XDNS.L vs. XGLE.L
XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both exchange-traded funds - XDNS.L is a Japan Equities fund tracking the TOPIX TR JPY, 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, XDNS.L returned 9.68%/yr vs 0.62%/yr for XGLE.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
XDNS.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
XDNS.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
In the year-to-date period, XDNS.L achieves a 15.48% return, which is significantly higher than XGLE.L's -0.67% return. Over the past 10 years, XDNS.L has outperformed XGLE.L with an annualized return of 9.68%, while XGLE.L has yielded a comparatively lower 0.62% annualized return.
XDNS.L
- 1D
- -0.57%
- 1M
- 6.27%
- YTD
- 15.48%
- 6M
- 14.59%
- 1Y
- 32.42%
- 3Y*
- 14.60%
- 5Y*
- 9.38%
- 10Y*
- 9.68%
XGLE.L
- 1D
- 0.19%
- 1M
- 0.83%
- YTD
- -0.67%
- 6M
- -0.96%
- 1Y
- 2.65%
- 3Y*
- 2.50%
- 5Y*
- -2.15%
- 10Y*
- 0.62%
XDNS.L vs. XGLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 15.48% | 16.58% | 9.87% | 11.58% | -7.42% | 1.12% | 12.12% | 14.51% | -10.22% | 14.74% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.67% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 1.78% | 4.23% |
Correlation
The correlation between XDNS.L and XGLE.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015 | 0.13 |
The correlation between XDNS.L and XGLE.L shifts across timeframes, from 0.08 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDNS.L vs. XGLE.L — Risk / Return Rank
XDNS.L
XGLE.L
XDNS.L vs. XGLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.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.
| XDNS.L | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.08 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 0.58 | +3.23 |
| Martin ratioReturn relative to average drawdown | 11.43 | 1.30 | +10.13 |
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
| XDNS.L | XGLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.47 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | -0.29 | +0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.07 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.24 | +0.36 |
Drawdowns
XDNS.L vs. XGLE.L - Drawdown Comparison
The maximum XDNS.L drawdown since its inception was -24.75%, smaller than the maximum XGLE.L drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for XDNS.L and XGLE.L.
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Drawdown Indicators
| XDNS.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -26.78% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -4.53% | -6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -6.20% | -8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.29% | -20.99% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -26.78% | +2.03% |
Current DrawdownCurrent decline from peak | -0.57% | -18.89% | +18.32% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -10.13% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.04% | +2.00% |
Volatility
XDNS.L vs. XGLE.L - Volatility Comparison
Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) has a higher volatility of 3.89% compared to Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) at 2.02%. This indicates that XDNS.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
| XDNS.L | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 2.02% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.64% | 4.33% | +10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 5.58% | +13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 7.50% | +10.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 8.54% | +8.77% |
XDNS.L vs. XGLE.L - Expense Ratio Comparison
Both XDNS.L and XGLE.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XDNS.L vs. XGLE.L - Dividend Comparison
XDNS.L's dividend yield for the trailing twelve months is around 1.43%, while XGLE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 1.43% | 1.63% | 1.65% | 1.81% | 2.83% | 1.46% | 1.79% | 1.77% | 1.20% | 1.97% | 0.64% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDNS.L and XGLE.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XDNS.L and XGLE.L have the same expense ratio: 0.15% per year.
XDNS.L is categorized as Japan Equities, while XGLE.L is European Government Bonds. XDNS.L tracks TOPIX TR JPY, while XGLE.L tracks Bloomberg Euro Agg Govt TR EUR.
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