XXSC.L vs. XGLE.L
XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, XXSC.L returned 8.44%/yr vs 0.62%/yr for XGLE.L. At a 0.14 correlation, their price movements are largely independent. XXSC.L charges 0.30%/yr vs 0.15%/yr for XGLE.L.
Performance
XXSC.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
XXSC.L is traded in GBp, while XGLE.L is traded in EUR. To make them comparable, the XGLE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XXSC.L achieves a 6.58% return, which is significantly higher than XGLE.L's -0.67% return. Over the past 10 years, XXSC.L has outperformed XGLE.L with an annualized return of 8.44%, while XGLE.L has yielded a comparatively lower 0.62% annualized return.
XXSC.L
- 1D
- 0.56%
- 1M
- 2.62%
- YTD
- 6.58%
- 6M
- 9.35%
- 1Y
- 15.64%
- 3Y*
- 11.84%
- 5Y*
- 4.26%
- 10Y*
- 8.44%
XGLE.L
- 1D
- 0.19%
- 1M
- 0.83%
- YTD
- -0.67%
- 6M
- -0.96%
- 1Y
- 2.65%
- 3Y*
- 2.50%
- 5Y*
- -2.15%
- 10Y*
- 0.62%
XXSC.L vs. XGLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 6.58% | 22.28% | 0.76% | 10.44% | -17.50% | 15.39% | 10.55% | 24.87% | -14.91% | 23.58% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.67% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 1.78% | 4.23% |
Correlation
The correlation between XXSC.L and XGLE.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2009 | 0.14 |
Over the past year, XXSC.L and XGLE.L have become more correlated (0.38) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
XXSC.L vs. XGLE.L — Risk / Return Rank
XXSC.L
XGLE.L
XXSC.L vs. XGLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.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.
| XXSC.L | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.58 | +0.86 |
| Martin ratioReturn relative to average drawdown | 5.17 | 1.30 | +3.88 |
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
| XXSC.L | XGLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.47 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.29 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.07 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.24 | +0.52 |
Drawdowns
XXSC.L vs. XGLE.L - Drawdown Comparison
The maximum XXSC.L drawdown since its inception was -35.12%, which is greater than XGLE.L's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for XXSC.L and XGLE.L.
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Drawdown Indicators
| XXSC.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.12% | -26.78% | -8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -4.53% | -6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -6.20% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -20.99% | -9.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -26.78% | -8.34% |
Current DrawdownCurrent decline from peak | -1.31% | -18.89% | +17.58% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -10.13% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.04% | +0.98% |
Volatility
XXSC.L vs. XGLE.L - Volatility Comparison
Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a higher volatility of 3.95% compared to Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) at 2.02%. This indicates that XXSC.L's price experiences larger fluctuations and is considered to be riskier than XGLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XXSC.L | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 2.02% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 4.33% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 5.58% | +6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 7.50% | +8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 8.54% | +7.73% |
XXSC.L vs. XGLE.L - Expense Ratio Comparison
XXSC.L has a 0.30% expense ratio, which is higher than XGLE.L's 0.15% expense ratio.
Dividends
XXSC.L vs. XGLE.L - Dividend Comparison
Neither XXSC.L nor XGLE.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGLE.L Xtrackers Eurozone Government Bond 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% | 0.00% |
XXSC.L Xtrackers MSCI Europe Small Cap 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% | 1.95% |
Frequently Asked Questions
XXSC.L and XGLE.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLE.L is cheaper with a 0.15% expense ratio, compared with 0.30% for XXSC.L.
XXSC.L is categorized as Europe Equities, while XGLE.L is European Government Bonds. XXSC.L tracks MSCI Europe Small Cap NR EUR, while XGLE.L tracks Bloomberg Euro Agg Govt TR EUR. Their fees differ too: 0.30% for XXSC.L and 0.15% for XGLE.L.
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