EXUS.L vs. XUT3.L
EXUS.L (Xtrackers MSCI World ex USA UCITS ETF 1C USD) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both exchange-traded funds - EXUS.L is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Index, while XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past year, EXUS.L returned 21.21% vs 3.01% for XUT3.L. At a 0.21 correlation, their price movements are largely independent. EXUS.L charges 0.15%/yr vs 0.06%/yr for XUT3.L.
Performance
EXUS.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, EXUS.L achieves a 8.11% return, which is significantly higher than XUT3.L's 0.55% return.
EXUS.L
- 1D
- -0.16%
- 1M
- -0.02%
- YTD
- 8.11%
- 6M
- 7.90%
- 1Y
- 21.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XUT3.L
- 1D
- 0.08%
- 1M
- 0.24%
- YTD
- 0.55%
- 6M
- 0.74%
- 1Y
- 3.01%
- 3Y*
- 4.25%
- 5Y*
- 1.90%
- 10Y*
- 1.70%
EXUS.L vs. XUT3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EXUS.L Xtrackers MSCI World ex USA UCITS ETF 1C USD | 8.11% | 31.99% | 1.23% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.55% | 5.06% | 3.96% |
Correlation
The correlation between EXUS.L and XUT3.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024 | 0.21 |
The correlation between EXUS.L and XUT3.L shifts across timeframes, from 0.21 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EXUS.L vs. XUT3.L — Risk / Return Rank
EXUS.L
XUT3.L
EXUS.L vs. XUT3.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 II US Treasuries 1-3 UCITS ETF 1D (XUT3.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.
| EXUS.L | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.57 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 4.47 | -2.50 |
| Martin ratioReturn relative to average drawdown | 7.23 | 17.00 | -9.77 |
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Drawdowns
EXUS.L vs. XUT3.L - Drawdown Comparison
The maximum EXUS.L drawdown since its inception was -12.86%, which is greater than XUT3.L's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for EXUS.L and XUT3.L.
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Drawdown Indicators
| EXUS.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -5.45% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -0.67% | -10.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.45% | — |
Current DrawdownCurrent decline from peak | -2.71% | -0.11% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -0.55% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.18% | +2.75% |
Volatility
EXUS.L vs. XUT3.L - Volatility Comparison
Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L) has a higher volatility of 4.08% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 0.39%. This indicates that EXUS.L's price experiences larger fluctuations and is considered to be riskier than XUT3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXUS.L | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 0.39% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 0.83% | +11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 1.13% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 1.89% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 1.49% | +13.79% |
EXUS.L vs. XUT3.L - Expense Ratio Comparison
EXUS.L has a 0.15% expense ratio, which is higher than XUT3.L's 0.06% 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
EXUS.L vs. XUT3.L - Dividend Comparison
EXUS.L has not paid dividends to shareholders, while XUT3.L's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EXUS.L Xtrackers MSCI World ex USA UCITS ETF 1C USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
EXUS.L and XUT3.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.15% for EXUS.L.
EXUS.L is categorized as Foreign Large Cap Equities, while XUT3.L is Government Bonds. EXUS.L tracks MSCI World ex USA Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. Their fees differ too: 0.15% for EXUS.L and 0.06% for XUT3.L.
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