ASWC.DE vs. EXUS.DE
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, ASWC.DE returned 16.90% vs 22.41% for EXUS.DE. At a 0.49 correlation, their price movements are largely independent. ASWC.DE charges 0.49%/yr vs 0.15%/yr for EXUS.DE.
Performance
ASWC.DE vs. EXUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly higher than EXUS.DE's 10.45% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 4.69%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXUS.DE
- 1D
- 1.99%
- 1M
- 3.82%
- YTD
- 10.45%
- 6M
- 12.24%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASWC.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 20.83% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 10.45% | 17.80% | 4.15% |
Correlation
The correlation between ASWC.DE and EXUS.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.49 |
The correlation between ASWC.DE and EXUS.DE shifts across timeframes, from 0.35 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASWC.DE vs. EXUS.DE — Risk / Return Rank
ASWC.DE
EXUS.DE
ASWC.DE vs. EXUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASWC.DE | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.51 | -1.16 |
| Martin ratioReturn relative to average drawdown | 3.10 | 9.96 | -6.86 |
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Drawdowns
ASWC.DE vs. EXUS.DE - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum EXUS.DE drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and EXUS.DE.
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Drawdown Indicators
| ASWC.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -16.21% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -8.67% | -3.91% |
Current DrawdownCurrent decline from peak | -2.83% | -0.03% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -1.78% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 2.19% | +3.32% |
Volatility
ASWC.DE vs. EXUS.DE - Volatility Comparison
HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) has a higher volatility of 5.89% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.68%. This indicates that ASWC.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASWC.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 3.68% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 10.41% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 12.66% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 13.46% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 13.46% | +5.65% |
ASWC.DE vs. EXUS.DE - Expense Ratio Comparison
ASWC.DE has a 0.49% expense ratio, which is higher than EXUS.DE's 0.15% expense ratio.
Dividends
ASWC.DE vs. EXUS.DE - Dividend Comparison
Neither ASWC.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
ASWC.DE and EXUS.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for ASWC.DE.
ASWC.DE is categorized as Aerospace & Defense, while EXUS.DE is Global Equities. ASWC.DE tracks EQM Future of Defence Index, while EXUS.DE tracks MSCI World ex USA index. They also come from different issuers: HANetf and Xtrackers. Their fees differ too: 0.49% for ASWC.DE and 0.15% for EXUS.DE.
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