XMMS.L vs. XDEM.DE
XMMS.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - XMMS.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, XMMS.L returned 8.45%/yr vs 14.91%/yr for XDEM.DE. A 0.55 correlation means they provide meaningful diversification when combined. XMMS.L charges 0.18%/yr vs 0.25%/yr for XDEM.DE.
Performance
XMMS.L vs. XDEM.DE - Performance Comparison
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Different Trading Currencies
XMMS.L is traded in GBp, while XDEM.DE is traded in EUR. To make them comparable, the XDEM.DE 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 26.72% return, which is significantly higher than XDEM.DE's 21.80% return.
XMMS.L
- 1D
- -1.59%
- 1M
- 6.34%
- YTD
- 26.72%
- 6M
- 27.92%
- 1Y
- 53.72%
- 3Y*
- 20.94%
- 5Y*
- 8.45%
- 10Y*
- —
XDEM.DE
- 1D
- -0.83%
- 1M
- 8.91%
- YTD
- 21.80%
- 6M
- 22.54%
- 1Y
- 35.07%
- 3Y*
- 26.33%
- 5Y*
- 14.91%
- 10Y*
- 16.77%
XMMS.L vs. XDEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XMMS.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 26.72% | 24.71% | 9.13% | 2.81% | -10.67% | -1.61% | 13.55% | 14.48% | -8.71% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 21.80% | 13.71% | 32.21% | 6.01% | -9.13% | 16.22% | 23.10% | 24.78% | -5.20% |
Correlation
The correlation between XMMS.L and XDEM.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 25, 2018 | 0.55 |
The correlation between XMMS.L and XDEM.DE shifts across timeframes, from 0.49 (5 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XMMS.L vs. XDEM.DE — Risk / Return Rank
XMMS.L
XDEM.DE
XMMS.L vs. XDEM.DE - 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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE). 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 | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.39 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 3.96 | +0.89 |
| Martin ratioReturn relative to average drawdown | 17.09 | 15.05 | +2.05 |
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
| XMMS.L | XDEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.17 | 2.13 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.88 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.01 | -0.56 |
Drawdowns
XMMS.L vs. XDEM.DE - Drawdown Comparison
The maximum XMMS.L drawdown since its inception was -27.76%, which is greater than XDEM.DE's maximum drawdown of -23.21%. Use the drawdown chart below to compare losses from any high point for XMMS.L and XDEM.DE.
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Drawdown Indicators
| XMMS.L | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.76% | -23.21% | -4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -8.82% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -21.17% | +5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -21.17% | -3.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.21% | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.83% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -5.19% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.32% | +0.81% |
Volatility
XMMS.L vs. XDEM.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMMS.L) has a higher volatility of 7.37% compared to Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) at 5.88%. This indicates that XMMS.L's price experiences larger fluctuations and is considered to be riskier than XDEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMMS.L | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 5.88% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.36% | 13.89% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 16.38% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 16.84% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 17.80% | +1.04% |
XMMS.L vs. XDEM.DE - Expense Ratio Comparison
XMMS.L has a 0.18% expense ratio, which is lower than XDEM.DE'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
XMMS.L vs. XDEM.DE - Dividend Comparison
Neither XMMS.L nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
XMMS.L and XDEM.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMMS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMMS.L is cheaper with a 0.18% expense ratio, compared with 0.25% for XDEM.DE.
XMMS.L is categorized as Emerging Markets Equities, while XDEM.DE is Momentum. XMMS.L tracks MSCI EM NR USD, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: Xtrackers and DWS. Their fees differ too: 0.18% for XMMS.L and 0.25% for XDEM.DE.
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