XMMS.L vs. FNDE

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).

XMMS.L and FNDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMMS.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI EM NR USD. It was launched on Jun 21, 2017. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. Both XMMS.L and FNDE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XMMS.L vs. FNDE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). The values are adjusted to include any dividend payments, if applicable.

XMMS.L vs. FNDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XMMS.L Xtrackers MSCI Emerging Markets UCITS ETF 1C	3.16%	24.71%	9.13%	2.81%	-10.67%	-1.61%	13.55%	14.48%	-8.71%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	8.12%	20.24%	14.05%	9.25%	-5.54%	15.49%	-5.63%	15.20%	-6.28%

Different Trading Currencies

XMMS.L is traded in GBp, while FNDE is traded in USD. To make them comparable, the FNDE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMMS.L achieves a 3.16% return, which is significantly lower than FNDE's 8.12% return.

XMMS.L

• 1D: 0.12%
• 1M: -10.17%
• YTD: 3.16%
• 6M: 7.25%
• 1Y: 28.02%
• 3Y*: 12.61%
• 5Y*: 4.39%
• 10Y*: —

FNDE

• 1D: 0.00%
• 1M: -2.76%
• YTD: 8.12%
• 6M: 11.31%
• 1Y: 26.21%
• 3Y*: 16.25%
• 5Y*: 10.50%
• 10Y*: 11.05%

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

XMMS.L vs. FNDE - Expense Ratio Comparison

XMMS.L has a 0.18% expense ratio, which is lower than FNDE's 0.39% expense ratio.

FNDE

Schwab Fundamental Emerging Markets Large Company Index ETF

XMMS.L

Xtrackers MSCI Emerging Markets UCITS ETF 1C

Return for Risk

XMMS.L vs. FNDE — Risk / Return Rank

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

XMMS.L

XMMS.L Risk / Return Rank: 82
XMMS.L Sharpe Ratio Rank: 85
XMMS.L Sortino Ratio Rank: 83
XMMS.L Omega Ratio Rank: 83
XMMS.L Calmar Ratio Rank: 84
XMMS.L Martin Ratio Rank: 75

FNDE

FNDE Risk / Return Rank: 81
FNDE Sharpe Ratio Rank: 82
FNDE Sortino Ratio Rank: 82
FNDE Omega Ratio Rank: 83
FNDE Calmar Ratio Rank: 77
FNDE Martin Ratio Rank: 82

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.

XMMS.L vs. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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.

	XMMS.L	FNDE	Difference
Sharpe ratio Return per unit of total volatility	1.70	1.63	+0.07
Sortino ratio Return per unit of downside risk	2.19	2.27	-0.08
Omega ratio Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio Return relative to maximum drawdown	2.42	2.09	+0.33
Martin ratio Return relative to average drawdown	7.89	8.43	-0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMMS.L vs. FNDE - Sharpe Ratio Comparison

The current XMMS.L Sharpe Ratio is 1.70, which is comparable to the FNDE Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of XMMS.L and FNDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XMMS.L	FNDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.63	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.71	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.43	-0.13

Correlation

The correlation between XMMS.L and FNDE is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XMMS.L vs. FNDE - Dividend Comparison

XMMS.L has not paid dividends to shareholders, while FNDE's dividend yield for the trailing twelve months is around 3.96%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XMMS.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%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	3.96%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%

Drawdowns

XMMS.L vs. FNDE - Drawdown Comparison

The maximum XMMS.L drawdown since its inception was -27.76%, smaller than the maximum FNDE drawdown of -35.11%. Use the drawdown chart below to compare losses from any high point for XMMS.L and FNDE.

Drawdown Indicators

	XMMS.L	FNDE	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-43.55%	+15.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-13.67%	+2.61%
Max Drawdown (5Y) Largest decline over 5 years	-24.32%	-29.44%	+5.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.93%	—
Current Drawdown Current decline from peak	-10.56%	-6.70%	-3.86%
Average Drawdown Average peak-to-trough decline	-10.19%	-11.84%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.09%	+0.30%

Volatility

XMMS.L vs. FNDE - Volatility Comparison

Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) has a higher volatility of 7.77% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 5.92%. This indicates that XMMS.L's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMMS.L	FNDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	5.92%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	10.79%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.46%	16.19%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	14.82%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	18.45%	+0.22%