XGLD.L vs. XGDG.L
XGLD.L (Xtrackers Physical Gold ETC) and XGDG.L (Xtrackers IE Physical Gold GBP Hedged ETC Securities) are both Precious Metals funds from Xtrackers - XGLD.L tracks the Gold while XGDG.L tracks the Gold (GBP Hedged). Both are passively managed. Over the past 5 years, XGLD.L returned 18.31%/yr vs 15.66%/yr for XGDG.L. Their correlation of 0.90 suggests significant overlap in exposure. XGLD.L charges 0.25%/yr vs 0.28%/yr for XGDG.L.
Performance
XGLD.L vs. XGDG.L - Performance Comparison
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Different Trading Currencies
XGLD.L is traded in USD, while XGDG.L is traded in GBp. To make them comparable, the XGDG.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 3.08% return, which is significantly higher than XGDG.L's 2.12% return.
XGLD.L
- 1D
- -1.36%
- 1M
- -4.18%
- YTD
- 3.08%
- 6M
- 5.21%
- 1Y
- 32.33%
- 3Y*
- 30.96%
- 5Y*
- 18.31%
- 10Y*
- 13.32%
XGDG.L
- 1D
- -1.71%
- 1M
- -5.36%
- YTD
- 2.12%
- 6M
- 4.93%
- 1Y
- 30.06%
- 3Y*
- 33.00%
- 5Y*
- 15.66%
- 10Y*
- —
XGLD.L vs. XGDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGLD.L Xtrackers Physical Gold ETC | 3.08% | 64.60% | 25.87% | 13.37% | -0.24% | -4.19% | 9.12% |
XGDG.L Xtrackers IE Physical Gold GBP Hedged ETC Securities | 2.12% | 75.46% | 23.07% | 17.38% | -11.73% | -6.58% | 20.05% |
Correlation
The correlation between XGLD.L and XGDG.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 26, 2020 | 0.90 |
The correlation between XGLD.L and XGDG.L has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
XGLD.L vs. XGDG.L — Risk / Return Rank
XGLD.L
XGDG.L
XGLD.L vs. XGDG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.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 | XGDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.44 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.75 | 3.63 | +1.12 |
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 | XGDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.09 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.72 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.79 | -0.31 |
Drawdowns
XGLD.L vs. XGDG.L - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.19%, which is greater than XGDG.L's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for XGLD.L and XGDG.L.
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Drawdown Indicators
| XGLD.L | XGDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -36.99% | -8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -20.83% | +2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -20.83% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -36.05% | +14.99% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | — | — |
Current DrawdownCurrent decline from peak | -16.45% | -19.14% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -9.64% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 8.27% | -1.47% |
Volatility
XGLD.L vs. XGDG.L - Volatility Comparison
The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 6.46%, while Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) has a volatility of 7.19%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than XGDG.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 | XGDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 7.19% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 23.93% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 27.52% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 21.64% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 21.43% | -5.97% |
XGLD.L vs. XGDG.L - Expense Ratio Comparison
XGLD.L has a 0.25% expense ratio, which is lower than XGDG.L's 0.28% expense ratio.
Dividends
XGLD.L vs. XGDG.L - Dividend Comparison
Neither XGLD.L nor XGDG.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XGLD.L and XGDG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGLD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLD.L is cheaper with a 0.25% expense ratio, compared with 0.28% for XGDG.L.
XGLD.L tracks Gold, while XGDG.L tracks Gold (GBP Hedged). Their fees differ too: 0.25% for XGLD.L and 0.28% for XGDG.L.
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