XUEB.DE vs. UEFS.DE
XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - XUEB.DE tracks the JPM EMBI Global Diversified TR USD while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 5 years, XUEB.DE returned 2.85%/yr vs 3.30%/yr for UEFS.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
XUEB.DE vs. UEFS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XUEB.DE having a 3.66% return and UEFS.DE slightly higher at 3.71%.
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.69%
- YTD
- 3.66%
- 6M
- 3.38%
- 1Y
- 10.40%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.91%
- YTD
- 3.71%
- 6M
- 3.67%
- 1Y
- 11.43%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
XUEB.DE vs. UEFS.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% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | 0.75% |
Correlation
The correlation between XUEB.DE and UEFS.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 25, 2020 | 0.94 |
The correlation between XUEB.DE and UEFS.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
XUEB.DE vs. UEFS.DE — Risk / Return Rank
XUEB.DE
UEFS.DE
XUEB.DE vs. UEFS.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) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 3.96 | -0.13 |
| Martin ratioReturn relative to average drawdown | 10.83 | 12.59 | -1.76 |
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
| XUEB.DE | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.98 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.38 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.44 | -0.19 |
Drawdowns
XUEB.DE vs. UEFS.DE - Drawdown Comparison
The maximum XUEB.DE drawdown since its inception was -17.41%, smaller than the maximum UEFS.DE drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for XUEB.DE and UEFS.DE.
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Drawdown Indicators
| XUEB.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -24.26% | +6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.87% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -13.70% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | -17.84% | +0.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.26% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.03% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -7.41% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.91% | +0.05% |
Volatility
XUEB.DE vs. UEFS.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) and UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) have volatilities of 1.29% and 1.27%, 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.
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Volatility by Period
| XUEB.DE | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.27% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 3.77% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.76% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.69% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 9.37% | -0.81% |
XUEB.DE vs. UEFS.DE - Expense Ratio Comparison
Both XUEB.DE and UEFS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUEB.DE vs. UEFS.DE - Dividend Comparison
XUEB.DE has not paid dividends to shareholders, while UEFS.DE's dividend yield for the trailing twelve months is around 6.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, XUEB.DE and UEFS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE and UEFS.DE have the same expense ratio: 0.25% per year.
XUEB.DE tracks JPM EMBI Global Diversified TR USD, while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: Xtrackers and UBS.
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