XXSC.L vs. SEML.L
XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 10 years, XXSC.L returned 8.53%/yr vs 3.00%/yr for SEML.L. At a 0.40 correlation, their price movements are largely independent. XXSC.L charges 0.30%/yr vs 0.50%/yr for SEML.L.
Performance
XXSC.L vs. SEML.L - Performance Comparison
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Different Trading Currencies
XXSC.L is traded in GBp, while SEML.L is traded in GBP. To make them comparable, the SEML.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XXSC.L achieves a 5.26% return, which is significantly higher than SEML.L's 0.36% return. Over the past 10 years, XXSC.L has outperformed SEML.L with an annualized return of 8.53%, while SEML.L has yielded a comparatively lower 3.00% annualized return.
XXSC.L
- 1D
- -0.30%
- 1M
- 0.21%
- YTD
- 5.26%
- 6M
- 8.24%
- 1Y
- 13.79%
- 3Y*
- 11.49%
- 5Y*
- 3.91%
- 10Y*
- 8.53%
SEML.L
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- 0.36%
- 6M
- 0.73%
- 1Y
- 9.22%
- 3Y*
- 4.14%
- 5Y*
- 1.89%
- 10Y*
- 3.00%
XXSC.L vs. SEML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 5.26% | 22.28% | 0.76% | 10.44% | -17.50% | 15.39% | 10.55% | 24.37% | -14.57% | 23.35% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 0.36% | 10.31% | -1.19% | 5.42% | -0.23% | -9.48% | -1.55% | 8.21% | 0.03% | 4.91% |
Correlation
The correlation between XXSC.L and SEML.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2011 | 0.40 |
The correlation between XXSC.L and SEML.L shifts across timeframes, from 0.24 (5 years) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XXSC.L vs. SEML.L — Risk / Return Rank
XXSC.L
SEML.L
XXSC.L vs. SEML.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.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.
| XXSC.L | SEML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.92 | -0.65 |
| Martin ratioReturn relative to average drawdown | 4.55 | 5.61 | -1.07 |
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
| XXSC.L | SEML.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.63 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.25 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.32 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.07 | +0.18 |
Drawdowns
XXSC.L vs. SEML.L - Drawdown Comparison
The maximum XXSC.L drawdown since its inception was -74.17%, which is greater than SEML.L's maximum drawdown of -46.67%. Use the drawdown chart below to compare losses from any high point for XXSC.L and SEML.L.
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Drawdown Indicators
| XXSC.L | SEML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.17% | -46.67% | -27.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -4.78% | -6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -4.78% | -14.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -11.11% | -19.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -21.24% | -14.51% |
Current DrawdownCurrent decline from peak | -2.53% | -13.11% | +10.58% |
Average DrawdownAverage peak-to-trough decline | -20.68% | -26.82% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 1.64% | +1.38% |
Volatility
XXSC.L vs. SEML.L - Volatility Comparison
Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a higher volatility of 3.51% compared to iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) at 1.81%. This indicates that XXSC.L's price experiences larger fluctuations and is considered to be riskier than SEML.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XXSC.L | SEML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 1.81% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 4.39% | +6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 5.65% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 7.46% | +13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 9.50% | +8.83% |
XXSC.L vs. SEML.L - Expense Ratio Comparison
XXSC.L has a 0.30% expense ratio, which is lower than SEML.L's 0.50% expense ratio.
Dividends
XXSC.L vs. SEML.L - Dividend Comparison
XXSC.L has not paid dividends to shareholders, while SEML.L's dividend yield for the trailing twelve months is around 6.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 6.89% | 5.44% | 5.56% | 5.05% | 5.25% | 4.58% | 5.13% | 5.44% | 7.30% | 6.75% | 6.78% | 5.18% |
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XXSC.L and SEML.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XXSC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XXSC.L is cheaper with a 0.30% expense ratio, compared with 0.50% for SEML.L.
XXSC.L is categorized as Europe Equities, while SEML.L is Emerging Markets Bonds. XXSC.L tracks MSCI Europe Small Cap NR EUR, while SEML.L tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.30% for XXSC.L and 0.50% for SEML.L.
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