XQUA.DE vs. FESD.DE
XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - XQUA.DE tracks the JPM EMBI Global Diversified TR USD while FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, XQUA.DE returned 0.43%/yr vs 1.89%/yr for FESD.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
XQUA.DE vs. FESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUA.DE achieves a 1.67% return, which is significantly lower than FESD.DE's 3.41% return.
XQUA.DE
- 1D
- -0.04%
- 1M
- 1.14%
- YTD
- 1.67%
- 6M
- 0.76%
- 1Y
- 5.29%
- 3Y*
- 1.89%
- 5Y*
- 0.43%
- 10Y*
- 1.37%
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
XQUA.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 1.67% | -1.83% | 4.80% | 3.61% | -12.81% | 6.88% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
Correlation
The correlation between XQUA.DE and FESD.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.77 |
The correlation between XQUA.DE and FESD.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
XQUA.DE vs. FESD.DE — Risk / Return Rank
XQUA.DE
FESD.DE
XQUA.DE vs. FESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) and Fidelity Sustainable USD EM Bond UCITS ETF (FESD.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.
| XQUA.DE | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.46 | -1.18 |
| Martin ratioReturn relative to average drawdown | 3.54 | 6.56 | -3.02 |
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
| XQUA.DE | FESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.40 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.22 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.19 | -0.03 |
Drawdowns
XQUA.DE vs. FESD.DE - Drawdown Comparison
The maximum XQUA.DE drawdown since its inception was -20.18%, which is greater than FESD.DE's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for XQUA.DE and FESD.DE.
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Drawdown Indicators
| XQUA.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.18% | -16.01% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -3.71% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -12.34% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -16.01% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -20.18% | — | — |
Current DrawdownCurrent decline from peak | -8.97% | -0.59% | -8.38% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -7.16% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.39% | +0.10% |
Volatility
XQUA.DE vs. FESD.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) is 1.13%, while Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a volatility of 2.28%. This indicates that XQUA.DE experiences smaller price fluctuations and is considered to be less risky than FESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQUA.DE | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 2.28% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 4.57% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.51% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 8.80% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.85% | 8.70% | +0.15% |
XQUA.DE vs. FESD.DE - Expense Ratio Comparison
Both XQUA.DE and FESD.DE have an expense ratio of 0.45%.
Dividends
XQUA.DE vs. FESD.DE - Dividend Comparison
XQUA.DE's dividend yield for the trailing twelve months is around 3.90%, less than FESD.DE's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.90% | 4.38% | 4.01% | 4.02% | 6.75% | 3.16% | 4.33% | 3.72% | 2.50% | 3.53% |
Frequently Asked Questions
XQUA.DE and FESD.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XQUA.DE and FESD.DE have the same expense ratio: 0.45% per year.
XQUA.DE tracks JPM EMBI Global Diversified TR USD, while FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: Xtrackers and Fidelity.
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