XUT3.L vs. XNAQ.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index, while XNAQ.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 5 years, XUT3.L returned 1.86%/yr vs 17.71%/yr for XNAQ.L. At a 0.03 correlation, their price movements are largely independent. XUT3.L charges 0.06%/yr vs 0.20%/yr for XNAQ.L.
Performance
XUT3.L vs. XNAQ.L - Performance Comparison
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Different Trading Currencies
XUT3.L is traded in USD, while XNAQ.L is traded in GBP. To make them comparable, the XNAQ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUT3.L achieves a 0.54% return, which is significantly lower than XNAQ.L's 19.60% return.
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
XNAQ.L
- 1D
- -0.58%
- 1M
- 8.70%
- YTD
- 19.60%
- 6M
- 19.33%
- 1Y
- 40.49%
- 3Y*
- 28.03%
- 5Y*
- 17.71%
- 10Y*
- —
XUT3.L vs. XNAQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% |
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 19.60% | 20.14% | 26.48% | 55.63% | -33.41% | 24.52% |
Correlation
The correlation between XUT3.L and XNAQ.L is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021 | 0.03 |
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Return for Risk
XUT3.L vs. XNAQ.L — Risk / Return Rank
XUT3.L
XNAQ.L
XUT3.L vs. XNAQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) and Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.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.
| XUT3.L | XNAQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.45 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 3.65 | +1.45 |
| Martin ratioReturn relative to average drawdown | 20.02 | 13.39 | +6.62 |
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
| XUT3.L | XNAQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 2.62 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.87 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.85 | +0.29 |
Drawdowns
XUT3.L vs. XNAQ.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, smaller than the maximum XNAQ.L drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for XUT3.L and XNAQ.L.
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Drawdown Indicators
| XUT3.L | XNAQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -35.12% | +29.67% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -11.05% | +10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -23.11% | +22.20% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -35.12% | +29.67% |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.77% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -8.65% | +7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 3.01% | -2.84% |
Volatility
XUT3.L vs. XNAQ.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) is 0.41%, while Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) has a volatility of 4.38%. This indicates that XUT3.L experiences smaller price fluctuations and is considered to be less risky than XNAQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUT3.L | XNAQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 4.38% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 11.26% | -10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 15.37% | -14.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 20.38% | -18.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 20.43% | -18.93% |
XUT3.L vs. XNAQ.L - Expense Ratio Comparison
XUT3.L has a 0.06% expense ratio, which is lower than XNAQ.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUT3.L vs. XNAQ.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, while XNAQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
XUT3.L and XNAQ.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.20% for XNAQ.L.
XUT3.L is categorized as Government Bonds, while XNAQ.L is Nasdaq-100. XUT3.L tracks iBoxx USD Treasuries 1-3 Index, while XNAQ.L tracks Russell 1000 Growth TR USD. Their fees differ too: 0.06% for XUT3.L and 0.20% for XNAQ.L.
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