XGLD.L vs. UNH

Last updated Jun 14, 2026

XGLD.L (Xtrackers Physical Gold ETC) is Gold fund tracking the Gold, while UNH (UnitedHealth Group Incorporated) is a stock. Over the past 10 years, XGLD.L returned 12.36%/yr vs 13.32%/yr for UNH. At a 0.01 correlation, their price movements are largely independent.

Performance

XGLD.L vs. UNH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Physical Gold ETC (XGLD.L) and UnitedHealth Group Incorporated (UNH). 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 lower than UNH's 24.71% return. Over the past 10 years, XGLD.L has underperformed UNH with an annualized return of 12.36%, while UNH has yielded a comparatively higher 13.32% annualized 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%

UNH

• 1D: 0.73%
• 1M: 3.72%
• YTD: 24.71%
• 6M: 20.44%
• 1Y: 33.97%
• 3Y*: -4.10%
• 5Y*: 2.27%
• 10Y*: 13.32%

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

XGLD.L vs. UNH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XGLD.L Xtrackers Physical Gold ETC	-2.14%	64.60%	25.87%	13.37%	-0.24%	-4.19%	24.11%	18.35%	-1.36%	11.68%
UNH UnitedHealth Group Incorporated	24.71%	-33.14%	-2.41%	0.80%	6.94%	45.20%	21.25%	20.00%	14.52%	39.83%

Correlation

The correlation between XGLD.L and UNH is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010	0.01

The correlation between XGLD.L and UNH shifts across timeframes, from 0.01 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XGLD.L vs. UNH — 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

UNH

UNH Risk / Return Rank: 66
UNH Sharpe Ratio Rank: 69
UNH Sortino Ratio Rank: 62
UNH Omega Ratio Rank: 67
UNH Calmar Ratio Rank: 65
UNH Martin Ratio Rank: 65

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. UNH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and UnitedHealth Group Incorporated (UNH). 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	UNH	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.80	+0.15
Sortino ratio: Return per unit of downside risk	1.34	1.26	+0.08
Omega ratio: Gain probability vs. loss probability	1.19	1.19	0.00
Calmar ratio: Return relative to maximum drawdown	1.04	1.11	-0.07
Martin ratio: Return relative to average drawdown	3.19	2.43	+0.77

XGLD.L vs. UNH - Sharpe Ratio Comparison

The current XGLD.L Sharpe Ratio is 0.95, which is comparable to the UNH Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of XGLD.L and UNH, 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. UNH - Drawdown Comparison

The maximum XGLD.L drawdown since its inception was -45.34%, smaller than the maximum UNH drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for XGLD.L and UNH.

Drawdown Indicators

	XGLD.L	UNH	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-74.37%	+29.03%
Max Drawdown (1Y) Largest decline over 1 year	-23.27%	-28.96%	+5.69%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-61.39%	+38.12%
Max Drawdown (5Y) Largest decline over 5 years	-23.27%	-61.39%	+38.12%
Max Drawdown (10Y) Largest decline over 10 years	-23.27%	-61.39%	+38.12%
Current Drawdown Current decline from peak	-20.68%	-32.27%	+11.59%
Average Drawdown Average peak-to-trough decline	-18.94%	-14.77%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.55%	13.19%	-5.64%

Volatility

XGLD.L vs. UNH - Volatility Comparison

Xtrackers Physical Gold ETC (XGLD.L) and UnitedHealth Group Incorporated (UNH) have volatilities of 7.75% and 7.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGLD.L	UNH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	7.60%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	22.54%	30.86%	-8.32%
Volatility (1Y) Calculated over the trailing 1-year period	25.47%	40.10%	-14.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	31.87%	-14.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	30.18%	-14.62%

Dividends

XGLD.L vs. UNH - Dividend Comparison

XGLD.L has not paid dividends to shareholders, while UNH's dividend yield for the trailing twelve months is around 2.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UNH UnitedHealth Group Incorporated	2.16%	2.64%	1.62%	1.38%	1.21%	1.12%	1.38%	1.41%	1.38%	1.30%	1.48%	1.59%
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 UNH in my portfolio?

XGLD.L and UNH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.