XUEE.DE vs. XDWD.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) 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 XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, XUEE.DE returned 7.16%/yr vs 17.56%/yr for XDWD.DE. At a 0.40 correlation, their price movements are largely independent. XUEE.DE charges 0.40%/yr vs 0.19%/yr for XDWD.DE.
Performance
XUEE.DE vs. XDWD.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 XDWD.DE's 10.91% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XDWD.DE
- 1D
- -0.01%
- 1M
- 3.63%
- YTD
- 10.91%
- 6M
- 10.96%
- 1Y
- 23.80%
- 3Y*
- 17.56%
- 5Y*
- 12.89%
- 10Y*
- 12.83%
XUEE.DE vs. XDWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | -21.79% | -0.09% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 10.91% | 7.85% | 25.98% | 20.18% | -13.67% | 6.31% |
Correlation
The correlation between XUEE.DE and XDWD.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.40 |
The correlation between XUEE.DE and XDWD.DE shifts across timeframes, from 0.35 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XUEE.DE vs. XDWD.DE — Risk / Return Rank
XUEE.DE
XDWD.DE
XUEE.DE vs. XDWD.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 UCITS ETF 1C (XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.63 | -1.60 |
| Martin ratioReturn relative to average drawdown | 7.91 | 14.44 | -6.53 |
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 | XDWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.14 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.78 | -0.85 |
Drawdowns
XUEE.DE vs. XDWD.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, smaller than the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and XDWD.DE.
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Drawdown Indicators
| XUEE.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -33.55% | +2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -6.54% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -21.64% | +13.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -4.52% | -0.33% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -4.55% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.65% | -0.54% |
Volatility
XUEE.DE vs. XDWD.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 UCITS ETF 1C (XDWD.DE) has a volatility of 2.60%. This indicates that XUEE.DE experiences smaller price fluctuations and is considered to be less risky than XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 2.60% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 7.77% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 11.12% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 14.13% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 15.16% | -6.02% |
XUEE.DE vs. XDWD.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is higher than XDWD.DE's 0.19% expense ratio.
Dividends
XUEE.DE vs. XDWD.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while XDWD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 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 XDWD.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWD.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWD.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for XUEE.DE.
XUEE.DE is categorized as Emerging Markets Bonds, while XDWD.DE is Global Equities. XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while XDWD.DE tracks MSCI World. Their fees differ too: 0.40% for XUEE.DE and 0.19% for XDWD.DE.
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