XGLD.L vs. BT-A.L

Last updated Jun 5, 2026

XGLD.L (Xtrackers Physical Gold ETC) is Precious Metals fund tracking the Gold, while BT-A.L (BT Group plc) is a stock. Over the past 10 years, XGLD.L returned 13.32%/yr vs -3.54%/yr for BT-A.L. At a 0.05 correlation, their price movements are largely independent.

Performance

XGLD.L vs. BT-A.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Physical Gold ETC (XGLD.L) and BT Group plc (BT-A.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XGLD.L is traded in USD, while BT-A.L is traded in GBp. To make them comparable, the BT-A.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XGLD.L achieves a 3.71% return, which is significantly lower than BT-A.L's 9.27% return. Over the past 10 years, XGLD.L has outperformed BT-A.L with an annualized return of 13.32%, while BT-A.L has yielded a comparatively lower -3.54% annualized return.

XGLD.L

• 1D: 0.61%
• 1M: -2.35%
• YTD: 3.71%
• 6M: 5.92%
• 1Y: 32.17%
• 3Y*: 31.36%
• 5Y*: 18.45%
• 10Y*: 13.32%

BT-A.L

• 1D: -0.64%
• 1M: -9.33%
• YTD: 9.27%
• 6M: 14.69%
• 1Y: 17.55%
• 3Y*: 20.93%
• 5Y*: 6.40%
• 10Y*: -3.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XGLD.L vs. BT-A.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XGLD.L Xtrackers Physical Gold ETC	3.71%	64.60%	25.87%	13.37%	-0.24%	-4.19%	24.11%	18.35%	-1.36%	11.68%
BT-A.L BT Group plc	9.27%	43.14%	21.63%	23.91%	-37.69%	28.79%	-29.17%	-8.63%	-11.85%	-14.56%

Correlation

The correlation between XGLD.L and BT-A.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jun 24, 2010	0.05

Return for Risk

XGLD.L vs. BT-A.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGLD.L

XGLD.L Risk / Return Rank: 35
XGLD.L Sharpe Ratio Rank: 37
XGLD.L Sortino Ratio Rank: 33
XGLD.L Omega Ratio Rank: 39
XGLD.L Calmar Ratio Rank: 36
XGLD.L Martin Ratio Rank: 32

BT-A.L

BT-A.L Risk / Return Rank: 60
BT-A.L Sharpe Ratio Rank: 65
BT-A.L Sortino Ratio Rank: 60
BT-A.L Omega Ratio Rank: 57
BT-A.L Calmar Ratio Rank: 61
BT-A.L Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGLD.L vs. BT-A.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and BT Group plc (BT-A.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.

	XGLD.L	BT-A.L	Difference
Sharpe ratio: Return per unit of total volatility	1.29	0.64	+0.65
Sortino ratio: Return per unit of downside risk	1.72	1.12	+0.60
Omega ratio: Gain probability vs. loss probability	1.25	1.14	+0.11
Calmar ratio: Return relative to maximum drawdown	1.77	0.78	+0.99
Martin ratio: Return relative to average drawdown	4.67	1.63	+3.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGLD.L vs. BT-A.L - Sharpe Ratio Comparison

The current XGLD.L Sharpe Ratio is 1.29, which is higher than the BT-A.L Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of XGLD.L and BT-A.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XGLD.L	BT-A.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.64	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	0.20	+0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	-0.11	+0.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	-0.01	+0.49

Drawdowns

XGLD.L vs. BT-A.L - Drawdown Comparison

The maximum XGLD.L drawdown since its inception was -45.19%, smaller than the maximum BT-A.L drawdown of -83.54%. Use the drawdown chart below to compare losses from any high point for XGLD.L and BT-A.L.

Drawdown Indicators

	XGLD.L	BT-A.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.19%	-83.54%	+38.35%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	-22.31%	+4.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.08%	-26.92%	+8.84%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	-52.51%	+31.45%
Max Drawdown (10Y) Largest decline over 10 years	-21.21%	-75.92%	+54.71%
Current Drawdown Current decline from peak	-15.94%	-41.85%	+25.91%
Average Drawdown Average peak-to-trough decline	-18.99%	-45.86%	+26.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	10.77%	-3.90%

Volatility

XGLD.L vs. BT-A.L - Volatility Comparison

The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 6.40%, while BT Group plc (BT-A.L) has a volatility of 11.75%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than BT-A.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGLD.L	BT-A.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	11.75%	-5.35%
Volatility (6M) Calculated over the trailing 6-month period	21.84%	21.16%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	24.81%	27.43%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	31.59%	-14.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	33.09%	-17.63%

Dividends

XGLD.L vs. BT-A.L - Dividend Comparison

XGLD.L has not paid dividends to shareholders, while BT-A.L's dividend yield for the trailing twelve months is around 4.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BT-A.L BT Group plc	4.07%	4.46%	5.62%	6.23%	6.87%	1.36%	0.00%	8.00%	6.37%	5.67%	3.94%	2.73%
XGLD.L Xtrackers Physical Gold ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XGLD.L and BT-A.L in my portfolio?

XGLD.L and BT-A.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.