XGLE.L vs. XAUS.L
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and XAUS.L (Xtrackers S&P/ASX 200 UCITS ETF 1D) are both exchange-traded funds - XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while XAUS.L is a Asia Pacific Equities fund tracking the MSCI Australia NR USD. Both are passively managed. Over the past 10 years, XGLE.L returned -0.38%/yr vs 8.16%/yr for XAUS.L. At a 0.05 correlation, their price movements are largely independent. XGLE.L charges 0.15%/yr vs 0.50%/yr for XAUS.L.
Performance
XGLE.L vs. XAUS.L - Performance Comparison
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Different Trading Currencies
XGLE.L is traded in EUR, while XAUS.L is traded in GBp. To make them comparable, the XAUS.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 XAUS.L with an annualized return of -0.38%, while XAUS.L has yielded a comparatively higher 8.16% 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%
XAUS.L
- 1D
- -0.49%
- 1M
- 0.79%
- YTD
- 9.83%
- 6M
- 12.09%
- 1Y
- 14.54%
- 3Y*
- 9.63%
- 5Y*
- 6.41%
- 10Y*
- 8.16%
XGLE.L vs. XAUS.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% |
XAUS.L Xtrackers S&P/ASX 200 UCITS ETF 1D | 9.83% | 3.98% | 8.10% | 7.91% | -2.05% | 17.51% | 2.51% | 25.87% | -9.68% | 4.66% |
Correlation
The correlation between XGLE.L and XAUS.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2009 | 0.05 |
Over the past year, XGLE.L and XAUS.L have become more correlated (0.37) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
XGLE.L vs. XAUS.L — Risk / Return Rank
XGLE.L
XAUS.L
XGLE.L vs. XAUS.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 Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.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 | XAUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.71 | -1.77 |
| Martin ratioReturn relative to average drawdown | -0.15 | 5.25 | -5.40 |
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 | XAUS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 1.11 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.40 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.47 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.33 | +0.09 |
Drawdowns
XGLE.L vs. XAUS.L - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum XAUS.L drawdown of -53.98%. Use the drawdown chart below to compare losses from any high point for XGLE.L and XAUS.L.
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Drawdown Indicators
| XGLE.L | XAUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -53.98% | +31.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -8.68% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -23.91% | +19.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -23.91% | +2.29% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | -42.99% | +20.43% |
Current DrawdownCurrent decline from peak | -14.25% | -2.22% | -12.03% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -8.57% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.80% | -1.43% |
Volatility
XGLE.L vs. XAUS.L - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) is 1.72%, while Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.L) has a volatility of 4.15%. This indicates that XGLE.L experiences smaller price fluctuations and is considered to be less risky than XAUS.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 | XAUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 4.15% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 10.46% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 13.44% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 17.74% | -11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 21.31% | -15.97% |
XGLE.L vs. XAUS.L - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is lower than XAUS.L's 0.50% expense ratio.
Dividends
XGLE.L vs. XAUS.L - Dividend Comparison
XGLE.L has not paid dividends to shareholders, while XAUS.L's dividend yield for the trailing twelve months is around 2.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XAUS.L Xtrackers S&P/ASX 200 UCITS ETF 1D | 2.52% | 2.67% | 3.22% | 3.83% | 5.17% | 2.15% | 4.85% | 3.73% | 3.53% | 3.49% | 3.73% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 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
XGLE.L and XAUS.L have a correlation of 0.37, 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 0.50% for XAUS.L.
XGLE.L is categorized as European Government Bonds, while XAUS.L is Asia Pacific Equities. XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while XAUS.L tracks MSCI Australia NR USD. Their fees differ too: 0.15% for XGLE.L and 0.50% for XAUS.L.
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