XBCU.L vs. XFSN.L
XBCU.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both exchange-traded funds - XBCU.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward, while XFSN.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, XBCU.L returned 19.51%/yr vs 16.65%/yr for XFSN.L. At a 0.21 correlation, their price movements are largely independent. XBCU.L charges 0.29%/yr vs 0.35%/yr for XFSN.L.
Performance
XBCU.L vs. XFSN.L - Performance Comparison
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Different Trading Currencies
XBCU.L is traded in USD, while XFSN.L is traded in GBP. To make them comparable, the XFSN.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 23.15% return, which is significantly higher than XFSN.L's -3.14% return.
XBCU.L
- 1D
- -0.49%
- 1M
- 0.54%
- YTD
- 23.15%
- 6M
- 26.23%
- 1Y
- 45.54%
- 3Y*
- 19.51%
- 5Y*
- 15.55%
- 10Y*
- 9.95%
XFSN.L
- 1D
- 0.64%
- 1M
- 4.70%
- YTD
- -3.14%
- 6M
- -4.09%
- 1Y
- -2.44%
- 3Y*
- 16.65%
- 5Y*
- —
- 10Y*
- —
XBCU.L vs. XFSN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XBCU.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 23.15% | 26.09% | 8.64% | -9.97% | 2.19% |
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | -3.14% | 10.70% | 32.64% | 27.77% | -6.36% |
Correlation
The correlation between XBCU.L and XFSN.L 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 | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.21 |
The correlation between XBCU.L and XFSN.L shifts across timeframes, from -0.01 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XBCU.L vs. XFSN.L — Risk / Return Rank
XBCU.L
XFSN.L
XBCU.L vs. XFSN.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 Fintech Innovation UCITS ETF 1C (XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.99 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | -0.10 | +4.95 |
| Martin ratioReturn relative to average drawdown | 13.65 | -0.22 | +13.87 |
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
| XBCU.L | XFSN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | -0.15 | +2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.73 | -0.46 |
Drawdowns
XBCU.L vs. XFSN.L - Drawdown Comparison
The maximum XBCU.L drawdown since its inception was -62.92%, which is greater than XFSN.L's maximum drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for XBCU.L and XFSN.L.
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Drawdown Indicators
| XBCU.L | XFSN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.92% | -24.74% | -38.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -24.74% | +15.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -24.74% | +11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -27.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -2.70% | -11.37% | +8.67% |
Average DrawdownAverage peak-to-trough decline | -29.73% | -6.01% | -23.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 11.19% | -7.86% |
Volatility
XBCU.L vs. XFSN.L - Volatility Comparison
Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) have volatilities of 4.24% and 4.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBCU.L | XFSN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.32% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 12.43% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 16.34% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 20.25% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 20.25% | -3.73% |
XBCU.L vs. XFSN.L - Expense Ratio Comparison
XBCU.L has a 0.29% expense ratio, which is lower than XFSN.L's 0.35% expense ratio.
Dividends
XBCU.L vs. XFSN.L - Dividend Comparison
Neither XBCU.L nor XFSN.L has paid dividends to shareholders.
Frequently Asked Questions
XBCU.L and XFSN.L 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, XBCU.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBCU.L is cheaper with a 0.29% expense ratio, compared with 0.35% for XFSN.L.
XBCU.L is categorized as Commodities, while XFSN.L is Technology Equities. XBCU.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward, while XFSN.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.29% for XBCU.L and 0.35% for XFSN.L.
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