XGLF.DE vs. IBC3.DE
XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both Emerging Markets Equities funds - XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index while IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, XGLF.DE returned 5.07%/yr vs 7.44%/yr for IBC3.DE. At a 0.42 correlation, their price movements are largely independent. XGLF.DE charges 0.65%/yr vs 0.18%/yr for IBC3.DE.
Performance
XGLF.DE vs. IBC3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGLF.DE achieves a 4.58% return, which is significantly lower than IBC3.DE's 19.60% return.
XGLF.DE
- 1D
- -0.17%
- 1M
- -2.76%
- 6M
- -1.28%
- YTD
- 4.58%
- 1Y
- 2.52%
- 3Y*
- 3.40%
- 5Y*
- 5.07%
- 10Y*
- 7.33%
IBC3.DE
- 1D
- -0.48%
- 1M
- -5.80%
- 6M
- 12.05%
- YTD
- 19.60%
- 1Y
- 32.30%
- 3Y*
- 18.04%
- 5Y*
- 7.44%
- 10Y*
- —
XGLF.DE vs. IBC3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 4.58% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | 9.50% | 24.30% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 19.60% | 17.06% | 13.96% | 7.10% | -13.77% | 6.90% | 7.20% | 21.13% | -27.74% |
Correlation
The correlation between XGLF.DE and IBC3.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.42 |
The correlation between XGLF.DE and IBC3.DE shifts across timeframes, from 0.30 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XGLF.DE vs. IBC3.DE — Risk / Return Rank
XGLF.DE
IBC3.DE
XGLF.DE vs. IBC3.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 iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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 | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.27 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 2.96 | -2.68 |
| Martin ratioReturn relative to average drawdown | 0.60 | 8.92 | -8.32 |
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Drawdowns
XGLF.DE vs. IBC3.DE - Drawdown Comparison
The maximum XGLF.DE drawdown since its inception was -42.15%, roughly equal to the maximum IBC3.DE drawdown of -40.21%. Use the drawdown chart below to compare losses from any high point for XGLF.DE and IBC3.DE.
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Drawdown Indicators
| XGLF.DE | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -40.21% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -10.87% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -19.06% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | -22.10% | -9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.16% | — | — |
Current DrawdownCurrent decline from peak | -18.93% | -10.06% | -8.87% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -12.90% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 3.61% | +0.57% |
Volatility
XGLF.DE vs. IBC3.DE - Volatility Comparison
The current volatility for Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) is 3.12%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a volatility of 8.55%. This indicates that XGLF.DE experiences smaller price fluctuations and is considered to be less risky than IBC3.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 | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 8.55% | -5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 19.51% | -10.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 21.83% | -9.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 17.38% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 20.02% | -1.69% |
XGLF.DE vs. IBC3.DE - Expense Ratio Comparison
XGLF.DE has a 0.65% expense ratio, which is higher than IBC3.DE's 0.18% expense ratio.
Dividends
XGLF.DE vs. IBC3.DE - Dividend Comparison
XGLF.DE has not paid dividends to shareholders, while IBC3.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.69% | 1.97% | 2.22% | 2.52% | 3.25% | 1.84% | 1.81% | 2.30% | 1.79% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGLF.DE and IBC3.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for XGLF.DE.
XGLF.DE tracks MSCI GCC Countries ex Select Securities Index, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for XGLF.DE and 0.18% for IBC3.DE.
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