XUT3.L vs. XNAS.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) are both exchange-traded funds - XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index, while XNAS.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, XUT3.L returned 4.17%/yr vs 28.10%/yr for XNAS.L. At a 0.04 correlation, their price movements are largely independent. XUT3.L charges 0.06%/yr vs 0.20%/yr for XNAS.L.
Performance
XUT3.L vs. XNAS.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUT3.L achieves a 0.54% return, which is significantly lower than XNAS.L's 19.67% 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%
XNAS.L
- 1D
- -0.68%
- 1M
- 8.53%
- YTD
- 19.67%
- 6M
- 19.16%
- 1Y
- 40.41%
- 3Y*
- 28.10%
- 5Y*
- —
- 10Y*
- —
XUT3.L vs. XNAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | 1.05% |
XNAS.L Xtrackers NASDAQ 100 UCITS ETF | 19.67% | 19.83% | 26.60% | 56.41% | -1.82% |
Correlation
The correlation between XUT3.L and XNAS.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2022 | 0.04 |
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Return for Risk
XUT3.L vs. XNAS.L — Risk / Return Rank
XUT3.L
XNAS.L
XUT3.L vs. XNAS.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 (XNAS.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 | XNAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.44 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 3.67 | +1.43 |
| Martin ratioReturn relative to average drawdown | 20.02 | 13.19 | +6.83 |
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 | XNAS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 2.54 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
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 | 1.69 | -0.55 |
Drawdowns
XUT3.L vs. XNAS.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, smaller than the maximum XNAS.L drawdown of -22.92%. Use the drawdown chart below to compare losses from any high point for XUT3.L and XNAS.L.
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Drawdown Indicators
| XUT3.L | XNAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -22.92% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -10.91% | +10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -22.92% | +22.01% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.76% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -3.03% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 3.05% | -2.88% |
Volatility
XUT3.L vs. XNAS.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 (XNAS.L) has a volatility of 4.96%. This indicates that XUT3.L experiences smaller price fluctuations and is considered to be less risky than XNAS.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 | XNAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 4.96% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 11.72% | -10.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 15.78% | -14.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 19.39% | -17.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 19.39% | -17.89% |
XUT3.L vs. XNAS.L - Expense Ratio Comparison
XUT3.L has a 0.06% expense ratio, which is lower than XNAS.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. XNAS.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, while XNAS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XNAS.L Xtrackers NASDAQ 100 UCITS ETF | 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 XNAS.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, 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 XNAS.L.
XUT3.L is categorized as Government Bonds, while XNAS.L is Nasdaq-100. XUT3.L tracks iBoxx USD Treasuries 1-3 Index, while XNAS.L tracks NASDAQ-100 Index. Their fees differ too: 0.06% for XUT3.L and 0.20% for XNAS.L.
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