XGDU.DE vs. CEMU.AS
XGDU.DE (Xtrackers IE Physical Gold ETC Securities) and CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) are both exchange-traded funds - XGDU.DE is a Precious Metals fund tracking the Gold, while CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, XGDU.DE returned 18.50%/yr vs 10.62%/yr for CEMU.AS. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
XGDU.DE vs. CEMU.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XGDU.DE achieves a -2.66% return, which is significantly lower than CEMU.AS's 8.68% return.
XGDU.DE
- 1D
- 2.94%
- 1M
- -9.05%
- YTD
- -2.66%
- 6M
- -0.07%
- 1Y
- 24.40%
- 3Y*
- 26.34%
- 5Y*
- 18.50%
- 10Y*
- —
CEMU.AS
- 1D
- 0.60%
- 1M
- 4.11%
- YTD
- 8.68%
- 6M
- 10.61%
- 1Y
- 18.65%
- 3Y*
- 16.12%
- 5Y*
- 10.62%
- 10Y*
- 10.03%
XGDU.DE vs. CEMU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDU.DE Xtrackers IE Physical Gold ETC Securities | -2.66% | 49.09% | 34.21% | 9.43% | 6.99% | 3.80% | -10.64% |
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.68% | 24.42% | 10.08% | 18.65% | -11.71% | 23.11% | 31.33% |
Correlation
The correlation between XGDU.DE and CEMU.AS 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020 | 0.02 |
Over the past year, XGDU.DE and CEMU.AS have become more correlated (0.23) than their long-term average of 0.02, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XGDU.DE vs. CEMU.AS — Risk / Return Rank
XGDU.DE
CEMU.AS
XGDU.DE vs. CEMU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) and iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS). 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.
| XGDU.DE | CEMU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.74 | -0.63 |
| Martin ratioReturn relative to average drawdown | 2.75 | 6.36 | -3.62 |
Loading charts...
Drawdowns
XGDU.DE vs. CEMU.AS - Drawdown Comparison
The maximum XGDU.DE drawdown since its inception was -21.77%, smaller than the maximum CEMU.AS drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for XGDU.DE and CEMU.AS.
Loading charts...
Drawdown Indicators
| XGDU.DE | CEMU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -38.38% | +16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -21.77% | -10.17% | -11.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -15.40% | -6.37% |
Max Drawdown (5Y)Largest decline over 5 years | -21.77% | -24.51% | +2.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.38% | — |
Current DrawdownCurrent decline from peak | -19.47% | -0.56% | -18.91% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -6.24% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.83% | 2.79% | +6.04% |
Volatility
XGDU.DE vs. CEMU.AS - Volatility Comparison
Xtrackers IE Physical Gold ETC Securities (XGDU.DE) has a higher volatility of 6.91% compared to iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) at 4.60%. This indicates that XGDU.DE's price experiences larger fluctuations and is considered to be riskier than CEMU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XGDU.DE | CEMU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 4.60% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 20.80% | 11.95% | +8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.30% | 14.49% | +17.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 16.16% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 17.08% | +1.62% |
XGDU.DE vs. CEMU.AS - Expense Ratio Comparison
Both XGDU.DE and CEMU.AS have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGDU.DE vs. CEMU.AS - Dividend Comparison
Neither XGDU.DE nor CEMU.AS has paid dividends to shareholders.
Frequently Asked Questions
XGDU.DE and CEMU.AS 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 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.DE and CEMU.AS have the same expense ratio: 0.12% per year.
XGDU.DE is categorized as Precious Metals, while CEMU.AS is Europe Equities. XGDU.DE tracks Gold, while CEMU.AS tracks MSCI EMU NR EUR. They also come from different issuers: Xtrackers and iShares.
Find the right allocation for XGDU.DE and CEMU.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer