AYEU.DE vs. XG12.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and XG12.DE (Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while XG12.DE tracks the MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select. Both are passively managed. Over the past 3 years, AYEU.DE returned 14.16%/yr vs 10.96%/yr for XG12.DE. A 0.78 correlation means they provide meaningful diversification when combined. AYEU.DE charges 0.40%/yr vs 0.35%/yr for XG12.DE.
Performance
AYEU.DE vs. XG12.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 XG12.DE's 35.42% 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*
- —
XG12.DE
- 1D
- 0.00%
- 1M
- -3.60%
- 6M
- 33.95%
- YTD
- 35.42%
- 1Y
- 45.69%
- 3Y*
- 10.96%
- 5Y*
- —
- 10Y*
- —
AYEU.DE vs. XG12.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -4.84% |
XG12.DE Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C | 35.42% | 8.69% | -4.44% | -8.34% | -5.33% |
Correlation
The correlation between AYEU.DE and XG12.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.78 |
The correlation between AYEU.DE and XG12.DE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. XG12.DE — Risk / Return Rank
AYEU.DE
XG12.DE
AYEU.DE vs. XG12.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 Global SDG 12 Circular Economy UCITS ETF 1C (XG12.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 | XG12.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.38 | +0.44 |
| Martin ratioReturn relative to average drawdown | 9.05 | 5.06 | +4.00 |
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Drawdowns
AYEU.DE vs. XG12.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum XG12.DE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and XG12.DE.
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Drawdown Indicators
| AYEU.DE | XG12.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -32.01% | +9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -19.16% | +11.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -24.98% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -4.84% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -14.74% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 9.03% | -6.53% |
Volatility
AYEU.DE vs. XG12.DE - Volatility Comparison
The current volatility for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) is 5.11%, while Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C (XG12.DE) has a volatility of 6.78%. This indicates that AYEU.DE experiences smaller price fluctuations and is considered to be less risky than XG12.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 | XG12.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 6.78% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 14.09% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 27.89% | -11.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 21.10% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 21.10% | -5.23% |
AYEU.DE vs. XG12.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than XG12.DE's 0.35% expense ratio.
Dividends
AYEU.DE vs. XG12.DE - Dividend Comparison
Neither AYEU.DE nor XG12.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and XG12.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XG12.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XG12.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while XG12.DE tracks MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.40% for AYEU.DE and 0.35% for XG12.DE.
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