XGLD.L vs. XDEQ.L
XGLD.L (Xtrackers Physical Gold ETC) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XGLD.L is a Precious Metals fund tracking the Gold, while XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XGLD.L returned 13.32%/yr vs 12.97%/yr for XDEQ.L. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
XGLD.L vs. XDEQ.L - Performance Comparison
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Different Trading Currencies
XGLD.L is traded in USD, while XDEQ.L is traded in GBp. To make them comparable, the XDEQ.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 XDEQ.L's 8.37% return. Both investments have delivered pretty close results over the past 10 years, with XGLD.L having a 13.32% annualized return and XDEQ.L not far behind at 12.97%.
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%
XDEQ.L
- 1D
- 0.97%
- 1M
- 3.67%
- YTD
- 8.37%
- 6M
- 10.00%
- 1Y
- 21.10%
- 3Y*
- 18.26%
- 5Y*
- 10.38%
- 10Y*
- 12.97%
XGLD.L vs. XDEQ.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% |
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 8.37% | 15.63% | 16.92% | 25.51% | -19.12% | 23.44% | 15.50% | 34.70% | -10.09% | 22.66% |
Correlation
The correlation between XGLD.L and XDEQ.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2014 | 0.10 |
The correlation between XGLD.L and XDEQ.L shifts across timeframes, from 0.10 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGLD.L vs. XDEQ.L — Risk / Return Rank
XGLD.L
XDEQ.L
XGLD.L vs. XDEQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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 | XDEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.39 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.67 | 10.20 | -5.53 |
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
| XGLD.L | XDEQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.92 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.69 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.98 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.98 | -0.49 |
Drawdowns
XGLD.L vs. XDEQ.L - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.19%, which is greater than XDEQ.L's maximum drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for XGLD.L and XDEQ.L.
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Drawdown Indicators
| XGLD.L | XDEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -32.05% | -13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -8.79% | -9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -16.64% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -28.33% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -32.05% | +10.84% |
Current DrawdownCurrent decline from peak | -15.94% | 0.00% | -15.94% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -5.29% | -13.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 2.06% | +4.81% |
Volatility
XGLD.L vs. XDEQ.L - Volatility Comparison
Xtrackers Physical Gold ETC (XGLD.L) has a higher volatility of 6.40% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.68%. This indicates that XGLD.L's price experiences larger fluctuations and is considered to be riskier than XDEQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLD.L | XDEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 2.68% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 8.35% | +13.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.81% | 10.98% | +13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 15.32% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 18.28% | -2.82% |
XGLD.L vs. XDEQ.L - Expense Ratio Comparison
Both XGLD.L and XDEQ.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGLD.L vs. XDEQ.L - Dividend Comparison
Neither XGLD.L nor XDEQ.L has paid dividends to shareholders.
Frequently Asked Questions
XGLD.L and XDEQ.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGLD.L and XDEQ.L have the same expense ratio: 0.25% per year.
XGLD.L is categorized as Precious Metals, while XDEQ.L is Global Equities. XGLD.L tracks Gold, while XDEQ.L tracks MSCI ACWI NR USD.
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