AYEW.DE vs. XNNV.DE
AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) and XNNV.DE (Xtrackers MSCI Innovation UCITS ETF 1C) are both Technology Equities funds - AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped while XNNV.DE tracks the MSCI ACWI IMI Innovation Select ESG Screened 200. Both are passively managed. Over the past 3 years, AYEW.DE returned 27.99%/yr vs 13.35%/yr for XNNV.DE. Their correlation of 0.83 suggests significant overlap in exposure. AYEW.DE charges 0.18%/yr vs 0.30%/yr for XNNV.DE.
Performance
AYEW.DE vs. XNNV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEW.DE achieves a 24.61% return, which is significantly higher than XNNV.DE's 5.08% return.
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
XNNV.DE
- 1D
- 1.03%
- 1M
- 6.57%
- YTD
- 5.08%
- 6M
- 3.95%
- 1Y
- 15.22%
- 3Y*
- 13.35%
- 5Y*
- —
- 10Y*
- —
AYEW.DE vs. XNNV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -10.73% |
XNNV.DE Xtrackers MSCI Innovation UCITS ETF 1C | 5.08% | 2.05% | 29.19% | 29.66% | -13.17% |
Correlation
The correlation between AYEW.DE and XNNV.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.83 |
The correlation between AYEW.DE and XNNV.DE has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
AYEW.DE vs. XNNV.DE — Risk / Return Rank
AYEW.DE
XNNV.DE
AYEW.DE vs. XNNV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) and Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.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.
| AYEW.DE | XNNV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.01 | +2.00 |
| Martin ratioReturn relative to average drawdown | 8.00 | 2.80 | +5.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AYEW.DE | XNNV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 1.03 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.67 | +0.35 |
Drawdowns
AYEW.DE vs. XNNV.DE - Drawdown Comparison
The maximum AYEW.DE drawdown since its inception was -31.36%, which is greater than XNNV.DE's maximum drawdown of -25.90%. Use the drawdown chart below to compare losses from any high point for AYEW.DE and XNNV.DE.
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Drawdown Indicators
| AYEW.DE | XNNV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -25.90% | -5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -15.02% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -29.01% | -25.90% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | — | — |
Current DrawdownCurrent decline from peak | -2.13% | -0.91% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -6.64% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 5.41% | +0.23% |
Volatility
AYEW.DE vs. XNNV.DE - Volatility Comparison
iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) has a higher volatility of 6.77% compared to Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE) at 3.84%. This indicates that AYEW.DE's price experiences larger fluctuations and is considered to be riskier than XNNV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEW.DE | XNNV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 3.84% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 10.61% | +4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 14.72% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 18.07% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 18.07% | +5.41% |
AYEW.DE vs. XNNV.DE - Expense Ratio Comparison
AYEW.DE has a 0.18% expense ratio, which is lower than XNNV.DE's 0.30% expense ratio.
Dividends
AYEW.DE vs. XNNV.DE - Dividend Comparison
AYEW.DE's dividend yield for the trailing twelve months is around 0.25%, while XNNV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
XNNV.DE Xtrackers MSCI Innovation UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AYEW.DE and XNNV.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for XNNV.DE.
AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while XNNV.DE tracks MSCI ACWI IMI Innovation Select ESG Screened 200. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.18% for AYEW.DE and 0.30% for XNNV.DE.
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