ALAG.L vs. XDAX.L

Last updated Jun 5, 2026

ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) and XDAX.L (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - ALAG.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while XDAX.L is a Europe Equities fund tracking the FSE DAX TR EUR. Both are passively managed. Over the past 5 years, ALAG.L returned 9.69%/yr vs 9.31%/yr for XDAX.L. At a 0.47 correlation, their price movements are largely independent. ALAG.L charges 0.10%/yr vs 0.09%/yr for XDAX.L.

Performance

ALAG.L vs. XDAX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Xtrackers DAX UCITS ETF 1C (XDAX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALAG.L achieves a 10.55% return, which is significantly higher than XDAX.L's 0.31% return.

ALAG.L

• 1D: -0.47%
• 1M: -6.14%
• YTD: 10.55%
• 6M: 7.97%
• 1Y: 38.67%
• 3Y*: 10.97%
• 5Y*: 9.69%
• 10Y*: 8.49%

XDAX.L

• 1D: 0.66%
• 1M: 2.21%
• YTD: 0.31%
• 6M: 2.98%
• 1Y: 5.08%
• 3Y*: 15.60%
• 5Y*: 9.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALAG.L vs. XDAX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD	10.55%	44.31%	-25.31%	25.10%	21.74%	-8.24%	-16.56%	12.56%	-1.55%	-4.11%
XDAX.L Xtrackers DAX UCITS ETF 1C	0.31%	28.81%	13.14%	17.20%	-7.58%	7.86%	9.38%	16.48%	-17.14%	3.27%

Correlation

The correlation between ALAG.L and XDAX.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017	0.47

ALAG.L vs. XDAX.L - Sectors Allocation Comparison

Sectors	ALAG.L	XDAX.L
Financial Services	30.3%	21.0%
Basic Materials	19.7%	5.3%
Energy	11.7%	-
Industrials	10.8%	34.8%
Consumer Defensive	9.9%	0.9%
Utilities	8.5%	5.0%
Communication Services	4.0%	6.1%
Consumer Cyclical	1.6%	7.0%
Real Estate	1.6%	1.0%
Healthcare	1.4%	5.7%
Technology	0.7%	13.2%

Return for Risk

ALAG.L vs. XDAX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALAG.L

ALAG.L Risk / Return Rank: 66
ALAG.L Sharpe Ratio Rank: 69
ALAG.L Sortino Ratio Rank: 63
ALAG.L Omega Ratio Rank: 64
ALAG.L Calmar Ratio Rank: 73
ALAG.L Martin Ratio Rank: 61

XDAX.L

XDAX.L Risk / Return Rank: 14
XDAX.L Sharpe Ratio Rank: 14
XDAX.L Sortino Ratio Rank: 14
XDAX.L Omega Ratio Rank: 14
XDAX.L Calmar Ratio Rank: 14
XDAX.L Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALAG.L vs. XDAX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Xtrackers DAX UCITS ETF 1C (XDAX.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.

	ALAG.L	XDAX.L	Difference
Sharpe ratio: Return per unit of total volatility	2.22	0.33	+1.88
Sortino ratio: Return per unit of downside risk	2.90	0.57	+2.33
Omega ratio: Gain probability vs. loss probability	1.38	1.07	+0.31
Calmar ratio: Return relative to maximum drawdown	3.62	0.39	+3.23
Martin ratio: Return relative to average drawdown	10.83	1.27	+9.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALAG.L vs. XDAX.L - Sharpe Ratio Comparison

The current ALAG.L Sharpe Ratio is 2.22, which is higher than the XDAX.L Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of ALAG.L and XDAX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALAG.L	XDAX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	0.33	+1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.55	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.39	0.00

Drawdowns

ALAG.L vs. XDAX.L - Drawdown Comparison

The maximum ALAG.L drawdown since its inception was -48.94%, which is greater than XDAX.L's maximum drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for ALAG.L and XDAX.L.

Drawdown Indicators

	ALAG.L	XDAX.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.94%	-37.09%	-11.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-12.83%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-25.74%	-13.98%	-11.76%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-23.44%	-2.30%
Max Drawdown (10Y) Largest decline over 10 years	-48.94%	—	—
Current Drawdown Current decline from peak	-10.63%	-3.19%	-7.44%
Average Drawdown Average peak-to-trough decline	-12.08%	-6.71%	-5.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	4.01%	-0.45%

Volatility

ALAG.L vs. XDAX.L - Volatility Comparison

Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Xtrackers DAX UCITS ETF 1C (XDAX.L) have volatilities of 4.67% and 4.71%, 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.

Volatility by Period

	ALAG.L	XDAX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	4.71%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	15.08%	12.39%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	17.38%	15.15%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	16.93%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.89%	18.76%	+6.13%

ALAG.L vs. XDAX.L - Expense Ratio Comparison

ALAG.L has a 0.10% expense ratio, which is higher than XDAX.L's 0.09% 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

ALAG.L vs. XDAX.L - Dividend Comparison

Neither ALAG.L nor XDAX.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ALAG.L and XDAX.L in my portfolio?

ALAG.L and XDAX.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALAG.L or XDAX.L?

On fees, XDAX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ALAG.L or XDAX.L?

XDAX.L is cheaper with a 0.09% expense ratio, compared with 0.10% for ALAG.L.

What is the main difference between ALAG.L and XDAX.L?

ALAG.L is categorized as Latin America Equities, while XDAX.L is Europe Equities. ALAG.L tracks MSCI EM Latin America NR USD, while XDAX.L tracks FSE DAX TR EUR. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.10% for ALAG.L and 0.09% for XDAX.L.