes, from -0.05 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGVD.DE vs. XMME.DE — Risk / Return Rank
XGVD.DE
XMME.DE
XGVD.DE vs. XMME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.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.
| XGVD.DE | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.00 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.55 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.98 | -5.03 |
| Martin ratioReturn relative to average drawdown | -0.14 | 18.04 | -18.18 |
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
| XGVD.DE | XMME.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 3.00 | -3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.51 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.45 | -0.34 |
Drawdowns
XGVD.DE vs. XMME.DE - Drawdown Comparison
The maximum XGVD.DE drawdown since its inception was -21.37%, smaller than the maximum XMME.DE drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for XGVD.DE and XMME.DE.
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Drawdown Indicators
| XGVD.DE | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -31.96% | +10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -10.67% | +7.14% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -19.16% | +14.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -24.38% | +4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | — | — |
Current DrawdownCurrent decline from peak | -15.92% | -1.04% | -14.88% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -9.53% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.95% | -1.65% |
Volatility
XGVD.DE vs. XMME.DE - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF EUR hedged (XGVD.DE) is 1.38%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 7.48%. This indicates that XGVD.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
| XGVD.DE | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 7.48% | -6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 14.90% | -12.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 17.70% | -14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 16.74% | -11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 18.61% | -14.30% |
XGVD.DE vs. XMME.DE - Expense Ratio Comparison
XGVD.DE has a 0.25% expense ratio, which is higher than XMME.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGVD.DE vs. XMME.DE - Dividend Comparison
XGVD.DE's dividend yield for the trailing twelve months is around 2.73%, while XMME.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGVD.DE Xtrackers Global Government Bond UCITS ETF EUR hedged | 2.73% | 2.55% | 2.71% | 1.79% | 2.86% | 1.60% | 1.01% | 0.89% | 0.65% | 0.00% | 0.93% | 0.70% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGVD.DE and XMME.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMME.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XGVD.DE.
XGVD.DE is categorized as Global Bonds, while XMME.DE is Emerging Markets Equities. XGVD.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while XMME.DE tracks MSCI Emerging Markets. Their fees differ too: 0.25% for XGVD.DE and 0.18% for XMME.DE.
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