XAAG.DE vs. 6PSE.DE
XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - XAAG.DE is a Commodities fund tracking the Bloomberg Commodity ex-Agriculture and Livestock, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, XAAG.DE returned 17.71%/yr vs 19.18%/yr for 6PSE.DE. At a 0.15 correlation, their price movements are largely independent. XAAG.DE charges 0.19%/yr vs 0.05%/yr for 6PSE.DE.
Performance
XAAG.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XAAG.DE achieves a 27.69% return, which is significantly higher than 6PSE.DE's 11.33% return.
XAAG.DE
- 1D
- -0.56%
- 1M
- 2.26%
- YTD
- 27.69%
- 6M
- 27.75%
- 1Y
- 46.69%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
XAAG.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | -14.76% | 9.23% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between XAAG.DE and 6PSE.DE is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.15 |
The correlation between XAAG.DE and 6PSE.DE shifts across timeframes, from 0.01 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XAAG.DE vs. 6PSE.DE — Risk / Return Rank
XAAG.DE
6PSE.DE
XAAG.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.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.
| XAAG.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.44 | +0.65 |
| Martin ratioReturn relative to average drawdown | 9.65 | 11.99 | -2.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XAAG.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.15 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.93 | -0.44 |
Drawdowns
XAAG.DE vs. 6PSE.DE - Drawdown Comparison
The maximum XAAG.DE drawdown since its inception was -33.85%, which is greater than 6PSE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for XAAG.DE and 6PSE.DE.
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Drawdown Indicators
| XAAG.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -23.70% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -7.31% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -23.70% | +7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -0.41% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -4.83% | -9.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 2.10% | +2.79% |
Volatility
XAAG.DE vs. 6PSE.DE - Volatility Comparison
Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) has a higher volatility of 4.71% compared to Invesco MSCI USA UCITS ETF Dist (6PSE.DE) at 2.73%. This indicates that XAAG.DE's price experiences larger fluctuations and is considered to be riskier than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAAG.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 2.73% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 7.68% | +11.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 11.65% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 15.41% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 15.41% | +2.99% |
XAAG.DE vs. 6PSE.DE - Expense Ratio Comparison
XAAG.DE has a 0.19% expense ratio, which is higher than 6PSE.DE's 0.05% 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
XAAG.DE vs. 6PSE.DE - Dividend Comparison
XAAG.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAAG.DE and 6PSE.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for XAAG.DE.
XAAG.DE is categorized as Commodities, while 6PSE.DE is Large Cap Blend Equities. XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock, while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.19% for XAAG.DE and 0.05% for 6PSE.DE.
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