XCX6.L vs. CE01.L
XCX6.L (Xtrackers MSCI China UCITS ETF 1C) and CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) are both exchange-traded funds - XCX6.L is a China Equities fund tracking the MSCI China NR USD, while CE01.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, XCX6.L returned 4.13%/yr vs 0.22%/yr for CE01.L. At a 0.06 correlation, their price movements are largely independent. XCX6.L charges 0.65%/yr vs 0.15%/yr for CE01.L.
Performance
XCX6.L vs. CE01.L - Performance Comparison
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Returns By Period
In the year-to-date period, XCX6.L achieves a -14.41% return, which is significantly lower than CE01.L's 0.21% return. Over the past 10 years, XCX6.L has outperformed CE01.L with an annualized return of 4.13%, while CE01.L has yielded a comparatively lower 0.22% annualized return.
XCX6.L
- 1D
- -0.60%
- 1M
- -6.86%
- YTD
- -14.41%
- 6M
- -14.68%
- 1Y
- -3.87%
- 3Y*
- 5.07%
- 5Y*
- -6.42%
- 10Y*
- 4.13%
CE01.L
- 1D
- 0.22%
- 1M
- 0.68%
- YTD
- 0.21%
- 6M
- 0.50%
- 1Y
- 3.01%
- 3Y*
- 3.13%
- 5Y*
- -1.92%
- 10Y*
- 0.22%
XCX6.L vs. CE01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCX6.L Xtrackers MSCI China UCITS ETF 1C | -14.41% | 22.42% | 20.57% | -17.10% | -13.36% | -21.25% | 25.03% | 17.56% | -14.28% | 40.17% |
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.21% | 6.87% | -3.53% | 6.60% | -15.38% | -9.55% | 10.06% | 1.33% | 1.72% | 4.90% |
Correlation
The correlation between XCX6.L and CE01.L 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2010 | 0.06 |
The correlation between XCX6.L and CE01.L shifts across timeframes, from 0.01 (5 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XCX6.L vs. CE01.L — Risk / Return Rank
XCX6.L
CE01.L
XCX6.L vs. CE01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China UCITS ETF 1C (XCX6.L) and iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.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.
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.
| XCX6.L | CE01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.09 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.56 | -0.74 |
| Martin ratioReturn relative to average drawdown | -0.40 | 1.24 | -1.65 |
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Drawdowns
XCX6.L vs. CE01.L - Drawdown Comparison
The maximum XCX6.L drawdown since its inception was -57.08%, which is greater than CE01.L's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for XCX6.L and CE01.L.
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Drawdown Indicators
| XCX6.L | CE01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.08% | -27.47% | -29.61% |
Max Drawdown (1Y)Largest decline over 1 year | -22.15% | -5.33% | -16.82% |
Max Drawdown (3Y)Largest decline over 3 years | -33.59% | -6.85% | -26.74% |
Max Drawdown (5Y)Largest decline over 5 years | -49.99% | -22.14% | -27.85% |
Max Drawdown (10Y)Largest decline over 10 years | -57.08% | -27.47% | -29.61% |
Current DrawdownCurrent decline from peak | -39.00% | -17.60% | -21.40% |
Average DrawdownAverage peak-to-trough decline | -20.37% | -11.19% | -9.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 2.41% | +7.19% |
Volatility
XCX6.L vs. CE01.L - Volatility Comparison
Xtrackers MSCI China UCITS ETF 1C (XCX6.L) has a higher volatility of 6.29% compared to iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) at 1.58%. This indicates that XCX6.L's price experiences larger fluctuations and is considered to be riskier than CE01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCX6.L | CE01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 1.58% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.27% | 4.60% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 5.73% | +12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.57% | 8.22% | +22.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.84% | 10.28% | +16.56% |
XCX6.L vs. CE01.L - Expense Ratio Comparison
XCX6.L has a 0.65% expense ratio, which is higher than CE01.L's 0.15% expense ratio.
Dividends
XCX6.L vs. CE01.L - Dividend Comparison
Neither XCX6.L nor CE01.L has paid dividends to shareholders.
Frequently Asked Questions
XCX6.L and CE01.L 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, CE01.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CE01.L is cheaper with a 0.15% expense ratio, compared with 0.65% for XCX6.L.
XCX6.L is categorized as China Equities, while CE01.L is European Government Bonds. XCX6.L tracks MSCI China NR USD, while CE01.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: DWS and iShares. Their fees differ too: 0.65% for XCX6.L and 0.15% for CE01.L.
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