XGLE.L vs. XCX6.L

Last updated Jun 4, 2026

XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and XCX6.L (Xtrackers MSCI China UCITS ETF 1C) are both exchange-traded funds - XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while XCX6.L is a China Equities fund tracking the MSCI China NR USD. Both are passively managed. Over the past 10 years, XGLE.L returned -0.38%/yr vs 4.63%/yr for XCX6.L. At a correlation of -0.01, they often move in opposite directions. XGLE.L charges 0.15%/yr vs 0.65%/yr for XCX6.L.

Performance

XGLE.L vs. XCX6.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) and Xtrackers MSCI China UCITS ETF 1C (XCX6.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XGLE.L is traded in EUR, while XCX6.L is traded in GBp. To make them comparable, the XCX6.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 XCX6.L with an annualized return of -0.38%, while XCX6.L has yielded a comparatively higher 4.63% 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%

XCX6.L

• 1D: -2.20%
• 1M: -1.70%
• YTD: -6.26%
• 6M: -7.91%
• 1Y: 4.54%
• 3Y*: 7.02%
• 5Y*: -4.55%
• 10Y*: 4.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XGLE.L vs. XCX6.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%
XCX6.L Xtrackers MSCI China UCITS ETF 1C	-6.26%	16.04%	26.39%	-15.34%	-17.83%	-16.13%	18.24%	25.03%	-15.33%	34.64%

Correlation

The correlation between XGLE.L and XCX6.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Nov 23, 2010	-0.01

The correlation between XGLE.L and XCX6.L shifts across timeframes, from -0.02 (10 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XGLE.L vs. XCX6.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGLE.L

XGLE.L Risk / Return Rank: 8
XGLE.L Sharpe Ratio Rank: 8
XGLE.L Sortino Ratio Rank: 7
XGLE.L Omega Ratio Rank: 7
XGLE.L Calmar Ratio Rank: 8
XGLE.L Martin Ratio Rank: 8

XCX6.L

XCX6.L Risk / Return Rank: 14
XCX6.L Sharpe Ratio Rank: 15
XCX6.L Sortino Ratio Rank: 14
XCX6.L Omega Ratio Rank: 14
XCX6.L Calmar Ratio Rank: 14
XCX6.L Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGLE.L vs. XCX6.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 MSCI China UCITS ETF 1C (XCX6.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	XCX6.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	0.24	-0.29
Sortino ratio: Return per unit of downside risk	-0.04	0.47	-0.51
Omega ratio: Gain probability vs. loss probability	1.00	1.06	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.06	0.27	-0.33
Martin ratio: Return relative to average drawdown	-0.15	0.56	-0.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGLE.L vs. XCX6.L - Sharpe Ratio Comparison

The current XGLE.L Sharpe Ratio is -0.05, which is lower than the XCX6.L Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of XGLE.L and XCX6.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XGLE.L	XCX6.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.24	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	-0.16	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	0.18	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.14	+0.27

Drawdowns

XGLE.L vs. XCX6.L - Drawdown Comparison

The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum XCX6.L drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for XGLE.L and XCX6.L.

Drawdown Indicators

	XGLE.L	XCX6.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.56%	-56.31%	+33.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.54%	-16.86%	+13.32%
Max Drawdown (3Y) Largest decline over 3 years	-3.99%	-24.84%	+20.85%
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	-49.81%	+28.19%
Max Drawdown (10Y) Largest decline over 10 years	-22.56%	-56.31%	+33.75%
Current Drawdown Current decline from peak	-14.25%	-33.30%	+19.05%
Average Drawdown Average peak-to-trough decline	-6.51%	-21.74%	+15.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	8.13%	-6.76%

Volatility

XGLE.L vs. XCX6.L - Volatility Comparison

The current volatility for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) is 1.72%, while Xtrackers MSCI China UCITS ETF 1C (XCX6.L) has a volatility of 7.37%. This indicates that XGLE.L experiences smaller price fluctuations and is considered to be less risky than XCX6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGLE.L	XCX6.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	7.37%	-5.65%
Volatility (6M) Calculated over the trailing 6-month period	3.54%	13.39%	-9.85%
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	18.96%	-14.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.34%	28.00%	-21.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.34%	25.50%	-20.16%

XGLE.L vs. XCX6.L - Expense Ratio Comparison

XGLE.L has a 0.15% expense ratio, which is lower than XCX6.L's 0.65% expense ratio.

Dividends

XGLE.L vs. XCX6.L - Dividend Comparison

Neither XGLE.L nor XCX6.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XGLE.L and XCX6.L in my portfolio?

XGLE.L and XCX6.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGLE.L or XCX6.L?

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.

Which ETF is cheaper, XGLE.L or XCX6.L?

XGLE.L is cheaper with a 0.15% expense ratio, compared with 0.65% for XCX6.L.

What is the main difference between XGLE.L and XCX6.L?

XGLE.L is categorized as European Government Bonds, while XCX6.L is China Equities. XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while XCX6.L tracks MSCI China NR USD. Their fees differ too: 0.15% for XGLE.L and 0.65% for XCX6.L.