XZBU.L vs. GLD

Last updated Jun 4, 2026

XZBU.L (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) and GLD (SPDR Gold Shares) are both exchange-traded funds - XZBU.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. At a 0.17 correlation, their price movements are largely independent. XZBU.L charges 0.16%/yr vs 0.40%/yr for GLD.

Performance

XZBU.L vs. GLD - 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 SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XZBU.L is traded in GBP, while GLD is traded in USD. To make them comparable, the GLD 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*: —

GLD

• 1D: -0.73%
• 1M: -0.85%
• YTD: 3.30%
• 6M: 4.87%
• 1Y: 32.96%
• 3Y*: 27.85%
• 5Y*: 19.42%
• 10Y*: 14.01%

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

XZBU.L vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XZBU.L Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C	34.27%	0.67%	2.68%	2.98%	-8.73%	-0.87%	-2.84%
GLD SPDR Gold Shares	3.30%	52.02%	28.87%	7.06%	11.03%	-3.24%	-8.41%

Correlation

The correlation between XZBU.L and GLD 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	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020	0.17

The correlation between XZBU.L and GLD shifts across timeframes, from -0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XZBU.L vs. GLD — Risk / Return Rank

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

GLD

GLD Risk / Return Rank: 32
GLD Sharpe Ratio Rank: 32
GLD Sortino Ratio Rank: 29
GLD Omega Ratio Rank: 35
GLD Calmar Ratio Rank: 33
GLD Martin Ratio Rank: 28

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. GLD - 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 SPDR Gold Shares (GLD). 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	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.70	—

Drawdowns

Drawdown Indicators

	XZBU.L	GLD	Difference
Max Drawdown Largest peak-to-trough decline	—	-41.89%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.78%	—
Current Drawdown Current decline from peak	—	-16.88%	—
Average Drawdown Average peak-to-trough decline	—	-13.21%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.10%	—

Volatility

Volatility by Period

	XZBU.L	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.31%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.72%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.23%	—

XZBU.L vs. GLD - Expense Ratio Comparison

XZBU.L has a 0.16% expense ratio, which is lower than GLD's 0.40% expense ratio.

Dividends

XZBU.L vs. GLD - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

XZBU.L and GLD 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.

Which ETF is better, XZBU.L or GLD?

On fees, XZBU.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZBU.L or GLD?

XZBU.L is cheaper with a 0.16% expense ratio, compared with 0.40% for GLD.

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

XZBU.L is categorized as Corporate Bonds, while GLD is Gold. XZBU.L tracks Bloomberg US Corp Bond TR USD, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.16% for XZBU.L and 0.40% for GLD.