XDAX.L vs. ^GDAXI
XDAX.L (Xtrackers DAX UCITS ETF 1C) is Europe Equities fund tracking the FSE DAX TR EUR, while ^GDAXI (DAX Performance Index) is an index. Over the past 5 years, XDAX.L returned 9.31%/yr vs 9.87%/yr for ^GDAXI. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
XDAX.L vs. ^GDAXI - Performance Comparison
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Different Trading Currencies
XDAX.L is traded in GBp, while ^GDAXI is traded in EUR. To make them comparable, the ^GDAXI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDAX.L achieves a 0.31% return, which is significantly lower than ^GDAXI's 1.06% return.
XDAX.L
- 1D
- 0.66%
- 1M
- 2.21%
- YTD
- 0.31%
- 6M
- 2.98%
- 1Y
- 5.08%
- 3Y*
- 15.60%
- 5Y*
- 9.31%
- 10Y*
- —
^GDAXI
- 1D
- 0.72%
- 1M
- 2.46%
- YTD
- 1.06%
- 6M
- 3.44%
- 1Y
- 5.53%
- 3Y*
- 16.21%
- 5Y*
- 9.87%
- 10Y*
- 10.51%
XDAX.L vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDAX.L Xtrackers DAX UCITS ETF 1C | 0.31% | 28.81% | 13.14% | 17.20% | -7.58% | 7.86% | 9.38% | 16.48% | -17.14% | 3.27% |
^GDAXI DAX Performance Index | 1.06% | 29.41% | 13.67% | 17.91% | -7.55% | 7.62% | 9.39% | 18.95% | -17.11% | 3.57% |
Correlation
The correlation between XDAX.L and ^GDAXI is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.94 |
The correlation between XDAX.L and ^GDAXI has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
XDAX.L vs. ^GDAXI — Risk / Return Rank
XDAX.L
^GDAXI
XDAX.L vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (XDAX.L) and DAX Performance Index (^GDAXI). 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.
| XDAX.L | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.44 | -0.04 |
| Martin ratioReturn relative to average drawdown | 1.27 | 1.41 | -0.14 |
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
| XDAX.L | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.35 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.57 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.35 | +0.05 |
Drawdowns
XDAX.L vs. ^GDAXI - Drawdown Comparison
The maximum XDAX.L drawdown since its inception was -37.09%, smaller than the maximum ^GDAXI drawdown of -44.81%. Use the drawdown chart below to compare losses from any high point for XDAX.L and ^GDAXI.
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Drawdown Indicators
| XDAX.L | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.09% | -44.81% | +7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -12.65% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -14.69% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -23.29% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.76% | — |
Current DrawdownCurrent decline from peak | -3.19% | -2.59% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -8.92% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 3.91% | +0.10% |
Volatility
XDAX.L vs. ^GDAXI - Volatility Comparison
Xtrackers DAX UCITS ETF 1C (XDAX.L) and DAX Performance Index (^GDAXI) have volatilities of 4.71% and 4.86%, 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
| XDAX.L | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.86% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 12.79% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 15.59% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 17.11% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 18.15% | +0.61% |
Frequently Asked Questions
With a correlation of 0.95, XDAX.L and ^GDAXI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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