XUEB.L vs. VEMA.L
Compare and contrast key facts about Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L) and Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L).
XUEB.L and VEMA.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. VEMA.L is a passively managed fund by Vanguard that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Feb 19, 2019. Both XUEB.L and VEMA.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. VEMA.L - Performance Comparison
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XUEB.L vs. VEMA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUEB.L Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | -0.72% | 13.61% | 6.10% | 11.06% | 5.53% |
VEMA.L Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating | -1.19% | 12.01% | 6.31% | 8.90% | 4.54% |
Different Trading Currencies
XUEB.L is traded in USD, while VEMA.L is traded in GBP. To make them comparable, the VEMA.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 VEMA.L's -1.19% return.
XUEB.L
- 1D
- 1.04%
- 1M
- -2.05%
- YTD
- -0.72%
- 6M
- 2.15%
- 1Y
- 10.04%
- 3Y*
- 9.09%
- 5Y*
- —
- 10Y*
- —
VEMA.L
- 1D
- 0.50%
- 1M
- -2.42%
- YTD
- -1.19%
- 6M
- 1.61%
- 1Y
- 7.82%
- 3Y*
- 7.99%
- 5Y*
- 2.23%
- 10Y*
- —
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XUEB.L vs. VEMA.L - Expense Ratio Comparison
Both XUEB.L and VEMA.L 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%.
Return for Risk
XUEB.L vs. VEMA.L — Risk / Return Rank
XUEB.L
VEMA.L
XUEB.L vs. VEMA.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 Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.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.L | VEMA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 1.16 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.19 | 1.62 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.89 | +0.37 |
Martin ratioReturn relative to average drawdown | 9.82 | 7.97 | +1.85 |
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.L | VEMA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.16 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.33 | +0.77 |
Correlation
The correlation between XUEB.L and VEMA.L is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XUEB.L vs. VEMA.L - Dividend Comparison
Neither XUEB.L nor VEMA.L has paid dividends to shareholders.
Drawdowns
XUEB.L vs. VEMA.L - Drawdown Comparison
The maximum XUEB.L drawdown since its inception was -14.08%, smaller than the maximum VEMA.L drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for XUEB.L and VEMA.L.
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Drawdown Indicators
| XUEB.L | VEMA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.08% | -14.59% | +0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -4.57% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.41% | — |
Current DrawdownCurrent decline from peak | -2.86% | -2.14% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -6.38% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.90% | -0.86% |
Volatility
XUEB.L vs. VEMA.L - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF 2C (XUEB.L) has a higher volatility of 2.57% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Accumulating (VEMA.L) at 2.18%. This indicates that XUEB.L's price experiences larger fluctuations and is considered to be riskier than VEMA.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.L | VEMA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.18% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 3.84% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.50% | 6.76% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 8.06% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 9.36% | -0.74% |