XGSG.L vs. XCX5.L
XGSG.L (Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged) and XCX5.L (Xtrackers MSCI India Swap UCITS ETF 1C) are both exchange-traded funds - XGSG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while XCX5.L is a Asia Pacific Equities fund tracking the MSCI India NR USD. Both are passively managed. Over the past 10 years, XGSG.L returned -1.29%/yr vs 7.44%/yr for XCX5.L. At a correlation of -0.05, they often move in opposite directions. XGSG.L charges 0.25%/yr vs 0.75%/yr for XCX5.L.
Performance
XGSG.L vs. XCX5.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGSG.L achieves a -1.67% return, which is significantly higher than XCX5.L's -12.70% return. Over the past 10 years, XGSG.L has underperformed XCX5.L with an annualized return of -1.29%, while XCX5.L has yielded a comparatively higher 7.44% annualized return.
XGSG.L
- 1D
- 0.00%
- 1M
- -0.33%
- YTD
- -1.67%
- 6M
- -1.46%
- 1Y
- -1.24%
- 3Y*
- -0.11%
- 5Y*
- -3.22%
- 10Y*
- -1.29%
XCX5.L
- 1D
- 1.26%
- 1M
- -1.73%
- YTD
- -12.70%
- 6M
- -12.76%
- 1Y
- -12.07%
- 3Y*
- 2.47%
- 5Y*
- 4.13%
- 10Y*
- 7.44%
XGSG.L vs. XCX5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged | -1.67% | 0.95% | -1.45% | 3.09% | -16.07% | -4.09% | 4.20% | 4.93% | 0.08% | 0.12% |
XCX5.L Xtrackers MSCI India Swap UCITS ETF 1C | -12.70% | -5.16% | 11.92% | 12.56% | 2.33% | 26.19% | 9.49% | 2.58% | -3.56% | 24.83% |
Correlation
The correlation between XGSG.L and XCX5.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013 | -0.05 |
The correlation between XGSG.L and XCX5.L shifts across timeframes, from -0.05 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGSG.L vs. XCX5.L — Risk / Return Rank
XGSG.L
XCX5.L
XGSG.L vs. XCX5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) and Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L). 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.
| XGSG.L | XCX5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.89 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.60 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.37 | +0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XGSG.L | XCX5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | -0.76 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | 0.26 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | 0.37 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.23 | -0.34 |
Drawdowns
XGSG.L vs. XCX5.L - Drawdown Comparison
The maximum XGSG.L drawdown since its inception was -23.52%, smaller than the maximum XCX5.L drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for XGSG.L and XCX5.L.
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Drawdown Indicators
| XGSG.L | XCX5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.52% | -41.74% | +18.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -19.88% | +16.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -26.47% | +21.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.36% | -26.47% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -23.52% | -37.35% | +13.83% |
Current DrawdownCurrent decline from peak | -20.27% | -23.06% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -11.04% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 8.81% | -7.35% |
Volatility
XGSG.L vs. XCX5.L - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) is 1.48%, while Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) has a volatility of 6.39%. This indicates that XGSG.L experiences smaller price fluctuations and is considered to be less risky than XCX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGSG.L | XCX5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 6.39% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 13.26% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 15.78% | -10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 15.92% | -10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 19.89% | -15.21% |
XGSG.L vs. XCX5.L - Expense Ratio Comparison
XGSG.L has a 0.25% expense ratio, which is lower than XCX5.L's 0.75% expense ratio.
Dividends
XGSG.L vs. XCX5.L - Dividend Comparison
XGSG.L's dividend yield for the trailing twelve months is around 0.03%, while XCX5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCX5.L Xtrackers MSCI India Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged | 0.03% | 0.03% | 0.03% | 0.02% | 0.03% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
XGSG.L and XCX5.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGSG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGSG.L is cheaper with a 0.25% expense ratio, compared with 0.75% for XCX5.L.
XGSG.L is categorized as Global Bonds, while XCX5.L is Asia Pacific Equities. XGSG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while XCX5.L tracks MSCI India NR USD. Their fees differ too: 0.25% for XGSG.L and 0.75% for XCX5.L.
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