VGEK.DE vs. XCMC.DE

Last updated Jul 16, 2026

VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) and XCMC.DE (Xtrackers Bloomberg Commodity Swap UCITS ETF 1C) are both exchange-traded funds - VGEK.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan, while XCMC.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 3 years, VGEK.DE returned 21.96%/yr vs 11.08%/yr for XCMC.DE. At a 0.22 correlation, their price movements are largely independent. VGEK.DE charges 0.15%/yr vs 0.19%/yr for XCMC.DE.

Performance

VGEK.DE vs. XCMC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) and Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGEK.DE achieves a 38.62% return, which is significantly higher than XCMC.DE's 26.44% return.

VGEK.DE

• 1D: -1.93%
• 1M: -9.35%
• 6M: 31.04%
• YTD: 38.62%
• 1Y: 59.95%
• 3Y*: 21.96%
• 5Y*: 11.18%
• 10Y*: —

XCMC.DE

• 1D: 0.00%
• 1M: 2.42%
• 6M: 12.74%
• YTD: 26.44%
• 1Y: 26.61%
• 3Y*: 11.08%
• 5Y*: —
• 10Y*: —

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

VGEK.DE vs. XCMC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating	38.62%	25.01%	1.00%	6.45%	-7.38%	0.82%
XCMC.DE Xtrackers Bloomberg Commodity Swap UCITS ETF 1C	26.44%	-2.66%	11.92%	-9.34%	24.84%	-10.88%

Correlation

The correlation between VGEK.DE and XCMC.DE is 0.07, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021	0.22

The correlation between VGEK.DE and XCMC.DE shifts across timeframes, from 0.07 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VGEK.DE vs. XCMC.DE — Risk / Return Rank

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

VGEK.DE

VGEK.DE Risk / Return Rank: 87
VGEK.DE Sharpe Ratio Rank: 89
VGEK.DE Sortino Ratio Rank: 81
VGEK.DE Omega Ratio Rank: 86
VGEK.DE Calmar Ratio Rank: 91
VGEK.DE Martin Ratio Rank: 86

XCMC.DE

XCMC.DE Risk / Return Rank: 59
XCMC.DE Sharpe Ratio Rank: 55
XCMC.DE Sortino Ratio Rank: 52
XCMC.DE Omega Ratio Rank: 59
XCMC.DE Calmar Ratio Rank: 68
XCMC.DE Martin Ratio Rank: 59

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.

VGEK.DE vs. XCMC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) and Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.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.

	VGEK.DE	XCMC.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.52	+0.82
Sortino ratio: Return per unit of downside risk	2.89	2.09	+0.81
Omega ratio: Gain probability vs. loss probability	1.41	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	4.55	2.77	+1.78
Martin ratio: Return relative to average drawdown	14.04	8.42	+5.62

VGEK.DE vs. XCMC.DE - Sharpe Ratio Comparison

The current VGEK.DE Sharpe Ratio is 2.35, which is higher than the XCMC.DE Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of VGEK.DE and XCMC.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGEK.DE vs. XCMC.DE - Drawdown Comparison

The maximum VGEK.DE drawdown since its inception was -36.88%, which is greater than XCMC.DE's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for VGEK.DE and XCMC.DE.

Drawdown Indicators

	VGEK.DE	XCMC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.88%	-22.91%	-13.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-9.66%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-14.82%	-4.85%
Max Drawdown (5Y) Largest decline over 5 years	-19.67%	—	—
Current Drawdown Current decline from peak	-13.05%	-4.98%	-8.07%
Average Drawdown Average peak-to-trough decline	-6.41%	-12.54%	+6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	3.17%	+1.09%

Volatility

VGEK.DE vs. XCMC.DE - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a higher volatility of 12.84% compared to Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) at 3.75%. This indicates that VGEK.DE's price experiences larger fluctuations and is considered to be riskier than XCMC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGEK.DE	XCMC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	3.75%	+9.09%
Volatility (6M) Calculated over the trailing 6-month period	23.28%	12.91%	+10.37%
Volatility (1Y) Calculated over the trailing 1-year period	25.43%	17.56%	+7.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	17.30%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	17.30%	+3.20%

VGEK.DE vs. XCMC.DE - Expense Ratio Comparison

VGEK.DE has a 0.15% expense ratio, which is lower than XCMC.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VGEK.DE vs. XCMC.DE - Dividend Comparison

Neither VGEK.DE nor XCMC.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VGEK.DE and XCMC.DE in my portfolio?

VGEK.DE and XCMC.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGEK.DE or XCMC.DE?

On fees, VGEK.DE 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, VGEK.DE or XCMC.DE?

VGEK.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for XCMC.DE.

What is the main difference between VGEK.DE and XCMC.DE?

VGEK.DE is categorized as Asia Pacific Equities, while XCMC.DE is Commodities. VGEK.DE tracks FTSE Developed Asia Pacific ex Japan, while XCMC.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.15% for VGEK.DE and 0.19% for XCMC.DE.