BATE.DE vs. XMLC.DE
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and XMLC.DE (L&G Clean Water UCITS ETF) are both exchange-traded funds - BATE.DE is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index, while XMLC.DE is a Water Equities fund tracking the Solactive Clean Water. Both are passively managed. Over the past 5 years, BATE.DE returned 17.83%/yr vs 6.47%/yr for XMLC.DE. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
BATE.DE vs. XMLC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BATE.DE achieves a 37.45% return, which is significantly higher than XMLC.DE's 2.10% return.
BATE.DE
- 1D
- -1.32%
- 1M
- 3.29%
- YTD
- 37.45%
- 6M
- 45.97%
- 1Y
- 129.95%
- 3Y*
- 25.89%
- 5Y*
- 17.83%
- 10Y*
- —
XMLC.DE
- 1D
- 0.61%
- 1M
- -0.75%
- YTD
- 2.10%
- 6M
- 2.09%
- 1Y
- 7.00%
- 3Y*
- 8.24%
- 5Y*
- 6.47%
- 10Y*
- —
BATE.DE vs. XMLC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 37.45% | 54.96% | 4.46% | 5.33% | -9.13% | 25.95% | 63.33% | 12.12% |
XMLC.DE L&G Clean Water UCITS ETF | 2.10% | 3.88% | 9.96% | 17.08% | -12.64% | 37.15% | 7.97% | 11.56% |
Correlation
The correlation between BATE.DE and XMLC.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019 | 0.66 |
The correlation between BATE.DE and XMLC.DE shifts across timeframes, from 0.46 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BATE.DE vs. XMLC.DE — Risk / Return Rank
BATE.DE
XMLC.DE
BATE.DE vs. XMLC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and L&G Clean Water UCITS ETF (XMLC.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.
| BATE.DE | XMLC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.93 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.09 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 10.08 | 0.63 | +9.45 |
| Martin ratioReturn relative to average drawdown | 34.10 | 1.64 | +32.46 |
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
| BATE.DE | XMLC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.42 | 0.49 | +3.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.41 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.56 | +0.29 |
Drawdowns
BATE.DE vs. XMLC.DE - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.39%, roughly equal to the maximum XMLC.DE drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for BATE.DE and XMLC.DE.
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Drawdown Indicators
| BATE.DE | XMLC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -35.25% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -11.02% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -34.03% | -19.51% | -14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -34.03% | -20.54% | -13.49% |
Current DrawdownCurrent decline from peak | -1.76% | -7.58% | +5.82% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -6.31% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 4.26% | -0.46% |
Volatility
BATE.DE vs. XMLC.DE - Volatility Comparison
Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.55% compared to L&G Clean Water UCITS ETF (XMLC.DE) at 4.42%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than XMLC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATE.DE | XMLC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 4.42% | +6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 22.92% | 10.79% | +12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 14.16% | +15.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.22% | 15.51% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.44% | 18.66% | +4.78% |
BATE.DE vs. XMLC.DE - Expense Ratio Comparison
Both BATE.DE and XMLC.DE have an expense ratio of 0.49%.
Dividends
BATE.DE vs. XMLC.DE - Dividend Comparison
Neither BATE.DE nor XMLC.DE has paid dividends to shareholders.
Frequently Asked Questions
BATE.DE and XMLC.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BATE.DE and XMLC.DE have the same expense ratio: 0.49% per year.
BATE.DE is categorized as Alternative Energy Equities, while XMLC.DE is Water Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while XMLC.DE tracks Solactive Clean Water.
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