XBAK.DE vs. XGLF.DE
XBAK.DE (Xtrackers MSCI Pakistan Swap UCITS ETF (Acc)) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds from Xtrackers - XBAK.DE tracks the MSCI Pakistan Investable Market Index while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 10 years, XBAK.DE returned -1.05%/yr vs 8.00%/yr for XGLF.DE. At a 0.23 correlation, their price movements are largely independent. XBAK.DE charges 0.85%/yr vs 0.65%/yr for XGLF.DE.
Performance
XBAK.DE vs. XGLF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAK.DE achieves a 5.19% return, which is significantly lower than XGLF.DE's 6.06% return. Over the past 10 years, XBAK.DE has underperformed XGLF.DE with an annualized return of -1.05%, while XGLF.DE has yielded a comparatively higher 8.00% annualized return.
XBAK.DE
- 1D
- 0.62%
- 1M
- 10.20%
- 6M
- 2.53%
- YTD
- 5.19%
- 1Y
- 35.00%
- 3Y*
- 41.08%
- 5Y*
- 10.75%
- 10Y*
- -1.05%
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%
XBAK.DE vs. XGLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 5.19% | 20.31% | 75.92% | 15.36% | -24.63% | -7.97% | -15.81% | 1.89% | -29.80% | -33.77% |
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 XBAK.DE and XGLF.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.23 |
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Return for Risk
XBAK.DE vs. XGLF.DE — Risk / Return Rank
XBAK.DE
XGLF.DE
XBAK.DE vs. XGLF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.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.
| XBAK.DE | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.63 | +0.84 |
| Martin ratioReturn relative to average drawdown | 3.81 | 1.39 | +2.41 |
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Drawdowns
XBAK.DE vs. XGLF.DE - Drawdown Comparison
The maximum XBAK.DE drawdown since its inception was -79.30%, 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 XBAK.DE and XGLF.DE.
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Drawdown Indicators
| XBAK.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.30% | -42.15% | -37.15% |
Max Drawdown (1Y)Largest decline over 1 year | -23.67% | -9.05% | -14.62% |
Max Drawdown (3Y)Largest decline over 3 years | -23.67% | -18.41% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | -31.29% | -17.77% |
Max Drawdown (10Y)Largest decline over 10 years | -79.30% | -35.16% | -44.14% |
Current DrawdownCurrent decline from peak | -32.50% | -17.78% | -14.72% |
Average DrawdownAverage peak-to-trough decline | -37.83% | -18.26% | -19.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 4.11% | +5.06% |
Volatility
XBAK.DE vs. XGLF.DE - Volatility Comparison
Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) has a higher volatility of 5.51% compared to Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) at 4.44%. This indicates that XBAK.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
| XBAK.DE | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 4.44% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 24.19% | 9.30% | +14.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.00% | 12.62% | +15.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 15.35% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.55% | 18.34% | +6.21% |
XBAK.DE vs. XGLF.DE - Expense Ratio Comparison
XBAK.DE has a 0.85% expense ratio, which is higher than XGLF.DE's 0.65% expense ratio.
Dividends
XBAK.DE vs. XGLF.DE - Dividend Comparison
Neither XBAK.DE nor XGLF.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAK.DE and XGLF.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLF.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLF.DE is cheaper with a 0.65% expense ratio, compared with 0.85% for XBAK.DE.
XBAK.DE tracks MSCI Pakistan Investable Market Index, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. Their fees differ too: 0.85% for XBAK.DE and 0.65% for XGLF.DE.
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