XDEM.L vs. XGLE.L
XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both exchange-traded funds - XDEM.L is a Momentum fund tracking the MSCI World Momentum Index, while XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, XDEM.L returned 16.89%/yr vs 0.31%/yr for XGLE.L. At a 0.10 correlation, their price movements are largely independent. XDEM.L charges 0.25%/yr vs 0.15%/yr for XGLE.L.
Performance
XDEM.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
XDEM.L is traded in GBp, while XGLE.L is traded in EUR. To make them comparable, the XGLE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
Over the past 10 years, XDEM.L has outperformed XGLE.L with an annualized return of 16.89%, while XGLE.L has yielded a comparatively lower 0.31% annualized return.
XDEM.L
- 1D
- -0.09%
- 1M
- 6.70%
- YTD
- 25.91%
- 6M
- 25.31%
- 1Y
- 39.12%
- 3Y*
- 27.85%
- 5Y*
- 14.98%
- 10Y*
- 16.89%
XGLE.L
- 1D
- 0.26%
- 1M
- 0.97%
- YTD
- -0.00%
- 6M
- 0.15%
- 1Y
- 2.11%
- 3Y*
- 2.78%
- 5Y*
- -1.97%
- 10Y*
- 0.31%
XDEM.L vs. XGLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEM.L Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 25.91% | 12.52% | 32.87% | 5.88% | -8.06% | 15.61% | 24.14% | 23.37% | 2.28% | 20.40% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.00% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 1.78% | 4.23% |
Correlation
The correlation between XDEM.L and XGLE.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2014 | 0.10 |
The correlation between XDEM.L and XGLE.L shifts across timeframes, from 0.02 (5 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDEM.L vs. XGLE.L — Risk / Return Rank
XDEM.L
XGLE.L
XDEM.L vs. XGLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) and Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.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.
| XDEM.L | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.07 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 0.46 | +3.86 |
| Martin ratioReturn relative to average drawdown | 16.33 | 0.97 | +15.36 |
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Drawdowns
XDEM.L vs. XGLE.L - Drawdown Comparison
The maximum XDEM.L drawdown since its inception was -44.39%, which is greater than XGLE.L's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for XDEM.L and XGLE.L.
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Drawdown Indicators
| XDEM.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.39% | -26.78% | -17.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -4.53% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -21.17% | -6.20% | -14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -20.99% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -23.38% | -26.78% | +3.40% |
Current DrawdownCurrent decline from peak | -2.86% | -18.35% | +15.49% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -9.40% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.17% | +0.22% |
Volatility
XDEM.L vs. XGLE.L - Volatility Comparison
Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a higher volatility of 7.33% compared to Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) at 1.45%. This indicates that XDEM.L's price experiences larger fluctuations and is considered to be riskier than XGLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEM.L | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 1.45% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 4.34% | +10.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 5.53% | +11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 7.49% | +14.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 8.18% | +14.17% |
XDEM.L vs. XGLE.L - Expense Ratio Comparison
XDEM.L has a 0.25% expense ratio, which is higher than XGLE.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDEM.L vs. XGLE.L - Dividend Comparison
Neither XDEM.L nor XGLE.L has paid dividends to shareholders.
Frequently Asked Questions
XDEM.L and XGLE.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDEM.L.
XDEM.L is categorized as Momentum, while XGLE.L is European Government Bonds. XDEM.L tracks MSCI World Momentum Index, while XGLE.L tracks Bloomberg Euro Agg Govt TR EUR. Their fees differ too: 0.25% for XDEM.L and 0.15% for XGLE.L.
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