XGLE.L vs. UC15.L
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both exchange-traded funds - XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while UC15.L is a Commodities fund tracking the UBS CMCI. Both are passively managed. Over the past 10 years, XGLE.L returned -0.38%/yr vs 8.90%/yr for UC15.L. At a correlation of -0.12, they often move in opposite directions. XGLE.L charges 0.15%/yr vs 0.34%/yr for UC15.L.
Performance
XGLE.L vs. UC15.L - Performance Comparison
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Different Trading Currencies
XGLE.L is traded in EUR, while UC15.L is traded in GBp. To make them comparable, the UC15.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
Over the past 10 years, XGLE.L has underperformed UC15.L with an annualized return of -0.38%, while UC15.L has yielded a comparatively higher 8.90% annualized return.
XGLE.L
- 1D
- -0.44%
- 1M
- 0.30%
- YTD
- -0.00%
- 6M
- -0.24%
- 1Y
- -0.20%
- 3Y*
- 2.18%
- 5Y*
- -2.30%
- 10Y*
- -0.38%
UC15.L
- 1D
- 0.04%
- 1M
- 2.46%
- YTD
- 24.04%
- 6M
- 24.24%
- 1Y
- 29.91%
- 3Y*
- 10.99%
- 5Y*
- 12.89%
- 10Y*
- 8.90%
XGLE.L vs. UC15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.00% | 0.57% | 1.68% | 6.80% | -18.23% | -3.63% | 4.76% | 6.62% | 0.78% | -0.04% |
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 24.04% | -2.78% | 11.57% | -4.53% | 23.27% | 44.96% | -7.78% | 12.01% | -6.42% | -6.63% |
Correlation
The correlation between XGLE.L and UC15.L is -0.38, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2013 | -0.12 |
Over the past year, the inverse relationship between XGLE.L and UC15.L has strengthened: their correlation has moved from -0.12 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
XGLE.L vs. UC15.L — Risk / Return Rank
XGLE.L
UC15.L
XGLE.L vs. UC15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.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.
| XGLE.L | UC15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 4.41 | -4.46 |
| Martin ratioReturn relative to average drawdown | -0.15 | 10.27 | -10.42 |
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
| XGLE.L | UC15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 1.94 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.85 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.60 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.32 | +0.09 |
Drawdowns
XGLE.L vs. UC15.L - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum UC15.L drawdown of -39.67%. Use the drawdown chart below to compare losses from any high point for XGLE.L and UC15.L.
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Drawdown Indicators
| XGLE.L | UC15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -39.67% | +17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -6.76% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -14.73% | +10.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -17.58% | -4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | -30.61% | +8.05% |
Current DrawdownCurrent decline from peak | -14.25% | -1.99% | -12.26% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -14.35% | +7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.90% | -1.53% |
Volatility
XGLE.L vs. UC15.L - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) is 1.72%, while UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) has a volatility of 5.39%. This indicates that XGLE.L experiences smaller price fluctuations and is considered to be less risky than UC15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLE.L | UC15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 5.39% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 12.43% | -8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 15.38% | -11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 15.18% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 14.81% | -9.47% |
XGLE.L vs. UC15.L - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is lower than UC15.L's 0.34% expense ratio.
Dividends
XGLE.L vs. UC15.L - Dividend Comparison
Neither XGLE.L nor UC15.L has paid dividends to shareholders.
Frequently Asked Questions
XGLE.L and UC15.L have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.L is cheaper with a 0.15% expense ratio, compared with 0.34% for UC15.L.
XGLE.L is categorized as European Government Bonds, while UC15.L is Commodities. XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while UC15.L tracks UBS CMCI. They also come from different issuers: DWS and UBS. Their fees differ too: 0.15% for XGLE.L and 0.34% for UC15.L.
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