XQUA.DE vs. ZPR5.DE
XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) are both Emerging Markets Bonds funds - XQUA.DE tracks the JPM EMBI Global Diversified TR USD while ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a. Both are passively managed. Over the past 10 years, XQUA.DE returned 1.37%/yr vs 2.25%/yr for ZPR5.DE. A 0.74 correlation means they provide meaningful diversification when combined. XQUA.DE charges 0.45%/yr vs 0.42%/yr for ZPR5.DE.
Performance
XQUA.DE vs. ZPR5.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 ZPR5.DE's 2.14% return. Over the past 10 years, XQUA.DE has underperformed ZPR5.DE with an annualized return of 1.37%, while ZPR5.DE has yielded a comparatively higher 2.25% 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%
ZPR5.DE
- 1D
- -0.10%
- 1M
- 1.03%
- YTD
- 2.14%
- 6M
- 1.53%
- 1Y
- 3.84%
- 3Y*
- 3.25%
- 5Y*
- 3.18%
- 10Y*
- 2.25%
XQUA.DE vs. ZPR5.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% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | -1.06% | 7.98% | -6.72% | 8.14% | 4.71% | -8.80% |
Correlation
The correlation between XQUA.DE and ZPR5.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.74 |
The correlation between XQUA.DE and ZPR5.DE has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
XQUA.DE vs. ZPR5.DE — Risk / Return Rank
XQUA.DE
ZPR5.DE
XQUA.DE vs. ZPR5.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 SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.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 | ZPR5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.11 | +0.17 |
| Martin ratioReturn relative to average drawdown | 3.54 | 2.73 | +0.82 |
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 | ZPR5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.65 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.45 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.31 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.39 | -0.23 |
Drawdowns
XQUA.DE vs. ZPR5.DE - Drawdown Comparison
The maximum XQUA.DE drawdown since its inception was -20.18%, which is greater than ZPR5.DE's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for XQUA.DE and ZPR5.DE.
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Drawdown Indicators
| XQUA.DE | ZPR5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.18% | -14.48% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -3.21% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -9.72% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -9.92% | -6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -20.18% | -14.48% | -5.70% |
Current DrawdownCurrent decline from peak | -8.97% | -4.28% | -4.69% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -4.88% | -3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.30% | +0.19% |
Volatility
XQUA.DE vs. ZPR5.DE - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) has a higher volatility of 1.13% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) at 0.96%. This indicates that XQUA.DE's price experiences larger fluctuations and is considered to be riskier than ZPR5.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 | ZPR5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.96% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 3.56% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.43% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 7.04% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.85% | 7.20% | +1.65% |
XQUA.DE vs. ZPR5.DE - Expense Ratio Comparison
XQUA.DE has a 0.45% expense ratio, which is higher than ZPR5.DE's 0.42% expense ratio.
Dividends
XQUA.DE vs. ZPR5.DE - Dividend Comparison
XQUA.DE's dividend yield for the trailing twelve months is around 3.90%, less than ZPR5.DE's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.83% | 5.10% | 4.16% | 3.16% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
XQUA.DE and ZPR5.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR5.DE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR5.DE is cheaper with a 0.42% expense ratio, compared with 0.45% for XQUA.DE.
XQUA.DE tracks JPM EMBI Global Diversified TR USD, while ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.45% for XQUA.DE and 0.42% for ZPR5.DE.
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