XESE.L vs. IGL5.L
XESE.L (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both exchange-traded funds - XESE.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IGL5.L is a European Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, XESE.L returned 15.76%/yr vs 4.78%/yr for IGL5.L. At a 0.14 correlation, their price movements are largely independent. XESE.L charges 0.25%/yr vs 0.07%/yr for IGL5.L.
Performance
XESE.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, XESE.L achieves a 12.35% return, which is significantly higher than IGL5.L's 1.62% return.
XESE.L
- 1D
- -0.29%
- 1M
- 3.62%
- YTD
- 12.35%
- 6M
- 13.13%
- 1Y
- 28.43%
- 3Y*
- 15.76%
- 5Y*
- 3.16%
- 10Y*
- —
IGL5.L
- 1D
- 0.18%
- 1M
- 0.89%
- YTD
- 1.62%
- 6M
- 1.25%
- 1Y
- 3.28%
- 3Y*
- 4.78%
- 5Y*
- —
- 10Y*
- —
XESE.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XESE.L Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 12.35% | 22.03% | 12.08% | -1.68% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 1.62% | 4.50% | 2.70% | 4.01% |
Correlation
The correlation between XESE.L and IGL5.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.14 |
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Return for Risk
XESE.L vs. IGL5.L — Risk / Return Rank
XESE.L
IGL5.L
XESE.L vs. IGL5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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.
| XESE.L | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.68 | +0.96 |
| Martin ratioReturn relative to average drawdown | 8.09 | 5.68 | +2.41 |
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Drawdowns
XESE.L vs. IGL5.L - Drawdown Comparison
The maximum XESE.L drawdown since its inception was -37.68%, which is greater than IGL5.L's maximum drawdown of -2.00%. Use the drawdown chart below to compare losses from any high point for XESE.L and IGL5.L.
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Drawdown Indicators
| XESE.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -2.00% | -35.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -1.94% | -8.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -1.94% | -14.94% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | — | — |
Current DrawdownCurrent decline from peak | -5.07% | 0.00% | -5.07% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -0.31% | -17.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 0.58% | +2.93% |
Volatility
XESE.L vs. IGL5.L - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) has a higher volatility of 8.96% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.61%. This indicates that XESE.L's price experiences larger fluctuations and is considered to be riskier than IGL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XESE.L | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 0.61% | +8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 2.24% | +12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 2.58% | +15.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 2.57% | +15.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 2.57% | +15.88% |
XESE.L vs. IGL5.L - Expense Ratio Comparison
XESE.L has a 0.25% expense ratio, which is higher than IGL5.L's 0.07% 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
XESE.L vs. IGL5.L - Dividend Comparison
Neither XESE.L nor IGL5.L has paid dividends to shareholders.
Frequently Asked Questions
XESE.L and IGL5.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.25% for XESE.L.
XESE.L is categorized as Emerging Markets Equities, while IGL5.L is European Government Bonds. XESE.L tracks MSCI EM NR USD, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XESE.L and 0.07% for IGL5.L.
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