CSKR.L vs. GXDW
CSKR.L (iShares MSCI Korea UCITS ETF (Acc)) and GXDW (Global X Dorsey Wright Thematic ETF) are both exchange-traded funds - CSKR.L is a Asia Pacific Equities fund tracking the MSCI Korea NR USD, while GXDW is a Systematic Trend fund tracking the Nasdaq Dorsey Wright Thematic Rotation Total Return Index. Both are passively managed. Over the past 5 years, CSKR.L returned 18.48%/yr vs -8.13%/yr for GXDW. At a 0.38 correlation, their price movements are largely independent. CSKR.L charges 0.65%/yr vs 0.50%/yr for GXDW.
Performance
CSKR.L vs. GXDW - Performance Comparison
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Returns By Period
In the year-to-date period, CSKR.L achieves a 106.37% return, which is significantly higher than GXDW's 23.43% return.
CSKR.L
- 1D
- -4.80%
- 1M
- 15.77%
- YTD
- 106.37%
- 6M
- 126.95%
- 1Y
- 232.60%
- 3Y*
- 49.13%
- 5Y*
- 18.48%
- 10Y*
- 17.00%
GXDW
- 1D
- -1.42%
- 1M
- 4.46%
- YTD
- 23.43%
- 6M
- 17.77%
- 1Y
- 19.75%
- 3Y*
- 6.30%
- 5Y*
- -8.13%
- 10Y*
- —
CSKR.L vs. GXDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSKR.L iShares MSCI Korea UCITS ETF (Acc) | 106.37% | 99.44% | -22.66% | 19.75% | -28.52% | -8.24% | 44.24% | 4.98% |
GXDW Global X Dorsey Wright Thematic ETF | 23.43% | 3.52% | -3.55% | 10.26% | -48.08% | 3.21% | 61.07% | 4.70% |
Correlation
The correlation between CSKR.L and GXDW is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019 | 0.38 |
The correlation between CSKR.L and GXDW shifts across timeframes, from 0.35 (3 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSKR.L vs. GXDW — Risk / Return Rank
CSKR.L
GXDW
CSKR.L vs. GXDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) and Global X Dorsey Wright Thematic ETF (GXDW). 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.
| CSKR.L | GXDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.21 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.15 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 9.97 | 0.80 | +9.17 |
| Martin ratioReturn relative to average drawdown | 37.50 | 1.91 | +35.59 |
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
| CSKR.L | GXDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.87 | 0.78 | +5.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | -0.30 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.11 | +0.44 |
Drawdowns
CSKR.L vs. GXDW - Drawdown Comparison
The maximum CSKR.L drawdown since its inception was -50.88%, smaller than the maximum GXDW drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for CSKR.L and GXDW.
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Drawdown Indicators
| CSKR.L | GXDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.88% | -67.81% | +16.93% |
Max Drawdown (1Y)Largest decline over 1 year | -23.16% | -24.65% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -29.22% | -31.89% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -49.14% | -61.17% | +12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -50.88% | — | — |
Current DrawdownCurrent decline from peak | -5.91% | -51.21% | +45.30% |
Average DrawdownAverage peak-to-trough decline | -21.48% | -43.09% | +21.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.17% | 10.36% | -4.19% |
Volatility
CSKR.L vs. GXDW - Volatility Comparison
iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) has a higher volatility of 18.32% compared to Global X Dorsey Wright Thematic ETF (GXDW) at 10.10%. This indicates that CSKR.L's price experiences larger fluctuations and is considered to be riskier than GXDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSKR.L | GXDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.32% | 10.10% | +8.22% |
Volatility (6M)Calculated over the trailing 6-month period | 34.47% | 19.04% | +15.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.40% | 25.56% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.89% | 27.63% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.26% | 29.59% | -0.33% |
CSKR.L vs. GXDW - Expense Ratio Comparison
CSKR.L has a 0.65% expense ratio, which is higher than GXDW's 0.50% expense ratio.
Dividends
CSKR.L vs. GXDW - Dividend Comparison
CSKR.L has not paid dividends to shareholders, while GXDW's dividend yield for the trailing twelve months is around 1.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CSKR.L iShares MSCI Korea UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GXDW Global X Dorsey Wright Thematic ETF | 1.14% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% |
Frequently Asked Questions
CSKR.L and GXDW have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXDW is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXDW is cheaper with a 0.50% expense ratio, compared with 0.65% for CSKR.L.
CSKR.L is categorized as Asia Pacific Equities, while GXDW is Systematic Trend. CSKR.L tracks MSCI Korea NR USD, while GXDW tracks Nasdaq Dorsey Wright Thematic Rotation Total Return Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.65% for CSKR.L and 0.50% for GXDW.
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