IBC4.DE vs. XGLF.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - IBC4.DE tracks the MSCI South Africa Capped Index while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 10 years, IBC4.DE returned 7.19%/yr vs 8.00%/yr for XGLF.DE. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.
Performance
IBC4.DE vs. XGLF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC4.DE achieves a -1.83% return, which is significantly lower than XGLF.DE's 6.06% return. Over the past 10 years, IBC4.DE has underperformed XGLF.DE with an annualized return of 7.19%, while XGLF.DE has yielded a comparatively higher 8.00% annualized return.
IBC4.DE
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
XGLF.DE
- 1D
- 0.50%
- 1M
- 2.01%
- 6M
- 5.05%
- YTD
- 6.06%
- 1Y
- 5.74%
- 3Y*
- 3.33%
- 5Y*
- 5.16%
- 10Y*
- 8.00%
IBC4.DE vs. XGLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -1.83% | 57.35% | 14.83% | -3.10% | 1.72% | 12.68% | -11.83% | 12.46% | -21.79% | 19.74% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.06% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | 9.50% | 22.95% | -7.49% |
Correlation
The correlation between IBC4.DE and XGLF.DE 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 (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.31 |
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Return for Risk
IBC4.DE vs. XGLF.DE — Risk / Return Rank
IBC4.DE
XGLF.DE
IBC4.DE vs. XGLF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) and Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.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.
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.
| IBC4.DE | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.63 | +0.89 |
| Martin ratioReturn relative to average drawdown | 3.57 | 1.39 | +2.17 |
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Drawdowns
IBC4.DE vs. XGLF.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than XGLF.DE's maximum drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and XGLF.DE.
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Drawdown Indicators
| IBC4.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -42.15% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -9.05% | -12.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -18.41% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -31.29% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -35.16% | -20.32% |
Current DrawdownCurrent decline from peak | -16.46% | -17.78% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -18.26% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 4.11% | +5.10% |
Volatility
IBC4.DE vs. XGLF.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a higher volatility of 8.06% compared to Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) at 4.44%. This indicates that IBC4.DE's price experiences larger fluctuations and is considered to be riskier than XGLF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC4.DE | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 4.44% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 9.30% | +16.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 12.62% | +17.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 15.35% | +10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 18.34% | +9.50% |
IBC4.DE vs. XGLF.DE - Expense Ratio Comparison
Both IBC4.DE and XGLF.DE have an expense ratio of 0.65%.
Dividends
IBC4.DE vs. XGLF.DE - Dividend Comparison
Neither IBC4.DE nor XGLF.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC4.DE and XGLF.DE 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.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBC4.DE and XGLF.DE have the same expense ratio: 0.65% per year.
IBC4.DE tracks MSCI South Africa Capped Index, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: iShares and Xtrackers.
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