XDEP.DE vs. AAAU
XDEP.DE (Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - XDEP.DE is a European Corporate Bonds fund tracking the iBoxx® EUR Corporates Yield Plus, while AAAU is a Gold fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past 5 years, XDEP.DE returned 0.29%/yr vs 19.70%/yr for AAAU. At a 0.14 correlation, their price movements are largely independent. XDEP.DE charges 0.25%/yr vs 0.18%/yr for AAAU.
Performance
XDEP.DE vs. AAAU - Performance Comparison
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Different Trading Currencies
XDEP.DE is traded in EUR, while AAAU is traded in USD. To make them comparable, the AAAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEP.DE achieves a 0.60% return, which is significantly lower than AAAU's 5.01% return.
XDEP.DE
- 1D
- 0.09%
- 1M
- 0.22%
- YTD
- 0.60%
- 6M
- 0.55%
- 1Y
- 2.53%
- 3Y*
- 5.50%
- 5Y*
- 0.29%
- 10Y*
- —
AAAU
- 1D
- 0.00%
- 1M
- -3.44%
- YTD
- 5.01%
- 6M
- 6.77%
- 1Y
- 31.32%
- 3Y*
- 27.85%
- 5Y*
- 19.70%
- 10Y*
- —
XDEP.DE vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 0.60% | 3.58% | 5.25% | 9.38% | -15.31% | -0.31% | 2.90% | 8.79% | -1.89% |
AAAU Goldman Sachs Physical Gold ETF | 2.01% | 44.59% | 35.29% | 9.58% | 5.67% | 3.17% | 14.71% | 20.84% | 8.07% |
Correlation
The correlation between XDEP.DE and AAAU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.14 |
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Return for Risk
XDEP.DE vs. AAAU — Risk / Return Rank
XDEP.DE
AAAU
XDEP.DE vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| XDEP.DE | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.84 | -1.14 |
| Martin ratioReturn relative to average drawdown | 2.39 | 4.36 | -1.97 |
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
| XDEP.DE | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.26 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 1.19 | -1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.15 | -0.85 |
Drawdowns
XDEP.DE vs. AAAU - Drawdown Comparison
The maximum XDEP.DE drawdown since its inception was -19.79%, which is greater than AAAU's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for XDEP.DE and AAAU.
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Drawdown Indicators
| XDEP.DE | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -18.54% | -1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -17.11% | +13.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -17.11% | +13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.79% | -17.11% | -2.68% |
Current DrawdownCurrent decline from peak | -0.90% | -15.47% | +14.57% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -5.27% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 7.21% | -6.26% |
Volatility
XDEP.DE vs. AAAU - Volatility Comparison
The current volatility for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) is 1.21%, while Goldman Sachs Physical Gold ETF (AAAU) has a volatility of 3.74%. This indicates that XDEP.DE experiences smaller price fluctuations and is considered to be less risky than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEP.DE | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 3.74% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 21.58% | -18.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 24.92% | -21.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 16.56% | -11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 15.81% | -10.53% |
XDEP.DE vs. AAAU - Expense Ratio Comparison
XDEP.DE has a 0.25% expense ratio, which is higher than AAAU's 0.18% 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
XDEP.DE vs. AAAU - Dividend Comparison
XDEP.DE's dividend yield for the trailing twelve months is around 2.88%, while AAAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 2.88% | 2.73% | 2.26% | 1.68% | 2.51% | 1.53% | 1.85% | 1.40% | 0.72% |
Frequently Asked Questions
XDEP.DE and AAAU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAAU is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAAU is cheaper with a 0.18% expense ratio, compared with 0.25% for XDEP.DE.
XDEP.DE is categorized as European Corporate Bonds, while AAAU is Gold. XDEP.DE tracks iBoxx® EUR Corporates Yield Plus, while AAAU tracks LBMA Gold PM Price. They also come from different issuers: Xtrackers and Goldman Sachs. Their fees differ too: 0.25% for XDEP.DE and 0.18% for AAAU.
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