XCX5.L vs. XUT3.L
XCX5.L (Xtrackers MSCI India Swap UCITS ETF 1C) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both exchange-traded funds - XCX5.L is a Asia Pacific Equities fund tracking the MSCI India NR USD, while XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 10 years, XCX5.L returned 7.44%/yr vs 2.49%/yr for XUT3.L. At a 0.15 correlation, their price movements are largely independent. XCX5.L charges 0.75%/yr vs 0.06%/yr for XUT3.L.
Performance
XCX5.L vs. XUT3.L - Performance Comparison
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Different Trading Currencies
XCX5.L is traded in GBp, while XUT3.L is traded in USD. To make them comparable, the XUT3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCX5.L achieves a -12.70% return, which is significantly lower than XUT3.L's 0.95% return. Over the past 10 years, XCX5.L has outperformed XUT3.L with an annualized return of 7.44%, while XUT3.L has yielded a comparatively lower 2.49% annualized return.
XCX5.L
- 1D
- 1.26%
- 1M
- -1.73%
- YTD
- -12.70%
- 6M
- -12.76%
- 1Y
- -12.07%
- 3Y*
- 2.47%
- 5Y*
- 4.13%
- 10Y*
- 7.44%
XUT3.L
- 1D
- 0.10%
- 1M
- 1.04%
- YTD
- 0.95%
- 6M
- 0.23%
- 1Y
- 4.46%
- 3Y*
- 1.56%
- 5Y*
- 2.96%
- 10Y*
- 2.49%
XCX5.L vs. XUT3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCX5.L Xtrackers MSCI India Swap UCITS ETF 1C | -12.70% | -5.16% | 11.92% | 12.56% | 2.33% | 26.19% | 9.49% | 2.58% | -3.56% | 24.83% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.95% | -2.42% | 5.95% | -1.10% | 7.87% | 0.32% | -0.08% | -0.38% | 7.45% | -8.40% |
Correlation
The correlation between XCX5.L and XUT3.L is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2010 | 0.15 |
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Return for Risk
XCX5.L vs. XUT3.L — Risk / Return Rank
XCX5.L
XUT3.L
XCX5.L vs. XUT3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) and Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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.
| XCX5.L | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.12 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.85 | -1.46 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.31 | -3.68 |
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
| XCX5.L | XUT3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | 0.69 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.36 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.27 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.33 | -0.11 |
Drawdowns
XCX5.L vs. XUT3.L - Drawdown Comparison
The maximum XCX5.L drawdown since its inception was -41.74%, which is greater than XUT3.L's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for XCX5.L and XUT3.L.
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Drawdown Indicators
| XCX5.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.74% | -18.58% | -23.16% |
Max Drawdown (1Y)Largest decline over 1 year | -19.88% | -5.21% | -14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -9.27% | -17.20% |
Max Drawdown (5Y)Largest decline over 5 years | -26.47% | -16.72% | -9.75% |
Max Drawdown (10Y)Largest decline over 10 years | -37.35% | -18.58% | -18.77% |
Current DrawdownCurrent decline from peak | -23.06% | -8.02% | -15.04% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -8.22% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 1.92% | +6.89% |
Volatility
XCX5.L vs. XUT3.L - Volatility Comparison
Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) has a higher volatility of 6.39% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 1.65%. This indicates that XCX5.L's price experiences larger fluctuations and is considered to be riskier than XUT3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCX5.L | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 1.65% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.26% | 4.93% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 6.41% | +9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 8.22% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 9.43% | +10.46% |
XCX5.L vs. XUT3.L - Expense Ratio Comparison
XCX5.L has a 0.75% expense ratio, which is higher than XUT3.L's 0.06% expense ratio.
Dividends
XCX5.L vs. XUT3.L - Dividend Comparison
XCX5.L has not paid dividends to shareholders, while XUT3.L's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XCX5.L Xtrackers MSCI India Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
XCX5.L and XUT3.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.75% for XCX5.L.
XCX5.L is categorized as Asia Pacific Equities, while XUT3.L is Government Bonds. XCX5.L tracks MSCI India NR USD, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. Their fees differ too: 0.75% for XCX5.L and 0.06% for XUT3.L.
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