XQUA.DE vs. UEFS.DE
XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - XQUA.DE tracks the JPM EMBI Global Diversified TR USD while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 10 years, XQUA.DE returned 1.37%/yr vs 3.55%/yr for UEFS.DE. Their correlation of 0.90 suggests significant overlap in exposure. XQUA.DE charges 0.45%/yr vs 0.25%/yr for UEFS.DE.
Performance
XQUA.DE vs. UEFS.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 UEFS.DE's 3.71% return. Over the past 10 years, XQUA.DE has underperformed UEFS.DE with an annualized return of 1.37%, while UEFS.DE has yielded a comparatively higher 3.55% annualized return.
XQUA.DE
- 1D
- -0.04%
- 1M
- 1.08%
- YTD
- 1.67%
- 6M
- 0.59%
- 1Y
- 5.57%
- 3Y*
- 1.89%
- 5Y*
- 0.43%
- 10Y*
- 1.37%
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.64%
- YTD
- 3.71%
- 6M
- 3.40%
- 1Y
- 11.85%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
XQUA.DE vs. UEFS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 1.67% | -1.83% | 4.80% | 3.61% | -12.81% | 6.04% | -3.38% | 17.25% | 0.48% | -5.38% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 17.07% | 0.35% | -3.07% |
Correlation
The correlation between XQUA.DE and UEFS.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.90 |
The correlation between XQUA.DE and UEFS.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
XQUA.DE vs. UEFS.DE — Risk / Return Rank
XQUA.DE
UEFS.DE
XQUA.DE vs. UEFS.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.96 | -2.69 |
| Martin ratioReturn relative to average drawdown | 3.54 | 12.59 | -9.05 |
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
| XQUA.DE | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.98 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.38 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.38 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.44 | -0.28 |
Drawdowns
XQUA.DE vs. UEFS.DE - Drawdown Comparison
The maximum XQUA.DE drawdown since its inception was -20.18%, smaller than the maximum UEFS.DE drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for XQUA.DE and UEFS.DE.
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Drawdown Indicators
| XQUA.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.18% | -24.26% | +4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -2.87% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -13.70% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -17.84% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -20.18% | -24.26% | +4.08% |
Current DrawdownCurrent decline from peak | -8.97% | -0.03% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -7.41% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.91% | +0.58% |
Volatility
XQUA.DE vs. UEFS.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) is 1.13%, while UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) has a volatility of 1.27%. This indicates that XQUA.DE experiences smaller price fluctuations and is considered to be less risky than UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.27% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 3.77% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.76% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 8.69% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.85% | 9.37% | -0.52% |
XQUA.DE vs. UEFS.DE - Expense Ratio Comparison
XQUA.DE has a 0.45% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
XQUA.DE vs. UEFS.DE - Dividend Comparison
XQUA.DE's dividend yield for the trailing twelve months is around 3.90%, less than UEFS.DE's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
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% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, XQUA.DE and UEFS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for XQUA.DE.
XQUA.DE tracks JPM EMBI Global Diversified TR USD, while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.45% for XQUA.DE and 0.25% for UEFS.DE.
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