XUEB.DE vs. XQUD.DE
XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds from Xtrackers - XUEB.DE tracks the JPM EMBI Global Diversified TR USD while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, XUEB.DE returned 7.25%/yr vs 2.35%/yr for XQUD.DE. Their correlation of 0.93 suggests significant overlap in exposure. XUEB.DE charges 0.25%/yr vs 0.45%/yr for XQUD.DE.
Performance
XUEB.DE vs. XQUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEB.DE achieves a 3.66% return, which is significantly higher than XQUD.DE's 1.98% 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*
- —
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.09%
- YTD
- 1.98%
- 6M
- 0.94%
- 1Y
- 6.30%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
XUEB.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | 1.97% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
Correlation
The correlation between XUEB.DE and XQUD.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.93 |
The correlation between XUEB.DE and XQUD.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
XUEB.DE vs. XQUD.DE — Risk / Return Rank
XUEB.DE
XQUD.DE
XUEB.DE vs. XQUD.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.56 | +2.27 |
| Martin ratioReturn relative to average drawdown | 10.83 | 4.64 | +6.19 |
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 | XQUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.04 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.29 | -0.04 |
Drawdowns
XUEB.DE vs. XQUD.DE - Drawdown Comparison
The maximum XUEB.DE drawdown since its inception was -17.41%, which is greater than XQUD.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for XUEB.DE and XQUD.DE.
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Drawdown Indicators
| XUEB.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -12.01% | -5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -3.84% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -11.40% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -2.99% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -5.54% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.30% | -0.34% |
Volatility
XUEB.DE vs. XQUD.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) has a higher volatility of 1.29% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) at 1.12%. This indicates that XUEB.DE's price experiences larger fluctuations and is considered to be riskier than XQUD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEB.DE | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.12% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 3.74% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.77% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 7.98% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 7.98% | +0.58% |
XUEB.DE vs. XQUD.DE - Expense Ratio Comparison
XUEB.DE has a 0.25% expense ratio, which is lower than XQUD.DE's 0.45% expense ratio.
Dividends
XUEB.DE vs. XQUD.DE - Dividend Comparison
Neither XUEB.DE nor XQUD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XUEB.DE and XQUD.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.
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.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for XQUD.DE.
XUEB.DE tracks JPM EMBI Global Diversified TR USD, while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Their fees differ too: 0.25% for XUEB.DE and 0.45% for XQUD.DE.
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