XUEB.DE vs. EMIE.DE

Last updated Jun 5, 2026

XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and EMIE.DE (UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - XUEB.DE tracks the JPM EMBI Global Diversified TR USD while EMIE.DE tracks the JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). Both are passively managed. Over the past 5 years, XUEB.DE returned 2.85%/yr vs -2.28%/yr for EMIE.DE. At a 0.46 correlation, their price movements are largely independent. XUEB.DE charges 0.25%/yr vs 0.43%/yr for EMIE.DE.

Performance

XUEB.DE vs. EMIE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XUEB.DE achieves a 3.66% return, which is significantly higher than EMIE.DE's -0.43% return.

XUEB.DE

• 1D: -0.10%
• 1M: 1.42%
• YTD: 3.66%
• 6M: 3.08%
• 1Y: 10.76%
• 3Y*: 7.25%
• 5Y*: 2.85%
• 10Y*: —

EMIE.DE

• 1D: 0.18%
• 1M: -0.30%
• YTD: -0.43%
• 6M: -0.37%
• 1Y: 4.03%
• 3Y*: 2.76%
• 5Y*: -2.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XUEB.DE vs. EMIE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C	3.66%	1.23%	11.99%	7.34%	-14.37%	5.65%	-0.25%
EMIE.DE UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc	-0.43%	7.05%	-0.36%	3.88%	-19.72%	-2.93%	7.34%

Correlation

The correlation between XUEB.DE and EMIE.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 25, 2020	0.46

Over the past year, the correlation between XUEB.DE and EMIE.DE has dropped to 0.24 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

XUEB.DE vs. EMIE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUEB.DE

XUEB.DE Risk / Return Rank: 59
XUEB.DE Sharpe Ratio Rank: 52
XUEB.DE Sortino Ratio Rank: 54
XUEB.DE Omega Ratio Rank: 54
XUEB.DE Calmar Ratio Rank: 77
XUEB.DE Martin Ratio Rank: 62

EMIE.DE

EMIE.DE Risk / Return Rank: 28
EMIE.DE Sharpe Ratio Rank: 30
EMIE.DE Sortino Ratio Rank: 30
EMIE.DE Omega Ratio Rank: 28
EMIE.DE Calmar Ratio Rank: 24
EMIE.DE Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XUEB.DE vs. EMIE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.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.

	XUEB.DE	EMIE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.07	+0.68
Sortino ratio: Return per unit of downside risk	2.56	1.60	+0.95
Omega ratio: Gain probability vs. loss probability	1.33	1.19	+0.14
Calmar ratio: Return relative to maximum drawdown	3.83	1.12	+2.71
Martin ratio: Return relative to average drawdown	10.83	3.63	+7.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUEB.DE vs. EMIE.DE - Sharpe Ratio Comparison

The current XUEB.DE Sharpe Ratio is 1.75, which is higher than the EMIE.DE Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of XUEB.DE and EMIE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XUEB.DE	EMIE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	1.07	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	-0.34	+0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	-0.11	+0.36

Drawdowns

XUEB.DE vs. EMIE.DE - Drawdown Comparison

The maximum XUEB.DE drawdown since its inception was -17.41%, smaller than the maximum EMIE.DE drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for XUEB.DE and EMIE.DE.

Drawdown Indicators

	XUEB.DE	EMIE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.41%	-26.98%	+9.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-3.53%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-6.97%	-6.44%
Max Drawdown (5Y) Largest decline over 5 years	-17.41%	-25.83%	+8.42%
Current Drawdown Current decline from peak	-0.40%	-14.02%	+13.62%
Average Drawdown Average peak-to-trough decline	-6.25%	-12.69%	+6.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.09%	-0.13%

Volatility

XUEB.DE vs. EMIE.DE - Volatility Comparison

Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) and UBS ETF (LU) J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (EUR Hedged) Acc (EMIE.DE) have volatilities of 1.29% and 1.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUEB.DE	EMIE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	1.28%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	3.95%	2.83%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.93%	3.73%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.74%	6.67%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.56%	7.95%	+0.61%

XUEB.DE vs. EMIE.DE - Expense Ratio Comparison

XUEB.DE has a 0.25% expense ratio, which is lower than EMIE.DE's 0.43% expense ratio.

Dividends

XUEB.DE vs. EMIE.DE - Dividend Comparison

Neither XUEB.DE nor EMIE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XUEB.DE and EMIE.DE in my portfolio?

XUEB.DE and EMIE.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUEB.DE or EMIE.DE?

On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUEB.DE or EMIE.DE?

XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.43% for EMIE.DE.

What is the main difference between XUEB.DE and EMIE.DE?

XUEB.DE tracks JPM EMBI Global Diversified TR USD, while EMIE.DE tracks JP Morgan USD Emerging Markets IG ESG Diversified Bond (EUR Hedged). They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.25% for XUEB.DE and 0.43% for EMIE.DE.