XQUD.DE vs. XUEM.DE
XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds from Xtrackers - XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted while XUEM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 3 years, XQUD.DE returned 2.35%/yr vs 6.62%/yr for XUEM.DE. Their correlation of 0.93 suggests significant overlap in exposure. XQUD.DE charges 0.45%/yr vs 0.25%/yr for XUEM.DE.
Performance
XQUD.DE vs. XUEM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XQUD.DE achieves a 1.98% return, which is significantly lower than XUEM.DE's 3.29% return.
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.14%
- YTD
- 1.98%
- 6M
- 1.13%
- 1Y
- 6.03%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.53%
- YTD
- 3.29%
- 6M
- 3.01%
- 1Y
- 9.59%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
XQUD.DE vs. XUEM.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% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | 2.03% |
Correlation
The correlation between XQUD.DE and XUEM.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.93 |
The correlation between XQUD.DE and XUEM.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XQUD.DE vs. XUEM.DE — Risk / Return Rank
XQUD.DE
XUEM.DE
XQUD.DE vs. XUEM.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 USD Emerging Markets Bond UCITS ETF 2D (XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.52 | -1.96 |
| Martin ratioReturn relative to average drawdown | 4.64 | 10.09 | -5.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XQUD.DE | XUEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.64 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.28 | +0.01 |
Drawdowns
XQUD.DE vs. XUEM.DE - Drawdown Comparison
The maximum XQUD.DE drawdown since its inception was -12.01%, smaller than the maximum XUEM.DE drawdown of -26.83%. Use the drawdown chart below to compare losses from any high point for XQUD.DE and XUEM.DE.
Loading charts...
Drawdown Indicators
| XQUD.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -26.83% | +14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -2.72% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -13.45% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.85% | — |
Current DrawdownCurrent decline from peak | -2.99% | -2.82% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -10.35% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.95% | +0.35% |
Volatility
XQUD.DE vs. XUEM.DE - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) has a higher volatility of 1.12% compared to Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) at 1.06%. This indicates that XQUD.DE's price experiences larger fluctuations and is considered to be riskier than XUEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XQUD.DE | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.06% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 3.83% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 5.81% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 8.74% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 10.44% | -2.46% |
XQUD.DE vs. XUEM.DE - Expense Ratio Comparison
XQUD.DE has a 0.45% expense ratio, which is higher than XUEM.DE's 0.25% expense ratio.
Dividends
XQUD.DE vs. XUEM.DE - Dividend Comparison
XQUD.DE has not paid dividends to shareholders, while XUEM.DE's dividend yield for the trailing twelve months is around 4.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% |
Frequently Asked Questions
With a correlation of 0.92, XQUD.DE and XUEM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for XQUD.DE.
XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted, while XUEM.DE tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.45% for XQUD.DE and 0.25% for XUEM.DE.
Find the right allocation for XQUD.DE and XUEM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer