XDWI.DE vs. GLD
XDWI.DE (Xtrackers MSCI World Industrials UCITS ETF 1C) and GLD (SPDR Gold Shares) are both exchange-traded funds - XDWI.DE is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, XDWI.DE returned 12.07%/yr vs 12.87%/yr for GLD. At a 0.02 correlation, their price movements are largely independent. XDWI.DE charges 0.25%/yr vs 0.40%/yr for GLD.
Performance
XDWI.DE vs. GLD - Performance Comparison
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Different Trading Currencies
XDWI.DE is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDWI.DE achieves a 12.20% return, which is significantly higher than GLD's 4.15% return. Over the past 10 years, XDWI.DE has underperformed GLD with an annualized return of 12.07%, while GLD has yielded a comparatively higher 12.87% annualized return.
XDWI.DE
- 1D
- 0.11%
- 1M
- 1.18%
- YTD
- 12.20%
- 6M
- 13.38%
- 1Y
- 19.56%
- 3Y*
- 18.27%
- 5Y*
- 12.48%
- 10Y*
- 12.07%
GLD
- 1D
- 0.00%
- 1M
- -1.78%
- YTD
- 4.15%
- 6M
- 5.70%
- 1Y
- 29.06%
- 3Y*
- 27.37%
- 5Y*
- 19.26%
- 10Y*
- 12.87%
XDWI.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDWI.DE Xtrackers MSCI World Industrials UCITS ETF 1C | 12.20% | 12.06% | 19.50% | 19.04% | -7.86% | 26.23% | 1.52% | 31.50% | -11.18% | 10.04% |
GLD SPDR Gold Shares | 4.96% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 20.52% | 2.66% | -1.05% |
Correlation
The correlation between XDWI.DE and GLD 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2016 | 0.02 |
The correlation between XDWI.DE and GLD shifts across timeframes, from 0.02 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDWI.DE vs. GLD — Risk / Return Rank
XDWI.DE
GLD
XDWI.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.DE) and SPDR Gold Shares (GLD). 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.
| XDWI.DE | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.70 | +0.40 |
| Martin ratioReturn relative to average drawdown | 7.51 | 4.06 | +3.45 |
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
| XDWI.DE | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.16 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.16 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.87 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.65 | +0.06 |
Drawdowns
XDWI.DE vs. GLD - Drawdown Comparison
The maximum XDWI.DE drawdown since its inception was -38.10%, roughly equal to the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for XDWI.DE and GLD.
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Drawdown Indicators
| XDWI.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.10% | -37.47% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -17.14% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -17.14% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -19.09% | -17.14% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.10% | -18.63% | -19.47% |
Current DrawdownCurrent decline from peak | -0.98% | -16.17% | +15.19% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -12.17% | +7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 7.17% | -4.57% |
Volatility
XDWI.DE vs. GLD - Volatility Comparison
The current volatility for Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.DE) is 3.96%, while SPDR Gold Shares (GLD) has a volatility of 4.64%. This indicates that XDWI.DE experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWI.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.64% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 21.81% | -10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 25.18% | -10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 16.70% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 14.91% | +1.87% |
XDWI.DE vs. GLD - Expense Ratio Comparison
XDWI.DE has a 0.25% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
XDWI.DE vs. GLD - Dividend Comparison
Neither XDWI.DE nor GLD has paid dividends to shareholders.
Frequently Asked Questions
XDWI.DE and GLD 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, XDWI.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWI.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for GLD.
XDWI.DE is categorized as Industrials Equities, while GLD is Gold. XDWI.DE tracks MSCI World/Materials NR USD, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDWI.DE and 0.40% for GLD.
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