XGDU.DE vs. GLL
XGDU.DE (Xtrackers IE Physical Gold ETC Securities) and GLL (ProShares UltraShort Gold) are both exchange-traded funds - XGDU.DE is a Gold fund tracking the Gold, while GLL is a Leveraged Commodities fund tracking the Bloomberg Gold (-200%). Both are passively managed. Over the past 5 years, XGDU.DE returned 18.72%/yr vs -27.16%/yr for GLL. At a correlation of -0.61, they often move in opposite directions. XGDU.DE charges 0.12%/yr vs 0.95%/yr for GLL.
Performance
XGDU.DE vs. GLL - Performance Comparison
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Different Trading Currencies
XGDU.DE is traded in EUR, while GLL is traded in USD. To make them comparable, the GLL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGDU.DE achieves a -5.61% return, which is significantly lower than GLL's 6.12% return.
XGDU.DE
- 1D
- 0.13%
- 1M
- -8.80%
- YTD
- -5.61%
- 6M
- -6.76%
- 1Y
- 23.53%
- 3Y*
- 25.91%
- 5Y*
- 18.72%
- 10Y*
- —
GLL
- 1D
- -1.90%
- 1M
- 26.47%
- YTD
- 6.12%
- 6M
- 14.60%
- 1Y
- -37.19%
- 3Y*
- -39.30%
- 5Y*
- -27.16%
- 10Y*
- -21.11%
XGDU.DE vs. GLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDU.DE Xtrackers IE Physical Gold ETC Securities | -5.61% | 49.09% | 34.21% | 9.43% | 6.99% | 3.80% | -10.64% |
GLL ProShares UltraShort Gold | 6.12% | -67.23% | -28.93% | -17.46% | 3.95% | 9.26% | -30.80% |
Correlation
The correlation between XGDU.DE and GLL is -0.71, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020 | -0.61 |
The correlation between XGDU.DE and GLL shifts across timeframes, from -0.71 (1 year) to -0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XGDU.DE vs. GLL — Risk / Return Rank
XGDU.DE
GLL
XGDU.DE vs. GLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) and ProShares UltraShort Gold (GLL). 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 | GLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.57 | +1.63 |
| Martin ratioReturn relative to average drawdown | 2.47 | -0.84 | +3.31 |
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Drawdowns
XGDU.DE vs. GLL - Drawdown Comparison
The maximum XGDU.DE drawdown since its inception was -22.01%, smaller than the maximum GLL drawdown of -99.17%. Use the drawdown chart below to compare losses from any high point for XGDU.DE and GLL.
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Drawdown Indicators
| XGDU.DE | GLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.01% | -99.17% | +77.16% |
Max Drawdown (1Y)Largest decline over 1 year | -22.01% | -65.97% | +43.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.01% | -89.17% | +67.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -91.59% | +69.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.23% | — |
Current DrawdownCurrent decline from peak | -21.91% | -98.57% | +76.66% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -84.83% | +78.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 44.27% | -34.78% |
Volatility
XGDU.DE vs. GLL - Volatility Comparison
The current volatility for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) is 8.00%, while ProShares UltraShort Gold (GLL) has a volatility of 18.14%. This indicates that XGDU.DE experiences smaller price fluctuations and is considered to be less risky than GLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDU.DE | GLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 18.14% | -10.14% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 49.15% | -27.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.53% | 57.40% | -24.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 40.02% | -21.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 35.83% | -17.07% |
XGDU.DE vs. GLL - Expense Ratio Comparison
XGDU.DE has a 0.12% expense ratio, which is lower than GLL's 0.95% expense ratio.
Dividends
XGDU.DE vs. GLL - Dividend Comparison
Neither XGDU.DE nor GLL has paid dividends to shareholders.
Frequently Asked Questions
XGDU.DE and GLL have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.DE is cheaper with a 0.12% expense ratio, compared with 0.95% for GLL.
XGDU.DE is categorized as Gold, while GLL is Leveraged Commodities. XGDU.DE tracks Gold, while GLL tracks Bloomberg Gold (-200%). They also come from different issuers: Xtrackers and ProShares. Their fees differ too: 0.12% for XGDU.DE and 0.95% for GLL.
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