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XMEM.L vs. ISDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMEM.L vs. ISDE.L

Last updated Jun 5, 2026

XMEM.L (Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - XMEM.L tracks the MSCI EM NR USD while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 10 years, XMEM.L returned 10.73%/yr vs 13.94%/yr for ISDE.L. A 0.69 correlation means they provide meaningful diversification when combined. XMEM.L charges 0.49%/yr vs 0.85%/yr for ISDE.L.

Performance

XMEM.L vs. ISDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C (XMEM.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XMEM.L is traded in GBp, while ISDE.L is traded in USD. To make them comparable, the ISDE.L 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 lower than ISDE.L's 60.76% return. Over the past 10 years, XMEM.L has underperformed ISDE.L with an annualized return of 10.73%, while ISDE.L has yielded a comparatively higher 13.94% 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%

ISDE.L

1D
-2.79%
1M
14.45%
YTD
60.76%
6M
63.75%
1Y
109.18%
3Y*
28.97%
5Y*
14.04%
10Y*
13.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMEM.L vs. ISDE.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		60.76%30.46%-1.86%8.28%-13.53%3.61%18.62%14.85%-12.37%29.47%

Correlation

The correlation between XMEM.L and ISDE.L is 0.80, 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

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jan 23, 2008

0.69

The correlation between XMEM.L and ISDE.L shifts across timeframes, from 0.69 (all time) to 0.81 (10 years), reflecting how their relationship changes across market environments.

XMEM.L vs. ISDE.L - Sectors Allocation Comparison

Sectors
XMEM.L
ISDE.L

Technology

36.9%
48.0%

Financial Services

19.5%
3.7%

Consumer Cyclical

9.6%
5.3%

Industrials

7.5%
8.6%

Communication Services

6.9%
0.9%

Basic Materials

6.6%
12.2%

Energy

4.1%
10.1%

Consumer Defensive

3.0%
3.3%

Healthcare

2.9%
4.8%

Utilities

2.1%
2.3%

Real Estate

1.0%
0.9%

Technology

XMEM.L
36.9%
ISDE.L
48.0%

Financial Services

XMEM.L
19.5%
ISDE.L
3.7%

Consumer Cyclical

XMEM.L
9.6%
ISDE.L
5.3%

Industrials

XMEM.L
7.5%
ISDE.L
8.6%

Communication Services

XMEM.L
6.9%
ISDE.L
0.9%

Basic Materials

XMEM.L
6.6%
ISDE.L
12.2%

Energy

XMEM.L
4.1%
ISDE.L
10.1%

Consumer Defensive

XMEM.L
3.0%
ISDE.L
3.3%

Healthcare

XMEM.L
2.9%
ISDE.L
4.8%

Utilities

XMEM.L
2.1%
ISDE.L
2.3%

Real Estate

XMEM.L
1.0%
ISDE.L
0.9%

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Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C

iShares MSCI EM Islamic UCITS ETF USD (Dist)

Often compared with XMEM.L:
XMEM.L vs. GLDXMEM.L vs. 5MVL.DEXMEM.L vs. FEM.LXMEM.L vs. EMXC.LXMEM.L vs. XCX5.LXMEM.L vs. EMVL.LXMEM.L vs. EXUS.L
Often compared with ISDE.L:
ISDE.L vs. JRDM.LISDE.L vs. VDEM.LISDE.L vs. LEML.LISDE.L vs. VFEG.LISDE.L vs. PRAM.LISDE.L vs. EDG2.LISDE.L vs. EMVL.L

Return for Risk

XMEM.L vs. ISDE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMEM.L
XMEM.L Risk / Return Rank: 8989
Overall Rank
XMEM.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XMEM.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
XMEM.L Omega Ratio Rank: 9191
Omega Ratio Rank
XMEM.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
XMEM.L Martin Ratio Rank: 8585
Martin Ratio Rank
ISDE.L
ISDE.L Risk / Return Rank: 9595
Overall Rank
ISDE.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ISDE.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
ISDE.L Omega Ratio Rank: 9595
Omega Ratio Rank
ISDE.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISDE.L Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XMEM.L vs. ISDE.L - 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 EM Islamic UCITS ETF USD (Dist) (ISDE.L). 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.LISDE.LDifference
Sharpe ratioReturn per unit of total volatility
3.14
4.61

-1.48

Sortino ratioReturn per unit of downside risk
4.04
5.26

-1.22

Omega ratioGain probability vs. loss probability

1.58

1.79

-0.21

Calmar ratioReturn relative to maximum drawdown

4.87

8.63

-3.76

Martin ratioReturn relative to average drawdown

17.24

31.10

-13.86

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMEM.L vs. ISDE.L - Sharpe Ratio Comparison

The current XMEM.L Sharpe Ratio is 3.14, which is lower than the ISDE.L Sharpe Ratio of 4.61. The chart below compares the historical Sharpe Ratios of XMEM.L and ISDE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XMEM.LISDE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.14

4.61

-1.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.79

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.72

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.36

-0.07

Drawdowns

XMEM.L vs. ISDE.L - Drawdown Comparison

The maximum XMEM.L drawdown since its inception was -54.53%, which is greater than ISDE.L's maximum drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for XMEM.L and ISDE.L.

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Drawdown Indicators

XMEM.LISDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-54.53%

-46.71%

-7.82%

Max Drawdown (1Y)

Largest decline over 1 year

-10.96%

-12.58%

+1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-15.33%

-21.66%

+6.33%

Max Drawdown (5Y)

Largest decline over 5 years

-23.94%

-21.66%

-2.28%

Max Drawdown (10Y)

Largest decline over 10 years

-27.58%

-26.22%

-1.36%

Current Drawdown

Current decline from peak

-2.44%

-3.34%

+0.90%

Average Drawdown

Average peak-to-trough decline

-11.73%

-14.03%

+2.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

3.50%

-0.40%

Volatility

XMEM.L vs. ISDE.L - Volatility Comparison

The current volatility for Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C (XMEM.L) is 7.37%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 11.38%. This indicates that XMEM.L experiences smaller price fluctuations and is considered to be less risky than ISDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMEM.LISDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.37%

11.38%

-4.01%

Volatility (6M)

Calculated over the trailing 6-month period

14.54%

20.94%

-6.40%

Volatility (1Y)

Calculated over the trailing 1-year period

17.04%

23.54%

-6.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.89%

17.76%

-0.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.31%

19.28%

-0.97%

XMEM.L vs. ISDE.L - Expense Ratio Comparison

XMEM.L has a 0.49% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.

Dividends

XMEM.L vs. ISDE.L - Dividend Comparison

XMEM.L has not paid dividends to shareholders, while ISDE.L's dividend yield for the trailing twelve months is around 1.08%.

PositionTTM20252024202320222021202020192018201720162015
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		1.08%1.86%2.51%2.77%2.10%1.79%0.98%1.55%1.64%1.02%1.07%2.32%
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 ISDE.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMEM.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMEM.L is cheaper with a 0.49% expense ratio, compared with 0.85% for ISDE.L.

XMEM.L tracks MSCI EM NR USD, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.49% for XMEM.L and 0.85% for ISDE.L.

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