XDNS.L vs. XGSI.L
XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) and XGSI.L (Xtrackers Global Government Bond UCITS ETF 3C USD hedged) are both exchange-traded funds - XDNS.L is a Japan Equities fund tracking the TOPIX TR JPY, while XGSI.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, XDNS.L returned 9.38%/yr vs 0.41%/yr for XGSI.L. At a 0.13 correlation, their price movements are largely independent. XDNS.L charges 0.15%/yr vs 0.25%/yr for XGSI.L.
Performance
XDNS.L vs. XGSI.L - Performance Comparison
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Different Trading Currencies
XDNS.L is traded in GBp, while XGSI.L is traded in USD. To make them comparable, the XGSI.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 XGSI.L's 0.05% 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%
XGSI.L
- 1D
- 0.08%
- 1M
- 1.20%
- YTD
- 0.05%
- 6M
- -0.97%
- 1Y
- 3.04%
- 3Y*
- 0.11%
- 5Y*
- 0.41%
- 10Y*
- —
XDNS.L vs. XGSI.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% | 12.88% |
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 0.05% | -3.42% | 3.01% | 0.55% | -3.00% | -1.56% | 2.75% | 3.35% | 8.32% | -4.45% |
Correlation
The correlation between XDNS.L and XGSI.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2017 | 0.13 |
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Return for Risk
XDNS.L vs. XGSI.L — Risk / Return Rank
XDNS.L
XGSI.L
XDNS.L vs. XGSI.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 Global Government Bond UCITS ETF 3C USD hedged (XGSI.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 | XGSI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.08 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 0.50 | +3.31 |
| Martin ratioReturn relative to average drawdown | 11.43 | 1.15 | +10.29 |
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 | XGSI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.44 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.04 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.06 | +0.54 |
Drawdowns
XDNS.L vs. XGSI.L - Drawdown Comparison
The maximum XDNS.L drawdown since its inception was -24.75%, which is greater than XGSI.L's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for XDNS.L and XGSI.L.
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Drawdown Indicators
| XDNS.L | XGSI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -22.36% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -6.10% | -4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -9.18% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.29% | -16.82% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -17.59% | +17.02% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -12.10% | +6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.65% | +1.39% |
Volatility
XDNS.L vs. XGSI.L - Volatility Comparison
Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) has a higher volatility of 3.89% compared to Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) at 1.88%. This indicates that XDNS.L's price experiences larger fluctuations and is considered to be riskier than XGSI.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 | XGSI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 1.88% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.64% | 5.15% | +9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 6.92% | +12.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 9.05% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 9.27% | +8.04% |
XDNS.L vs. XGSI.L - Expense Ratio Comparison
XDNS.L has a 0.15% expense ratio, which is lower than XGSI.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDNS.L vs. XGSI.L - Dividend Comparison
XDNS.L's dividend yield for the trailing twelve months is around 1.43%, while XGSI.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% |
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 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 XGSI.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDNS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDNS.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XGSI.L.
XDNS.L is categorized as Japan Equities, while XGSI.L is Global Bonds. XDNS.L tracks TOPIX TR JPY, while XGSI.L tracks Bloomberg Global Aggregate TR Hdg USD. Their fees differ too: 0.15% for XDNS.L and 0.25% for XGSI.L.
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