XZEM.DE vs. IQQE.DE
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and IQQE.DE (iShares MSCI EM UCITS ETF (Dist)) are both Emerging Markets Equities funds - XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders while IQQE.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, XZEM.DE returned 3.14%/yr vs 8.39%/yr for IQQE.DE. With a 0.95 correlation, they move nearly in lockstep. XZEM.DE charges 0.25%/yr vs 0.18%/yr for IQQE.DE.
Performance
XZEM.DE vs. IQQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEM.DE achieves a 11.70% return, which is significantly lower than IQQE.DE's 27.09% return.
XZEM.DE
- 1D
- -1.27%
- 1M
- 1.22%
- YTD
- 11.70%
- 6M
- 11.70%
- 1Y
- 27.23%
- 3Y*
- 14.21%
- 5Y*
- 3.14%
- 10Y*
- —
IQQE.DE
- 1D
- -1.70%
- 1M
- 6.32%
- YTD
- 27.09%
- 6M
- 28.99%
- 1Y
- 49.76%
- 3Y*
- 20.70%
- 5Y*
- 8.39%
- 10Y*
- 9.82%
XZEM.DE vs. IQQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 11.70% | 16.53% | 16.91% | 0.19% | -14.31% | -4.19% | 6.11% | 9.91% |
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 27.09% | 19.76% | 13.75% | 5.63% | -14.17% | 4.20% | 7.47% | 8.85% |
Correlation
The correlation between XZEM.DE and IQQE.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2019 | 0.95 |
The correlation between XZEM.DE and IQQE.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
XZEM.DE vs. IQQE.DE — Risk / Return Rank
XZEM.DE
IQQE.DE
XZEM.DE vs. IQQE.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 UCITS ETF (Dist) (IQQE.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.
| XZEM.DE | IQQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.50 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.59 | -2.02 |
| Martin ratioReturn relative to average drawdown | 8.36 | 16.67 | -8.32 |
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
| XZEM.DE | IQQE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.78 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.49 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.27 | +0.02 |
Drawdowns
XZEM.DE vs. IQQE.DE - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.16%, smaller than the maximum IQQE.DE drawdown of -59.33%. Use the drawdown chart below to compare losses from any high point for XZEM.DE and IQQE.DE.
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Drawdown Indicators
| XZEM.DE | IQQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -59.33% | +22.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -10.78% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -19.41% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -24.02% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.66% | — |
Current DrawdownCurrent decline from peak | -3.21% | -2.60% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -12.99% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.98% | +0.27% |
Volatility
XZEM.DE vs. IQQE.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) is 5.92%, while iShares MSCI EM UCITS ETF (Dist) (IQQE.DE) has a volatility of 7.24%. This indicates that XZEM.DE experiences smaller price fluctuations and is considered to be less risky than IQQE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEM.DE | IQQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 7.24% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 15.03% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 17.83% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 16.78% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 18.33% | +2.39% |
XZEM.DE vs. IQQE.DE - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is higher than IQQE.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. IQQE.DE - Dividend Comparison
XZEM.DE has not paid dividends to shareholders, while IQQE.DE's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 1.49% | 1.87% | 2.19% | 2.34% | 2.91% | 1.99% | 1.53% | 1.75% | 1.94% | 1.42% | 1.83% | 2.22% |
XZEM.DE Xtrackers MSCI Emerging Markets ESG 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
With a correlation of 0.93, XZEM.DE and IQQE.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, IQQE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQE.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 IQQE.DE tracks MSCI Emerging Markets. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XZEM.DE and 0.18% for IQQE.DE.
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