XS5E.DE vs. XMME.DE
XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - XS5E.DE is a S&P 500 fund tracking the S&P 500 Index (EUR Hedged), while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, XS5E.DE returned 17.82%/yr vs 20.47%/yr for XMME.DE. A 0.56 correlation means they provide meaningful diversification when combined. XS5E.DE charges 0.20%/yr vs 0.18%/yr for XMME.DE.
Performance
XS5E.DE vs. XMME.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XS5E.DE achieves a 7.75% return, which is significantly lower than XMME.DE's 28.32% return.
XS5E.DE
- 1D
- 0.18%
- 1M
- -0.99%
- 6M
- 8.38%
- YTD
- 7.75%
- 1Y
- 17.67%
- 3Y*
- 17.82%
- 5Y*
- —
- 10Y*
- —
XMME.DE
- 1D
- 2.30%
- 1M
- -1.33%
- 6M
- 24.68%
- YTD
- 28.32%
- 1Y
- 45.78%
- 3Y*
- 20.47%
- 5Y*
- 8.17%
- 10Y*
- —
XS5E.DE vs. XMME.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.75% | 15.25% | 23.26% | 23.58% | -21.91% | 9.25% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 28.32% | 18.69% | 13.82% | 5.89% | -15.00% | 2.27% |
Correlation
The correlation between XS5E.DE and XMME.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.56 |
The correlation between XS5E.DE and XMME.DE has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
XS5E.DE vs. XMME.DE — Risk / Return Rank
XS5E.DE
XMME.DE
XS5E.DE vs. XMME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.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.
| XS5E.DE | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.42 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.27 | -2.23 |
| Martin ratioReturn relative to average drawdown | 8.14 | 14.15 | -6.02 |
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Drawdowns
XS5E.DE vs. XMME.DE - Drawdown Comparison
The maximum XS5E.DE drawdown since its inception was -26.08%, smaller than the maximum XMME.DE drawdown of -31.95%. Use the drawdown chart below to compare losses from any high point for XS5E.DE and XMME.DE.
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Drawdown Indicators
| XS5E.DE | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -31.95% | +5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -10.68% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -19.16% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.46% | — |
Current DrawdownCurrent decline from peak | -1.61% | -4.83% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -9.77% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 3.23% | -1.06% |
Volatility
XS5E.DE vs. XMME.DE - Volatility Comparison
The current volatility for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) is 4.03%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 9.36%. This indicates that XS5E.DE experiences smaller price fluctuations and is considered to be less risky than XMME.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XS5E.DE | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 9.36% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 17.23% | -8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 19.70% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 17.22% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 19.02% | -2.78% |
XS5E.DE vs. XMME.DE - Expense Ratio Comparison
XS5E.DE has a 0.20% expense ratio, which is higher than XMME.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XS5E.DE vs. XMME.DE - Dividend Comparison
Neither XS5E.DE nor XMME.DE has paid dividends to shareholders.
Frequently Asked Questions
XS5E.DE and XMME.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMME.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for XS5E.DE.
XS5E.DE is categorized as S&P 500, while XMME.DE is Emerging Markets Equities. XS5E.DE tracks S&P 500 Index (EUR Hedged), while XMME.DE tracks MSCI Emerging Markets. Their fees differ too: 0.20% for XS5E.DE and 0.18% for XMME.DE.
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