XUEM.DE vs. LYQS.DE

Last updated Jul 16, 2026

XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and LYQS.DE (Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - XUEM.DE tracks the JPM EMBI Global Diversified TR USD while LYQS.DE tracks the J.P. Morgan EMBI Global Diversified Select Index. Both are passively managed. Over the past 5 years, XUEM.DE returned 2.37%/yr vs 1.45%/yr for LYQS.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

XUEM.DE vs. LYQS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) and Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XUEM.DE achieves a 5.37% return, which is significantly higher than LYQS.DE's 4.68% return.

XUEM.DE

• 1D: -0.19%
• 1M: 0.67%
• 6M: 4.45%
• YTD: 5.37%
• 1Y: 12.57%
• 3Y*: 8.38%
• 5Y*: 2.37%
• 10Y*: —

LYQS.DE

• 1D: 0.06%
• 1M: 0.64%
• 6M: 4.04%
• YTD: 4.68%
• 1Y: 11.26%
• 3Y*: 6.19%
• 5Y*: 1.45%
• 10Y*: 1.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XUEM.DE vs. LYQS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D	5.37%	1.05%	12.16%	7.17%	-14.21%	5.47%	-6.15%	17.95%	-11.62%
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)	4.68%	0.04%	6.43%	5.45%	-11.25%	5.76%	-5.23%	17.03%	6.01%

Correlation

The correlation between XUEM.DE and LYQS.DE is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 9, 2018	0.84

The correlation between XUEM.DE and LYQS.DE has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

XUEM.DE vs. LYQS.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUEM.DE

XUEM.DE Risk / Return Rank: 85
XUEM.DE Sharpe Ratio Rank: 81
XUEM.DE Sortino Ratio Rank: 84
XUEM.DE Omega Ratio Rank: 84
XUEM.DE Calmar Ratio Rank: 91
XUEM.DE Martin Ratio Rank: 85

LYQS.DE

LYQS.DE Risk / Return Rank: 79
LYQS.DE Sharpe Ratio Rank: 73
LYQS.DE Sortino Ratio Rank: 78
LYQS.DE Omega Ratio Rank: 77
LYQS.DE Calmar Ratio Rank: 87
LYQS.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XUEM.DE vs. LYQS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) and Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XUEM.DE	LYQS.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.89	+0.17
Sortino ratio: Return per unit of downside risk	3.01	2.80	+0.21
Omega ratio: Gain probability vs. loss probability	1.40	1.36	+0.04
Calmar ratio: Return relative to maximum drawdown	4.66	4.01	+0.65
Martin ratio: Return relative to average drawdown	13.83	12.39	+1.44

XUEM.DE vs. LYQS.DE - Sharpe Ratio Comparison

The current XUEM.DE Sharpe Ratio is 2.06, which is comparable to the LYQS.DE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of XUEM.DE and LYQS.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XUEM.DE vs. LYQS.DE - Drawdown Comparison

The maximum XUEM.DE drawdown since its inception was -26.81%, smaller than the maximum LYQS.DE drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and LYQS.DE.

Drawdown Indicators

	XUEM.DE	LYQS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.81%	-33.51%	+6.70%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-2.80%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-12.78%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-17.53%	-16.18%	-1.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.61%	—
Current Drawdown Current decline from peak	-1.13%	-1.53%	+0.40%
Average Drawdown Average peak-to-trough decline	-10.03%	-12.90%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.91%	0.00%

Volatility

XUEM.DE vs. LYQS.DE - Volatility Comparison

Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) and Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) have volatilities of 1.44% and 1.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUEM.DE	LYQS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	1.49%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.86%	4.00%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	6.09%	5.95%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.72%	9.62%	-0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	17.02%	-5.28%

XUEM.DE vs. LYQS.DE - Expense Ratio Comparison

Both XUEM.DE and LYQS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XUEM.DE vs. LYQS.DE - Dividend Comparison

XUEM.DE's dividend yield for the trailing twelve months is around 5.12%, which matches LYQS.DE's 5.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)	5.12%	5.36%	3.57%	6.06%	6.00%	4.33%	4.48%	5.10%	5.08%	5.40%	5.15%	6.61%
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D	5.12%	5.56%	6.56%	5.40%	5.95%	8.12%	4.58%	0.61%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XUEM.DE and LYQS.DE in my portfolio?

With a correlation of 0.90, XUEM.DE and LYQS.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.

Which ETF is better, XUEM.DE or LYQS.DE?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUEM.DE or LYQS.DE?

XUEM.DE and LYQS.DE have the same expense ratio: 0.25% per year.

What is the main difference between XUEM.DE and LYQS.DE?

XUEM.DE tracks JPM EMBI Global Diversified TR USD, while LYQS.DE tracks J.P. Morgan EMBI Global Diversified Select Index. They also come from different issuers: Xtrackers and Amundi.