XQUE.DE vs. XUEB.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) are both Emerging Markets Bonds funds from Xtrackers - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while XUEB.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, XQUE.DE returned -2.64%/yr vs 2.85%/yr for XUEB.DE. A 0.53 correlation means they provide meaningful diversification when combined. XQUE.DE charges 0.50%/yr vs 0.25%/yr for XUEB.DE.
Performance
XQUE.DE vs. XUEB.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 XUEB.DE's 3.66% return.
XQUE.DE
- 1D
- 0.16%
- 1M
- 0.38%
- YTD
- -0.31%
- 6M
- -0.46%
- 1Y
- 4.89%
- 3Y*
- 2.56%
- 5Y*
- -2.64%
- 10Y*
- —
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.42%
- YTD
- 3.66%
- 6M
- 3.08%
- 1Y
- 10.76%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
XQUE.DE vs. XUEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 7.98% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 5.65% | -0.25% |
Correlation
The correlation between XQUE.DE and XUEB.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 25, 2020 | 0.53 |
Over the past year, the correlation between XQUE.DE and XUEB.DE has dropped to 0.30 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
XQUE.DE vs. XUEB.DE — Risk / Return Rank
XQUE.DE
XUEB.DE
XQUE.DE vs. XUEB.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 Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.83 | -2.73 |
| Martin ratioReturn relative to average drawdown | 3.42 | 10.83 | -7.42 |
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 | XUEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.75 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.32 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.25 | -0.36 |
Drawdowns
XQUE.DE vs. XUEB.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -29.15%, which is greater than XUEB.DE's maximum drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and XUEB.DE.
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Drawdown Indicators
| XQUE.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -17.41% | -11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -2.70% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -13.41% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -17.41% | -10.87% |
Current DrawdownCurrent decline from peak | -15.48% | -0.40% | -15.08% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -6.25% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.96% | +0.47% |
Volatility
XQUE.DE vs. XUEB.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 Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) at 1.29%. This indicates that XQUE.DE's price experiences larger fluctuations and is considered to be riskier than XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.29% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.95% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.93% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 8.74% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.00% | 8.56% | +0.44% |
XQUE.DE vs. XUEB.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
XQUE.DE vs. XUEB.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 3.79%, while XUEB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XQUE.DE and XUEB.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.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 XUEB.DE tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.50% for XQUE.DE and 0.25% for XUEB.DE.
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