^GDAXI vs. XDWH.DE
^GDAXI (DAX Performance Index) is an index, while XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) is Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Over the past 10 years, ^GDAXI returned 9.67%/yr vs 7.61%/yr for XDWH.DE. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
^GDAXI vs. XDWH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ^GDAXI achieves a 1.10% return, which is significantly higher than XDWH.DE's -1.98% return. Over the past 10 years, ^GDAXI has outperformed XDWH.DE with an annualized return of 9.67%, while XDWH.DE has yielded a comparatively lower 7.61% annualized return.
^GDAXI
- 1D
- 0.00%
- 1M
- 1.73%
- YTD
- 1.10%
- 6M
- 2.97%
- 1Y
- 1.87%
- 3Y*
- 15.79%
- 5Y*
- 9.71%
- 10Y*
- 9.67%
XDWH.DE
- 1D
- 2.85%
- 1M
- 5.50%
- YTD
- -1.98%
- 6M
- -1.51%
- 1Y
- 8.93%
- 3Y*
- 2.67%
- 5Y*
- 5.50%
- 10Y*
- 7.61%
^GDAXI vs. XDWH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GDAXI DAX Performance Index | 1.10% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | -1.98% | 2.21% | 7.44% | 0.04% | -0.07% | 30.55% | 2.69% | 27.24% | 5.96% | 5.52% |
Correlation
The correlation between ^GDAXI and XDWH.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2016 | 0.51 |
The correlation between ^GDAXI and XDWH.DE shifts across timeframes, from 0.34 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
^GDAXI vs. XDWH.DE — Risk / Return Rank
^GDAXI
XDWH.DE
^GDAXI vs. XDWH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE). 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.
| ^GDAXI | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.93 | -0.77 |
| Martin ratioReturn relative to average drawdown | 0.48 | 2.28 | -1.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ^GDAXI | XDWH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.70 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.41 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.51 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.55 | -0.15 |
Drawdowns
^GDAXI vs. XDWH.DE - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than XDWH.DE's maximum drawdown of -26.08%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and XDWH.DE.
Loading charts...
Drawdown Indicators
| ^GDAXI | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -26.08% | -46.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.27% | -10.32% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -21.12% | +5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -21.12% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.78% | -26.08% | -12.70% |
Current DrawdownCurrent decline from peak | -2.60% | -8.51% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -15.53% | -4.82% | -10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 4.20% | -0.33% |
Volatility
^GDAXI vs. XDWH.DE - Volatility Comparison
DAX Performance Index (^GDAXI) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) have volatilities of 4.89% and 4.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ^GDAXI | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 4.81% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 9.51% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 13.69% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 13.43% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 14.69% | +3.67% |
Frequently Asked Questions
^GDAXI and XDWH.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ^GDAXI and XDWH.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer