XUEM.DE vs. XQUE.DE
XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and XQUE.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged) are both Emerging Markets Bonds funds from Xtrackers - XUEM.DE tracks the JPM EMBI Global Diversified TR USD while XQUE.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged). Both are passively managed. Over the past 5 years, XUEM.DE returned 2.28%/yr vs -2.64%/yr for XQUE.DE. A 0.56 correlation means they provide meaningful diversification when combined. XUEM.DE charges 0.25%/yr vs 0.50%/yr for XQUE.DE.
Performance
XUEM.DE vs. XQUE.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 XQUE.DE's -0.31% return.
XUEM.DE
- 1D
- -0.07%
- 1M
- 1.53%
- YTD
- 3.29%
- 6M
- 3.01%
- 1Y
- 9.59%
- 3Y*
- 6.62%
- 5Y*
- 2.28%
- 10Y*
- —
XQUE.DE
- 1D
- 0.16%
- 1M
- 0.38%
- YTD
- -0.31%
- 6M
- -0.46%
- 1Y
- 4.89%
- 3Y*
- 2.56%
- 5Y*
- -2.64%
- 10Y*
- —
XUEM.DE vs. XQUE.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% |
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | -0.31% | 8.00% | -2.63% | 4.56% | -20.08% | -3.52% | 3.67% | 11.11% | -0.14% |
Correlation
The correlation between XUEM.DE and XQUE.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 17, 2018 | 0.56 |
Over the past year, the correlation between XUEM.DE and XQUE.DE has dropped to 0.31 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
XUEM.DE vs. XQUE.DE — Risk / Return Rank
XUEM.DE
XQUE.DE
XUEM.DE vs. XQUE.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 EUR Hedged (XQUE.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 | XQUE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.10 | +2.41 |
| Martin ratioReturn relative to average drawdown | 10.09 | 3.42 | +6.68 |
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 | XQUE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.96 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | -0.31 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | -0.11 | +0.39 |
Drawdowns
XUEM.DE vs. XQUE.DE - Drawdown Comparison
The maximum XUEM.DE drawdown since its inception was -26.83%, smaller than the maximum XQUE.DE drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for XUEM.DE and XQUE.DE.
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Drawdown Indicators
| XUEM.DE | XQUE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.83% | -29.15% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -4.41% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -8.94% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -28.28% | +10.43% |
Current DrawdownCurrent decline from peak | -2.82% | -15.48% | +12.66% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -11.68% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.43% | -0.48% |
Volatility
XUEM.DE vs. XQUE.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 EUR Hedged (XQUE.DE) has a volatility of 1.67%. This indicates that XUEM.DE experiences smaller price fluctuations and is considered to be less risky than XQUE.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 | XQUE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.67% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 4.08% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.07% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.74% | 8.36% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 9.00% | +1.44% |
XUEM.DE vs. XQUE.DE - Expense Ratio Comparison
XUEM.DE has a 0.25% expense ratio, which is lower than XQUE.DE's 0.50% expense ratio.
Dividends
XUEM.DE vs. XQUE.DE - Dividend Comparison
XUEM.DE's dividend yield for the trailing twelve months is around 4.46%, more than XQUE.DE's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XQUE.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF EUR Hedged | 3.79% | 4.16% | 4.20% | 3.82% | 7.06% | 3.21% | 9.32% | 3.88% | 1.02% |
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% |
Frequently Asked Questions
XUEM.DE and XQUE.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.50% for XQUE.DE.
XUEM.DE tracks JPM EMBI Global Diversified TR USD, while XQUE.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted (EUR Hedged). Their fees differ too: 0.25% for XUEM.DE and 0.50% for XQUE.DE.
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