XQUA.L vs. XMME.L
XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - XQUA.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets Index. Both are passively managed. Over the past 5 years, XQUA.L returned -0.11%/yr vs 7.30%/yr for XMME.L. At a 0.44 correlation, their price movements are largely independent. XQUA.L charges 0.45%/yr vs 0.18%/yr for XMME.L.
Performance
XQUA.L vs. XMME.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 XMME.L's 26.48% 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%
XMME.L
- 1D
- -1.55%
- 1M
- 2.28%
- YTD
- 26.48%
- 6M
- 27.58%
- 1Y
- 50.85%
- 3Y*
- 24.14%
- 5Y*
- 7.30%
- 10Y*
- —
XQUA.L vs. XMME.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% | 2.63% |
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 26.48% | 33.78% | 7.37% | 9.61% | -20.77% | -2.81% | 18.46% | 17.19% | -14.47% | 16.38% |
Correlation
The correlation between XQUA.L and XMME.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017 | 0.44 |
The correlation between XQUA.L and XMME.L shifts across timeframes, from 0.38 (3 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XQUA.L vs. XMME.L — Risk / Return Rank
XQUA.L
XMME.L
XQUA.L vs. XMME.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 Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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 | XMME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.48 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 4.00 | -2.00 |
| Martin ratioReturn relative to average drawdown | 7.21 | 14.53 | -7.33 |
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 | XMME.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.64 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.39 | -0.40 |
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 | 0.44 | -0.32 |
Drawdowns
XQUA.L vs. XMME.L - Drawdown Comparison
The maximum XQUA.L drawdown since its inception was -26.27%, smaller than the maximum XMME.L drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for XQUA.L and XMME.L.
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Drawdown Indicators
| XQUA.L | XMME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.27% | -40.28% | +14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -12.95% | +8.93% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -17.04% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -37.39% | +11.13% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -2.78% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -15.45% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 3.58% | -2.46% |
Volatility
XQUA.L vs. XMME.L - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.L) is 1.74%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a volatility of 8.48%. This indicates that XQUA.L experiences smaller price fluctuations and is considered to be less risky than XMME.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 | XMME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 8.48% | -6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 17.03% | -13.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 19.71% | -15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 18.80% | -10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 19.92% | -11.27% |
XQUA.L vs. XMME.L - Expense Ratio Comparison
XQUA.L has a 0.45% expense ratio, which is higher than XMME.L's 0.18% expense ratio.
Dividends
XQUA.L vs. XMME.L - Dividend Comparison
XQUA.L's dividend yield for the trailing twelve months is around 4.61%, while XMME.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 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 XMME.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMME.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.L is cheaper with a 0.18% expense ratio, compared with 0.45% for XQUA.L.
XQUA.L is categorized as Emerging Markets Bonds, while XMME.L is Emerging Markets Equities. XQUA.L tracks JPM EMBI Global Diversified TR USD, while XMME.L tracks MSCI Total Return Net Emerging Markets Index. Their fees differ too: 0.45% for XQUA.L and 0.18% for XMME.L.
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