AYEU.DE vs. XDEV.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while XDEV.DE tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, AYEU.DE returned 9.09%/yr vs 17.43%/yr for XDEV.DE. A 0.78 correlation means they provide meaningful diversification when combined. AYEU.DE charges 0.40%/yr vs 0.25%/yr for XDEV.DE.
Performance
AYEU.DE vs. XDEV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly lower than XDEV.DE's 34.96% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
XDEV.DE
- 1D
- 0.79%
- 1M
- -0.97%
- 6M
- 34.30%
- YTD
- 34.96%
- 1Y
- 60.26%
- 3Y*
- 25.75%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
AYEU.DE vs. XDEV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -17.79% | 20.32% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 34.96% | 24.74% | 11.64% | 15.69% | -4.81% | 9.77% |
Correlation
The correlation between AYEU.DE and XDEV.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.78 |
The correlation between AYEU.DE and XDEV.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. XDEV.DE — Risk / Return Rank
AYEU.DE
XDEV.DE
AYEU.DE vs. XDEV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.
| AYEU.DE | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.70 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 9.91 | -7.09 |
| Martin ratioReturn relative to average drawdown | 9.05 | 35.03 | -25.97 |
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Drawdowns
AYEU.DE vs. XDEV.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum XDEV.DE drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and XDEV.DE.
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Drawdown Indicators
| AYEU.DE | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -35.27% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -6.05% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -18.02% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -18.02% | -4.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.27% | — |
Current DrawdownCurrent decline from peak | -3.25% | -2.78% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -6.89% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.72% | +0.78% |
Volatility
AYEU.DE vs. XDEV.DE - Volatility Comparison
The current volatility for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) is 5.11%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 6.03%. This indicates that AYEU.DE experiences smaller price fluctuations and is considered to be less risky than XDEV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 6.03% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 12.54% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 14.94% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 14.15% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 16.67% | -0.80% |
AYEU.DE vs. XDEV.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than XDEV.DE's 0.25% expense ratio.
Dividends
AYEU.DE vs. XDEV.DE - Dividend Comparison
Neither AYEU.DE nor XDEV.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and XDEV.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while XDEV.DE tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.40% for AYEU.DE and 0.25% for XDEV.DE.
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