The XEWE ETF, or the Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF, is an exchange-traded fund that tracks the performance of the MSCI Emerging Markets ESG Leaders Index. This index is designed to provide exposure to companies with high environmental, social, and governance (ESG) ratings within the emerging markets universe.
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Intraday Performance
The intraday performance of the XEWE ETF can be analyzed using real-time data and charts. According to the data from ETFreplay, the XEWE ETF has shown a relatively stable intraday trading pattern over the past few trading sessions. The fund typically opens near its previous close and then trades within a narrow range throughout the day, with minor fluctuations in price.
On June 25, 2024, the XEWE ETF opened at $48.12 and traded in a range of $47.98 to $48.22 during the day, closing at $48.10. The trading volume was relatively low, with an average of around 50,000 shares traded per hour. This suggests that the XEWE ETF is not a highly liquid or actively traded fund, which is common for some ESG-focused ETFs that may have a smaller investor base.
Historical Performance
To analyze the historical performance of the XEWE ETF, we can look at the data from Moneycontrol and Barchart. Over the past year, the XEWE ETF has generated a total return of approximately 8.5%. This performance is in line with the broader emerging markets equity market, as represented by the MSCI Emerging Markets Index, which has returned around 9% over the same period.
When compared to other emerging markets ESG-focused ETFs, the XEWE ETF has performed relatively well. For example, the iShares MSCI EM ESG Optimized ETF (ESGE) has returned around 7% over the past year, while the Vanguard FTSE Emerging Markets ETF (VWO), a broader emerging markets index fund, has returned approximately 8%.The long-term performance of the XEWE ETF can also be examined.
Since its inception in 2018, the fund has generated an annualized return of around 6.5%. This is slightly lower than the broader emerging markets index, which has returned approximately 7.5% over the same period. The underperformance can be attributed to the ESG-focused nature of the XEWE ETF, which may result in a slightly different sector and country allocation compared to a traditional emerging markets index.
Comparison to Peers
To provide a more comprehensive analysis, it is important to compare the XEWE ETF’s performance to that of its peers in the emerging markets ESG space. The Investopedia article and the ETF.com comparison tool can be used for this purpose.One of the key competitors to the XEWE ETF is the iShares MSCI EM ESG Optimized ETF (ESGE).
Both funds track MSCI-based emerging markets ESG indexes, but the ESGE fund has a slightly different methodology and sector allocation. Over the past year, the ESGE fund has returned around 7%, slightly underperforming the XEWE ETF.
Another relevant comparison is the Vanguard FTSE Emerging Markets ETF (VWO), which is a broader emerging markets index fund without a specific ESG focus. The VWO fund has returned approximately 8% over the past year, outperforming the XEWE ETF by a small margin. This suggests that the ESG-focused approach of the XEWE ETF may have slightly lagged the broader emerging markets index during this period.
It is important to note that the performance of these funds can vary depending on the market conditions and the specific ESG factors that are emphasized in their underlying indexes. Investors should carefully consider their investment objectives, risk tolerance, and the overall composition of their portfolios when evaluating the XEWE ETF and its peers.
Conclusion
The XEWE ETF, the Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF, is an exchange-traded fund that provides exposure to companies with high ESG ratings within the emerging markets universe. The fund’s intraday performance has been relatively stable, with the ETF trading within a narrow range throughout the trading day.
The XEWE ETF’s historical performance has been in line with the broader emerging markets equity market, generating a total return of approximately 8.5% over the past year. When compared to other emerging markets ESG-focused ETFs, the XEWE ETF has performed well, outperforming the iShares MSCI EM ESG Optimized ETF (ESGE) but slightly underperforming the broader Vanguard FTSE Emerging Markets ETF (VWO).
Investors should carefully consider the XEWE ETF’s performance, investment objectives, and risk profile in the context of their overall investment strategy and portfolio diversification. The fund’s ESG-focused approach may result in a slightly different sector and country allocation compared to traditional emerging markets index funds, which could impact its relative performance over time.
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