XQUA.L vs. SEMB.L
XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and SEMB.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds tracking the JPM EMBI Global Diversified TR USD, from Xtrackers and iShares respectively. Both are passively managed. Over the past 10 years, XQUA.L returned 0.95%/yr vs 4.88%/yr for SEMB.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
XQUA.L vs. SEMB.L - Performance Comparison
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Different Trading Currencies
XQUA.L is traded in USD, while SEMB.L is traded in GBp. To make them comparable, the SEMB.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 lower than SEMB.L's 2.49% return. Over the past 10 years, XQUA.L has underperformed SEMB.L with an annualized return of 0.95%, while SEMB.L has yielded a comparatively higher 4.88% annualized 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%
SEMB.L
- 1D
- 0.42%
- 1M
- 1.29%
- YTD
- 2.49%
- 6M
- 3.49%
- 1Y
- 13.65%
- 3Y*
- 11.63%
- 5Y*
- 3.55%
- 10Y*
- 4.88%
XQUA.L vs. SEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 10.02% | -6.59% | 4.54% |
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.50% | 16.21% | 7.37% | 11.62% | -17.42% | -0.50% | 6.28% | 18.39% | -4.17% | 11.17% |
Correlation
The correlation between XQUA.L and SEMB.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.72 |
The correlation between XQUA.L and SEMB.L shifts across timeframes, from 0.66 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XQUA.L vs. SEMB.L — Risk / Return Rank
XQUA.L
SEMB.L
XQUA.L vs. SEMB.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 3.04 | -1.03 |
| Martin ratioReturn relative to average drawdown | 7.21 | 13.13 | -5.93 |
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 | SEMB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.23 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.38 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.48 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.67 | -0.56 |
Drawdowns
XQUA.L vs. SEMB.L - Drawdown Comparison
The maximum XQUA.L drawdown since its inception was -26.27%, smaller than the maximum SEMB.L drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for XQUA.L and SEMB.L.
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Drawdown Indicators
| XQUA.L | SEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.27% | -31.45% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -4.48% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -7.17% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -27.45% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | -28.20% | +1.93% |
Current DrawdownCurrent decline from peak | -2.91% | -0.05% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -4.25% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.04% | +0.08% |
Volatility
XQUA.L vs. SEMB.L - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) is 1.74%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (SEMB.L) has a volatility of 2.20%. This indicates that XQUA.L experiences smaller price fluctuations and is considered to be less risky than SEMB.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 | SEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 2.20% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.84% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 6.11% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 9.42% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 10.07% | -1.42% |
XQUA.L vs. SEMB.L - Expense Ratio Comparison
Both XQUA.L and SEMB.L have an expense ratio of 0.45%.
Dividends
XQUA.L vs. SEMB.L - Dividend Comparison
XQUA.L's dividend yield for the trailing twelve months is around 4.61%, less than SEMB.L's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEMB.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 7.83% | 7.87% | 7.27% | 7.21% | 6.70% | 5.35% | 5.28% | 6.25% | 6.15% | 6.48% | 6.88% | 7.10% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XQUA.L and SEMB.L have a correlation of 0.66, 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 SEMB.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 iShares.
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