XUEM.L vs. TAHY.L
XUEM.L (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - XUEM.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, XUEM.L returned 8.95%/yr vs 8.17%/yr for TAHY.L. At a 0.23 correlation, their price movements are largely independent. XUEM.L charges 0.25%/yr vs 0.60%/yr for TAHY.L.
Performance
XUEM.L vs. TAHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUEM.L achieves a 2.49% return, which is significantly lower than TAHY.L's 3.88% return.
XUEM.L
- 1D
- 0.08%
- 1M
- -0.66%
- 6M
- 2.32%
- YTD
- 2.49%
- 1Y
- 10.74%
- 3Y*
- 8.95%
- 5Y*
- 1.71%
- 10Y*
- —
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
XUEM.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUEM.L Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 2.49% | 13.60% | 5.99% | 10.90% | -19.40% | -2.45% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between XUEM.L and TAHY.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.23 |
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Return for Risk
XUEM.L vs. TAHY.L — Risk / Return Rank
XUEM.L
TAHY.L
XUEM.L vs. TAHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L). 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.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.59 | +0.18 |
| Martin ratioReturn relative to average drawdown | 11.66 | 7.38 | +4.29 |
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Drawdowns
XUEM.L vs. TAHY.L - Drawdown Comparison
The maximum XUEM.L drawdown since its inception was -29.93%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for XUEM.L and TAHY.L.
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Drawdown Indicators
| XUEM.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.93% | -51.61% | +21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -2.57% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -8.11% | -9.81% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.93% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -17.10% | +16.36% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -26.81% | +19.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.91% | +0.01% |
Volatility
XUEM.L vs. TAHY.L - Volatility Comparison
The current volatility for Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.L) is 0.85%, while Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a volatility of 1.07%. This indicates that XUEM.L experiences smaller price fluctuations and is considered to be less risky than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEM.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.07% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 2.83% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 3.64% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 13.09% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 13.09% | -2.42% |
XUEM.L vs. TAHY.L - Expense Ratio Comparison
XUEM.L has a 0.25% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
XUEM.L vs. TAHY.L - Dividend Comparison
XUEM.L's dividend yield for the trailing twelve months is around 5.22%, while TAHY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEM.L Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.22% | 5.30% | 6.79% | 5.27% | 5.91% | 8.49% | 4.18% | 0.61% |
Frequently Asked Questions
XUEM.L and TAHY.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEM.L is cheaper with a 0.25% expense ratio, compared with 0.60% for TAHY.L.
XUEM.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. XUEM.L tracks JPM EMBI Global Diversified TR USD, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: Xtrackers and Janus Henderson. Their fees differ too: 0.25% for XUEM.L and 0.60% for TAHY.L.
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