XGLF.DE vs. XBAK.DE
XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) and XBAK.DE (Xtrackers MSCI Pakistan Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds from Xtrackers - XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index while XBAK.DE tracks the MSCI Pakistan Investable Market Index. Both are passively managed. Over the past 10 years, XGLF.DE returned 7.33%/yr vs -1.95%/yr for XBAK.DE. At a 0.23 correlation, their price movements are largely independent. XGLF.DE charges 0.65%/yr vs 0.85%/yr for XBAK.DE.
Performance
XGLF.DE vs. XBAK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XGLF.DE achieves a 4.58% return, which is significantly higher than XBAK.DE's 1.30% return. Over the past 10 years, XGLF.DE has outperformed XBAK.DE with an annualized return of 7.33%, while XBAK.DE has yielded a comparatively lower -1.95% annualized 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%
XBAK.DE
- 1D
- -0.64%
- 1M
- -1.27%
- 6M
- -5.45%
- YTD
- 1.30%
- 1Y
- 23.81%
- 3Y*
- 41.68%
- 5Y*
- 10.04%
- 10Y*
- -1.95%
XGLF.DE vs. XBAK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 22.95% | -7.49% |
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 1.30% | 20.31% | 75.92% | 15.36% | -24.63% | -7.97% | -15.81% | 1.89% | -29.80% | -33.77% |
Correlation
The correlation between XGLF.DE and XBAK.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XGLF.DE vs. XBAK.DE — Risk / Return Rank
XGLF.DE
XBAK.DE
XGLF.DE vs. XBAK.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 Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.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 | XBAK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.18 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 1.00 | -0.72 |
| Martin ratioReturn relative to average drawdown | 0.60 | 2.56 | -1.96 |
Loading charts...
Drawdowns
XGLF.DE vs. XBAK.DE - Drawdown Comparison
The maximum XGLF.DE drawdown since its inception was -42.15%, smaller than the maximum XBAK.DE drawdown of -79.30%. Use the drawdown chart below to compare losses from any high point for XGLF.DE and XBAK.DE.
Loading charts...
Drawdown Indicators
| XGLF.DE | XBAK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -79.30% | +37.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -23.67% | +14.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -23.67% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | -48.44% | +17.15% |
Max Drawdown (10Y)Largest decline over 10 years | -35.16% | -79.30% | +44.14% |
Current DrawdownCurrent decline from peak | -18.93% | -35.00% | +16.07% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -37.82% | +19.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 9.27% | -5.09% |
Volatility
XGLF.DE vs. XBAK.DE - Volatility Comparison
The current volatility for Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) is 3.12%, while Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) has a volatility of 7.76%. This indicates that XGLF.DE experiences smaller price fluctuations and is considered to be less risky than XBAK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XGLF.DE | XBAK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 7.76% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 24.65% | -15.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 28.58% | -16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 24.70% | -9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 24.61% | -6.28% |
XGLF.DE vs. XBAK.DE - Expense Ratio Comparison
XGLF.DE has a 0.65% expense ratio, which is lower than XBAK.DE's 0.85% expense ratio.
Dividends
XGLF.DE vs. XBAK.DE - Dividend Comparison
Neither XGLF.DE nor XBAK.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLF.DE and XBAK.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLF.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLF.DE is cheaper with a 0.65% expense ratio, compared with 0.85% for XBAK.DE.
XGLF.DE tracks MSCI GCC Countries ex Select Securities Index, while XBAK.DE tracks MSCI Pakistan Investable Market Index. Their fees differ too: 0.65% for XGLF.DE and 0.85% for XBAK.DE.
Find the right allocation for XGLF.DE and XBAK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer