XQUE.DE vs. UEFS.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 5 years, XQUE.DE returned -2.64%/yr vs 3.30%/yr for UEFS.DE. A 0.50 correlation means they provide meaningful diversification when combined. XQUE.DE charges 0.50%/yr vs 0.25%/yr for UEFS.DE.
Performance
XQUE.DE vs. UEFS.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 lower than UEFS.DE's 3.71% 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*
- —
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.64%
- YTD
- 3.71%
- 6M
- 3.40%
- 1Y
- 11.85%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
XQUE.DE vs. UEFS.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 | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | -3.52% | 3.67% | 11.11% | -6.49% | 0.37% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 17.07% | 0.35% | 0.59% |
Correlation
The correlation between XQUE.DE and UEFS.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2017 | 0.50 |
The correlation between XQUE.DE and UEFS.DE shifts across timeframes, from 0.32 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XQUE.DE vs. UEFS.DE — Risk / Return Rank
XQUE.DE
UEFS.DE
XQUE.DE vs. UEFS.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) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.96 | -2.86 |
| Martin ratioReturn relative to average drawdown | 3.42 | 12.59 | -9.17 |
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 | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.98 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.38 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.44 | -0.56 |
Drawdowns
XQUE.DE vs. UEFS.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -29.15%, which is greater than UEFS.DE's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and UEFS.DE.
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Drawdown Indicators
| XQUE.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -24.26% | -4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -2.87% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -13.70% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -17.84% | -10.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.26% | — |
Current DrawdownCurrent decline from peak | -15.48% | -0.03% | -15.45% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -7.41% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.91% | +0.52% |
Volatility
XQUE.DE vs. UEFS.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) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) at 1.27%. This indicates that XQUE.DE's price experiences larger fluctuations and is considered to be riskier than UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.27% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.77% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.76% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 8.69% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.00% | 9.37% | -0.37% |
XQUE.DE vs. UEFS.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
XQUE.DE vs. UEFS.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 3.79%, less than UEFS.DE's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
XQUE.DE and UEFS.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for XQUE.DE.
XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged), while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.50% for XQUE.DE and 0.25% for UEFS.DE.
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