XGLF.DE vs. IUSW.DE
XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) and IUSW.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index while IUSW.DE tracks the MSCI Saudi Arabia 20/35 Index. Both are passively managed. Over the past 5 years, XGLF.DE returned 5.40%/yr vs 2.26%/yr for IUSW.DE. A 0.76 correlation means they provide meaningful diversification when combined. XGLF.DE charges 0.65%/yr vs 0.60%/yr for IUSW.DE.
Performance
XGLF.DE vs. IUSW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XGLF.DE having a 6.19% return and IUSW.DE slightly lower at 6.10%.
XGLF.DE
- 1D
- 1.04%
- 1M
- 0.25%
- 6M
- 0.08%
- YTD
- 6.19%
- 1Y
- 4.64%
- 3Y*
- 3.71%
- 5Y*
- 5.40%
- 10Y*
- 7.56%
IUSW.DE
- 1D
- 0.00%
- 1M
- -2.16%
- 6M
- -1.09%
- YTD
- 6.10%
- 1Y
- 2.88%
- 3Y*
- -1.35%
- 5Y*
- 2.26%
- 10Y*
- —
XGLF.DE vs. IUSW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.19% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | -7.88% |
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 6.10% | -15.93% | 5.30% | 5.93% | 0.43% | 46.72% | -7.49% | -22.80% |
Correlation
The correlation between XGLF.DE and IUSW.DE is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.76 |
The correlation between XGLF.DE and IUSW.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
XGLF.DE vs. IUSW.DE — Risk / Return Rank
XGLF.DE
IUSW.DE
XGLF.DE vs. IUSW.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 MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.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 | IUSW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 0.24 | +0.27 |
| Martin ratioReturn relative to average drawdown | 1.11 | 0.58 | +0.54 |
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Drawdowns
XGLF.DE vs. IUSW.DE - Drawdown Comparison
The maximum XGLF.DE drawdown since its inception was -42.15%, smaller than the maximum IUSW.DE drawdown of -47.12%. Use the drawdown chart below to compare losses from any high point for XGLF.DE and IUSW.DE.
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Drawdown Indicators
| XGLF.DE | IUSW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -47.12% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -11.92% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -21.61% | +3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | -31.40% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.16% | — | — |
Current DrawdownCurrent decline from peak | -17.67% | -26.00% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -20.43% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 4.99% | -0.83% |
Volatility
XGLF.DE vs. IUSW.DE - Volatility Comparison
Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) has a higher volatility of 3.71% compared to iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.DE) at 2.72%. This indicates that XGLF.DE's price experiences larger fluctuations and is considered to be riskier than IUSW.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 | IUSW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 2.72% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 9.35% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 15.07% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 15.97% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 19.66% | -1.33% |
XGLF.DE vs. IUSW.DE - Expense Ratio Comparison
XGLF.DE has a 0.65% expense ratio, which is higher than IUSW.DE's 0.60% expense ratio.
Dividends
XGLF.DE vs. IUSW.DE - Dividend Comparison
XGLF.DE has not paid dividends to shareholders, while IUSW.DE's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 1.89% | 3.79% | 2.60% | 2.13% | 1.81% | 1.21% | 3.52% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGLF.DE and IUSW.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSW.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSW.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for XGLF.DE.
XGLF.DE tracks MSCI GCC Countries ex Select Securities Index, while IUSW.DE tracks MSCI Saudi Arabia 20/35 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for XGLF.DE and 0.60% for IUSW.DE.
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