XMEM.L vs. IQQN.DE
XMEM.L (Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C) and IQQN.DE (iShares MSCI North America UCITS ETF) are both exchange-traded funds - XMEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IQQN.DE is a Large Cap Blend Equities fund tracking the MSCI North America. Both are passively managed. Over the past 10 years, XMEM.L returned 10.73%/yr vs 15.50%/yr for IQQN.DE. A 0.61 correlation means they provide meaningful diversification when combined. XMEM.L charges 0.49%/yr vs 0.40%/yr for IQQN.DE.
Performance
XMEM.L vs. IQQN.DE - Performance Comparison
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Different Trading Currencies
XMEM.L is traded in GBp, while IQQN.DE is traded in EUR. To make them comparable, the IQQN.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMEM.L achieves a 25.99% return, which is significantly higher than IQQN.DE's 10.22% return. Over the past 10 years, XMEM.L has underperformed IQQN.DE with an annualized return of 10.73%, while IQQN.DE has yielded a comparatively higher 15.50% annualized return.
XMEM.L
- 1D
- -1.54%
- 1M
- 6.19%
- YTD
- 25.99%
- 6M
- 27.99%
- 1Y
- 53.69%
- 3Y*
- 20.58%
- 5Y*
- 8.31%
- 10Y*
- 10.73%
IQQN.DE
- 1D
- 0.07%
- 1M
- 5.44%
- YTD
- 10.22%
- 6M
- 10.05%
- 1Y
- 28.51%
- 3Y*
- 18.82%
- 5Y*
- 14.13%
- 10Y*
- 15.50%
XMEM.L vs. IQQN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMEM.L Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C | 25.99% | 24.74% | 8.98% | 2.98% | -10.70% | -2.06% | 13.72% | 13.41% | -9.64% | 25.10% |
IQQN.DE iShares MSCI North America UCITS ETF | 10.22% | 10.41% | 25.70% | 19.87% | -10.87% | 28.36% | 14.66% | 27.23% | -0.93% | 10.71% |
Correlation
The correlation between XMEM.L and IQQN.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2007 | 0.61 |
The correlation between XMEM.L and IQQN.DE shifts across timeframes, from 0.50 (5 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMEM.L vs. IQQN.DE — Risk / Return Rank
XMEM.L
IQQN.DE
XMEM.L vs. IQQN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C (XMEM.L) and iShares MSCI North America UCITS ETF (IQQN.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.
| XMEM.L | IQQN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.47 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.96 | +0.91 |
| Martin ratioReturn relative to average drawdown | 17.24 | 14.22 | +3.03 |
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
| XMEM.L | IQQN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 2.56 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.95 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.97 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.65 | -0.36 |
Drawdowns
XMEM.L vs. IQQN.DE - Drawdown Comparison
The maximum XMEM.L drawdown since its inception was -54.53%, which is greater than IQQN.DE's maximum drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for XMEM.L and IQQN.DE.
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Drawdown Indicators
| XMEM.L | IQQN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.53% | -36.55% | -17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -7.17% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.33% | -22.16% | +6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | -22.16% | -1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -27.58% | -27.05% | -0.53% |
Current DrawdownCurrent decline from peak | -2.44% | -0.15% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -11.73% | -5.18% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.00% | +1.10% |
Volatility
XMEM.L vs. IQQN.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C (XMEM.L) has a higher volatility of 7.37% compared to iShares MSCI North America UCITS ETF (IQQN.DE) at 3.03%. This indicates that XMEM.L's price experiences larger fluctuations and is considered to be riskier than IQQN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMEM.L | IQQN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 3.03% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 7.41% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 11.10% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 14.77% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 15.95% | +2.36% |
XMEM.L vs. IQQN.DE - Expense Ratio Comparison
XMEM.L has a 0.49% expense ratio, which is higher than IQQN.DE's 0.40% expense ratio.
Dividends
XMEM.L vs. IQQN.DE - Dividend Comparison
XMEM.L has not paid dividends to shareholders, while IQQN.DE's dividend yield for the trailing twelve months is around 0.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
XMEM.L Xtrackers MSCI Emerging Markets Swap 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
XMEM.L and IQQN.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQN.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQN.DE is cheaper with a 0.40% expense ratio, compared with 0.49% for XMEM.L.
XMEM.L is categorized as Emerging Markets Equities, while IQQN.DE is Large Cap Blend Equities. XMEM.L tracks MSCI EM NR USD, while IQQN.DE tracks MSCI North America. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.49% for XMEM.L and 0.40% for IQQN.DE.
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