IUSW.DE vs. XGLF.DE
IUSW.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - IUSW.DE tracks the MSCI Saudi Arabia 20/35 Index while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 5 years, IUSW.DE returned 2.61%/yr vs 5.16%/yr for XGLF.DE. A 0.76 correlation means they provide meaningful diversification when combined. IUSW.DE charges 0.60%/yr vs 0.65%/yr for XGLF.DE.
Performance
IUSW.DE vs. XGLF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSW.DE achieves a 8.49% return, which is significantly higher than XGLF.DE's 6.06% return.
IUSW.DE
- 1D
- 0.44%
- 1M
- 0.44%
- 6M
- 7.23%
- YTD
- 8.49%
- 1Y
- 4.49%
- 3Y*
- -1.13%
- 5Y*
- 2.61%
- 10Y*
- —
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%
IUSW.DE vs. XGLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 8.49% | -15.93% | 5.30% | 5.93% | 0.43% | 46.72% | -7.49% | -22.80% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.06% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | -7.88% |
Correlation
The correlation between IUSW.DE and XGLF.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.76 |
The correlation between IUSW.DE and XGLF.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
IUSW.DE vs. XGLF.DE — Risk / Return Rank
IUSW.DE
XGLF.DE
IUSW.DE vs. XGLF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.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.
| IUSW.DE | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.09 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.63 | -0.26 |
| Martin ratioReturn relative to average drawdown | 0.96 | 1.39 | -0.43 |
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Drawdowns
IUSW.DE vs. XGLF.DE - Drawdown Comparison
The maximum IUSW.DE drawdown since its inception was -47.12%, 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 IUSW.DE and XGLF.DE.
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Drawdown Indicators
| IUSW.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.12% | -42.15% | -4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -9.05% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -18.41% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.40% | -31.29% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.16% | — |
Current DrawdownCurrent decline from peak | -24.34% | -17.78% | -6.56% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -18.26% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.11% | +0.54% |
Volatility
IUSW.DE vs. XGLF.DE - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.DE) is 3.32%, while Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) has a volatility of 4.44%. This indicates that IUSW.DE experiences smaller price fluctuations and is considered to be less risky 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
| IUSW.DE | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 4.44% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 9.30% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 12.62% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 15.35% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 18.34% | +1.35% |
IUSW.DE vs. XGLF.DE - Expense Ratio Comparison
IUSW.DE has a 0.60% expense ratio, which is lower than XGLF.DE's 0.65% expense ratio.
Dividends
IUSW.DE vs. XGLF.DE - Dividend Comparison
IUSW.DE's dividend yield for the trailing twelve months is around 3.21%, while XGLF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.21% | 3.79% | 2.60% | 2.13% | 1.81% | 1.21% | 3.52% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUSW.DE and XGLF.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSW.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSW.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for XGLF.DE.
IUSW.DE tracks MSCI Saudi Arabia 20/35 Index, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.60% for IUSW.DE and 0.65% for XGLF.DE.
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