EXUS.L vs. XDBG.L

Last updated Jun 4, 2026

EXUS.L (Xtrackers MSCI World ex USA UCITS ETF 1C USD) and XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) are both exchange-traded funds - EXUS.L is a Global Equities fund tracking the MSCI World ex USA index, while XDBG.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Both are passively managed. Over the past year, EXUS.L returned 22.79% vs 44.46% for XDBG.L. At a 0.35 correlation, their price movements are largely independent. EXUS.L charges 0.15%/yr vs 0.39%/yr for XDBG.L.

Performance

EXUS.L vs. XDBG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L) and Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EXUS.L achieves a 8.61% return, which is significantly lower than XDBG.L's 23.26% return.

EXUS.L

• 1D: -0.53%
• 1M: 3.48%
• YTD: 8.61%
• 6M: 11.84%
• 1Y: 22.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDBG.L

• 1D: -0.36%
• 1M: 0.79%
• YTD: 23.26%
• 6M: 26.79%
• 1Y: 44.46%
• 3Y*: 22.33%
• 5Y*: 13.27%
• 10Y*: 7.91%

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

EXUS.L vs. XDBG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EXUS.L Xtrackers MSCI World ex USA UCITS ETF 1C USD	8.61%	31.98%	1.23%
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged	23.26%	35.16%	3.92%

Correlation

The correlation between EXUS.L and XDBG.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.35

EXUS.L vs. XDBG.L - Sectors Allocation Comparison

Sectors	EXUS.L	XDBG.L
Financial Services	26.2%	5.2%
Industrials	18.6%	10.6%
Technology	10.1%	36.3%
Healthcare	9.2%	4.0%
Consumer Cyclical	7.1%	4.9%
Basic Materials	7.0%	4.0%
Consumer Defensive	6.4%	11.8%
Energy	5.9%	3.1%
Communication Services	4.0%	17.2%
Utilities	3.7%	1.1%
Real Estate	1.7%	2.8%

Return for Risk

EXUS.L vs. XDBG.L — Risk / Return Rank

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

EXUS.L

EXUS.L Risk / Return Rank: 44
EXUS.L Sharpe Ratio Rank: 43
EXUS.L Sortino Ratio Rank: 46
EXUS.L Omega Ratio Rank: 44
EXUS.L Calmar Ratio Rank: 42
EXUS.L Martin Ratio Rank: 46

XDBG.L

XDBG.L Risk / Return Rank: 76
XDBG.L Sharpe Ratio Rank: 79
XDBG.L Sortino Ratio Rank: 67
XDBG.L Omega Ratio Rank: 77
XDBG.L Calmar Ratio Rank: 86
XDBG.L Martin Ratio Rank: 73

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.

EXUS.L vs. XDBG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L) and Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.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.

	EXUS.L	XDBG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.28	-0.73
Sortino ratio: Return per unit of downside risk	2.30	2.79	-0.49
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.11
Calmar ratio: Return relative to maximum drawdown	2.10	4.03	-1.93
Martin ratio: Return relative to average drawdown	7.76	11.83	-4.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXUS.L vs. XDBG.L - Sharpe Ratio Comparison

The current EXUS.L Sharpe Ratio is 1.54, which is lower than the XDBG.L Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of EXUS.L and XDBG.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

	EXUS.L	XDBG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	2.28	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	-0.00	+1.18

Drawdowns

EXUS.L vs. XDBG.L - Drawdown Comparison

The maximum EXUS.L drawdown since its inception was -12.85%, smaller than the maximum XDBG.L drawdown of -75.36%. Use the drawdown chart below to compare losses from any high point for EXUS.L and XDBG.L.

Drawdown Indicators

	EXUS.L	XDBG.L	Difference
Max Drawdown Largest peak-to-trough decline	-12.85%	-75.36%	+62.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-10.97%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.03%	—
Current Drawdown Current decline from peak	-0.92%	-8.08%	+7.16%
Average Drawdown Average peak-to-trough decline	-2.36%	-45.54%	+43.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	3.75%	-0.82%

Volatility

EXUS.L vs. XDBG.L - Volatility Comparison

The current volatility for Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L) is 4.34%, while Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) has a volatility of 4.98%. This indicates that EXUS.L experiences smaller price fluctuations and is considered to be less risky than XDBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXUS.L	XDBG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.98%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	16.58%	-4.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	19.44%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	22.76%	-7.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	20.31%	-5.01%

EXUS.L vs. XDBG.L - Expense Ratio Comparison

EXUS.L has a 0.15% expense ratio, which is lower than XDBG.L's 0.39% expense ratio.

Dividends

EXUS.L vs. XDBG.L - Dividend Comparison

Neither EXUS.L nor XDBG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EXUS.L and XDBG.L in my portfolio?

EXUS.L and XDBG.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXUS.L or XDBG.L?

On fees, EXUS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXUS.L or XDBG.L?

EXUS.L is cheaper with a 0.15% expense ratio, compared with 0.39% for XDBG.L.

What is the main difference between EXUS.L and XDBG.L?

EXUS.L is categorized as Global Equities, while XDBG.L is Commodities. EXUS.L tracks MSCI World ex USA index, while XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Their fees differ too: 0.15% for EXUS.L and 0.39% for XDBG.L.