XCS6.DE vs. GC=F

Last updated Jun 5, 2026

XCS6.DE (Xtrackers MSCI China UCITS ETF 1C) is China Equities fund tracking the MSCI China, while GC=F (Gold Futures) is an asset. Over the past 10 years, XCS6.DE returned 4.37%/yr vs 13.31%/yr for GC=F. At a 0.05 correlation, their price movements are largely independent.

Performance

XCS6.DE vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI China UCITS ETF 1C (XCS6.DE) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCS6.DE is traded in EUR, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCS6.DE achieves a -7.24% return, which is significantly lower than GC=F's 3.80% return. Over the past 10 years, XCS6.DE has underperformed GC=F with an annualized return of 4.37%, while GC=F has yielded a comparatively higher 13.31% annualized return.

XCS6.DE

• 1D: -0.30%
• 1M: -2.07%
• YTD: -7.24%
• 6M: -8.74%
• 1Y: 2.24%
• 3Y*: 7.21%
• 5Y*: -4.64%
• 10Y*: 4.37%

GC=F

• 1D: 0.00%
• 1M: -1.91%
• YTD: 3.80%
• 6M: 5.68%
• 1Y: 29.38%
• 3Y*: 27.88%
• 5Y*: 19.73%
• 10Y*: 13.31%

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

XCS6.DE vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XCS6.DE Xtrackers MSCI China UCITS ETF 1C	-7.24%	16.38%	27.05%	-15.14%	-15.45%	-17.27%	15.11%	26.93%	-16.14%	35.18%
GC=F Gold Futures	5.27%	45.00%	35.90%	9.94%	5.74%	3.76%	14.32%	21.55%	2.45%	-0.37%

Correlation

The correlation between XCS6.DE and GC=F is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jul 27, 2011	0.05

Over the past year, XCS6.DE and GC=F have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

XCS6.DE vs. GC=F — Risk / Return Rank

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

XCS6.DE

XCS6.DE Risk / Return Rank: 11
XCS6.DE Sharpe Ratio Rank: 11
XCS6.DE Sortino Ratio Rank: 11
XCS6.DE Omega Ratio Rank: 10
XCS6.DE Calmar Ratio Rank: 11
XCS6.DE Martin Ratio Rank: 10

GC=F

GC=F Risk / Return Rank: 54
GC=F Sharpe Ratio Rank: 53
GC=F Sortino Ratio Rank: 52
GC=F Omega Ratio Rank: 54
GC=F Calmar Ratio Rank: 45
GC=F Martin Ratio Rank: 64

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.

XCS6.DE vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China UCITS ETF 1C (XCS6.DE) and Gold Futures (GC=F). 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.

	XCS6.DE	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	0.12	1.11	-0.99
Sortino ratio: Return per unit of downside risk	0.30	1.50	-1.20
Omega ratio: Gain probability vs. loss probability	1.04	1.23	-0.20
Calmar ratio: Return relative to maximum drawdown	0.13	1.74	-1.61
Martin ratio: Return relative to average drawdown	0.27	4.25	-3.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCS6.DE vs. GC=F - Sharpe Ratio Comparison

The current XCS6.DE Sharpe Ratio is 0.12, which is lower than the GC=F Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of XCS6.DE and GC=F, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XCS6.DE	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	1.11	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	1.13	-1.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.84	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.63	-0.47

Drawdowns

XCS6.DE vs. GC=F - Drawdown Comparison

The maximum XCS6.DE drawdown since its inception was -56.31%, which is greater than GC=F's maximum drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for XCS6.DE and GC=F.

Drawdown Indicators

	XCS6.DE	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-56.31%	-36.91%	-19.40%
Max Drawdown (1Y) Largest decline over 1 year	-17.28%	-16.35%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-24.77%	-16.35%	-8.42%
Max Drawdown (5Y) Largest decline over 5 years	-49.94%	-16.35%	-33.59%
Max Drawdown (10Y) Largest decline over 10 years	-56.31%	-18.00%	-38.31%
Current Drawdown Current decline from peak	-33.60%	-15.60%	-18.00%
Average Drawdown Average peak-to-trough decline	-21.19%	-11.40%	-9.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.27%	6.75%	+1.52%

Volatility

XCS6.DE vs. GC=F - Volatility Comparison

Xtrackers MSCI China UCITS ETF 1C (XCS6.DE) has a higher volatility of 7.17% compared to Gold Futures (GC=F) at 3.98%. This indicates that XCS6.DE's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCS6.DE	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.17%	3.98%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	22.32%	-9.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	25.63%	-7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.67%	17.40%	+10.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.33%	15.86%	+9.47%

Frequently Asked Questions

Can I hold both XCS6.DE and GC=F in my portfolio?

XCS6.DE and GC=F have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.