XGLE.L vs. XDEM.L
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and XDEM.L (Xtrackers MSCI World Momentum Factor 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 XDEM.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, XGLE.L returned -0.38%/yr vs 15.71%/yr for XDEM.L. At a 0.02 correlation, their price movements are largely independent. XGLE.L charges 0.15%/yr vs 0.25%/yr for XDEM.L.
Performance
XGLE.L vs. XDEM.L - Performance Comparison
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Different Trading Currencies
XGLE.L is traded in EUR, while XDEM.L is traded in GBp. To make them comparable, the XDEM.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 XDEM.L with an annualized return of -0.38%, while XDEM.L has yielded a comparatively higher 15.71% 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%
XDEM.L
- 1D
- 0.00%
- 1M
- 10.42%
- YTD
- 22.76%
- 6M
- 24.41%
- 1Y
- 31.12%
- 3Y*
- 25.95%
- 5Y*
- 14.64%
- 10Y*
- 15.71%
XGLE.L vs. XDEM.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% |
XDEM.L Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 24.37% | 6.65% | 39.28% | 8.13% | -12.80% | 23.13% | 17.40% | 31.22% | 1.02% | 15.65% |
Correlation
The correlation between XGLE.L and XDEM.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2014 | 0.02 |
The correlation between XGLE.L and XDEM.L shifts across timeframes, from 0.02 (10 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGLE.L vs. XDEM.L — Risk / Return Rank
XGLE.L
XDEM.L
XGLE.L vs. XDEM.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 World Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 3.39 | -3.45 |
| Martin ratioReturn relative to average drawdown | -0.15 | 13.19 | -13.34 |
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 | XDEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 1.86 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.85 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.91 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.87 | -0.45 |
Drawdowns
XGLE.L vs. XDEM.L - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum XDEM.L drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for XGLE.L and XDEM.L.
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Drawdown Indicators
| XGLE.L | XDEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -30.16% | +7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -9.15% | +5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -22.76% | +18.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -22.76% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | -30.16% | +7.60% |
Current DrawdownCurrent decline from peak | -14.25% | 0.00% | -14.25% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -5.93% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.35% | -0.98% |
Volatility
XGLE.L vs. XDEM.L - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) is 1.72%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a volatility of 5.75%. This indicates that XGLE.L experiences smaller price fluctuations and is considered to be less risky than XDEM.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 | XDEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 5.75% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 14.09% | -10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 16.71% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 17.16% | -10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 17.30% | -11.96% |
XGLE.L vs. XDEM.L - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is lower than XDEM.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGLE.L vs. XDEM.L - Dividend Comparison
Neither XGLE.L nor XDEM.L has paid dividends to shareholders.
Frequently Asked Questions
XGLE.L and XDEM.L have a correlation of 0.21, 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 0.25% for XDEM.L.
XGLE.L is categorized as European Government Bonds, while XDEM.L is Momentum. XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while XDEM.L tracks MSCI World Momentum Index. Their fees differ too: 0.15% for XGLE.L and 0.25% for XDEM.L.
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