XQUD.DE vs. EMIE.DE
XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and EMIE.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while EMIE.DE tracks the JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). Both are passively managed. Over the past 3 years, XQUD.DE returned 2.35%/yr vs 2.76%/yr for EMIE.DE. At a 0.48 correlation, their price movements are largely independent. XQUD.DE charges 0.45%/yr vs 0.43%/yr for EMIE.DE.
Performance
XQUD.DE vs. EMIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUD.DE achieves a 1.98% return, which is significantly higher than EMIE.DE's -0.43% return.
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.14%
- YTD
- 1.98%
- 6M
- 1.13%
- 1Y
- 6.03%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
EMIE.DE
- 1D
- 0.18%
- 1M
- 0.27%
- YTD
- -0.43%
- 6M
- -0.44%
- 1Y
- 3.98%
- 3Y*
- 2.76%
- 5Y*
- -2.28%
- 10Y*
- —
XQUD.DE vs. EMIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc | -0.43% | 7.05% | -0.36% | 3.88% | -1.37% |
Correlation
The correlation between XQUD.DE and EMIE.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.48 |
Over the past year, the correlation between XQUD.DE and EMIE.DE has dropped to 0.22 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
XQUD.DE vs. EMIE.DE — Risk / Return Rank
XQUD.DE
EMIE.DE
XQUD.DE vs. EMIE.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 UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.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.DE | EMIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.12 | +0.44 |
| Martin ratioReturn relative to average drawdown | 4.64 | 3.63 | +1.01 |
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
| XQUD.DE | EMIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.07 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.11 | +0.40 |
Drawdowns
XQUD.DE vs. EMIE.DE - Drawdown Comparison
The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum EMIE.DE drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and EMIE.DE.
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Drawdown Indicators
| XQUD.DE | EMIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -26.98% | +14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -3.53% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -6.97% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.83% | — |
Current DrawdownCurrent decline from peak | -2.99% | -14.02% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -12.69% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.09% | +0.21% |
Volatility
XQUD.DE vs. EMIE.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) is 1.12%, while UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) has a volatility of 1.28%. This indicates that XQUD.DE experiences smaller price fluctuations and is considered to be less risky than EMIE.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.DE | EMIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.28% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 2.83% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 3.73% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 6.67% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 7.95% | +0.03% |
XQUD.DE vs. EMIE.DE - Expense Ratio Comparison
XQUD.DE has a 0.45% expense ratio, which is higher than EMIE.DE's 0.43% expense ratio.
Dividends
XQUD.DE vs. EMIE.DE - Dividend Comparison
Neither XQUD.DE nor EMIE.DE has paid dividends to shareholders.
Frequently Asked Questions
XQUD.DE and EMIE.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIE.DE is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIE.DE is cheaper with a 0.43% expense ratio, compared with 0.45% for XQUD.DE.
XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, while EMIE.DE tracks JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.45% for XQUD.DE and 0.43% for EMIE.DE.
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