XGES.L vs. KURE.L
XGES.L (Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C) and KURE.L (KraneShares MSCI All China Health Care Index UCITS ETF USD) are both Health & Biotech Equities funds tracking the MSCI World/Health Care NR USD, from DWS and MLC Management respectively. Both are passively managed. Over the past year, XGES.L returned 26.00% vs -10.03% for KURE.L. At a 0.39 correlation, their price movements are largely independent. XGES.L charges 0.35%/yr vs 0.65%/yr for KURE.L.
Performance
XGES.L vs. KURE.L - Performance Comparison
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Different Trading Currencies
XGES.L is traded in GBP, while KURE.L is traded in USD. To make them comparable, the KURE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGES.L achieves a -0.81% return, which is significantly higher than KURE.L's -10.32% return.
XGES.L
- 1D
- 4.22%
- 1M
- 6.75%
- YTD
- -0.81%
- 6M
- -4.42%
- 1Y
- 26.00%
- 3Y*
- 1.51%
- 5Y*
- —
- 10Y*
- —
KURE.L
- 1D
- -2.53%
- 1M
- -11.57%
- YTD
- -10.32%
- 6M
- -20.07%
- 1Y
- -10.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XGES.L vs. KURE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XGES.L Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C | -0.81% | 28.86% |
KURE.L KraneShares MSCI All China Health Care Index UCITS ETF USD | -10.32% | 11.24% |
Correlation
The correlation between XGES.L and KURE.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.39 |
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Return for Risk
XGES.L vs. KURE.L — Risk / Return Rank
XGES.L
KURE.L
XGES.L vs. KURE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C (XGES.L) and KraneShares MSCI All China Health Care Index UCITS ETF USD (KURE.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.
| XGES.L | KURE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.97 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | -0.27 | +1.96 |
| Martin ratioReturn relative to average drawdown | 4.09 | -0.56 | +4.65 |
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
| XGES.L | KURE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | -0.31 | +1.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.01 | -0.11 |
Drawdowns
XGES.L vs. KURE.L - Drawdown Comparison
The maximum XGES.L drawdown since its inception was -35.79%, which is greater than KURE.L's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for XGES.L and KURE.L.
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Drawdown Indicators
| XGES.L | KURE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.79% | -29.65% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -29.65% | +14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.52% | — | — |
Current DrawdownCurrent decline from peak | -12.59% | -29.65% | +17.06% |
Average DrawdownAverage peak-to-trough decline | -17.98% | -10.97% | -7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 14.42% | -8.08% |
Volatility
XGES.L vs. KURE.L - Volatility Comparison
The current volatility for Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C (XGES.L) is 6.45%, while KraneShares MSCI All China Health Care Index UCITS ETF USD (KURE.L) has a volatility of 6.97%. This indicates that XGES.L experiences smaller price fluctuations and is considered to be less risky than KURE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGES.L | KURE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 6.97% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 17.88% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 26.43% | -8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 26.09% | -7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 26.09% | -7.82% |
XGES.L vs. KURE.L - Expense Ratio Comparison
XGES.L has a 0.35% expense ratio, which is lower than KURE.L's 0.65% expense ratio.
Dividends
XGES.L vs. KURE.L - Dividend Comparison
Neither XGES.L nor KURE.L has paid dividends to shareholders.
Frequently Asked Questions
XGES.L and KURE.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGES.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGES.L is cheaper with a 0.35% expense ratio, compared with 0.65% for KURE.L.
Both ETFs track MSCI World/Health Care NR USD. They also come from different issuers: DWS and MLC Management. Their fees differ too: 0.35% for XGES.L and 0.65% for KURE.L.
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