XDBG.L vs. XNAS.L

Last updated Jun 5, 2026

XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) and XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) are both exchange-traded funds - XDBG.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while XNAS.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, XDBG.L returned 18.96%/yr vs 25.15%/yr for XNAS.L. At a 0.07 correlation, their price movements are largely independent. XDBG.L charges 0.39%/yr vs 0.20%/yr for XNAS.L.

Performance

XDBG.L vs. XNAS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) and Xtrackers NASDAQ 100 UCITS ETF (XNAS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDBG.L is traded in GBp, while XNAS.L is traded in USD. To make them comparable, the XNAS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDBG.L achieves a 23.03% return, which is significantly higher than XNAS.L's 20.93% return.

XDBG.L

• 1D: -0.42%
• 1M: 0.58%
• YTD: 23.03%
• 6M: 26.01%
• 1Y: 44.88%
• 3Y*: 18.96%
• 5Y*: 14.38%
• 10Y*: 8.57%

XNAS.L

• 1D: 0.00%
• 1M: 10.24%
• YTD: 20.93%
• 6M: 19.10%
• 1Y: 42.68%
• 3Y*: 25.15%
• 5Y*: —
• 10Y*: —

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

XDBG.L vs. XNAS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged	23.03%	25.68%	8.15%	-11.18%	7.34%
XNAS.L Xtrackers NASDAQ 100 UCITS ETF	20.16%	11.29%	28.81%	48.59%	-8.32%

Correlation

The correlation between XDBG.L and XNAS.L is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Oct 24, 2022	0.07

XDBG.L vs. XNAS.L - Sectors Allocation Comparison

Sectors	XDBG.L	XNAS.L
Technology	36.3%	53.7%
Communication Services	17.2%	15.8%
Consumer Defensive	11.8%	7.7%
Industrials	10.6%	3.1%
Financial Services	5.2%	0.2%
Consumer Cyclical	4.9%	12.2%
Basic Materials	4.0%	1.1%
Healthcare	4.0%	4.2%
Energy	3.1%	0.6%
Real Estate	2.8%	0.1%
Utilities	1.1%	1.4%

Return for Risk

XDBG.L vs. XNAS.L — Risk / Return Rank

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

XDBG.L

XDBG.L Risk / Return Rank: 76
XDBG.L Sharpe Ratio Rank: 79
XDBG.L Sortino Ratio Rank: 67
XDBG.L Omega Ratio Rank: 77
XDBG.L Calmar Ratio Rank: 86
XDBG.L Martin Ratio Rank: 72

XNAS.L

XNAS.L Risk / Return Rank: 76
XNAS.L Sharpe Ratio Rank: 80
XNAS.L Sortino Ratio Rank: 79
XNAS.L Omega Ratio Rank: 75
XNAS.L Calmar Ratio Rank: 74
XNAS.L Martin Ratio Rank: 71

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.

XDBG.L vs. XNAS.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 3C GBP Hedged (XDBG.L) and Xtrackers NASDAQ 100 UCITS ETF (XNAS.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.

	XDBG.L	XNAS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.68	-0.16
Sortino ratio: Return per unit of downside risk	3.02	3.56	-0.54
Omega ratio: Gain probability vs. loss probability	1.45	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	4.77	3.82	+0.95
Martin ratio: Return relative to average drawdown	13.39	10.85	+2.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDBG.L vs. XNAS.L - Sharpe Ratio Comparison

The current XDBG.L Sharpe Ratio is 2.52, which is comparable to the XNAS.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of XDBG.L and XNAS.L, 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

	XDBG.L	XNAS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.68	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.41	-1.33

Drawdowns

XDBG.L vs. XNAS.L - Drawdown Comparison

The maximum XDBG.L drawdown since its inception was -64.69%, which is greater than XNAS.L's maximum drawdown of -24.49%. Use the drawdown chart below to compare losses from any high point for XDBG.L and XNAS.L.

Drawdown Indicators

	XDBG.L	XNAS.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.69%	-24.49%	-40.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-11.08%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-13.02%	-24.49%	+11.47%
Max Drawdown (5Y) Largest decline over 5 years	-28.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	—	—
Current Drawdown Current decline from peak	-2.78%	0.00%	-2.78%
Average Drawdown Average peak-to-trough decline	-35.22%	-3.85%	-31.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	3.91%	-0.57%

Volatility

XDBG.L vs. XNAS.L - Volatility Comparison

The current volatility for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) is 4.24%, while Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) has a volatility of 4.93%. This indicates that XDBG.L experiences smaller price fluctuations and is considered to be less risky than XNAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDBG.L	XNAS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	4.93%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	11.49%	+3.67%
Volatility (1Y) Calculated over the trailing 1-year period	17.76%	15.78%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	18.98%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	18.98%	-2.97%

XDBG.L vs. XNAS.L - Expense Ratio Comparison

XDBG.L has a 0.39% expense ratio, which is higher than XNAS.L's 0.20% expense ratio.

Dividends

XDBG.L vs. XNAS.L - Dividend Comparison

Neither XDBG.L nor XNAS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDBG.L and XNAS.L in my portfolio?

XDBG.L and XNAS.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDBG.L or XNAS.L?

On fees, XNAS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDBG.L or XNAS.L?

XNAS.L is cheaper with a 0.20% expense ratio, compared with 0.39% for XDBG.L.

What is the main difference between XDBG.L and XNAS.L?

XDBG.L is categorized as Commodities, while XNAS.L is Nasdaq-100. XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while XNAS.L tracks NASDAQ-100 Index. Their fees differ too: 0.39% for XDBG.L and 0.20% for XNAS.L.