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XQUD.DE vs. EM1C.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XQUD.DE vs. EM1C.DE

Last updated Jun 5, 2026

XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 3 years, XQUD.DE returned 2.35%/yr vs 4.00%/yr for EM1C.DE. A 0.57 correlation means they provide meaningful diversification when combined. XQUD.DE charges 0.45%/yr vs 0.30%/yr for EM1C.DE.

Performance

XQUD.DE vs. EM1C.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XQUD.DE achieves a 1.98% return, which is significantly lower than EM1C.DE's 2.30% return.

XQUD.DE

1D
-0.03%
1M
1.14%
YTD
1.98%
6M
1.13%
1Y
6.03%
3Y*
2.35%
5Y*
—
10Y*
—

EM1C.DE

1D
-0.08%
1M
1.38%
YTD
2.30%
6M
2.32%
1Y
7.02%
3Y*
4.00%
5Y*
2.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQUD.DE vs. EM1C.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022
XQUD.DE
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF		1.98%-1.36%5.23%3.70%-0.16%
EM1C.DE
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		2.30%4.53%3.69%6.44%1.11%

Correlation

The correlation between XQUD.DE and EM1C.DE is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2022

0.57

The correlation between XQUD.DE and EM1C.DE has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF

VanEck J.P. Morgan EM Local Currency Bond UCITS ETF

Often compared with XQUD.DE:
XQUD.DE vs. GHYGXQUD.DE vs. LUXQUD.DE vs. XNGI.DEXQUD.DE vs. SEAB.DEXQUD.DE vs. SEAD.DEXQUD.DE vs. ENDH.DEXQUD.DE vs. CEB0.DE
Often compared with EM1C.DE:
EM1C.DE vs. IS02.DEEM1C.DE vs. IUS7.DEEM1C.DE vs. VGEM.DEEM1C.DE vs. CEB0.DEEM1C.DE vs. ENDH.DEEM1C.DE vs. XUEM.DEEM1C.DE vs. IS3C.DE

Return for Risk

XQUD.DE vs. EM1C.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XQUD.DE
XQUD.DE Risk / Return Rank: 3131
Overall Rank
XQUD.DE Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
XQUD.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
XQUD.DE Omega Ratio Rank: 2929
Omega Ratio Rank
XQUD.DE Calmar Ratio Rank: 3333
Calmar Ratio Rank
XQUD.DE Martin Ratio Rank: 3232
Martin Ratio Rank
EM1C.DE
EM1C.DE Risk / Return Rank: 4141
Overall Rank
EM1C.DE Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
EM1C.DE Sortino Ratio Rank: 4343
Sortino Ratio Rank
EM1C.DE Omega Ratio Rank: 4040
Omega Ratio Rank
EM1C.DE Calmar Ratio Rank: 4242
Calmar Ratio Rank
EM1C.DE Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XQUD.DE vs. EM1C.DE - 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 (XQUD.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE). 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.

XQUD.DEEM1C.DEDifference
Sharpe ratioReturn per unit of total volatility
1.04
1.39

-0.35

Sortino ratioReturn per unit of downside risk
1.55
2.12

-0.57

Omega ratioGain probability vs. loss probability

1.19

1.26

-0.07

Calmar ratioReturn relative to maximum drawdown

1.56

2.04

-0.48

Martin ratioReturn relative to average drawdown

4.64

6.75

-2.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XQUD.DE vs. EM1C.DE - Sharpe Ratio Comparison

The current XQUD.DE Sharpe Ratio is 1.04, which is comparable to the EM1C.DE Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of XQUD.DE and EM1C.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XQUD.DEEM1C.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

1.39

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.31

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.09

+0.21

Drawdowns

XQUD.DE vs. EM1C.DE - Drawdown Comparison

The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum EM1C.DE drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and EM1C.DE.

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Drawdown Indicators

XQUD.DEEM1C.DEDifference

Max Drawdown

Largest peak-to-trough decline

-12.01%

-18.83%

+6.82%

Max Drawdown (1Y)

Largest decline over 1 year

-3.84%

-3.42%

-0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-11.40%

-7.20%

-4.20%

Max Drawdown (5Y)

Largest decline over 5 years

—

-8.53%

—

Current Drawdown

Current decline from peak

-2.99%

-0.85%

-2.14%

Average Drawdown

Average peak-to-trough decline

-5.54%

-8.00%

+2.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.30%

1.04%

+0.26%

Volatility

XQUD.DE vs. EM1C.DE - Volatility Comparison

The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) is 1.12%, while VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) has a volatility of 1.55%. This indicates that XQUD.DE experiences smaller price fluctuations and is considered to be less risky than EM1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQUD.DEEM1C.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.12%

1.55%

-0.43%

Volatility (6M)

Calculated over the trailing 6-month period

3.74%

4.15%

-0.41%

Volatility (1Y)

Calculated over the trailing 1-year period

5.77%

5.03%

+0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.98%

7.03%

+0.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.98%

8.06%

-0.08%

XQUD.DE vs. EM1C.DE - Expense Ratio Comparison

XQUD.DE has a 0.45% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.

Dividends

XQUD.DE vs. EM1C.DE - Dividend Comparison

Neither XQUD.DE nor EM1C.DE has paid dividends to shareholders.

PositionTTM2025202420232022
EM1C.DE
VanEck J.P. Morgan EM Local Currency Bond UCITS ETF		0.00%0.00%0.00%0.00%0.19%
XQUD.DE
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XQUD.DE and EM1C.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for XQUD.DE.

XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.45% for XQUD.DE and 0.30% for EM1C.DE.

Portfolio Optimizer

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