XQUE.DE vs. EMIE.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) 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 - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while EMIE.DE tracks the JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). Both are passively managed. Over the past 5 years, XQUE.DE returned -2.64%/yr vs -2.28%/yr for EMIE.DE. Their correlation of 0.85 suggests significant overlap in exposure. XQUE.DE charges 0.50%/yr vs 0.43%/yr for EMIE.DE.
Performance
XQUE.DE vs. EMIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUE.DE achieves a -0.31% return, which is significantly higher than EMIE.DE's -0.43% return.
XQUE.DE
- 1D
- 0.16%
- 1M
- -0.09%
- YTD
- -0.31%
- 6M
- -0.44%
- 1Y
- 4.92%
- 3Y*
- 2.56%
- 5Y*
- -2.64%
- 10Y*
- —
EMIE.DE
- 1D
- 0.18%
- 1M
- -0.30%
- YTD
- -0.43%
- 6M
- -0.37%
- 1Y
- 4.03%
- 3Y*
- 2.76%
- 5Y*
- -2.28%
- 10Y*
- —
XQUE.DE vs. EMIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | -3.52% | 3.67% | 2.13% |
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% | -19.72% | -2.93% | 6.95% | 2.47% |
Correlation
The correlation between XQUE.DE and EMIE.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019 | 0.85 |
The correlation between XQUE.DE and EMIE.DE has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
XQUE.DE vs. EMIE.DE — Risk / Return Rank
XQUE.DE
EMIE.DE
XQUE.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 EUR Hedged (XQUE.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.
| XQUE.DE | EMIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.12 | -0.02 |
| Martin ratioReturn relative to average drawdown | 3.42 | 3.63 | -0.21 |
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
| XQUE.DE | EMIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.07 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.34 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.11 | 0.00 |
Drawdowns
XQUE.DE vs. EMIE.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -29.15%, which is greater than EMIE.DE's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and EMIE.DE.
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Drawdown Indicators
| XQUE.DE | EMIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -26.98% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -3.53% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -6.97% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -25.83% | -2.45% |
Current DrawdownCurrent decline from peak | -15.48% | -14.02% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -12.69% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.09% | +0.34% |
Volatility
XQUE.DE vs. EMIE.DE - Volatility Comparison
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged (XQUE.DE) has a higher volatility of 1.67% compared to UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) at 1.28%. This indicates that XQUE.DE's price experiences larger fluctuations and is considered to be riskier 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
| XQUE.DE | EMIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.28% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 2.83% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 3.73% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 6.67% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.00% | 7.95% | +1.05% |
XQUE.DE vs. EMIE.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than EMIE.DE's 0.43% expense ratio.
Dividends
XQUE.DE vs. EMIE.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 3.79%, while EMIE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc | 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 | 3.79% | 4.16% | 4.20% | 3.82% | 7.06% | 3.21% | 9.32% | 3.88% | 1.02% |
Frequently Asked Questions
XQUE.DE and EMIE.DE have a correlation of 0.88, 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 0.50% for XQUE.DE.
XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged), 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: 0.50% for XQUE.DE and 0.43% for EMIE.DE.
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