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XUEB.L vs. EMDL.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XUEB.L vs. EMDL.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L).

XUEB.L and EMDL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XUEB.L is a passively managed fund by Xtrackers that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Mar 11, 2020. EMDL.L is a passively managed fund by State Street that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on May 13, 2011. Both XUEB.L and EMDL.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XUEB.L vs. EMDL.L - 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.L) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L). The values are adjusted to include any dividend payments, if applicable.

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XUEB.L vs. EMDL.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
XUEB.L
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C		-0.72%13.61%6.10%11.06%5.53%
EMDL.L
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF		-1.83%15.98%-167.99%8.96%6.23%
Different Trading Currencies

XUEB.L is traded in USD, while EMDL.L is traded in GBP. To make them comparable, the EMDL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XUEB.L achieves a -0.72% return, which is significantly higher than EMDL.L's -1.83% return.

XUEB.L

1D
1.04%
1M
-2.05%
YTD
-0.72%
6M
2.15%
1Y
10.04%
3Y*
9.09%
5Y*
—
10Y*
—

EMDL.L

1D
1.38%
1M
-3.78%
YTD
-1.83%
6M
-0.11%
1Y
9.60%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Xtrackers II USD Emerging Markets Bond UCITS ETF 2C

SPDR Bloomberg Emerging Markets Local Bond UCITS ETF

Often compared with XUEB.L:
XUEB.L vs. SEMH.LXUEB.L vs. EMSA.LXUEB.L vs. VEMA.LXUEB.L vs. VEMT.LXUEB.L vs. SEMC.LXUEB.L vs. EMBE.LXUEB.L vs. PEMD.L
Often compared with EMDL.L:
EMDL.L vs. SBEM.LEMDL.L vs. SPYEMDL.L vs. EMGB.LEMDL.L vs. EMLO.LEMDL.L vs. SEMC.LEMDL.L vs. EMLI.LEMDL.L vs. DRGN.L

XUEB.L vs. EMDL.L - Expense Ratio Comparison

XUEB.L has a 0.25% expense ratio, which is lower than EMDL.L's 0.55% expense ratio.

EMDL.L
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF
XUEB.L
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C

Return for Risk

XUEB.L vs. EMDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUEB.L
XUEB.L Risk / Return Rank: 7878
Overall Rank
XUEB.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
XUEB.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
XUEB.L Omega Ratio Rank: 7979
Omega Ratio Rank
XUEB.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
XUEB.L Martin Ratio Rank: 7979
Martin Ratio Rank
EMDL.L
EMDL.L Risk / Return Rank: 5757
Overall Rank
EMDL.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
EMDL.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
EMDL.L Omega Ratio Rank: 5656
Omega Ratio Rank
EMDL.L Calmar Ratio Rank: 4545
Calmar Ratio Rank
EMDL.L Martin Ratio Rank: 4848
Martin Ratio Rank
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.L vs. EMDL.L - 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.L) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.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.

XUEB.LEMDL.LDifference

Sharpe ratio

Return per unit of total volatility

1.54

1.35

+0.19

Sortino ratio

Return per unit of downside risk

2.19

1.90

+0.29

Omega ratio

Gain probability vs. loss probability

1.32

1.25

+0.07

Calmar ratio

Return relative to maximum drawdown

2.26

1.34

+0.92

Martin ratio

Return relative to average drawdown

9.82

5.96

+3.87

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.L vs. EMDL.L - Sharpe Ratio Comparison

The current XUEB.L Sharpe Ratio is 1.54, which is comparable to the EMDL.L Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of XUEB.L and EMDL.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XUEB.LEMDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

1.35

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

1.10

—

—

Correlation

The correlation between XUEB.L and EMDL.L is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XUEB.L vs. EMDL.L - Dividend Comparison

XUEB.L has not paid dividends to shareholders, while EMDL.L's dividend yield for the trailing twelve months is around 5.09%.

TTM20252024202320222021202020192018201720162015
XUEB.L
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%0.00%
EMDL.L
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF		5.09%4.87%251.85%4.23%4.03%4.01%3.97%4.56%4.06%4.92%4.02%5.26%

Drawdowns

XUEB.L vs. EMDL.L - Drawdown Comparison

The maximum XUEB.L drawdown since its inception was -14.08%, smaller than the maximum EMDL.L drawdown of -161.18%. Use the drawdown chart below to compare losses from any high point for XUEB.L and EMDL.L.

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Drawdown Indicators

XUEB.LEMDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.08%

-162.74%

+148.66%

Max Drawdown (1Y)

Largest decline over 1 year

-5.06%

-4.91%

-0.15%

Max Drawdown (5Y)

Largest decline over 5 years

—

-176.16%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-170.15%

—

Current Drawdown

Current decline from peak

-2.86%

-122.82%

+119.96%

Average Drawdown

Average peak-to-trough decline

-2.15%

-80.35%

+78.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

1.22%

-0.18%

Volatility

XUEB.L vs. EMDL.L - Volatility Comparison

The current volatility for Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L) is 2.57%, while SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDL.L) has a volatility of 3.37%. This indicates that XUEB.L experiences smaller price fluctuations and is considered to be less risky than EMDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XUEB.LEMDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.57%

3.37%

-0.80%

Volatility (6M)

Calculated over the trailing 6-month period

3.66%

5.07%

-1.41%

Volatility (1Y)

Calculated over the trailing 1-year period

6.50%

7.08%

-0.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.62%

76.06%

-67.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.62%

54.20%

-45.58%