xG is not a good stat for gauging overall performance of a team. It is, probably, the best we have to gauge how close a game was in-play. However, when taken in isolation it is very misleading and I would caution against taking it at face value without understanding how it is calculated. Some problems with xG:
Let's look at a simple example, penalty kicks in-game. The xG given by Opta for a penalty kick is 0.76. Globally the chance of scoring from a penalty is 0.754 so 0.76 looks like a good average. However penalties in the prem for example have a 70% conversion rate. I suspect because the keepers are better, I don't know. In international football the conversion rate goes up to 78.74. I suspect because of the variation in the abilities of the keepers faced.
the standard deviation on international penalty kicks is 37.6. This is huge and demonstrates that it is quite difficult to assign a number to the chances of scoring a penalty. It becomes much more complex in open play.
In March this year Opta pretty much dumped their xG methodology and released a new version as the old one was poor, by their own admission. It did not account for the position of the goalkeeper was the main reason given, but there were other frailties in it.
Opta use a combination of AI optical recognition and a human analyst. Not sure how well their analysts are trained or how much leaway they get.
Overall, there isn't really anything better, but it has to be analysed in tandem with other stats. We will know more by the end of this season on whether the Opta improvements make the statistic more reliable.
When gauging who will win a game of football, predictively, the most accurate statistic is relative position in the table. It's a simple stat, but works better than xG. I suspect wages of the 11 on the pitch is a better indicator of relative chances of the two teams, but I have no idea whether this is the case or not. Points per game over 4 and 8 games give better predictive performance than xG. I suspect because they capture the general wellbeing, physical and mental of the respective teams.
It's a team invasion sport and it is why it is difficult to predict. It's also why it is fantastic.
Does that answer your question
@Andy_W as to why I don't like xG.