XUTD.L vs. XNAS.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) are both exchange-traded funds - XUTD.L is a Government Bonds fund tracking the iBoxx USD Treasuries Index, while XNAS.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, XUTD.L returned 2.89%/yr vs 28.10%/yr for XNAS.L. At a 0.09 correlation, their price movements are largely independent. XUTD.L charges 0.06%/yr vs 0.20%/yr for XNAS.L.
Performance
XUTD.L vs. XNAS.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.L achieves a -0.22% return, which is significantly lower than XNAS.L's 19.67% 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%
XNAS.L
- 1D
- -0.68%
- 1M
- 8.53%
- YTD
- 19.67%
- 6M
- 19.16%
- 1Y
- 40.41%
- 3Y*
- 28.10%
- 5Y*
- —
- 10Y*
- —
XUTD.L vs. XNAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | 3.34% |
XNAS.L Xtrackers NASDAQ 100 UCITS ETF | 19.67% | 19.83% | 26.60% | 56.41% | -1.82% |
Correlation
The correlation between XUTD.L and XNAS.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2022 | 0.09 |
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Return for Risk
XUTD.L vs. XNAS.L — Risk / Return Rank
XUTD.L
XNAS.L
XUTD.L vs. XNAS.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 (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.
| XUTD.L | XNAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.67 | -2.46 |
| Martin ratioReturn relative to average drawdown | 3.71 | 13.19 | -9.47 |
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 | XNAS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.54 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | — | — |
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 | 1.69 | -1.26 |
Drawdowns
XUTD.L vs. XNAS.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, smaller than the maximum XNAS.L drawdown of -22.92%. Use the drawdown chart below to compare losses from any high point for XUTD.L and XNAS.L.
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Drawdown Indicators
| XUTD.L | XNAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -22.92% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -10.91% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -22.92% | +17.45% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -7.53% | -0.76% | -6.77% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -3.03% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.05% | -2.06% |
Volatility
XUTD.L vs. XNAS.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 (XNAS.L) has a volatility of 4.96%. This indicates that XUTD.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
| XUTD.L | XNAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 4.96% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 11.72% | -9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 15.78% | -12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 19.39% | -13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 19.39% | -14.34% |
XUTD.L vs. XNAS.L - Expense Ratio Comparison
XUTD.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
XUTD.L vs. XNAS.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, while XNAS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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 XNAS.L have a correlation of 0.18, 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 XNAS.L.
XUTD.L is categorized as Government Bonds, while XNAS.L is Nasdaq-100. XUTD.L tracks iBoxx USD Treasuries Index, while XNAS.L tracks NASDAQ-100 Index. Their fees differ too: 0.06% for XUTD.L and 0.20% for XNAS.L.
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