XQUA.L vs. EMIG.L
XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and EMIG.L (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from Xtrackers and UBS respectively. Both are passively managed. Over the past 5 years, XQUA.L returned -0.11%/yr vs -0.18%/yr for EMIG.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
XQUA.L vs. EMIG.L - Performance Comparison
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Different Trading Currencies
XQUA.L is traded in USD, while EMIG.L is traded in GBp. To make them comparable, the EMIG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XQUA.L achieves a 0.94% return, which is significantly higher than EMIG.L's -0.16% return.
XQUA.L
- 1D
- 0.35%
- 1M
- 0.05%
- YTD
- 0.94%
- 6M
- 0.97%
- 1Y
- 8.06%
- 3Y*
- 5.25%
- 5Y*
- -0.11%
- 10Y*
- 0.95%
EMIG.L
- 1D
- -0.46%
- 1M
- -0.31%
- YTD
- -0.16%
- 6M
- 0.25%
- 1Y
- 6.04%
- 3Y*
- 4.73%
- 5Y*
- -0.18%
- 10Y*
- —
XQUA.L vs. EMIG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 0.94% | 10.82% | -0.40% | 7.51% | -17.76% | -1.45% | 6.97% | 2.27% |
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | -0.16% | 9.66% | 1.62% | 5.87% | -17.14% | -1.97% | 8.31% | 3.06% |
Correlation
The correlation between XQUA.L and EMIG.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.61 |
The correlation between XQUA.L and EMIG.L shifts across timeframes, from 0.53 (1 year) to 0.66 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XQUA.L vs. EMIG.L — Risk / Return Rank
XQUA.L
EMIG.L
XQUA.L vs. EMIG.L - 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.L) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L). 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.L | EMIG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.71 | +0.29 |
| Martin ratioReturn relative to average drawdown | 7.21 | 6.43 | +0.78 |
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.L | EMIG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.23 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.02 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.11 | +0.01 |
Drawdowns
XQUA.L vs. EMIG.L - Drawdown Comparison
The maximum XQUA.L drawdown since its inception was -26.27%, which is greater than EMIG.L's maximum drawdown of -24.97%. Use the drawdown chart below to compare losses from any high point for XQUA.L and EMIG.L.
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Drawdown Indicators
| XQUA.L | EMIG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.27% | -24.97% | -1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -3.67% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -6.74% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -24.10% | -2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -4.47% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -9.29% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.98% | +0.14% |
Volatility
XQUA.L vs. EMIG.L - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) has a higher volatility of 1.74% compared to UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (EMIG.L) at 1.64%. This indicates that XQUA.L's price experiences larger fluctuations and is considered to be riskier than EMIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQUA.L | EMIG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.64% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.96% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 5.10% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 7.92% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 9.26% | -0.61% |
XQUA.L vs. EMIG.L - Expense Ratio Comparison
Both XQUA.L and EMIG.L have an expense ratio of 0.45%.
Dividends
XQUA.L vs. EMIG.L - Dividend Comparison
XQUA.L's dividend yield for the trailing twelve months is around 4.61%, while EMIG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMIG.L UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 4.61% | 4.49% | 4.61% | 4.24% | 6.92% | 4.08% | 4.54% |
Frequently Asked Questions
XQUA.L and EMIG.L have a correlation of 0.53, 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.L and EMIG.L have the same expense ratio: 0.45% per year.
Both ETFs track JPM EMBI Global Diversified TR USD. They also come from different issuers: Xtrackers and UBS.
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