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BT-A.L vs. XGLD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BT-A.L vs. XGLD.L

Last updated Jun 13, 2026

BT-A.L (BT Group plc) is a stock, while XGLD.L (Xtrackers Physical Gold ETC) is Gold fund tracking the Gold. Over the past 10 years, BT-A.L returned -1.67%/yr vs 12.93%/yr for XGLD.L. At a correlation of -0.02, they often move in opposite directions.

Performance

BT-A.L vs. XGLD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in BT Group plc (BT-A.L) and Xtrackers Physical Gold ETC (XGLD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BT-A.L is traded in GBp, while XGLD.L is traded in USD. To make them comparable, the XGLD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BT-A.L achieves a 13.83% return, which is significantly higher than XGLD.L's -1.64% return. Over the past 10 years, BT-A.L has underperformed XGLD.L with an annualized return of -1.67%, while XGLD.L has yielded a comparatively higher 12.93% annualized return.

BT-A.L

1D
1.65%
1M
-7.51%
YTD
13.83%
6M
17.66%
1Y
18.58%
3Y*
20.67%
5Y*
6.64%
10Y*
-1.67%

XGLD.L

1D
3.47%
1M
-9.99%
YTD
-1.64%
6M
-1.74%
1Y
24.39%
3Y*
26.55%
5Y*
18.50%
10Y*
12.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BT-A.L vs. XGLD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BT-A.L
BT Group plc		13.83%33.10%23.69%17.70%-30.23%29.97%-31.28%-12.15%-6.56%-21.99%
XGLD.L
Xtrackers Physical Gold ETC		-1.64%52.88%28.07%7.70%11.62%-3.28%20.47%13.84%4.49%2.02%

Correlation

The correlation between BT-A.L and XGLD.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (10Y)
Calculated over the trailing 10-year period

-0.03

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2010

-0.02

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BT Group plc

Xtrackers Physical Gold ETC

Often compared with BT-A.L:
BT-A.L vs. VOOBT-A.L vs. OTB.LBT-A.L vs. BRK-BBT-A.L vs. AZNBT-A.L vs. KOBT-A.L vs. 18MF.DEBT-A.L vs. GOOG
Often compared with XGLD.L:
XGLD.L vs. GLDXGLD.L vs. SGBX.LXGLD.L vs. SGLN.LXGLD.L vs. XGDU.LXGLD.L vs. AAAUXGLD.L vs. G2XJ.DEXGLD.L vs. XGD.TO

Return for Risk

BT-A.L vs. XGLD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BT-A.L
BT-A.L Risk / Return Rank: 6161
Overall Rank
BT-A.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
BT-A.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
BT-A.L Omega Ratio Rank: 5858
Omega Ratio Rank
BT-A.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
BT-A.L Martin Ratio Rank: 6060
Martin Ratio Rank
XGLD.L
XGLD.L Risk / Return Rank: 2828
Overall Rank
XGLD.L Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XGLD.L Sortino Ratio Rank: 2727
Sortino Ratio Rank
XGLD.L Omega Ratio Rank: 3131
Omega Ratio Rank
XGLD.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
XGLD.L Martin Ratio Rank: 2626
Martin Ratio Rank
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.

BT-A.L vs. XGLD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BT Group plc (BT-A.L) and Xtrackers Physical Gold ETC (XGLD.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BT-A.LXGLD.LDifference
Sharpe ratioReturn per unit of total volatility
0.67
1.05

-0.39

Sortino ratioReturn per unit of downside risk
1.16
1.44

-0.28

Omega ratioGain probability vs. loss probability

1.14

1.21

-0.07

Calmar ratioReturn relative to maximum drawdown

0.90

1.12

-0.22

Martin ratioReturn relative to average drawdown

1.70

3.52

-1.82

BT-A.L vs. XGLD.L - Sharpe Ratio Comparison

The current BT-A.L Sharpe Ratio is 0.67, which is lower than the XGLD.L Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of BT-A.L and XGLD.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.

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Drawdowns

BT-A.L vs. XGLD.L - Drawdown Comparison

The maximum BT-A.L drawdown since its inception was -75.45%, which is greater than XGLD.L's maximum drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for BT-A.L and XGLD.L.

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Drawdown Indicators

BT-A.LXGLD.LDifference

Max Drawdown

Largest peak-to-trough decline

-75.45%

-41.70%

-33.75%

Max Drawdown (1Y)

Largest decline over 1 year

-19.61%

-23.34%

+3.73%

Max Drawdown (3Y)

Largest decline over 3 years

-23.74%

-23.34%

-0.40%

Max Drawdown (5Y)

Largest decline over 5 years

-43.18%

-23.34%

-19.84%

Max Drawdown (10Y)

Largest decline over 10 years

-71.80%

-23.34%

-48.46%

Current Drawdown

Current decline from peak

-32.44%

-20.68%

-11.76%

Average Drawdown

Average peak-to-trough decline

-36.99%

-14.27%

-22.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.36%

7.42%

+2.94%

Volatility

BT-A.L vs. XGLD.L - Volatility Comparison

BT Group plc (BT-A.L) has a higher volatility of 9.89% compared to Xtrackers Physical Gold ETC (XGLD.L) at 7.47%. This indicates that BT-A.L's price experiences larger fluctuations and is considered to be riskier than XGLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BT-A.LXGLD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.89%

7.47%

+2.42%

Volatility (6M)

Calculated over the trailing 6-month period

20.93%

21.96%

-1.03%

Volatility (1Y)

Calculated over the trailing 1-year period

26.53%

24.79%

+1.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.74%

16.88%

+12.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.01%

16.40%

+14.61%

Dividends

BT-A.L vs. XGLD.L - Dividend Comparison

BT-A.L's dividend yield for the trailing twelve months is around 3.92%, while XGLD.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BT-A.L
BT Group plc		3.92%4.46%5.62%6.23%6.87%1.36%0.00%8.00%6.37%5.67%3.94%2.73%
XGLD.L
Xtrackers Physical Gold ETC		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

BT-A.L and XGLD.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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