XGLD.L vs. NU

Last updated Jun 14, 2026

XGLD.L (Xtrackers Physical Gold ETC) is Gold fund tracking the Gold, while NU (Nu Holdings Ltd.) is a stock. Over the past 3 years, XGLD.L returned 29.15%/yr vs 17.37%/yr for NU. At a 0.09 correlation, their price movements are largely independent.

Performance

XGLD.L vs. NU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Physical Gold ETC (XGLD.L) and Nu Holdings Ltd. (NU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XGLD.L achieves a -2.14% return, which is significantly higher than NU's -27.18% return.

XGLD.L

• 1D: 3.38%
• 1M: -9.98%
• YTD: -2.14%
• 6M: -1.50%
• 1Y: 22.86%
• 3Y*: 29.15%
• 5Y*: 17.29%
• 10Y*: 12.36%

NU

• 1D: 0.83%
• 1M: -5.72%
• YTD: -27.18%
• 6M: -27.87%
• 1Y: 2.44%
• 3Y*: 17.37%
• 5Y*: —
• 10Y*: —

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

XGLD.L vs. NU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XGLD.L Xtrackers Physical Gold ETC	-2.14%	64.60%	25.87%	13.37%	-0.24%	2.04%
NU Nu Holdings Ltd.	-27.18%	61.58%	24.37%	104.67%	-56.61%	-16.62%

Correlation

The correlation between XGLD.L and NU is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021	0.09

The correlation between XGLD.L and NU shifts across timeframes, from 0.09 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XGLD.L vs. NU — 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: 28
XGLD.L Sharpe Ratio Rank: 29
XGLD.L Sortino Ratio Rank: 27
XGLD.L Omega Ratio Rank: 31
XGLD.L Calmar Ratio Rank: 25
XGLD.L Martin Ratio Rank: 26

NU

NU Risk / Return Rank: 42
NU Sharpe Ratio Rank: 44
NU Sortino Ratio Rank: 40
NU Omega Ratio Rank: 39
NU Calmar Ratio Rank: 44
NU Martin Ratio Rank: 44

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. NU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and Nu Holdings Ltd. (NU). 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.

	XGLD.L	NU	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.04	+0.91
Sortino ratio: Return per unit of downside risk	1.34	0.32	+1.01
Omega ratio: Gain probability vs. loss probability	1.19	1.04	+0.15
Calmar ratio: Return relative to maximum drawdown	1.04	0.04	+0.99
Martin ratio: Return relative to average drawdown	3.19	0.10	+3.09

XGLD.L vs. NU - Sharpe Ratio Comparison

The current XGLD.L Sharpe Ratio is 0.95, which is higher than the NU Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of XGLD.L and NU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XGLD.L vs. NU - Drawdown Comparison

The maximum XGLD.L drawdown since its inception was -45.34%, smaller than the maximum NU drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for XGLD.L and NU.

Drawdown Indicators

	XGLD.L	NU	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-72.07%	+26.73%
Max Drawdown (1Y) Largest decline over 1 year	-23.27%	-38.17%	+14.90%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-39.58%	+16.31%
Max Drawdown (5Y) Largest decline over 5 years	-23.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.27%	—	—
Current Drawdown Current decline from peak	-20.68%	-35.02%	+14.34%
Average Drawdown Average peak-to-trough decline	-18.94%	-29.77%	+10.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.55%	15.36%	-7.81%

Volatility

XGLD.L vs. NU - Volatility Comparison

The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 7.75%, while Nu Holdings Ltd. (NU) has a volatility of 14.80%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than NU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGLD.L	NU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	14.80%	-7.05%
Volatility (6M) Calculated over the trailing 6-month period	22.54%	28.91%	-6.37%
Volatility (1Y) Calculated over the trailing 1-year period	25.47%	38.77%	-13.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	58.48%	-41.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	58.48%	-42.92%

Dividends

XGLD.L vs. NU - Dividend Comparison

Neither XGLD.L nor NU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XGLD.L and NU in my portfolio?

XGLD.L and NU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.