XZEM.DE vs. SPYM.DE
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders while SPYM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, XZEM.DE returned 3.14%/yr vs 8.45%/yr for SPYM.DE. Their correlation of 0.95 suggests significant overlap in exposure. XZEM.DE charges 0.25%/yr vs 0.18%/yr for SPYM.DE.
Performance
XZEM.DE vs. SPYM.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 SPYM.DE's 27.39% return.
XZEM.DE
- 1D
- -1.27%
- 1M
- -0.90%
- YTD
- 11.70%
- 6M
- 10.81%
- 1Y
- 26.52%
- 3Y*
- 14.21%
- 5Y*
- 3.14%
- 10Y*
- —
SPYM.DE
- 1D
- -1.63%
- 1M
- 3.70%
- YTD
- 27.39%
- 6M
- 27.92%
- 1Y
- 48.95%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
XZEM.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 9.26% |
Correlation
The correlation between XZEM.DE and SPYM.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 SPYM.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. SPYM.DE — Risk / Return Rank
XZEM.DE
SPYM.DE
XZEM.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.50 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.80 | -2.23 |
| Martin ratioReturn relative to average drawdown | 8.36 | 17.28 | -8.92 |
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 | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.79 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.50 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.34 | -0.06 |
Drawdowns
XZEM.DE vs. SPYM.DE - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.16%, roughly equal to the maximum SPYM.DE drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for XZEM.DE and SPYM.DE.
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Drawdown Indicators
| XZEM.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -36.28% | -0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -10.38% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -18.96% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -23.86% | -8.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.69% | — |
Current DrawdownCurrent decline from peak | -3.21% | -2.74% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -9.95% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.89% | +0.36% |
Volatility
XZEM.DE vs. SPYM.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) is 5.92%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that XZEM.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 7.34% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 15.16% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 17.87% | -0.84% |
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% | 18.40% | +2.32% |
XZEM.DE vs. SPYM.DE - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is higher than SPYM.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. SPYM.DE - Dividend Comparison
Neither XZEM.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XZEM.DE and SPYM.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, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.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 SPYM.DE tracks MSCI Emerging Markets. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XZEM.DE and 0.18% for SPYM.DE.
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