XZEM.DE vs. EDM2.DE
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders while EDM2.DE tracks the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 5 years, XZEM.DE returned 3.16%/yr vs 7.61%/yr for EDM2.DE. Their correlation of 0.94 suggests significant overlap in exposure. XZEM.DE charges 0.25%/yr vs 0.18%/yr for EDM2.DE.
Performance
XZEM.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEM.DE achieves a 14.11% return, which is significantly lower than EDM2.DE's 28.33% return.
XZEM.DE
- 1D
- 0.74%
- 1M
- 2.54%
- YTD
- 14.11%
- 6M
- 15.27%
- 1Y
- 27.57%
- 3Y*
- 15.53%
- 5Y*
- 3.16%
- 10Y*
- —
EDM2.DE
- 1D
- 0.59%
- 1M
- 3.04%
- YTD
- 28.33%
- 6M
- 30.31%
- 1Y
- 46.79%
- 3Y*
- 21.35%
- 5Y*
- 7.61%
- 10Y*
- —
XZEM.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 14.11% | 16.53% | 16.93% | 0.18% | -14.31% | -4.19% | 6.11% | 9.83% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 28.33% | 19.78% | 13.37% | 4.74% | -16.09% | 4.73% | 7.76% | 7.69% |
Correlation
The correlation between XZEM.DE and EDM2.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 | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019 | 0.94 |
The correlation between XZEM.DE and EDM2.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
XZEM.DE vs. EDM2.DE — Risk / Return Rank
XZEM.DE
EDM2.DE
XZEM.DE vs. EDM2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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.
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.
| XZEM.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 4.29 | -1.69 |
| Martin ratioReturn relative to average drawdown | 8.13 | 14.78 | -6.65 |
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Drawdowns
XZEM.DE vs. EDM2.DE - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.17%, which is greater than EDM2.DE's maximum drawdown of -32.34%. Use the drawdown chart below to compare losses from any high point for XZEM.DE and EDM2.DE.
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Drawdown Indicators
| XZEM.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.17% | -32.34% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -10.86% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -19.46% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -25.47% | -7.27% |
Current DrawdownCurrent decline from peak | -4.82% | -3.97% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -16.69% | -11.03% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.16% | +0.22% |
Volatility
XZEM.DE vs. EDM2.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) have volatilities of 9.10% and 8.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEM.DE | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 8.97% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 16.91% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 19.22% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 17.21% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 19.33% | +1.87% |
XZEM.DE vs. EDM2.DE - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is higher than EDM2.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XZEM.DE vs. EDM2.DE - Dividend Comparison
Neither XZEM.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XZEM.DE and EDM2.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, EDM2.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM2.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XZEM.DE.
XZEM.DE tracks MSCI Emerging Markets Low Carbon SRI Leaders, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XZEM.DE and 0.18% for EDM2.DE.
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