XZBU.L vs. EXUS.L

Last updated Jun 4, 2026

XZBU.L (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) and EXUS.L (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - XZBU.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while EXUS.L is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. XZBU.L charges 0.16%/yr vs 0.15%/yr for EXUS.L.

Performance

XZBU.L vs. EXUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XZBU.L is traded in GBP, while EXUS.L is traded in USD. To make them comparable, the EXUS.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

XZBU.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EXUS.L

• 1D: -0.27%
• 1M: 4.32%
• YTD: 9.01%
• 6M: 11.25%
• 1Y: 23.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XZBU.L vs. EXUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XZBU.L Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C	34.27%	0.67%	4.01%
EXUS.L Xtrackers MSCI World ex USA UCITS ETF 1C USD	9.01%	22.57%	2.99%

Correlation

The correlation between XZBU.L and EXUS.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.10

Return for Risk

XZBU.L vs. EXUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXUS.L

EXUS.L Risk / Return Rank: 44
EXUS.L Sharpe Ratio Rank: 43
EXUS.L Sortino Ratio Rank: 46
EXUS.L Omega Ratio Rank: 44
EXUS.L Calmar Ratio Rank: 42
EXUS.L Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XZBU.L vs. EXUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XZBU.L	EXUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.13	—

Drawdowns

Drawdown Indicators

	XZBU.L	EXUS.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.70%	—
Current Drawdown Current decline from peak	—	-0.48%	—
Average Drawdown Average peak-to-trough decline	—	-1.76%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.63%	—

Volatility

Volatility by Period

	XZBU.L	EXUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.16%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.54%	—

XZBU.L vs. EXUS.L - Expense Ratio Comparison

XZBU.L has a 0.16% expense ratio, which is higher than EXUS.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XZBU.L vs. EXUS.L - Dividend Comparison

Neither XZBU.L nor EXUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZBU.L and EXUS.L in my portfolio?

XZBU.L and EXUS.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZBU.L or EXUS.L?

On fees, EXUS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZBU.L or EXUS.L?

EXUS.L is cheaper with a 0.15% expense ratio, compared with 0.16% for XZBU.L.

What is the main difference between XZBU.L and EXUS.L?

XZBU.L is categorized as Corporate Bonds, while EXUS.L is Global Equities. XZBU.L tracks Bloomberg US Corp Bond TR USD, while EXUS.L tracks MSCI World ex USA index. Their fees differ too: 0.16% for XZBU.L and 0.15% for EXUS.L.