XMME.L vs. CSNDX.MI
XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets Index, while CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, XMME.L returned 7.86%/yr vs 17.56%/yr for CSNDX.MI. A 0.62 correlation means they provide meaningful diversification when combined. XMME.L charges 0.18%/yr vs 0.30%/yr for CSNDX.MI.
Performance
XMME.L vs. CSNDX.MI - Performance Comparison
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Different Trading Currencies
XMME.L is traded in USD, while CSNDX.MI is traded in EUR. To make them comparable, the CSNDX.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMME.L achieves a 28.43% return, which is significantly higher than CSNDX.MI's 19.02% return.
XMME.L
- 1D
- 2.93%
- 1M
- 7.15%
- YTD
- 28.43%
- 6M
- 30.52%
- 1Y
- 52.16%
- 3Y*
- 22.98%
- 5Y*
- 7.86%
- 10Y*
- —
CSNDX.MI
- 1D
- -0.70%
- 1M
- 3.78%
- YTD
- 19.02%
- 6M
- 20.68%
- 1Y
- 39.95%
- 3Y*
- 27.87%
- 5Y*
- 17.56%
- 10Y*
- 21.52%
XMME.L vs. CSNDX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 28.43% | 33.79% | 7.37% | 9.61% | -20.77% | -2.81% | 18.46% | 17.19% | -13.78% | 16.30% |
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.02% | 20.50% | 27.36% | 54.81% | -34.08% | 28.80% | 48.69% | 38.91% | -1.26% | 12.01% |
Correlation
The correlation between XMME.L and CSNDX.MI is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2017 | 0.62 |
The correlation between XMME.L and CSNDX.MI has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
XMME.L vs. CSNDX.MI — Risk / Return Rank
XMME.L
CSNDX.MI
XMME.L vs. CSNDX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI). 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.L | CSNDX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 3.67 | +0.34 |
| Martin ratioReturn relative to average drawdown | 13.94 | 13.56 | +0.38 |
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Drawdowns
XMME.L vs. CSNDX.MI - Drawdown Comparison
The maximum XMME.L drawdown since its inception was -40.28%, which is greater than CSNDX.MI's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for XMME.L and CSNDX.MI.
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Drawdown Indicators
| XMME.L | CSNDX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -35.01% | -5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -10.91% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -23.07% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | -35.01% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -1.28% | -0.82% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -5.22% | -10.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.95% | +0.77% |
Volatility
XMME.L vs. CSNDX.MI - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a higher volatility of 8.91% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) at 4.54%. This indicates that XMME.L's price experiences larger fluctuations and is considered to be riskier than CSNDX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMME.L | CSNDX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 4.54% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 11.30% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.57% | 15.70% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 20.58% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 19.89% | +0.12% |
XMME.L vs. CSNDX.MI - Expense Ratio Comparison
XMME.L has a 0.18% expense ratio, which is lower than CSNDX.MI's 0.30% expense ratio.
Dividends
XMME.L vs. CSNDX.MI - Dividend Comparison
Neither XMME.L nor CSNDX.MI has paid dividends to shareholders.
Frequently Asked Questions
XMME.L and CSNDX.MI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMME.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.L is cheaper with a 0.18% expense ratio, compared with 0.30% for CSNDX.MI.
XMME.L is categorized as Emerging Markets Equities, while CSNDX.MI is Nasdaq-100. XMME.L tracks MSCI Total Return Net Emerging Markets Index, while CSNDX.MI tracks NASDAQ-100 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XMME.L and 0.30% for CSNDX.MI.
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