XMLC.DE vs. BATE.DE
XMLC.DE (L&G Clean Water UCITS ETF) and BATE.DE (Legal & General Battery Value-Chain UCITS ETF) are both exchange-traded funds - XMLC.DE is a Water Equities fund tracking the Solactive Clean Water, while BATE.DE is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 5 years, XMLC.DE returned 6.47%/yr vs 17.34%/yr for BATE.DE. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
XMLC.DE vs. BATE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLC.DE achieves a 2.11% return, which is significantly lower than BATE.DE's 34.62% return.
XMLC.DE
- 1D
- 0.01%
- 1M
- -1.48%
- YTD
- 2.11%
- 6M
- 1.67%
- 1Y
- 6.86%
- 3Y*
- 8.21%
- 5Y*
- 6.47%
- 10Y*
- —
BATE.DE
- 1D
- -2.05%
- 1M
- -0.41%
- YTD
- 34.62%
- 6M
- 40.82%
- 1Y
- 124.58%
- 3Y*
- 24.81%
- 5Y*
- 17.34%
- 10Y*
- —
XMLC.DE vs. BATE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLC.DE L&G Clean Water UCITS ETF | 2.11% | 3.88% | 9.96% | 17.08% | -12.64% | 37.15% | 7.97% | 11.56% |
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 34.62% | 54.96% | 4.46% | 5.33% | -9.13% | 25.95% | 63.33% | 12.12% |
Correlation
The correlation between XMLC.DE and BATE.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019 | 0.66 |
The correlation between XMLC.DE and BATE.DE shifts across timeframes, from 0.46 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMLC.DE vs. BATE.DE — Risk / Return Rank
XMLC.DE
BATE.DE
XMLC.DE vs. BATE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (XMLC.DE) and Legal & General Battery Value-Chain UCITS ETF (BATE.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.
| XMLC.DE | BATE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.62 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 9.66 | -9.04 |
| Martin ratioReturn relative to average drawdown | 1.60 | 32.63 | -31.03 |
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
| XMLC.DE | BATE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 4.23 | -3.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.74 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.84 | -0.27 |
Drawdowns
XMLC.DE vs. BATE.DE - Drawdown Comparison
The maximum XMLC.DE drawdown since its inception was -35.25%, roughly equal to the maximum BATE.DE drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for XMLC.DE and BATE.DE.
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Drawdown Indicators
| XMLC.DE | BATE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -36.39% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -12.82% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -34.03% | +14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -34.03% | +13.49% |
Current DrawdownCurrent decline from peak | -7.57% | -3.78% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -8.28% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 3.80% | +0.48% |
Volatility
XMLC.DE vs. BATE.DE - Volatility Comparison
The current volatility for L&G Clean Water UCITS ETF (XMLC.DE) is 4.03%, while Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a volatility of 10.54%. This indicates that XMLC.DE experiences smaller price fluctuations and is considered to be less risky than BATE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLC.DE | BATE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 10.54% | -6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 22.97% | -12.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 29.30% | -15.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 23.24% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 23.45% | -4.79% |
XMLC.DE vs. BATE.DE - Expense Ratio Comparison
Both XMLC.DE and BATE.DE have an expense ratio of 0.49%.
Dividends
XMLC.DE vs. BATE.DE - Dividend Comparison
Neither XMLC.DE nor BATE.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLC.DE and BATE.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XMLC.DE and BATE.DE have the same expense ratio: 0.49% per year.
XMLC.DE is categorized as Water Equities, while BATE.DE is Alternative Energy Equities. XMLC.DE tracks Solactive Clean Water, while BATE.DE tracks Solactive Battery Value-Chain Index.
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