XGSI.L vs. XAUS.L
XGSI.L (Xtrackers Global Government Bond UCITS ETF 3C USD hedged) and XAUS.L (Xtrackers S&P/ASX 200 UCITS ETF 1D) are both exchange-traded funds - XGSI.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while XAUS.L is a Asia Pacific Equities fund tracking the MSCI Australia NR USD. Both are passively managed. Over the past 5 years, XGSI.L returned -0.67%/yr vs 5.29%/yr for XAUS.L. At a 0.03 correlation, their price movements are largely independent. XGSI.L charges 0.25%/yr vs 0.50%/yr for XAUS.L.
Performance
XGSI.L vs. XAUS.L - Performance Comparison
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Different Trading Currencies
XGSI.L is traded in USD, while XAUS.L is traded in GBp. To make them comparable, the XAUS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGSI.L achieves a -0.36% return, which is significantly lower than XAUS.L's 7.86% return.
XGSI.L
- 1D
- 0.08%
- 1M
- 0.28%
- YTD
- -0.36%
- 6M
- -0.28%
- 1Y
- 2.05%
- 3Y*
- 2.69%
- 5Y*
- -0.67%
- 10Y*
- —
XAUS.L
- 1D
- -0.55%
- 1M
- -0.45%
- YTD
- 7.86%
- 6M
- 10.41%
- 1Y
- 15.04%
- 3Y*
- 12.41%
- 5Y*
- 5.29%
- 10Y*
- 8.32%
XGSI.L vs. XAUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | -0.36% | 3.99% | 1.24% | 5.84% | -13.31% | -2.49% | 5.86% | 7.44% | 2.26% | 0.95% |
XAUS.L Xtrackers S&P/ASX 200 UCITS ETF 1D | 7.86% | 17.36% | 1.95% | 11.24% | -7.77% | 8.61% | 12.47% | 23.08% | -13.29% | 8.94% |
Correlation
The correlation between XGSI.L and XAUS.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2017 | 0.03 |
Over the past year, XGSI.L and XAUS.L have become more correlated (0.39) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
XGSI.L vs. XAUS.L — Risk / Return Rank
XGSI.L
XAUS.L
XGSI.L vs. XAUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) and Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.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.
| XGSI.L | XAUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.38 | -0.74 |
| Martin ratioReturn relative to average drawdown | 1.81 | 4.31 | -2.50 |
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
| XGSI.L | XAUS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.00 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.29 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.23 | -0.01 |
Drawdowns
XGSI.L vs. XAUS.L - Drawdown Comparison
The maximum XGSI.L drawdown since its inception was -17.29%, smaller than the maximum XAUS.L drawdown of -63.08%. Use the drawdown chart below to compare losses from any high point for XGSI.L and XAUS.L.
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Drawdown Indicators
| XGSI.L | XAUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -63.08% | +45.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -11.10% | +7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -4.29% | -23.07% | +18.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.39% | -25.76% | +9.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.52% | — |
Current DrawdownCurrent decline from peak | -6.48% | -4.59% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -10.87% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 3.53% | -2.40% |
Volatility
XGSI.L vs. XAUS.L - Volatility Comparison
The current volatility for Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) is 1.47%, while Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.L) has a volatility of 4.79%. This indicates that XGSI.L experiences smaller price fluctuations and is considered to be less risky than XAUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGSI.L | XAUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 4.79% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 12.27% | -9.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 15.42% | -11.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.30% | 20.23% | -14.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 22.48% | -17.71% |
XGSI.L vs. XAUS.L - Expense Ratio Comparison
XGSI.L has a 0.25% expense ratio, which is lower than XAUS.L's 0.50% expense ratio.
Dividends
XGSI.L vs. XAUS.L - Dividend Comparison
XGSI.L has not paid dividends to shareholders, while XAUS.L's dividend yield for the trailing twelve months is around 2.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XAUS.L Xtrackers S&P/ASX 200 UCITS ETF 1D | 2.54% | 2.67% | 3.22% | 3.83% | 5.17% | 2.15% | 4.85% | 3.73% | 3.53% | 3.49% | 3.73% |
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGSI.L and XAUS.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGSI.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGSI.L is cheaper with a 0.25% expense ratio, compared with 0.50% for XAUS.L.
XGSI.L is categorized as Global Bonds, while XAUS.L is Asia Pacific Equities. XGSI.L tracks Bloomberg Global Aggregate TR Hdg USD, while XAUS.L tracks MSCI Australia NR USD. Their fees differ too: 0.25% for XGSI.L and 0.50% for XAUS.L.
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