XMME.DE vs. VUAG.L

Last updated Jun 13, 2026

XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and VUAG.L (Vanguard S&P 500 UCITS ETF (USD) Accumulating) are both exchange-traded funds - XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while VUAG.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XMME.DE returned 8.16%/yr vs 14.24%/yr for VUAG.L. A 0.55 correlation means they provide meaningful diversification when combined. XMME.DE charges 0.18%/yr vs 0.07%/yr for VUAG.L.

Performance

XMME.DE vs. VUAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XMME.DE is traded in EUR, while VUAG.L is traded in GBP. To make them comparable, the VUAG.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 26.82% return, which is significantly higher than VUAG.L's 9.97% return.

XMME.DE

• 1D: 3.25%
• 1M: 1.61%
• YTD: 26.82%
• 6M: 28.91%
• 1Y: 47.79%
• 3Y*: 19.52%
• 5Y*: 8.16%
• 10Y*: —

VUAG.L

• 1D: 1.40%
• 1M: 0.51%
• YTD: 9.97%
• 6M: 11.02%
• 1Y: 24.83%
• 3Y*: 17.88%
• 5Y*: 14.24%
• 10Y*: —

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

XMME.DE vs. VUAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C	26.82%	18.69%	13.82%	5.89%	-15.00%	4.75%	6.58%	15.30%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	9.97%	3.66%	33.48%	22.18%	-13.57%	39.49%	9.91%	-10.68%

Correlation

The correlation between XMME.DE and VUAG.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since May 14, 2019	0.55

The correlation between XMME.DE and VUAG.L shifts across timeframes, from 0.53 (5 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XMME.DE vs. VUAG.L — Risk / Return Rank

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

XMME.DE

XMME.DE Risk / Return Rank: 85
XMME.DE Sharpe Ratio Rank: 87
XMME.DE Sortino Ratio Rank: 85
XMME.DE Omega Ratio Rank: 85
XMME.DE Calmar Ratio Rank: 86
XMME.DE Martin Ratio Rank: 84

VUAG.L

VUAG.L Risk / Return Rank: 82
VUAG.L Sharpe Ratio Rank: 85
VUAG.L Sortino Ratio Rank: 83
VUAG.L Omega Ratio Rank: 85
VUAG.L Calmar Ratio Rank: 80
VUAG.L Martin Ratio Rank: 79

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.

XMME.DE vs. VUAG.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 Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XMME.DE	VUAG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.11	+0.37
Sortino ratio: Return per unit of downside risk	3.33	2.88	+0.45
Omega ratio: Gain probability vs. loss probability	1.45	1.39	+0.06
Calmar ratio: Return relative to maximum drawdown	4.29	3.41	+0.88
Martin ratio: Return relative to average drawdown	14.86	12.31	+2.55

XMME.DE vs. VUAG.L - Sharpe Ratio Comparison

The current XMME.DE Sharpe Ratio is 2.48, which is comparable to the VUAG.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of XMME.DE and VUAG.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.

Drawdowns

XMME.DE vs. VUAG.L - Drawdown Comparison

The maximum XMME.DE drawdown since its inception was -31.95%, smaller than the maximum VUAG.L drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for XMME.DE and VUAG.L.

Drawdown Indicators

	XMME.DE	VUAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.95%	-35.04%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-7.11%	-3.57%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-22.34%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	-24.39%	-22.34%	-2.05%
Current Drawdown Current decline from peak	-3.50%	-1.81%	-1.69%
Average Drawdown Average peak-to-trough decline	-9.81%	-6.30%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.97%	+1.12%

Volatility

XMME.DE vs. VUAG.L - Volatility Comparison

Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a higher volatility of 7.49% compared to Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) at 3.04%. This indicates that XMME.DE's price experiences larger fluctuations and is considered to be riskier than VUAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMME.DE	VUAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.49%	3.04%	+4.45%
Volatility (6M) Calculated over the trailing 6-month period	15.90%	7.77%	+8.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.50%	11.53%	+6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	15.13%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	18.75%	+0.17%

XMME.DE vs. VUAG.L - Expense Ratio Comparison

XMME.DE has a 0.18% expense ratio, which is higher than VUAG.L's 0.07% 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. VUAG.L - Dividend Comparison

Neither XMME.DE nor VUAG.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%
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

Can I hold both XMME.DE and VUAG.L in my portfolio?

XMME.DE and VUAG.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMME.DE or VUAG.L?

On fees, VUAG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMME.DE or VUAG.L?

VUAG.L is cheaper with a 0.07% expense ratio, compared with 0.18% for XMME.DE.

What is the main difference between XMME.DE and VUAG.L?

XMME.DE is categorized as Emerging Markets Equities, while VUAG.L is S&P 500. XMME.DE tracks MSCI Emerging Markets, while VUAG.L tracks S&P 500 Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.18% for XMME.DE and 0.07% for VUAG.L.