XMLD.DE vs. BATE.DE
XMLD.DE (L&G Artificial Intelligence UCITS ETF) and BATE.DE (Legal & General Battery Value-Chain UCITS ETF) are both exchange-traded funds - XMLD.DE is a Technology Equities fund tracking the ROBO Global Artificial Intelligence, 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, XMLD.DE returned 19.02%/yr vs 17.34%/yr for BATE.DE. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
XMLD.DE vs. BATE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLD.DE achieves a 42.18% return, which is significantly higher than BATE.DE's 34.62% return.
XMLD.DE
- 1D
- -0.78%
- 1M
- 20.65%
- YTD
- 42.18%
- 6M
- 39.73%
- 1Y
- 73.37%
- 3Y*
- 33.99%
- 5Y*
- 19.02%
- 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*
- —
XMLD.DE vs. BATE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLD.DE L&G Artificial Intelligence UCITS ETF | 42.18% | 16.99% | 25.17% | 54.28% | -36.45% | 19.09% | 51.75% | 0.00% |
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 34.62% | 54.96% | 4.46% | 5.33% | -9.13% | 25.95% | 63.33% | -0.15% |
Correlation
The correlation between XMLD.DE and BATE.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019 | 0.62 |
The correlation between XMLD.DE and BATE.DE has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
XMLD.DE vs. BATE.DE — Risk / Return Rank
XMLD.DE
BATE.DE
XMLD.DE vs. BATE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (XMLD.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.
| XMLD.DE | BATE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.62 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 9.66 | -5.04 |
| Martin ratioReturn relative to average drawdown | 12.52 | 32.63 | -20.11 |
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
| XMLD.DE | BATE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 4.23 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.74 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.84 | -0.01 |
Drawdowns
XMLD.DE vs. BATE.DE - Drawdown Comparison
The maximum XMLD.DE drawdown since its inception was -42.81%, which is greater than BATE.DE's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for XMLD.DE and BATE.DE.
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Drawdown Indicators
| XMLD.DE | BATE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -36.39% | -6.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.80% | -12.82% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -33.67% | -34.03% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -42.81% | -34.03% | -8.78% |
Current DrawdownCurrent decline from peak | -2.30% | -3.78% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -8.28% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 3.80% | +2.04% |
Volatility
XMLD.DE vs. BATE.DE - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (XMLD.DE) and Legal & General Battery Value-Chain UCITS ETF (BATE.DE) have volatilities of 10.34% and 10.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLD.DE | BATE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 10.54% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 22.97% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.47% | 29.30% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.22% | 23.24% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.52% | 23.45% | +5.07% |
XMLD.DE vs. BATE.DE - Expense Ratio Comparison
Both XMLD.DE and BATE.DE have an expense ratio of 0.49%.
Dividends
XMLD.DE vs. BATE.DE - Dividend Comparison
Neither XMLD.DE nor BATE.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLD.DE and BATE.DE have a correlation of 0.64, 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.
XMLD.DE and BATE.DE have the same expense ratio: 0.49% per year.
XMLD.DE is categorized as Technology Equities, while BATE.DE is Alternative Energy Equities. XMLD.DE tracks ROBO Global Artificial Intelligence, while BATE.DE tracks Solactive Battery Value-Chain Index.
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