XGLF.DE vs. H4Z3.DE
XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) and H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index while H4Z3.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, XGLF.DE returned 3.33%/yr vs 19.25%/yr for H4Z3.DE. At a 0.40 correlation, their price movements are largely independent. XGLF.DE charges 0.65%/yr vs 0.15%/yr for H4Z3.DE.
Performance
XGLF.DE vs. H4Z3.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 H4Z3.DE's 25.10% 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%
H4Z3.DE
- 1D
- 0.00%
- 1M
- -3.70%
- 6M
- 22.51%
- YTD
- 25.10%
- 1Y
- 42.87%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
XGLF.DE vs. H4Z3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.06% | -5.36% | 9.58% | 0.55% | -11.11% |
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 25.10% | 18.60% | 13.73% | 4.66% | -5.78% |
Correlation
The correlation between XGLF.DE and H4Z3.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.40 |
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Return for Risk
XGLF.DE vs. H4Z3.DE — Risk / Return Rank
XGLF.DE
H4Z3.DE
XGLF.DE vs. H4Z3.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 HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.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 | H4Z3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.40 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 4.11 | -3.48 |
| Martin ratioReturn relative to average drawdown | 1.39 | 13.45 | -12.06 |
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Drawdowns
XGLF.DE vs. H4Z3.DE - Drawdown Comparison
The maximum XGLF.DE drawdown since its inception was -42.15%, which is greater than H4Z3.DE's maximum drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for XGLF.DE and H4Z3.DE.
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Drawdown Indicators
| XGLF.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -18.86% | -23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -10.47% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -18.86% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.16% | — | — |
Current DrawdownCurrent decline from peak | -17.78% | -7.16% | -10.62% |
Average DrawdownAverage peak-to-trough decline | -18.26% | -4.93% | -13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 3.20% | +0.91% |
Volatility
XGLF.DE vs. H4Z3.DE - Volatility Comparison
The current volatility for Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) is 4.44%, while HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) has a volatility of 9.16%. This indicates that XGLF.DE experiences smaller price fluctuations and is considered to be less risky than H4Z3.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 | H4Z3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 9.16% | -4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 17.05% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 19.45% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 16.24% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 16.24% | +2.10% |
XGLF.DE vs. H4Z3.DE - Expense Ratio Comparison
XGLF.DE has a 0.65% expense ratio, which is higher than H4Z3.DE's 0.15% expense ratio.
Dividends
XGLF.DE vs. H4Z3.DE - Dividend Comparison
Neither XGLF.DE nor H4Z3.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLF.DE and H4Z3.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z3.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 H4Z3.DE tracks MSCI Emerging Markets. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.65% for XGLF.DE and 0.15% for H4Z3.DE.
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