XUEE.DE vs. EXUS.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - XUEE.DE is a Emerging Markets Bonds fund tracking the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, XUEE.DE returned 8.78% vs 20.06% for EXUS.DE. At a 0.45 correlation, their price movements are largely independent. XUEE.DE charges 0.40%/yr vs 0.15%/yr for EXUS.DE.
Performance
XUEE.DE vs. EXUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEE.DE achieves a 1.11% return, which is significantly lower than EXUS.DE's 9.64% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
EXUS.DE
- 1D
- 0.19%
- 1M
- 1.53%
- YTD
- 9.64%
- 6M
- 11.66%
- 1Y
- 20.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XUEE.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.11% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 9.64% | 17.80% | 5.15% |
Correlation
The correlation between XUEE.DE and EXUS.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.45 |
The correlation between XUEE.DE and EXUS.DE has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
XUEE.DE vs. EXUS.DE — Risk / Return Rank
XUEE.DE
EXUS.DE
XUEE.DE vs. EXUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.
| XUEE.DE | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.30 | -0.28 |
| Martin ratioReturn relative to average drawdown | 7.91 | 9.01 | -1.10 |
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
| XUEE.DE | EXUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.62 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 1.10 | -1.17 |
Drawdowns
XUEE.DE vs. EXUS.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and EXUS.DE.
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Drawdown Indicators
| XUEE.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -16.21% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -8.68% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | — | — |
Current DrawdownCurrent decline from peak | -4.52% | -0.76% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -1.78% | -13.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.23% | -1.12% |
Volatility
XUEE.DE vs. EXUS.DE - Volatility Comparison
The current volatility for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) is 1.82%, while Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) has a volatility of 3.28%. This indicates that XUEE.DE experiences smaller price fluctuations and is considered to be less risky than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEE.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 3.28% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 10.06% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 12.37% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 13.39% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 13.39% | -4.25% |
XUEE.DE vs. EXUS.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is higher than EXUS.DE's 0.15% expense ratio.
Dividends
XUEE.DE vs. EXUS.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while EXUS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% |
Frequently Asked Questions
XUEE.DE and EXUS.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for XUEE.DE.
XUEE.DE is categorized as Emerging Markets Bonds, while EXUS.DE is Global Equities. XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.40% for XUEE.DE and 0.15% for EXUS.DE.
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