XGLF.DE vs. EMXC.DE
XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both Emerging Markets Equities funds - XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index while EMXC.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, XGLF.DE returned 5.16%/yr vs 13.80%/yr for EMXC.DE. At a 0.46 correlation, their price movements are largely independent. XGLF.DE charges 0.65%/yr vs 0.15%/yr for EMXC.DE.
Performance
XGLF.DE vs. EMXC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGLF.DE achieves a 6.06% return, which is significantly lower than EMXC.DE's 43.03% return.
XGLF.DE
- 1D
- 0.50%
- 1M
- 2.01%
- 6M
- 5.05%
- YTD
- 6.06%
- 1Y
- 5.74%
- 3Y*
- 3.33%
- 5Y*
- 5.16%
- 10Y*
- 8.00%
EMXC.DE
- 1D
- 2.86%
- 1M
- 0.14%
- 6M
- 39.96%
- YTD
- 43.03%
- 1Y
- 64.73%
- 3Y*
- 25.39%
- 5Y*
- 13.80%
- 10Y*
- —
XGLF.DE vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.06% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | -4.16% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 43.03% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
Correlation
The correlation between XGLF.DE and EMXC.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.46 |
The correlation between XGLF.DE and EMXC.DE shifts across timeframes, from 0.34 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XGLF.DE vs. EMXC.DE — Risk / Return Rank
XGLF.DE
EMXC.DE
XGLF.DE vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XGLF.DE | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.51 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 5.42 | -4.79 |
| Martin ratioReturn relative to average drawdown | 1.39 | 18.82 | -17.43 |
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Drawdowns
XGLF.DE vs. EMXC.DE - Drawdown Comparison
The maximum XGLF.DE drawdown since its inception was -42.15%, roughly equal to the maximum EMXC.DE drawdown of -40.89%. Use the drawdown chart below to compare losses from any high point for XGLF.DE and EMXC.DE.
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Drawdown Indicators
| XGLF.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -40.89% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -11.87% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -20.47% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | -20.47% | -10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -35.16% | — | — |
Current DrawdownCurrent decline from peak | -17.78% | -5.27% | -12.51% |
Average DrawdownAverage peak-to-trough decline | -18.26% | -7.72% | -10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 3.43% | +0.68% |
Volatility
XGLF.DE vs. EMXC.DE - Volatility Comparison
The current volatility for Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) is 4.44%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 10.93%. This indicates that XGLF.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLF.DE | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 10.93% | -6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 19.82% | -10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 22.15% | -9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 16.49% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 19.10% | -0.76% |
XGLF.DE vs. EMXC.DE - Expense Ratio Comparison
XGLF.DE has a 0.65% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio.
Dividends
XGLF.DE vs. EMXC.DE - Dividend Comparison
Neither XGLF.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLF.DE and EMXC.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for XGLF.DE.
XGLF.DE tracks MSCI GCC Countries ex Select Securities Index, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.65% for XGLF.DE and 0.15% for EMXC.DE.
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