XUTD.L vs. XNAQ.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - XUTD.L is a Government Bonds fund tracking the iBoxx USD Treasuries 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, XUTD.L returned -0.44%/yr vs 17.71%/yr for XNAQ.L. At a 0.06 correlation, their price movements are largely independent. XUTD.L charges 0.06%/yr vs 0.20%/yr for XNAQ.L.
Performance
XUTD.L vs. XNAQ.L - Performance Comparison
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Different Trading Currencies
XUTD.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, XUTD.L achieves a -0.22% return, which is significantly lower than XNAQ.L's 19.60% return.
XUTD.L
- 1D
- 0.20%
- 1M
- 0.21%
- YTD
- -0.22%
- 6M
- 0.03%
- 1Y
- 3.70%
- 3Y*
- 2.89%
- 5Y*
- -0.44%
- 10Y*
- 0.90%
XNAQ.L
- 1D
- -0.58%
- 1M
- 8.70%
- YTD
- 19.60%
- 6M
- 19.33%
- 1Y
- 40.49%
- 3Y*
- 28.03%
- 5Y*
- 17.71%
- 10Y*
- —
XUTD.L vs. XNAQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | -12.78% | -1.61% |
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 19.60% | 20.14% | 26.48% | 55.63% | -33.41% | 24.52% |
Correlation
The correlation between XUTD.L and XNAQ.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021 | 0.06 |
The correlation between XUTD.L and XNAQ.L shifts across timeframes, from 0.05 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XUTD.L vs. XNAQ.L — Risk / Return Rank
XUTD.L
XNAQ.L
XUTD.L vs. XNAQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.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.
| XUTD.L | XNAQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.65 | -2.44 |
| Martin ratioReturn relative to average drawdown | 3.71 | 13.39 | -9.68 |
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
| XUTD.L | XNAQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.62 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.87 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.85 | -0.42 |
Drawdowns
XUTD.L vs. XNAQ.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, smaller than the maximum XNAQ.L drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for XUTD.L and XNAQ.L.
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Drawdown Indicators
| XUTD.L | XNAQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -35.12% | +15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -11.05% | +8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -23.11% | +17.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -35.12% | +18.11% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -7.53% | -0.77% | -6.76% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -8.65% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.01% | -2.02% |
Volatility
XUTD.L vs. XNAQ.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) is 1.40%, while Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) has a volatility of 4.38%. This indicates that XUTD.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
| XUTD.L | XNAQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 4.38% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 11.26% | -8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 15.37% | -11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 20.38% | -14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 20.43% | -15.38% |
XUTD.L vs. XNAQ.L - Expense Ratio Comparison
XUTD.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
XUTD.L vs. XNAQ.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, while XNAQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | 3.48% | 3.27% | 3.65% | 2.39% | 1.95% | 3.42% | 1.08% | 1.47% | 1.35% | 1.34% | 2.12% |
Frequently Asked Questions
XUTD.L and XNAQ.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTD.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.L is cheaper with a 0.06% expense ratio, compared with 0.20% for XNAQ.L.
XUTD.L is categorized as Government Bonds, while XNAQ.L is Nasdaq-100. XUTD.L tracks iBoxx USD Treasuries Index, while XNAQ.L tracks Russell 1000 Growth TR USD. Their fees differ too: 0.06% for XUTD.L and 0.20% for XNAQ.L.
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