XQUD.DE vs. XUEE.DE
XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds from Xtrackers - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Both are passively managed. Over the past 3 years, XQUD.DE returned 2.35%/yr vs 7.16%/yr for XUEE.DE. At a 0.48 correlation, their price movements are largely independent. XQUD.DE charges 0.45%/yr vs 0.40%/yr for XUEE.DE.
Performance
XQUD.DE vs. XUEE.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 XUEE.DE's 1.11% return.
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.14%
- YTD
- 1.98%
- 6M
- 1.13%
- 1Y
- 6.03%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XQUD.DE vs. XUEE.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% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | 1.33% |
Correlation
The correlation between XQUD.DE and XUEE.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
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 XUEE.DE has dropped to 0.25 - 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. XUEE.DE — Risk / Return Rank
XQUD.DE
XUEE.DE
XQUD.DE vs. XUEE.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 Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.03 | -0.47 |
| Martin ratioReturn relative to average drawdown | 4.64 | 7.91 | -3.27 |
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 | XUEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.71 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.07 | +0.36 |
Drawdowns
XQUD.DE vs. XUEE.DE - Drawdown Comparison
The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum XUEE.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and XUEE.DE.
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Drawdown Indicators
| XQUD.DE | XUEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -30.78% | +18.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -4.31% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -8.57% | -2.83% |
Current DrawdownCurrent decline from peak | -2.99% | -4.52% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -15.12% | +9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.11% | +0.19% |
Volatility
XQUD.DE vs. XUEE.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) is 1.12%, while Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) has a volatility of 1.82%. This indicates that XQUD.DE experiences smaller price fluctuations and is considered to be less risky than XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.82% | -0.70% |
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% | 5.12% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 9.14% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 9.14% | -1.16% |
XQUD.DE vs. XUEE.DE - Expense Ratio Comparison
XQUD.DE has a 0.45% expense ratio, which is higher than XUEE.DE's 0.40% expense ratio.
Dividends
XQUD.DE vs. XUEE.DE - Dividend Comparison
XQUD.DE has not paid dividends to shareholders, while XUEE.DE's dividend yield for the trailing twelve months is around 4.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% |
Frequently Asked Questions
XQUD.DE and XUEE.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEE.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for XQUD.DE.
XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, while XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Their fees differ too: 0.45% for XQUD.DE and 0.40% for XUEE.DE.
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