XQUA.L vs. VDEA.L
XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and VDEA.L (Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation) are both Emerging Markets Bonds funds - XQUA.L tracks the JPM EMBI Global Diversified TR USD while VDEA.L tracks the Bloomberg EM USD Sovereign + Quasi-Sov Index. Both are passively managed. Over the past 5 years, XQUA.L returned -0.11%/yr vs 2.35%/yr for VDEA.L. Their correlation of 0.88 suggests significant overlap in exposure. XQUA.L charges 0.45%/yr vs 0.23%/yr for VDEA.L.
Performance
XQUA.L vs. VDEA.L - Performance Comparison
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Returns By Period
In the year-to-date period, XQUA.L achieves a 0.94% return, which is significantly lower than VDEA.L's 1.53% 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%
VDEA.L
- 1D
- 0.38%
- 1M
- 0.25%
- YTD
- 1.53%
- 6M
- 1.98%
- 1Y
- 9.69%
- 3Y*
- 8.87%
- 5Y*
- 2.35%
- 10Y*
- —
XQUA.L vs. VDEA.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% | 6.41% |
VDEA.L Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation | 1.53% | 11.45% | 6.35% | 9.72% | -15.28% | -1.74% | 6.10% | 9.05% |
Correlation
The correlation between XQUA.L and VDEA.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.88 |
The correlation between XQUA.L and VDEA.L has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
XQUA.L vs. VDEA.L — Risk / Return Rank
XQUA.L
VDEA.L
XQUA.L vs. VDEA.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 Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.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 | VDEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.56 | -0.56 |
| Martin ratioReturn relative to average drawdown | 7.21 | 10.10 | -2.89 |
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 | VDEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.88 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.33 | -0.34 |
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 | 0.42 | -0.30 |
Drawdowns
XQUA.L vs. VDEA.L - Drawdown Comparison
The maximum XQUA.L drawdown since its inception was -26.27%, which is greater than VDEA.L's maximum drawdown of -24.08%. Use the drawdown chart below to compare losses from any high point for XQUA.L and VDEA.L.
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Drawdown Indicators
| XQUA.L | VDEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.27% | -24.08% | -2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -3.66% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -6.16% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -24.08% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -0.13% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -6.08% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.93% | +0.19% |
Volatility
XQUA.L vs. VDEA.L - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) is 1.74%, while Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation (VDEA.L) has a volatility of 2.08%. This indicates that XQUA.L experiences smaller price fluctuations and is considered to be less risky than VDEA.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 | VDEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 2.08% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.05% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 5.00% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 7.26% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 8.37% | +0.28% |
XQUA.L vs. VDEA.L - Expense Ratio Comparison
XQUA.L has a 0.45% expense ratio, which is higher than VDEA.L's 0.23% expense ratio.
Dividends
XQUA.L vs. VDEA.L - Dividend Comparison
XQUA.L's dividend yield for the trailing twelve months is around 4.61%, while VDEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
VDEA.L Vanguard USD Emerging Markets Government Bond UCITS ETF USD Accumulation | 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 VDEA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDEA.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDEA.L is cheaper with a 0.23% expense ratio, compared with 0.45% for XQUA.L.
XQUA.L tracks JPM EMBI Global Diversified TR USD, while VDEA.L tracks Bloomberg EM USD Sovereign + Quasi-Sov Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.45% for XQUA.L and 0.23% for VDEA.L.
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