XRSG.L vs. EMNE.DE
XRSG.L (Xtrackers Russell 2000 UCITS ETF 1C) and EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) are both exchange-traded funds - XRSG.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while EMNE.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus CTB Index. Both are passively managed. Over the past 5 years, XRSG.L returned 7.27%/yr vs 10.15%/yr for EMNE.DE. At a 0.50 correlation, their price movements are largely independent. XRSG.L charges 0.30%/yr vs 0.12%/yr for EMNE.DE.
Performance
XRSG.L vs. EMNE.DE - Performance Comparison
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Different Trading Currencies
XRSG.L is traded in GBp, while EMNE.DE is traded in EUR. To make them comparable, the EMNE.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XRSG.L achieves a 19.15% return, which is significantly higher than EMNE.DE's 7.07% return.
XRSG.L
- 1D
- 0.23%
- 1M
- -2.05%
- 6M
- 12.42%
- YTD
- 19.15%
- 1Y
- 32.92%
- 3Y*
- 13.88%
- 5Y*
- 7.27%
- 10Y*
- 10.00%
- ALL TIME*
- 6.24%
EMNE.DE
- 1D
- 0.16%
- 1M
- -4.03%
- 6M
- 5.99%
- YTD
- 7.07%
- 1Y
- 16.55%
- 3Y*
- 14.14%
- 5Y*
- 10.15%
- 10Y*
- —
- ALL TIME*
- 11.20%
XRSG.L vs. EMNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XRSG.L Xtrackers Russell 2000 UCITS ETF 1C | 19.15% | 4.65% | 11.80% | 12.16% | -11.47% | 15.43% | 15.81% | 8.51% |
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 7.07% | 28.54% | 5.07% | 16.42% | -7.55% | 14.09% | 7.17% | 14.90% |
Correlation
The correlation between XRSG.L and EMNE.DE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.50 |
The correlation between XRSG.L and EMNE.DE has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
XRSG.L vs. EMNE.DE — Risk / Return Rank
XRSG.L
EMNE.DE
XRSG.L vs. EMNE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 2000 UCITS ETF 1C (XRSG.L) and iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XRSG.L | EMNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 1.44 | +2.37 |
| Martin ratioReturn relative to average drawdown | 10.93 | 5.06 | +5.88 |
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Drawdowns
XRSG.L vs. EMNE.DE - Drawdown Comparison
The maximum XRSG.L drawdown since its inception was -48.07%, which is greater than EMNE.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for XRSG.L and EMNE.DE.
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Drawdown Indicators
| XRSG.L | EMNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.07% | -28.65% | -19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -11.44% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -30.09% | -13.12% | -16.97% |
Max Drawdown (5Y)Largest decline over 5 years | -30.09% | -22.68% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.31% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -4.31% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -13.78% | -4.82% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.26% | -0.26% |
Volatility
XRSG.L vs. EMNE.DE - Volatility Comparison
Xtrackers Russell 2000 UCITS ETF 1C (XRSG.L) has a higher volatility of 4.40% compared to iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) at 4.02%. This indicates that XRSG.L's price experiences larger fluctuations and is considered to be riskier than EMNE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRSG.L | EMNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.02% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 12.72% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.84% | 14.81% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 16.40% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 20.19% | +2.35% |
XRSG.L vs. EMNE.DE - Expense Ratio Comparison
XRSG.L has a 0.30% expense ratio, which is higher than EMNE.DE's 0.12% expense ratio.
Dividends
XRSG.L vs. EMNE.DE - Dividend Comparison
XRSG.L has not paid dividends to shareholders, while EMNE.DE's dividend yield for the trailing twelve months is around 2.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.39% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
XRSG.L Xtrackers Russell 2000 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRSG.L and EMNE.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for XRSG.L.
XRSG.L is categorized as Small Cap Blend Equities, while EMNE.DE is Europe Equities. XRSG.L tracks Russell 2000 TR USD, while EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XRSG.L and 0.12% for EMNE.DE.
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