XUEE.DE vs. XUEB.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and XUEB.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF 2C) 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 XUEB.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 3 years, XUEE.DE returned 7.16%/yr vs 7.25%/yr for XUEB.DE. A 0.57 correlation means they provide meaningful diversification when combined. XUEE.DE charges 0.40%/yr vs 0.25%/yr for XUEB.DE.
Performance
XUEE.DE vs. XUEB.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 XUEB.DE's 3.66% return.
XUEE.DE
- 1D
- -0.01%
- 1M
- -0.23%
- YTD
- 1.11%
- 6M
- 1.45%
- 1Y
- 8.89%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
XUEB.DE
- 1D
- -0.10%
- 1M
- 1.42%
- YTD
- 3.66%
- 6M
- 3.08%
- 1Y
- 10.76%
- 3Y*
- 7.25%
- 5Y*
- 2.85%
- 10Y*
- —
XUEE.DE vs. XUEB.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% |
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 3.66% | 1.23% | 11.99% | 7.34% | -14.37% | 3.02% |
Correlation
The correlation between XUEE.DE and XUEB.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.57 |
Over the past year, the correlation between XUEE.DE and XUEB.DE has dropped to 0.34 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
XUEE.DE vs. XUEB.DE — Risk / Return Rank
XUEE.DE
XUEB.DE
XUEE.DE vs. XUEB.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 II USD Emerging Markets Bond UCITS ETF 2C (XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.83 | -1.80 |
| Martin ratioReturn relative to average drawdown | 7.91 | 10.83 | -2.93 |
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 | XUEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.75 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.25 | -0.32 |
Drawdowns
XUEE.DE vs. XUEB.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.78%, which is greater than XUEB.DE's maximum drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and XUEB.DE.
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Drawdown Indicators
| XUEE.DE | XUEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -17.41% | -13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -2.70% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -8.57% | -13.41% | +4.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.41% | — |
Current DrawdownCurrent decline from peak | -4.52% | -0.40% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -6.25% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.96% | +0.15% |
Volatility
XUEE.DE vs. XUEB.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 II USD Emerging Markets Bond UCITS ETF 2C (XUEB.DE) at 1.29%. This indicates that XUEE.DE's price experiences larger fluctuations and is considered to be riskier than XUEB.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 | XUEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.29% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.95% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 5.93% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.74% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 8.56% | +0.58% |
XUEE.DE vs. XUEB.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is higher than XUEB.DE's 0.25% expense ratio.
Dividends
XUEE.DE vs. XUEB.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 4.31%, while XUEB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XUEB.DE Xtrackers II USD Emerging Markets Bond UCITS ETF 2C | 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 XUEB.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEB.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for XUEE.DE.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while XUEB.DE tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.40% for XUEE.DE and 0.25% for XUEB.DE.
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