XUEM.DE vs. XQUA.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds from Xtrackers tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, XUEM.DE returned 2.28%/yr vs 0.43%/yr for XQUA.DE. Their correlation of 0.93 suggests significant overlap in exposure. XUEM.DE charges 0.25%/yr vs 0.45%/yr for XQUA.DE.
Performance
XUEM.DE vs. XQUA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEM.DE achieves a 3.29% return, which is significantly higher than XQUA.DE's 1.67% return.
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.15%
- YTD
- 3.29%
- 6M
- 2.78%
- 1Y
- 9.90%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
XQUA.DE
- 1D
- -0.04%
- 1M
- 1.14%
- YTD
- 1.67%
- 6M
- 0.76%
- 1Y
- 5.29%
- 3Y*
- 1.89%
- 5Y*
- 0.43%
- 10Y*
- 1.37%
XUEM.DE vs. XQUA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | -14.47% | 4.14% | -6.64% | 17.85% | 4.17% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 1.67% | -1.83% | 4.80% | 3.61% | -12.81% | 6.04% | -3.38% | 17.25% | 4.83% |
Correlation
The correlation between XUEM.DE and XQUA.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 17, 2018 | 0.93 |
The correlation between XUEM.DE and XQUA.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
XUEM.DE vs. XQUA.DE — Risk / Return Rank
XUEM.DE
XQUA.DE
XUEM.DE vs. XQUA.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 ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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.
| XUEM.DE | XQUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.16 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.28 | +2.24 |
| Martin ratioReturn relative to average drawdown | 10.09 | 3.54 | +6.55 |
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
| XUEM.DE | XQUA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.91 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.05 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.16 | +0.12 |
Drawdowns
XUEM.DE vs. XQUA.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.83%, which is greater than XQUA.DE's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and XQUA.DE.
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Drawdown Indicators
| XUEM.DE | XQUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.83% | -20.18% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -4.12% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -11.44% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -16.68% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.18% | — |
Current DrawdownCurrent decline from peak | -2.82% | -8.97% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -8.61% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.49% | -0.54% |
Volatility
XUEM.DE vs. XQUA.DE - Volatility Comparison
The current volatility for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) is 1.06%, while Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) has a volatility of 1.13%. This indicates that XUEM.DE experiences smaller price fluctuations and is considered to be less risky than XQUA.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 | XQUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.13% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.85% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.82% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.31% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 8.85% | +1.59% |
XUEM.DE vs. XQUA.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is lower than XQUA.DE's 0.45% expense ratio.
Dividends
XUEM.DE vs. XQUA.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 4.46%, more than XQUA.DE's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.90% | 4.38% | 4.01% | 4.02% | 6.75% | 3.16% | 4.33% | 3.72% | 2.50% | 3.53% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, XUEM.DE and XQUA.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, XUEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for XQUA.DE.
Both ETFs track JPM EMBI Global Diversified TR USD. Their fees differ too: 0.25% for XUEM.DE and 0.45% for XQUA.DE.
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