XUEE.DE vs. XQUD.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds from Xtrackers - XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged) while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, XUEE.DE returned 7.16%/yr vs 2.35%/yr for XQUD.DE. At a 0.48 correlation, their price movements are largely independent. XUEE.DE charges 0.40%/yr vs 0.45%/yr for XQUD.DE.
Performance
XUEE.DE vs. XQUD.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 XQUD.DE's 1.98% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- -0.23%
- YTD
- 1.11%
- 6M
- 1.45%
- 1Y
- 8.89%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.09%
- YTD
- 1.98%
- 6M
- 0.94%
- 1Y
- 6.30%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
XUEE.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.11% | 10.44% | 3.34% | 7.63% | 1.33% |
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 XUEE.DE and XQUD.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.48 |
Over the past year, the correlation between XUEE.DE and XQUD.DE has dropped to 0.25 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
XUEE.DE vs. XQUD.DE — Risk / Return Rank
XUEE.DE
XQUD.DE
XUEE.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 EUR Hedged (XUEE.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.
| XUEE.DE | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.56 | +0.47 |
| Martin ratioReturn relative to average drawdown | 7.91 | 4.64 | +3.27 |
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 | XQUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.04 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.29 | -0.36 |
Drawdowns
XUEE.DE vs. XQUD.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, 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 XUEE.DE and XQUD.DE.
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Drawdown Indicators
| XUEE.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -12.01% | -18.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -3.84% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -11.40% | +2.83% |
Current DrawdownCurrent decline from peak | -4.52% | -2.99% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -5.54% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.30% | -0.19% |
Volatility
XUEE.DE vs. XQUD.DE - Volatility Comparison
Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) has a higher volatility of 1.82% compared to Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) at 1.12%. This indicates that XUEE.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
| XUEE.DE | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.12% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.74% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 5.77% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 7.98% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 7.98% | +1.16% |
XUEE.DE vs. XQUD.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is lower than XQUD.DE's 0.45% expense ratio.
Dividends
XUEE.DE vs. XQUD.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while XQUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 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 XQUD.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEE.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for XQUD.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Their fees differ too: 0.40% for XUEE.DE and 0.45% for XQUD.DE.
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