XMLA.L vs. XDEQ.L

Last updated Jun 5, 2026

XMLA.L (Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XMLA.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XMLA.L returned 5.80%/yr vs 13.78%/yr for XDEQ.L. At a 0.29 correlation, their price movements are largely independent. XMLA.L charges 0.65%/yr vs 0.25%/yr for XDEQ.L.

Performance

XMLA.L vs. XDEQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (XMLA.L) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with XMLA.L having a 9.07% return and XDEQ.L slightly lower at 8.63%. Over the past 10 years, XMLA.L has underperformed XDEQ.L with an annualized return of 5.80%, while XDEQ.L has yielded a comparatively higher 13.78% annualized return.

XMLA.L

• 1D: -0.93%
• 1M: -6.39%
• YTD: 9.07%
• 6M: 6.79%
• 1Y: 28.84%
• 3Y*: 7.96%
• 5Y*: 5.63%
• 10Y*: 5.80%

XDEQ.L

• 1D: 0.92%
• 1M: 4.55%
• YTD: 8.63%
• 6M: 9.20%
• 1Y: 22.27%
• 3Y*: 15.29%
• 5Y*: 11.55%
• 10Y*: 13.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XMLA.L vs. XDEQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMLA.L Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C	9.07%	47.26%	-28.14%	19.29%	15.56%	-17.92%	-16.50%	12.08%	-1.16%	11.16%
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C	8.63%	7.52%	18.91%	19.22%	-9.44%	24.28%	11.14%	30.48%	-5.16%	12.25%

Correlation

The correlation between XMLA.L and XDEQ.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 21, 2014	0.29

The correlation between XMLA.L and XDEQ.L shifts across timeframes, from 0.29 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

XMLA.L vs. XDEQ.L - Sectors Allocation Comparison

Sectors	XMLA.L	XDEQ.L
Technology	19.6%	30.4%
Industrials	17.7%	10.1%
Financial Services	15.6%	14.7%
Consumer Cyclical	13.7%	8.9%
Real Estate	12.5%	1.7%
Communication Services	9.9%	9.1%
Basic Materials	7.4%	3.2%
Healthcare	3.7%	9.2%
Consumer Defensive	-	5.3%
Energy	-	4.6%
Utilities	-	2.7%

Return for Risk

XMLA.L vs. XDEQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMLA.L

XMLA.L Risk / Return Rank: 47
XMLA.L Sharpe Ratio Rank: 47
XMLA.L Sortino Ratio Rank: 45
XMLA.L Omega Ratio Rank: 45
XMLA.L Calmar Ratio Rank: 53
XMLA.L Martin Ratio Rank: 46

XDEQ.L

XDEQ.L Risk / Return Rank: 70
XDEQ.L Sharpe Ratio Rank: 70
XDEQ.L Sortino Ratio Rank: 71
XDEQ.L Omega Ratio Rank: 73
XDEQ.L Calmar Ratio Rank: 65
XDEQ.L Martin Ratio Rank: 72

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.

XMLA.L vs. XDEQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (XMLA.L) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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.

	XMLA.L	XDEQ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.26	-0.67
Sortino ratio: Return per unit of downside risk	2.23	3.17	-0.94
Omega ratio: Gain probability vs. loss probability	1.28	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.57	3.21	-0.64
Martin ratio: Return relative to average drawdown	7.49	13.32	-5.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMLA.L vs. XDEQ.L - Sharpe Ratio Comparison

The current XMLA.L Sharpe Ratio is 1.60, which is comparable to the XDEQ.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of XMLA.L and XDEQ.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.

Sharpe Ratios by Period

	XMLA.L	XDEQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	2.26	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.87	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	1.13	-0.90
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.21	-1.12

Drawdowns

XMLA.L vs. XDEQ.L - Drawdown Comparison

The maximum XMLA.L drawdown since its inception was -59.62%, which is greater than XDEQ.L's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for XMLA.L and XDEQ.L.

Drawdown Indicators

	XMLA.L	XDEQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.62%	-23.79%	-35.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-6.90%	-4.28%
Max Drawdown (3Y) Largest decline over 3 years	-28.38%	-17.96%	-10.42%
Max Drawdown (5Y) Largest decline over 5 years	-30.25%	-17.96%	-12.29%
Max Drawdown (10Y) Largest decline over 10 years	-49.07%	-23.79%	-25.28%
Current Drawdown Current decline from peak	-11.18%	0.00%	-11.18%
Average Drawdown Average peak-to-trough decline	-25.16%	-3.78%	-21.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	1.67%	+2.17%

Volatility

XMLA.L vs. XDEQ.L - Volatility Comparison

Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (XMLA.L) has a higher volatility of 5.10% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.57%. This indicates that XMLA.L's price experiences larger fluctuations and is considered to be riskier than XDEQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMLA.L	XDEQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	2.57%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	15.23%	7.12%	+8.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	9.81%	+8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	13.37%	+7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.10%	16.89%	+8.21%

XMLA.L vs. XDEQ.L - Expense Ratio Comparison

XMLA.L has a 0.65% expense ratio, which is higher than XDEQ.L's 0.25% expense ratio.

Dividends

XMLA.L vs. XDEQ.L - Dividend Comparison

Neither XMLA.L nor XDEQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XMLA.L and XDEQ.L in my portfolio?

XMLA.L and XDEQ.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMLA.L or XDEQ.L?

On fees, XDEQ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMLA.L or XDEQ.L?

XDEQ.L is cheaper with a 0.25% expense ratio, compared with 0.65% for XMLA.L.

What is the main difference between XMLA.L and XDEQ.L?

XMLA.L is categorized as Latin America Equities, while XDEQ.L is Global Equities. XMLA.L tracks MSCI EM Latin America NR USD, while XDEQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.65% for XMLA.L and 0.25% for XDEQ.L.