XGDG.L vs. XGDU.L
XGDG.L (Xtrackers IE Physical Gold GBP Hedged ETC Securities) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both Precious Metals funds from Xtrackers - XGDG.L tracks the Gold (GBP Hedged) while XGDU.L tracks the Gold. Both are passively managed. Over the past 5 years, XGDG.L returned 16.88%/yr vs 19.89%/yr for XGDU.L. A 0.79 correlation means they provide meaningful diversification when combined. XGDG.L charges 0.28%/yr vs 0.12%/yr for XGDU.L.
Performance
XGDG.L vs. XGDU.L - Performance Comparison
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Different Trading Currencies
XGDG.L is traded in GBp, while XGDU.L is traded in USD. To make them comparable, the XGDU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGDG.L achieves a 2.36% return, which is significantly lower than XGDU.L's 4.19% return.
XGDG.L
- 1D
- -1.44%
- 1M
- -4.35%
- YTD
- 2.36%
- 6M
- 4.37%
- 1Y
- 30.94%
- 3Y*
- 29.69%
- 5Y*
- 16.88%
- 10Y*
- —
XGDU.L
- 1D
- 0.58%
- 1M
- -1.49%
- YTD
- 4.19%
- 6M
- 5.25%
- 1Y
- 33.63%
- 3Y*
- 28.24%
- 5Y*
- 19.89%
- 10Y*
- —
XGDG.L vs. XGDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDG.L Xtrackers IE Physical Gold GBP Hedged ETC Securities | 2.36% | 63.15% | 25.16% | 11.50% | -1.40% | -5.50% | 6.91% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | 4.19% | 52.97% | 28.40% | 7.78% | 11.98% | -3.90% | -3.12% |
Correlation
The correlation between XGDG.L and XGDU.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 26, 2020 | 0.79 |
The correlation between XGDG.L and XGDU.L shifts across timeframes, from 0.79 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGDG.L vs. XGDU.L — Risk / Return Rank
XGDG.L
XGDU.L
XGDG.L vs. XGDU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.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.
| XGDG.L | XGDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.90 | -0.24 |
| Martin ratioReturn relative to average drawdown | 4.46 | 5.03 | -0.57 |
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
| XGDG.L | XGDU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.39 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 1.19 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.94 | -0.08 |
Drawdowns
XGDG.L vs. XGDU.L - Drawdown Comparison
The maximum XGDG.L drawdown since its inception was -23.31%, roughly equal to the maximum XGDU.L drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for XGDG.L and XGDU.L.
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Drawdown Indicators
| XGDG.L | XGDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -22.90% | -0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -17.64% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.55% | -17.64% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -17.64% | -4.26% |
Current DrawdownCurrent decline from peak | -16.82% | -15.91% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -6.61% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 6.67% | +0.25% |
Volatility
XGDG.L vs. XGDU.L - Volatility Comparison
Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) has a higher volatility of 6.36% compared to Xtrackers IE Physical Gold ETC Securities (XGDU.L) at 5.97%. This indicates that XGDG.L's price experiences larger fluctuations and is considered to be riskier than XGDU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDG.L | XGDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 5.97% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 22.32% | 21.20% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.25% | 24.12% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 16.76% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 16.83% | +0.47% |
XGDG.L vs. XGDU.L - Expense Ratio Comparison
XGDG.L has a 0.28% expense ratio, which is higher than XGDU.L's 0.12% expense ratio.
Dividends
XGDG.L vs. XGDU.L - Dividend Comparison
Neither XGDG.L nor XGDU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XGDG.L and XGDU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.28% for XGDG.L.
XGDG.L tracks Gold (GBP Hedged), while XGDU.L tracks Gold. Their fees differ too: 0.28% for XGDG.L and 0.12% for XGDU.L.
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