XSTR.L vs. XMME.L
XSTR.L (Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D) and XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - XSTR.L is a Money Market fund actively managed by Xtrackers, while XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets Index. XSTR.L is actively managed, while XMME.L is passively managed. Over the past 5 years, XSTR.L returned 3.32%/yr vs 9.00%/yr for XMME.L. At a 0.01 correlation, their price movements are largely independent. XSTR.L charges 0.10%/yr vs 0.18%/yr for XMME.L.
Performance
XSTR.L vs. XMME.L - Performance Comparison
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Different Trading Currencies
XSTR.L is traded in GBp, while XMME.L is traded in USD. To make them comparable, the XMME.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSTR.L achieves a 1.53% return, which is significantly lower than XMME.L's 30.16% return.
XSTR.L
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 1.53%
- 6M
- 1.84%
- 1Y
- 3.89%
- 3Y*
- 4.61%
- 5Y*
- 3.32%
- 10Y*
- 1.76%
XMME.L
- 1D
- 0.00%
- 1M
- 10.93%
- YTD
- 30.16%
- 6M
- 31.62%
- 1Y
- 59.27%
- 3Y*
- 21.89%
- 5Y*
- 9.00%
- 10Y*
- —
XSTR.L vs. XMME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSTR.L Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | 1.53% | 4.20% | 5.14% | 4.57% | 1.25% | -0.08% | 0.03% | 0.56% | 0.41% | 0.07% |
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 28.95% | 24.25% | 9.25% | 4.13% | -11.35% | -1.89% | 14.98% | 12.73% | -9.39% | 11.95% |
Correlation
The correlation between XSTR.L and XMME.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017 | 0.01 |
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Return for Risk
XSTR.L vs. XMME.L — Risk / Return Rank
XSTR.L
XMME.L
XSTR.L vs. XMME.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L). 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.
| XSTR.L | XMME.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 3.23 | -1.38 |
Sortino ratioReturn per unit of downside risk | 2.70 | 4.09 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.79 | 1.60 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 4.01 | 5.46 | -1.45 |
Martin ratioReturn relative to average drawdown | 32.04 | 18.51 | +13.53 |
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
| XSTR.L | XMME.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 3.23 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.57 | 0.53 | +3.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.46 | -0.56 |
Drawdowns
XSTR.L vs. XMME.L - Drawdown Comparison
The maximum XSTR.L drawdown since its inception was -23.56%, smaller than the maximum XMME.L drawdown of -27.98%. Use the drawdown chart below to compare losses from any high point for XSTR.L and XMME.L.
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Drawdown Indicators
| XSTR.L | XMME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -27.98% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.97% | -10.80% | +9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -15.74% | +14.77% |
Max Drawdown (5Y)Largest decline over 5 years | -0.97% | -24.54% | +23.57% |
Max Drawdown (10Y)Largest decline over 10 years | -1.60% | — | — |
Current DrawdownCurrent decline from peak | -7.89% | 0.00% | -7.89% |
Average DrawdownAverage peak-to-trough decline | -20.17% | -10.03% | -10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 3.19% | -3.07% |
Volatility
XSTR.L vs. XMME.L - Volatility Comparison
The current volatility for Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.L) is 0.14%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a volatility of 7.68%. This indicates that XSTR.L experiences smaller price fluctuations and is considered to be less risky than XMME.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSTR.L | XMME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 7.68% | -7.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 15.72% | -13.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 18.28% | -16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.02% | 17.02% | -16.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.99% | 18.92% | -17.93% |
XSTR.L vs. XMME.L - Expense Ratio Comparison
XSTR.L has a 0.10% expense ratio, which is lower than XMME.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSTR.L vs. XMME.L - Dividend Comparison
XSTR.L's dividend yield for the trailing twelve months is around 4.15%, while XMME.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSTR.L Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | 4.15% | 4.61% | 5.06% | 4.05% | 0.33% | 0.02% | 0.56% | 0.97% | 0.61% | 0.19% | 1.19% | 0.78% |
Frequently Asked Questions
XSTR.L and XMME.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTR.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTR.L is cheaper with a 0.10% expense ratio, compared with 0.18% for XMME.L.
XSTR.L is categorized as Money Market, while XMME.L is Emerging Markets Equities. Their fees differ too: 0.10% for XSTR.L and 0.18% for XMME.L.
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