XQUA.L vs. XUEB.L
XQUA.L (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and XUEB.L (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds from Xtrackers tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 3 years, XQUA.L returned 5.25%/yr vs 10.31%/yr for XUEB.L. Their correlation of 0.92 suggests significant overlap in exposure. XQUA.L charges 0.45%/yr vs 0.25%/yr for XUEB.L.
Performance
XQUA.L vs. XUEB.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 XUEB.L's 2.70% 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%
XUEB.L
- 1D
- 0.35%
- 1M
- 0.25%
- YTD
- 2.70%
- 6M
- 3.15%
- 1Y
- 12.69%
- 3Y*
- 10.31%
- 5Y*
- —
- 10Y*
- —
XQUA.L vs. XUEB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XQUA.L Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 0.94% | 10.82% | -0.40% | 7.51% | 1.04% |
XUEB.L Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 2.70% | 13.61% | 6.10% | 11.06% | 5.53% |
Correlation
The correlation between XQUA.L and XUEB.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.92 |
The correlation between XQUA.L and XUEB.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
XQUA.L vs. XUEB.L — Risk / Return Rank
XQUA.L
XUEB.L
XQUA.L vs. XUEB.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 II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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 | XUEB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 3.08 | -1.07 |
| Martin ratioReturn relative to average drawdown | 7.21 | 12.93 | -5.73 |
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 | XUEB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.28 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -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 | 1.17 | -1.05 |
Drawdowns
XQUA.L vs. XUEB.L - Drawdown Comparison
The maximum XQUA.L drawdown since its inception was -26.27%, which is greater than XUEB.L's maximum drawdown of -14.08%. Use the drawdown chart below to compare losses from any high point for XQUA.L and XUEB.L.
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Drawdown Indicators
| XQUA.L | XUEB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.27% | -14.08% | -12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -4.09% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -7.91% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -0.01% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -2.09% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.98% | +0.14% |
Volatility
XQUA.L vs. XUEB.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 II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L) has a volatility of 1.98%. This indicates that XQUA.L experiences smaller price fluctuations and is considered to be less risky than XUEB.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 | XUEB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.98% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.67% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 5.54% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 8.60% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 8.60% | +0.05% |
XQUA.L vs. XUEB.L - Expense Ratio Comparison
XQUA.L has a 0.45% expense ratio, which is higher than XUEB.L's 0.25% expense ratio.
Dividends
XQUA.L vs. XUEB.L - Dividend Comparison
XQUA.L's dividend yield for the trailing twelve months is around 4.61%, while XUEB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
XUEB.L Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XQUA.L and XUEB.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.L is cheaper with a 0.25% expense ratio, compared with 0.45% for XQUA.L.
Both ETFs track JPM EMBI Global Diversified TR USD. Their fees differ too: 0.45% for XQUA.L and 0.25% for XUEB.L.
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