XMME.L vs. XDWU.L

Last updated Jul 16, 2026

XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and XDWU.L (Xtrackers MSCI World Utilities UCITS ETF 1C) are both exchange-traded funds - XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets Index, while XDWU.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 5 years, XMME.L returned 7.04%/yr vs 9.82%/yr for XDWU.L. At a 0.32 correlation, their price movements are largely independent. XMME.L charges 0.18%/yr vs 0.25%/yr for XDWU.L.

Performance

XMME.L vs. XDWU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) and Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMME.L achieves a 20.71% return, which is significantly higher than XDWU.L's 9.46% return.

XMME.L

• 1D: -0.37%
• 1M: -6.01%
• 6M: 14.18%
• YTD: 20.71%
• 1Y: 37.46%
• 3Y*: 20.20%
• 5Y*: 7.04%
• 10Y*: —

XDWU.L

• 1D: -0.30%
• 1M: 2.39%
• 6M: 8.54%
• YTD: 9.46%
• 1Y: 19.08%
• 3Y*: 15.46%
• 5Y*: 9.82%
• 10Y*: 8.72%

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

XMME.L vs. XDWU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C	20.71%	33.79%	7.37%	9.61%	-20.77%	-2.81%	18.46%	17.19%	-13.78%	16.30%
XDWU.L Xtrackers MSCI World Utilities UCITS ETF 1C	9.46%	25.35%	13.23%	0.32%	-3.57%	10.56%	4.36%	22.34%	2.48%	-0.88%

Correlation

The correlation between XMME.L and XDWU.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 21, 2017	0.32

XMME.L vs. XDWU.L - Sectors Allocation Comparison

Sectors	XMME.L	XDWU.L
Technology	43.6%	-
Financial Services	17.6%	-
Consumer Cyclical	8.5%	0.5%
Industrials	6.7%	1.4%
Communication Services	6.1%	-
Basic Materials	5.9%	-
Energy	3.5%	0.5%
Consumer Defensive	2.7%	-
Healthcare	2.6%	-
Utilities	1.9%	97.3%
Real Estate	1.0%	-

Return for Risk

XMME.L vs. XDWU.L — Risk / Return Rank

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

XMME.L

XMME.L Risk / Return Rank: 65
XMME.L Sharpe Ratio Rank: 64
XMME.L Sortino Ratio Rank: 60
XMME.L Omega Ratio Rank: 64
XMME.L Calmar Ratio Rank: 71
XMME.L Martin Ratio Rank: 64

XDWU.L

XDWU.L Risk / Return Rank: 51
XDWU.L Sharpe Ratio Rank: 53
XDWU.L Sortino Ratio Rank: 50
XDWU.L Omega Ratio Rank: 48
XDWU.L Calmar Ratio Rank: 58
XDWU.L Martin Ratio Rank: 45

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.L vs. XDWU.L - 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 Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.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.L	XDWU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.49	+0.21
Sortino ratio: Return per unit of downside risk	2.30	2.05	+0.24
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	2.88	2.36	+0.52
Martin ratio: Return relative to average drawdown	9.19	6.00	+3.19

XMME.L vs. XDWU.L - Sharpe Ratio Comparison

The current XMME.L Sharpe Ratio is 1.70, which is comparable to the XDWU.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of XMME.L and XDWU.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.L vs. XDWU.L - Drawdown Comparison

The maximum XMME.L drawdown since its inception was -40.28%, which is greater than XDWU.L's maximum drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for XMME.L and XDWU.L.

Drawdown Indicators

	XMME.L	XDWU.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.28%	-33.87%	-6.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.95%	-8.05%	-4.90%
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	-17.56%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-35.35%	-21.92%	-13.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-8.04%	-3.62%	-4.42%
Average Drawdown Average peak-to-trough decline	-15.27%	-5.28%	-9.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	3.17%	+0.89%

Volatility

XMME.L vs. XDWU.L - Volatility Comparison

Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a higher volatility of 9.02% compared to Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L) at 3.97%. This indicates that XMME.L's price experiences larger fluctuations and is considered to be riskier than XDWU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMME.L	XDWU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.02%	3.97%	+5.05%
Volatility (6M) Calculated over the trailing 6-month period	19.92%	10.85%	+9.07%
Volatility (1Y) Calculated over the trailing 1-year period	22.01%	12.80%	+9.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	15.15%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	15.63%	+4.50%

XMME.L vs. XDWU.L - Expense Ratio Comparison

XMME.L has a 0.18% expense ratio, which is lower than XDWU.L's 0.25% expense ratio. Despite the difference, 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.L vs. XDWU.L - Dividend Comparison

Neither XMME.L nor XDWU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

XMME.L and XDWU.L have a correlation of 0.23, 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.L or XDWU.L?

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.

Which ETF is cheaper, XMME.L or XDWU.L?

XMME.L is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWU.L.

What is the main difference between XMME.L and XDWU.L?

XMME.L is categorized as Emerging Markets Equities, while XDWU.L is Utilities Equities. XMME.L tracks MSCI Total Return Net Emerging Markets Index, while XDWU.L tracks MSCI World/Utilities NR USD. Their fees differ too: 0.18% for XMME.L and 0.25% for XDWU.L.