XUEM.DE vs. XDEW.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XUEM.DE is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, XUEM.DE returned 2.37%/yr vs 9.45%/yr for XDEW.DE. At a 0.44 correlation, their price movements are largely independent. XUEM.DE charges 0.25%/yr vs 0.20%/yr for XDEW.DE.
Performance
XUEM.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEM.DE achieves a 5.37% return, which is significantly lower than XDEW.DE's 14.15% 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*
- —
XDEW.DE
- 1D
- -0.02%
- 1M
- 1.80%
- 6M
- 10.18%
- YTD
- 14.15%
- 1Y
- 19.97%
- 3Y*
- 12.88%
- 5Y*
- 9.45%
- 10Y*
- 11.05%
XUEM.DE vs. XDEW.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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.15% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.17% |
Correlation
The correlation between XUEM.DE and XDEW.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 9, 2018 | 0.44 |
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Return for Risk
XUEM.DE vs. XDEW.DE — Risk / Return Rank
XUEM.DE
XDEW.DE
XUEM.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 3.93 | +0.73 |
| Martin ratioReturn relative to average drawdown | 13.83 | 12.11 | +1.72 |
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Drawdowns
XUEM.DE vs. XDEW.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.81%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and XDEW.DE.
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Drawdown Indicators
| XUEM.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.81% | -38.79% | +11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -5.06% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -22.70% | +9.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -22.70% | +5.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.92% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -5.33% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.65% | -0.74% |
Volatility
XUEM.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) is 1.44%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.73%. This indicates that XUEM.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEM.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.73% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 6.91% | -3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 10.64% | -4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.72% | 14.91% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.74% | 16.80% | -5.06% |
XUEM.DE vs. XDEW.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUEM.DE vs. XDEW.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 5.12%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
XUEM.DE and XDEW.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XUEM.DE.
XUEM.DE is categorized as Emerging Markets Bonds, while XDEW.DE is S&P 500. XUEM.DE tracks JPM EMBI Global Diversified TR USD, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.25% for XUEM.DE and 0.20% for XDEW.DE.
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