XUEM.DE vs. XQUD.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds from Xtrackers - XUEM.DE tracks the JPM EMBI Global Diversified TR USD while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, XUEM.DE returned 6.62%/yr vs 2.35%/yr for XQUD.DE. Their correlation of 0.93 suggests significant overlap in exposure. XUEM.DE charges 0.25%/yr vs 0.45%/yr for XQUD.DE.
Performance
XUEM.DE vs. XQUD.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 XQUD.DE's 1.98% 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*
- —
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.09%
- YTD
- 1.98%
- 6M
- 0.94%
- 1Y
- 6.30%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
XUEM.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 3.29% | 0.43% | 11.58% | 6.72% | 2.03% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
Correlation
The correlation between XUEM.DE and XQUD.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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.93 |
The correlation between XUEM.DE and XQUD.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
XUEM.DE vs. XQUD.DE — Risk / Return Rank
XUEM.DE
XQUD.DE
XUEM.DE vs. XQUD.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 (XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.56 | +1.96 |
| Martin ratioReturn relative to average drawdown | 10.09 | 4.64 | +5.45 |
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 | XQUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.04 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.29 | -0.01 |
Drawdowns
XUEM.DE vs. XQUD.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.83%, which is greater than XQUD.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and XQUD.DE.
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Drawdown Indicators
| XUEM.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.83% | -12.01% | -14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.84% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -11.40% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | — | — |
Current DrawdownCurrent decline from peak | -2.82% | -2.99% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -5.54% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.30% | -0.35% |
Volatility
XUEM.DE vs. XQUD.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 (XQUD.DE) has a volatility of 1.12%. This indicates that XUEM.DE experiences smaller price fluctuations and is considered to be less risky than XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.12% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.74% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.77% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 7.98% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 7.98% | +2.46% |
XUEM.DE vs. XQUD.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is lower than XQUD.DE's 0.45% expense ratio.
Dividends
XUEM.DE vs. XQUD.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 4.46%, while XQUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 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 | 4.46% | 4.97% | 6.06% | 5.00% | 5.62% | 6.82% | 4.07% | 0.54% |
Frequently Asked Questions
With a correlation of 0.92, XUEM.DE and XQUD.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 XQUD.DE.
XUEM.DE tracks JPM EMBI Global Diversified TR USD, while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Their fees differ too: 0.25% for XUEM.DE and 0.45% for XQUD.DE.
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