XBCU.L vs. XCX6.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and Xtrackers MSCI China UCITS ETF 1C (XCX6.L).

XBCU.L and XCX6.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBCU.L is a passively managed fund by DWS that tracks the performance of the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. It was launched on Apr 9, 2010. XCX6.L is a passively managed fund by DWS that tracks the performance of the MSCI China NR USD. It was launched on Jun 24, 2010. Both XBCU.L and XCX6.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XBCU.L vs. XCX6.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and Xtrackers MSCI China UCITS ETF 1C (XCX6.L). The values are adjusted to include any dividend payments, if applicable.

XBCU.L vs. XCX6.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XBCU.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C	15.88%	26.09%	8.64%	-9.97%	20.96%	39.63%	-1.34%	7.54%	-11.30%	5.31%
XCX6.L Xtrackers MSCI China UCITS ETF 1C	-7.12%	31.66%	18.56%	-12.72%	-22.62%	-21.96%	28.87%	22.27%	-19.13%	53.51%

Different Trading Currencies

XBCU.L is traded in USD, while XCX6.L is traded in GBp. To make them comparable, the XCX6.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XBCU.L achieves a 15.88% return, which is significantly higher than XCX6.L's -7.12% return. Over the past 10 years, XBCU.L has outperformed XCX6.L with an annualized return of 10.62%, while XCX6.L has yielded a comparatively lower 4.77% annualized return.

XBCU.L

• 1D: -1.36%
• 1M: 1.65%
• YTD: 15.88%
• 6M: 28.73%
• 1Y: 30.53%
• 3Y*: 15.02%
• 5Y*: 16.99%
• 10Y*: 10.62%

XCX6.L

• 1D: 1.54%
• 1M: -3.78%
• YTD: -7.12%
• 6M: -14.11%
• 1Y: 4.50%
• 3Y*: 6.79%
• 5Y*: -5.52%
• 10Y*: 4.77%

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

XBCU.L vs. XCX6.L - Expense Ratio Comparison

XBCU.L has a 0.29% expense ratio, which is lower than XCX6.L's 0.65% expense ratio.

XCX6.L

Xtrackers MSCI China UCITS ETF 1C

XBCU.L

Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C

Return for Risk

XBCU.L vs. XCX6.L — Risk / Return Rank

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

XBCU.L

XBCU.L Risk / Return Rank: 78
XBCU.L Sharpe Ratio Rank: 79
XBCU.L Sortino Ratio Rank: 75
XBCU.L Omega Ratio Rank: 74
XBCU.L Calmar Ratio Rank: 89
XBCU.L Martin Ratio Rank: 73

XCX6.L

XCX6.L Risk / Return Rank: 14
XCX6.L Sharpe Ratio Rank: 13
XCX6.L Sortino Ratio Rank: 13
XCX6.L Omega Ratio Rank: 13
XCX6.L Calmar Ratio Rank: 15
XCX6.L Martin Ratio Rank: 15

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.

XBCU.L vs. XCX6.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and Xtrackers MSCI China UCITS ETF 1C (XCX6.L). 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.

	XBCU.L	XCX6.L	Difference
Sharpe ratio Return per unit of total volatility	1.56	0.20	+1.35
Sortino ratio Return per unit of downside risk	2.00	0.41	+1.58
Omega ratio Gain probability vs. loss probability	1.29	1.05	+0.24
Calmar ratio Return relative to maximum drawdown	3.22	0.30	+2.91
Martin ratio Return relative to average drawdown	8.53	0.80	+7.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBCU.L vs. XCX6.L - Sharpe Ratio Comparison

The current XBCU.L Sharpe Ratio is 1.56, which is higher than the XCX6.L Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of XBCU.L and XCX6.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XBCU.L	XCX6.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.20	+1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	-0.19	+1.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.18	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.10	+0.15

Correlation

The correlation between XBCU.L and XCX6.L is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XBCU.L vs. XCX6.L - Dividend Comparison

Neither XBCU.L nor XCX6.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XBCU.L vs. XCX6.L - Drawdown Comparison

The maximum XBCU.L drawdown since its inception was -62.92%, roughly equal to the maximum XCX6.L drawdown of -62.80%. Use the drawdown chart below to compare losses from any high point for XBCU.L and XCX6.L.

Drawdown Indicators

	XBCU.L	XCX6.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.92%	-57.08%	-5.84%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-16.43%	+3.83%
Max Drawdown (5Y) Largest decline over 5 years	-27.83%	-50.24%	+22.41%
Max Drawdown (10Y) Largest decline over 10 years	-37.15%	-57.08%	+19.93%
Current Drawdown Current decline from peak	-4.38%	-33.06%	+28.68%
Average Drawdown Average peak-to-trough decline	-30.03%	-20.78%	-9.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	6.48%	-2.89%

Volatility

XBCU.L vs. XCX6.L - Volatility Comparison

The current volatility for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) is 5.69%, while Xtrackers MSCI China UCITS ETF 1C (XCX6.L) has a volatility of 6.15%. This indicates that XBCU.L experiences smaller price fluctuations and is considered to be less risky than XCX6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBCU.L	XCX6.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	6.15%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	15.45%	13.76%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	22.14%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	29.43%	-10.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	26.26%	-9.72%