XQUE.DE vs. XUEM.DE
XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds from Xtrackers - XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged) while XUEM.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 2.28%/yr for XUEM.DE. A 0.56 correlation means they provide meaningful diversification when combined. XQUE.DE charges 0.50%/yr vs 0.25%/yr for XUEM.DE.
Performance
XQUE.DE vs. XUEM.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 XUEM.DE's 3.29% 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*
- —
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.15%
- YTD
- 3.29%
- 6M
- 2.78%
- 1Y
- 9.90%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
XQUE.DE vs. XUEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -0.14% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -6.64% | 17.85% | 4.17% |
Correlation
The correlation between XQUE.DE and XUEM.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 | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 17, 2018 | 0.56 |
Over the past year, the correlation between XQUE.DE and XUEM.DE has dropped to 0.31 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
XQUE.DE vs. XUEM.DE — Risk / Return Rank
XQUE.DE
XUEM.DE
XQUE.DE vs. XUEM.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 USD Emerging Markets Bond UCITS ETF 2D (XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.52 | -2.41 |
| Martin ratioReturn relative to average drawdown | 3.42 | 10.09 | -6.68 |
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 | XUEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.64 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.26 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.28 | -0.39 |
Drawdowns
XQUE.DE vs. XUEM.DE - Drawdown Comparison
The maximum XQUE.DE drawdown since its inception was -29.15%, which is greater than XUEM.DE's maximum drawdown of -26.83%. Use the drawdown chart below to compare losses from any high point for XQUE.DE and XUEM.DE.
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Drawdown Indicators
| XQUE.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -26.83% | -2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -2.72% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -13.45% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.28% | -17.85% | -10.43% |
Current DrawdownCurrent decline from peak | -15.48% | -2.82% | -12.66% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -10.35% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.95% | +0.48% |
Volatility
XQUE.DE vs. XUEM.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 USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) at 1.06%. This indicates that XQUE.DE's price experiences larger fluctuations and is considered to be riskier than XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.06% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.83% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.81% | -0.74% |
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% | 10.44% | -1.44% |
XQUE.DE vs. XUEM.DE - Expense Ratio Comparison
XQUE.DE has a 0.50% expense ratio, which is higher than XUEM.DE's 0.25% expense ratio.
Dividends
XQUE.DE vs. XUEM.DE - Dividend Comparison
XQUE.DE's dividend yield for the trailing twelve months is around 3.79%, less than XUEM.DE's 4.46% 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% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% | 0.00% |
Frequently Asked Questions
XQUE.DE and XUEM.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, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.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 XUEM.DE tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.50% for XQUE.DE and 0.25% for XUEM.DE.
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