XGLE.L vs. XBCU.L
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and XBCU.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) are both exchange-traded funds - XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while XBCU.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. Both are passively managed. Over the past 10 years, XGLE.L returned -0.38%/yr vs 9.92%/yr for XBCU.L. At a correlation of -0.05, they often move in opposite directions. XGLE.L charges 0.15%/yr vs 0.29%/yr for XBCU.L.
Performance
XGLE.L vs. XBCU.L - Performance Comparison
Loading charts...
Different Trading Currencies
XGLE.L is traded in EUR, while XBCU.L is traded in USD. To make them comparable, the XBCU.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 XBCU.L with an annualized return of -0.38%, while XBCU.L has yielded a comparatively higher 9.92% 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%
XBCU.L
- 1D
- 0.22%
- 1M
- 3.00%
- YTD
- 25.23%
- 6M
- 27.13%
- 1Y
- 43.41%
- 3Y*
- 16.70%
- 5Y*
- 16.76%
- 10Y*
- 9.92%
XGLE.L vs. XBCU.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% |
XBCU.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 25.23% | 11.13% | 15.81% | -12.67% | 28.46% | 50.07% | -9.47% | 9.97% | -7.14% | -7.63% |
Correlation
The correlation between XGLE.L and XBCU.L is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2010 | -0.05 |
Over the past year, the inverse relationship between XGLE.L and XBCU.L has strengthened: their correlation has moved from -0.05 to -0.27, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XGLE.L vs. XBCU.L — Risk / Return Rank
XGLE.L
XBCU.L
XGLE.L vs. XBCU.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 Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.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 | XBCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 4.81 | -4.87 |
| Martin ratioReturn relative to average drawdown | -0.15 | 11.41 | -11.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XGLE.L | XBCU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 2.32 | -2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.90 | -1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.59 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.29 | +0.13 |
Drawdowns
XGLE.L vs. XBCU.L - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum XBCU.L drawdown of -54.54%. Use the drawdown chart below to compare losses from any high point for XGLE.L and XBCU.L.
Loading charts...
Drawdown Indicators
| XGLE.L | XBCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -54.54% | +31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -8.97% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -15.32% | +11.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -28.55% | +6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | -35.03% | +12.47% |
Current DrawdownCurrent decline from peak | -14.25% | -1.32% | -12.93% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -24.14% | +17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.79% | -2.42% |
Volatility
XGLE.L vs. XBCU.L - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) is 1.72%, while Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) has a volatility of 4.43%. This indicates that XGLE.L experiences smaller price fluctuations and is considered to be less risky than XBCU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XGLE.L | XBCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 4.43% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 15.43% | -11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 18.64% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 18.60% | -12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 16.91% | -11.57% |
XGLE.L vs. XBCU.L - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is lower than XBCU.L's 0.29% expense ratio.
Dividends
XGLE.L vs. XBCU.L - Dividend Comparison
Neither XGLE.L nor XBCU.L has paid dividends to shareholders.
Frequently Asked Questions
XGLE.L and XBCU.L have a correlation of -0.27, 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 0.29% for XBCU.L.
XGLE.L is categorized as European Government Bonds, while XBCU.L is Commodities. XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while XBCU.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. Their fees differ too: 0.15% for XGLE.L and 0.29% for XBCU.L.
Find the right allocation for XGLE.L and XBCU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer