XMEM.L vs. IQQY.DE
XMEM.L (Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C) and IQQY.DE (iShares Core MSCI Europe UCITS ETF EUR (Dist)) are both exchange-traded funds - XMEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IQQY.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, XMEM.L returned 10.73%/yr vs 10.23%/yr for IQQY.DE. A 0.61 correlation means they provide meaningful diversification when combined. XMEM.L charges 0.49%/yr vs 0.12%/yr for IQQY.DE.
Performance
XMEM.L vs. IQQY.DE - Performance Comparison
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Different Trading Currencies
XMEM.L is traded in GBp, while IQQY.DE is traded in EUR. To make them comparable, the IQQY.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 IQQY.DE's 6.51% return. Both investments have delivered pretty close results over the past 10 years, with XMEM.L having a 10.73% annualized return and IQQY.DE not far behind at 10.23%.
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%
IQQY.DE
- 1D
- 0.68%
- 1M
- 3.58%
- YTD
- 6.51%
- 6M
- 8.75%
- 1Y
- 19.33%
- 3Y*
- 13.87%
- 5Y*
- 10.14%
- 10Y*
- 10.23%
XMEM.L vs. IQQY.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% |
IQQY.DE iShares Core MSCI Europe UCITS ETF EUR (Dist) | 6.51% | 26.78% | 3.60% | 13.13% | -4.16% | 16.48% | 2.18% | 21.11% | -9.63% | 15.28% |
Correlation
The correlation between XMEM.L and IQQY.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2007 | 0.61 |
The correlation between XMEM.L and IQQY.DE has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
XMEM.L vs. IQQY.DE — Risk / Return Rank
XMEM.L
IQQY.DE
XMEM.L vs. IQQY.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 Core MSCI Europe UCITS ETF EUR (Dist) (IQQY.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 | IQQY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.29 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 1.84 | +3.04 |
| Martin ratioReturn relative to average drawdown | 17.24 | 6.68 | +10.56 |
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 | IQQY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.55 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.71 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.67 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.38 | -0.08 |
Drawdowns
XMEM.L vs. IQQY.DE - Drawdown Comparison
The maximum XMEM.L drawdown since its inception was -54.53%, which is greater than IQQY.DE's maximum drawdown of -44.87%. Use the drawdown chart below to compare losses from any high point for XMEM.L and IQQY.DE.
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Drawdown Indicators
| XMEM.L | IQQY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.53% | -44.87% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -10.48% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -15.33% | -13.81% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | -15.87% | -8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -27.58% | -28.37% | +0.79% |
Current DrawdownCurrent decline from peak | -2.44% | -1.25% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -11.73% | -6.94% | -4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.89% | +0.21% |
Volatility
XMEM.L vs. IQQY.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C (XMEM.L) has a higher volatility of 7.37% compared to iShares Core MSCI Europe UCITS ETF EUR (Dist) (IQQY.DE) at 4.10%. This indicates that XMEM.L's price experiences larger fluctuations and is considered to be riskier than IQQY.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 | IQQY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 4.10% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 10.48% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 12.42% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 14.08% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 15.23% | +3.08% |
XMEM.L vs. IQQY.DE - Expense Ratio Comparison
XMEM.L has a 0.49% expense ratio, which is higher than IQQY.DE's 0.12% expense ratio.
Dividends
XMEM.L vs. IQQY.DE - Dividend Comparison
XMEM.L has not paid dividends to shareholders, while IQQY.DE's dividend yield for the trailing twelve months is around 2.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQY.DE iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.54% | 2.54% | 2.88% | 2.87% | 2.92% | 2.24% | 2.06% | 3.04% | 3.26% | 2.63% | 2.85% | 2.65% |
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 IQQY.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQY.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQY.DE is cheaper with a 0.12% expense ratio, compared with 0.49% for XMEM.L.
XMEM.L is categorized as Emerging Markets Equities, while IQQY.DE is Europe Equities. XMEM.L tracks MSCI EM NR USD, while IQQY.DE tracks MSCI Europe. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.49% for XMEM.L and 0.12% for IQQY.DE.
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