XXSC.L vs. XGSI.L
XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and XGSI.L (Xtrackers Global Government Bond UCITS ETF 3C USD hedged) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while XGSI.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, XXSC.L returned 4.26%/yr vs 0.41%/yr for XGSI.L. At a correlation of -0.06, they often move in opposite directions. XXSC.L charges 0.30%/yr vs 0.25%/yr for XGSI.L.
Performance
XXSC.L vs. XGSI.L - Performance Comparison
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Different Trading Currencies
XXSC.L is traded in GBp, while XGSI.L is traded in USD. To make them comparable, the XGSI.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 XGSI.L's 0.05% 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%
XGSI.L
- 1D
- 0.08%
- 1M
- 1.20%
- YTD
- 0.05%
- 6M
- -0.97%
- 1Y
- 3.04%
- 3Y*
- 0.11%
- 5Y*
- 0.41%
- 10Y*
- —
XXSC.L vs. XGSI.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% | 12.72% |
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 0.05% | -3.42% | 3.01% | 0.55% | -3.00% | -1.56% | 2.75% | 3.35% | 8.32% | -4.45% |
Correlation
The correlation between XXSC.L and XGSI.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2017 | -0.06 |
The correlation between XXSC.L and XGSI.L shifts across timeframes, from -0.13 (5 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XXSC.L vs. XGSI.L — Risk / Return Rank
XXSC.L
XGSI.L
XXSC.L vs. XGSI.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 Global Government Bond UCITS ETF 3C USD hedged (XGSI.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 | XGSI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.50 | +0.95 |
| Martin ratioReturn relative to average drawdown | 5.17 | 1.15 | +4.03 |
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 | XGSI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.44 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.04 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.06 | +0.70 |
Drawdowns
XXSC.L vs. XGSI.L - Drawdown Comparison
The maximum XXSC.L drawdown since its inception was -35.12%, which is greater than XGSI.L's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for XXSC.L and XGSI.L.
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Drawdown Indicators
| XXSC.L | XGSI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.12% | -22.36% | -12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -6.10% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -9.18% | -3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -16.82% | -13.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -1.31% | -17.59% | +16.28% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -12.10% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.65% | +0.37% |
Volatility
XXSC.L vs. XGSI.L - Volatility Comparison
Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a higher volatility of 3.95% compared to Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) at 1.88%. This indicates that XXSC.L's price experiences larger fluctuations and is considered to be riskier than XGSI.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 | XGSI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 1.88% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 5.15% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 6.92% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 9.05% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 9.27% | +7.00% |
XXSC.L vs. XGSI.L - Expense Ratio Comparison
XXSC.L has a 0.30% expense ratio, which is higher than XGSI.L's 0.25% expense ratio.
Dividends
XXSC.L vs. XGSI.L - Dividend Comparison
Neither XXSC.L nor XGSI.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 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 XGSI.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGSI.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGSI.L is cheaper with a 0.25% expense ratio, compared with 0.30% for XXSC.L.
XXSC.L is categorized as Europe Equities, while XGSI.L is Global Bonds. XXSC.L tracks MSCI Europe Small Cap NR EUR, while XGSI.L tracks Bloomberg Global Aggregate TR Hdg USD. Their fees differ too: 0.30% for XXSC.L and 0.25% for XGSI.L.
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