XGDU.L vs. IBTA.L
XGDU.L (Xtrackers IE Physical Gold ETC Securities) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - XGDU.L is a Gold fund tracking the Gold, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, XGDU.L returned 17.57%/yr vs 1.92%/yr for IBTA.L. At a 0.27 correlation, their price movements are largely independent. XGDU.L charges 0.12%/yr vs 0.07%/yr for IBTA.L.
Performance
XGDU.L vs. IBTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGDU.L achieves a -6.56% return, which is significantly lower than IBTA.L's 0.51% return.
XGDU.L
- 1D
- 0.47%
- 1M
- -10.65%
- YTD
- -6.56%
- 6M
- -10.43%
- 1Y
- 21.03%
- 3Y*
- 27.69%
- 5Y*
- 17.57%
- 10Y*
- —
IBTA.L
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 0.51%
- 6M
- 0.85%
- 1Y
- 3.12%
- 3Y*
- 4.33%
- 5Y*
- 1.92%
- 10Y*
- —
XGDU.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDU.L Xtrackers IE Physical Gold ETC Securities | -6.56% | 64.73% | 26.19% | 13.45% | -0.09% | -4.08% | 10.70% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.51% | 5.34% | 4.07% | 4.21% | -3.75% | -0.64% | 0.23% |
Correlation
The correlation between XGDU.L and IBTA.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020 | 0.27 |
The correlation between XGDU.L and IBTA.L shifts across timeframes, from 0.16 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XGDU.L vs. IBTA.L — Risk / Return Rank
XGDU.L
IBTA.L
XGDU.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| XGDU.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.55 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 4.62 | -3.77 |
| Martin ratioReturn relative to average drawdown | 2.48 | 15.80 | -13.32 |
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Drawdowns
XGDU.L vs. IBTA.L - Drawdown Comparison
The maximum XGDU.L drawdown since its inception was -24.55%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for XGDU.L and IBTA.L.
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Drawdown Indicators
| XGDU.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.55% | -5.80% | -18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -24.55% | -0.67% | -23.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.55% | -0.89% | -23.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.55% | -5.70% | -18.85% |
Current DrawdownCurrent decline from peak | -24.19% | 0.00% | -24.19% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -0.96% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 0.20% | +8.26% |
Volatility
XGDU.L vs. IBTA.L - Volatility Comparison
Xtrackers IE Physical Gold ETC Securities (XGDU.L) has a higher volatility of 9.15% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.52%. This indicates that XGDU.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDU.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 0.52% | +8.63% |
Volatility (6M)Calculated over the trailing 6-month period | 23.16% | 1.13% | +22.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.02% | 1.58% | +24.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 2.17% | +15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 1.93% | +15.46% |
XGDU.L vs. IBTA.L - Expense Ratio Comparison
XGDU.L has a 0.12% expense ratio, which is higher than IBTA.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
XGDU.L vs. IBTA.L - Dividend Comparison
Neither XGDU.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
XGDU.L and IBTA.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.12% for XGDU.L.
XGDU.L is categorized as Gold, while IBTA.L is Government Bonds. XGDU.L tracks Gold, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XGDU.L and 0.07% for IBTA.L.
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