XMME.L vs. XSTR.L
XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and XSTR.L (Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D) are both exchange-traded funds - XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets Index, while XSTR.L is a Money Market fund actively managed by Xtrackers. XMME.L is passively managed, while XSTR.L is actively managed. Over the past 5 years, XMME.L returned 7.64%/yr vs 2.23%/yr for XSTR.L. At a 0.29 correlation, their price movements are largely independent. XMME.L charges 0.18%/yr vs 0.10%/yr for XSTR.L.
Performance
XMME.L vs. XSTR.L - Performance Comparison
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Different Trading Currencies
XMME.L is traded in USD, while XSTR.L is traded in GBp. To make them comparable, the XSTR.L 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 28.47% return, which is significantly higher than XSTR.L's 1.29% return.
XMME.L
- 1D
- -1.25%
- 1M
- 8.69%
- YTD
- 28.47%
- 6M
- 31.09%
- 1Y
- 56.69%
- 3Y*
- 24.59%
- 5Y*
- 7.64%
- 10Y*
- —
XSTR.L
- 1D
- -0.27%
- 1M
- -0.83%
- YTD
- 1.29%
- 6M
- 2.39%
- 1Y
- 3.20%
- 3Y*
- 7.28%
- 5Y*
- 2.23%
- 10Y*
- 0.97%
XMME.L vs. XSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 28.47% | 33.78% | 7.37% | 9.61% | -20.77% | -2.81% | 18.46% | 17.19% | -14.47% | 16.38% |
XSTR.L Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | 1.29% | 12.06% | 3.39% | 10.09% | -9.58% | -0.99% | 3.09% | 4.60% | -5.27% | 3.91% |
Correlation
The correlation between XMME.L and XSTR.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017 | 0.29 |
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Return for Risk
XMME.L vs. XSTR.L — Risk / Return Rank
XMME.L
XSTR.L
XMME.L vs. XSTR.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 II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.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.L | XSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.08 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 0.76 | +3.59 |
| Martin ratioReturn relative to average drawdown | 15.82 | 1.64 | +14.18 |
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.L | XSTR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 0.46 | +2.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.28 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.17 | +0.62 |
Drawdowns
XMME.L vs. XSTR.L - Drawdown Comparison
The maximum XMME.L drawdown since its inception was -40.28%, smaller than the maximum XSTR.L drawdown of -46.49%. Use the drawdown chart below to compare losses from any high point for XMME.L and XSTR.L.
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Drawdown Indicators
| XMME.L | XSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -46.49% | +6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -4.18% | -8.77% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -8.00% | -9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -37.56% | -24.22% | -13.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.81% | — |
Current DrawdownCurrent decline from peak | -1.25% | -21.29% | +20.04% |
Average DrawdownAverage peak-to-trough decline | -15.46% | -31.11% | +15.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 1.94% | +1.63% |
Volatility
XMME.L vs. XSTR.L - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a higher volatility of 8.38% compared to Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.L) at 1.83%. This indicates that XMME.L's price experiences larger fluctuations and is considered to be riskier than XSTR.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.L | XSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 1.83% | +6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.94% | 5.33% | +11.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.63% | 6.96% | +12.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 8.92% | +9.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 9.57% | +10.35% |
XMME.L vs. XSTR.L - Expense Ratio Comparison
XMME.L has a 0.18% expense ratio, which is higher than XSTR.L's 0.10% 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.L vs. XSTR.L - Dividend Comparison
XMME.L has not paid dividends to shareholders, while XSTR.L's dividend yield for the trailing twelve months is around 4.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSTR.L Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | 4.15% | 4.61% | 5.06% | 4.05% | 0.33% | 0.02% | 0.56% | 0.97% | 0.61% | 0.19% | 1.19% | 0.78% |
Frequently Asked Questions
XMME.L and XSTR.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTR.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTR.L is cheaper with a 0.10% expense ratio, compared with 0.18% for XMME.L.
XMME.L is categorized as Emerging Markets Equities, while XSTR.L is Money Market. Their fees differ too: 0.18% for XMME.L and 0.10% for XSTR.L.
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