XQUE.DE vs. XUEE.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds from Xtrackers - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Both are passively managed. Over the past 3 years, XQUE.DE returned 2.56%/yr vs 7.16%/yr for XUEE.DE. Their correlation of 0.93 suggests significant overlap in exposure. XQUE.DE charges 0.50%/yr vs 0.40%/yr for XUEE.DE.
Performance
XQUE.DE vs. XUEE.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 XUEE.DE's 1.11% 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*
- —
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XQUE.DE vs. XUEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | 0.32% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | -21.79% | -0.09% |
Correlation
The correlation between XQUE.DE and XUEE.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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.93 |
The correlation between XQUE.DE and XUEE.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
XQUE.DE vs. XUEE.DE — Risk / Return Rank
XQUE.DE
XUEE.DE
XQUE.DE vs. XUEE.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 EUR Hedged (XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.03 | -0.92 |
| Martin ratioReturn relative to average drawdown | 3.42 | 7.91 | -4.49 |
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 | XUEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.71 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.07 | -0.04 |
Drawdowns
XQUE.DE vs. XUEE.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -29.15%, smaller than the maximum XUEE.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and XUEE.DE.
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Drawdown Indicators
| XQUE.DE | XUEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -30.78% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -4.31% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -8.57% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | — | — |
Current DrawdownCurrent decline from peak | -15.48% | -4.52% | -10.96% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -15.12% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.11% | +0.32% |
Volatility
XQUE.DE vs. XUEE.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged (XQUE.DE) is 1.67%, while Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) has a volatility of 1.82%. This indicates that XQUE.DE experiences smaller price fluctuations and is considered to be less risky than XUEE.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 | XUEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.82% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 4.15% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.12% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 9.14% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.00% | 9.14% | -0.14% |
XQUE.DE vs. XUEE.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than XUEE.DE's 0.40% expense ratio.
Dividends
XQUE.DE vs. XUEE.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 3.79%, less than XUEE.DE's 4.31% yield.
| 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% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, XQUE.DE and XUEE.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, XUEE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEE.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for XQUE.DE.
XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged), while XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged). Their fees differ too: 0.50% for XQUE.DE and 0.40% for XUEE.DE.
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