DBXW.DE vs. PSWD.DE
DBXW.DE (Xtrackers MSCI World Swap UCITS ETF 1C) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - DBXW.DE tracks the MSCI World while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 10 years, DBXW.DE returned 12.75%/yr vs 11.86%/yr for PSWD.DE. Their correlation of 0.83 suggests significant overlap in exposure. DBXW.DE charges 0.45%/yr vs 0.39%/yr for PSWD.DE.
Performance
DBXW.DE vs. PSWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXW.DE achieves a 10.90% return, which is significantly lower than PSWD.DE's 16.46% return. Over the past 10 years, DBXW.DE has outperformed PSWD.DE with an annualized return of 12.75%, while PSWD.DE has yielded a comparatively lower 11.86% annualized return.
DBXW.DE
- 1D
- -0.01%
- 1M
- 4.86%
- YTD
- 10.90%
- 6M
- 11.35%
- 1Y
- 23.71%
- 3Y*
- 17.46%
- 5Y*
- 12.79%
- 10Y*
- 12.75%
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
DBXW.DE vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXW.DE Xtrackers MSCI World Swap UCITS ETF 1C | 10.90% | 7.77% | 25.74% | 20.10% | -13.86% | 32.72% | 5.42% | 31.34% | -4.85% | 7.73% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
Correlation
The correlation between DBXW.DE and PSWD.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2014 | 0.83 |
The correlation between DBXW.DE and PSWD.DE has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
DBXW.DE vs. PSWD.DE — Risk / Return Rank
DBXW.DE
PSWD.DE
DBXW.DE vs. PSWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| DBXW.DE | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.58 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 5.56 | -1.97 |
| Martin ratioReturn relative to average drawdown | 14.33 | 22.39 | -8.07 |
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
| DBXW.DE | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 3.10 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.00 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.80 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.68 | -0.18 |
Drawdowns
DBXW.DE vs. PSWD.DE - Drawdown Comparison
The maximum DBXW.DE drawdown since its inception was -53.36%, which is greater than PSWD.DE's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for DBXW.DE and PSWD.DE.
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Drawdown Indicators
| DBXW.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.36% | -36.39% | -16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -5.89% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -18.19% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -18.19% | -3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -33.81% | -36.39% | +2.58% |
Current DrawdownCurrent decline from peak | -0.32% | -0.31% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -4.65% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.46% | +0.19% |
Volatility
DBXW.DE vs. PSWD.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) is 2.60%, while Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a volatility of 3.08%. This indicates that DBXW.DE experiences smaller price fluctuations and is considered to be less risky than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXW.DE | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.08% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.86% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 10.54% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 13.16% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.19% | +0.35% |
DBXW.DE vs. PSWD.DE - Expense Ratio Comparison
DBXW.DE has a 0.45% expense ratio, which is higher than PSWD.DE's 0.39% expense ratio.
Dividends
DBXW.DE vs. PSWD.DE - Dividend Comparison
DBXW.DE has not paid dividends to shareholders, while PSWD.DE's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXW.DE Xtrackers MSCI World Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
DBXW.DE and PSWD.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSWD.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE is cheaper with a 0.39% expense ratio, compared with 0.45% for DBXW.DE.
DBXW.DE tracks MSCI World, while PSWD.DE tracks FTSE RAFI All-World 3000. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.45% for DBXW.DE and 0.39% for PSWD.DE.
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