XMME.DE vs. GOVD.L
XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and GOVD.L (Lyxor Core Global Government Bond (DR) UCITS ETF - Dist) are both exchange-traded funds - XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while GOVD.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, XMME.DE returned 8.66%/yr vs -1.69%/yr for GOVD.L. At a correlation of -0.05, they often move in opposite directions. XMME.DE charges 0.18%/yr vs 0.09%/yr for GOVD.L.
Performance
XMME.DE vs. GOVD.L - Performance Comparison
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Different Trading Currencies
XMME.DE is traded in EUR, while GOVD.L is traded in GBP. To make them comparable, the GOVD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMME.DE achieves a 30.06% return, which is significantly higher than GOVD.L's -25.70% return.
XMME.DE
- 1D
- -1.04%
- 1M
- 7.79%
- YTD
- 30.06%
- 6M
- 31.13%
- 1Y
- 51.93%
- 3Y*
- 21.36%
- 5Y*
- 8.66%
- 10Y*
- —
GOVD.L
- 1D
- -0.00%
- 1M
- -25.88%
- YTD
- -25.70%
- 6M
- -1.22%
- 1Y
- -2.16%
- 3Y*
- 0.06%
- 5Y*
- -1.69%
- 10Y*
- —
XMME.DE vs. GOVD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 30.06% | 18.69% | 13.82% | 5.89% | -15.00% | 4.75% | 19.70% |
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | -25.70% | 26.35% | 6.18% | 1.50% | -13.04% | 0.54% | -3.14% |
Correlation
The correlation between XMME.DE and GOVD.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | -0.05 |
The correlation between XMME.DE and GOVD.L shifts across timeframes, from -0.05 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XMME.DE vs. GOVD.L — Risk / Return Rank
XMME.DE
GOVD.L
XMME.DE vs. GOVD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) and Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.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.
| XMME.DE | GOVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.33 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | -0.08 | +5.06 |
| Martin ratioReturn relative to average drawdown | 18.04 | -0.15 | +18.19 |
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
| XMME.DE | GOVD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | -0.01 | +3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | -0.02 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.03 | +0.48 |
Drawdowns
XMME.DE vs. GOVD.L - Drawdown Comparison
The maximum XMME.DE drawdown since its inception was -31.96%, which is greater than GOVD.L's maximum drawdown of -27.79%. Use the drawdown chart below to compare losses from any high point for XMME.DE and GOVD.L.
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Drawdown Indicators
| XMME.DE | GOVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.96% | -27.79% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -27.79% | +17.12% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -27.79% | +8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.38% | -27.79% | +3.41% |
Current DrawdownCurrent decline from peak | -1.04% | -26.98% | +25.94% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -10.73% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 14.58% | -11.63% |
Volatility
XMME.DE vs. GOVD.L - Volatility Comparison
The current volatility for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) is 7.48%, while Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) has a volatility of 79.40%. This indicates that XMME.DE experiences smaller price fluctuations and is considered to be less risky than GOVD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMME.DE | GOVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 79.40% | -71.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 190.25% | -175.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 193.76% | -176.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 87.25% | -70.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 80.49% | -61.88% |
XMME.DE vs. GOVD.L - Expense Ratio Comparison
XMME.DE has a 0.18% expense ratio, which is higher than GOVD.L's 0.09% 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
XMME.DE vs. GOVD.L - Dividend Comparison
XMME.DE has not paid dividends to shareholders, while GOVD.L's dividend yield for the trailing twelve months is around 2.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | 2.71% | 1.99% | 5.59% | 2.06% | 1.54% | 1.67% | 0.65% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XMME.DE and GOVD.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOVD.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOVD.L is cheaper with a 0.09% expense ratio, compared with 0.18% for XMME.DE.
XMME.DE is categorized as Emerging Markets Equities, while GOVD.L is Global Bonds. XMME.DE tracks MSCI Emerging Markets, while GOVD.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.18% for XMME.DE and 0.09% for GOVD.L.
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