XQUE.DE vs. EM1C.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, XQUE.DE returned -2.72%/yr vs 2.41%/yr for EM1C.DE. At a 0.26 correlation, their price movements are largely independent. XQUE.DE charges 0.50%/yr vs 0.30%/yr for EM1C.DE.
Performance
XQUE.DE vs. EM1C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUE.DE achieves a -0.71% return, which is significantly lower than EM1C.DE's 4.27% return.
XQUE.DE
- 1D
- 0.12%
- 1M
- -0.95%
- 6M
- -0.36%
- YTD
- -0.71%
- 1Y
- 3.96%
- 3Y*
- 2.34%
- 5Y*
- -2.72%
- 10Y*
- —
EM1C.DE
- 1D
- -0.44%
- 1M
- 0.23%
- 6M
- 2.39%
- YTD
- 4.27%
- 1Y
- 8.95%
- 3Y*
- 4.77%
- 5Y*
- 2.41%
- 10Y*
- —
XQUE.DE vs. EM1C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.71% | 8.45% | -2.21% | 4.90% | -19.86% | -2.86% | 5.15% | 11.65% | -6.17% | 0.90% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.27% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 12.06% | -4.26% | -0.79% |
Correlation
The correlation between XQUE.DE and EM1C.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2017 | 0.26 |
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Return for Risk
XQUE.DE vs. EM1C.DE — Risk / Return Rank
XQUE.DE
EM1C.DE
XQUE.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 EUR Hedged (XQUE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XQUE.DE | EM1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.60 | -1.64 |
| Martin ratioReturn relative to average drawdown | 2.74 | 8.74 | -5.99 |
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Drawdowns
XQUE.DE vs. EM1C.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -28.45%, which is greater than EM1C.DE's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and EM1C.DE.
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Drawdown Indicators
| XQUE.DE | EM1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -23.47% | -4.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -3.43% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -8.80% | -7.21% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.06% | -8.70% | -19.36% |
Current DrawdownCurrent decline from peak | -14.01% | -3.15% | -10.86% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -13.82% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.02% | +0.42% |
Volatility
XQUE.DE vs. EM1C.DE - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged (XQUE.DE) has a higher volatility of 1.45% compared to VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) at 1.12%. This indicates that XQUE.DE's price experiences larger fluctuations and is considered to be riskier 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
| XQUE.DE | EM1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.12% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 4.27% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.26% | 5.09% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 7.04% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 10.10% | -1.17% |
XQUE.DE vs. EM1C.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.
Dividends
XQUE.DE vs. EM1C.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 4.48%, while EM1C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 4.48% | 4.55% | 4.62% | 4.12% | 7.39% | 3.89% | 10.60% | 4.37% | 1.26% |
Frequently Asked Questions
XQUE.DE and EM1C.DE have a correlation of 0.31, 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 0.50% for XQUE.DE.
XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged), while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.50% for XQUE.DE and 0.30% for EM1C.DE.
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