XMME.L vs. XUT3.L
XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and XUT3.L (Xtrackers II US Treasuries 1-3 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 XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, XMME.L returned 7.30%/yr vs 1.86%/yr for XUT3.L. At a correlation of -0.04, they often move in opposite directions. XMME.L charges 0.18%/yr vs 0.06%/yr for XUT3.L.
Performance
XMME.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, XMME.L achieves a 26.48% return, which is significantly higher than XUT3.L's 0.54% return.
XMME.L
- 1D
- -1.55%
- 1M
- 2.28%
- YTD
- 26.48%
- 6M
- 27.58%
- 1Y
- 50.85%
- 3Y*
- 24.14%
- 5Y*
- 7.30%
- 10Y*
- —
XUT3.L
- 1D
- 0.10%
- 1M
- -0.02%
- YTD
- 0.54%
- 6M
- 0.96%
- 1Y
- 3.38%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
XMME.L vs. XUT3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 26.48% | 33.78% | 7.37% | 9.61% | -20.77% | -2.81% | 18.46% | 17.19% | -14.47% | 16.38% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.44% | -0.12% |
Correlation
The correlation between XMME.L and XUT3.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017 | -0.04 |
The correlation between XMME.L and XUT3.L shifts across timeframes, from -0.04 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XMME.L vs. XUT3.L — Risk / Return Rank
XMME.L
XUT3.L
XMME.L vs. XUT3.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 US Treasuries 1-3 UCITS ETF 1D (XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.67 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 5.10 | -1.09 |
| Martin ratioReturn relative to average drawdown | 14.53 | 20.02 | -5.48 |
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 | XUT3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 3.06 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.98 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.14 | -0.70 |
Drawdowns
XMME.L vs. XUT3.L - Drawdown Comparison
The maximum XMME.L drawdown since its inception was -40.28%, which is greater than XUT3.L's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for XMME.L and XUT3.L.
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Drawdown Indicators
| XMME.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -5.45% | -34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -0.67% | -12.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -0.91% | -16.13% |
Max Drawdown (5Y)Largest decline over 5 years | -37.39% | -5.45% | -31.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.45% | — |
Current DrawdownCurrent decline from peak | -2.78% | -0.12% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -15.45% | -0.72% | -14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.17% | +3.41% |
Volatility
XMME.L vs. XUT3.L - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a higher volatility of 8.48% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 0.41%. This indicates that XMME.L's price experiences larger fluctuations and is considered to be riskier than XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 0.41% | +8.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 0.80% | +16.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 1.13% | +18.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 1.90% | +16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 1.50% | +18.42% |
XMME.L vs. XUT3.L - Expense Ratio Comparison
XMME.L has a 0.18% expense ratio, which is higher than XUT3.L's 0.06% 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. XUT3.L - Dividend Comparison
XMME.L has not paid dividends to shareholders, while XUT3.L's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
XMME.L and XUT3.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.18% for XMME.L.
XMME.L is categorized as Emerging Markets Equities, while XUT3.L is Government Bonds. XMME.L tracks MSCI Total Return Net Emerging Markets Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. Their fees differ too: 0.18% for XMME.L and 0.06% for XUT3.L.
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