XUEE.DE vs. XQUE.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) 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 XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged). Both are passively managed. Over the past 3 years, XUEE.DE returned 7.16%/yr vs 2.56%/yr for XQUE.DE. Their correlation of 0.93 suggests significant overlap in exposure. XUEE.DE charges 0.40%/yr vs 0.50%/yr for XQUE.DE.
Performance
XUEE.DE vs. XQUE.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 higher than XQUE.DE's -0.31% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- 0.45%
- YTD
- 1.11%
- 6M
- 1.53%
- 1Y
- 8.78%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XQUE.DE
- 1D
- 0.16%
- 1M
- 0.38%
- YTD
- -0.31%
- 6M
- -0.46%
- 1Y
- 4.89%
- 3Y*
- 2.56%
- 5Y*
- -2.64%
- 10Y*
- —
XUEE.DE vs. XQUE.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% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | 0.32% |
Correlation
The correlation between XUEE.DE and XQUE.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.93 |
The correlation between XUEE.DE and XQUE.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
XUEE.DE vs. XQUE.DE — Risk / Return Rank
XUEE.DE
XQUE.DE
XUEE.DE vs. XQUE.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 EUR Hedged (XQUE.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 | XQUE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.10 | +0.92 |
| Martin ratioReturn relative to average drawdown | 7.91 | 3.42 | +4.49 |
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 | XQUE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.96 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.11 | +0.04 |
Drawdowns
XUEE.DE vs. XQUE.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, which is greater than XQUE.DE's maximum drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and XQUE.DE.
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Drawdown Indicators
| XUEE.DE | XQUE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -29.15% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -4.41% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -8.94% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.28% | — |
Current DrawdownCurrent decline from peak | -4.52% | -15.48% | +10.96% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -11.68% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.43% | -0.32% |
Volatility
XUEE.DE vs. XQUE.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 EUR Hedged (XQUE.DE) at 1.67%. This indicates that XUEE.DE's price experiences larger fluctuations and is considered to be riskier than XQUE.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 | XQUE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.67% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 4.08% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 5.07% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.36% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 9.00% | +0.14% |
XUEE.DE vs. XQUE.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is lower than XQUE.DE's 0.50% expense ratio.
Dividends
XUEE.DE vs. XQUE.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, more than XQUE.DE's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 3.79% | 4.16% | 4.20% | 3.82% | 7.06% | 3.21% | 9.32% | 3.88% | 1.02% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 4.31% | 4.86% | 6.00% | 4.45% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, XUEE.DE and XQUE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.50% for XQUE.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged). Their fees differ too: 0.40% for XUEE.DE and 0.50% for XQUE.DE.
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