DBXW.DE vs. XDEQ.DE
DBXW.DE (Xtrackers MSCI World Swap UCITS ETF 1C) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both Global Equities funds from Xtrackers - DBXW.DE tracks the MSCI World while XDEQ.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, DBXW.DE returned 12.75%/yr vs 12.38%/yr for XDEQ.DE. Their correlation of 0.87 suggests significant overlap in exposure. DBXW.DE charges 0.45%/yr vs 0.25%/yr for XDEQ.DE.
Performance
DBXW.DE vs. XDEQ.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 higher than XDEQ.DE's 9.48% return. Both investments have delivered pretty close results over the past 10 years, with DBXW.DE having a 12.75% annualized return and XDEQ.DE not far behind at 12.38%.
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%
XDEQ.DE
- 1D
- 0.79%
- 1M
- 4.30%
- YTD
- 9.48%
- 6M
- 10.18%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
DBXW.DE vs. XDEQ.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% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | 23.81% | 21.83% | -14.94% | 34.64% | 4.47% | 34.18% | -3.32% | 7.04% |
Correlation
The correlation between DBXW.DE and XDEQ.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.87 |
The correlation between DBXW.DE and XDEQ.DE has been stable across timeframes, ranging from 0.87 to 0.96 - a consistent structural relationship.
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Return for Risk
DBXW.DE vs. XDEQ.DE — Risk / Return Rank
DBXW.DE
XDEQ.DE
DBXW.DE vs. XDEQ.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 Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.04 | +0.54 |
| Martin ratioReturn relative to average drawdown | 14.33 | 12.17 | +2.15 |
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 | XDEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.78 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.80 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.85 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.80 | -0.31 |
Drawdowns
DBXW.DE vs. XDEQ.DE - Drawdown Comparison
The maximum DBXW.DE drawdown since its inception was -53.36%, which is greater than XDEQ.DE's maximum drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for DBXW.DE and XDEQ.DE.
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Drawdown Indicators
| DBXW.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.36% | -32.16% | -21.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -6.22% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -20.59% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -20.59% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -33.81% | -32.16% | -1.65% |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -4.75% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.56% | +0.09% |
Volatility
DBXW.DE vs. XDEQ.DE - Volatility Comparison
Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) has a higher volatility of 2.60% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) at 2.36%. This indicates that DBXW.DE's price experiences larger fluctuations and is considered to be riskier than XDEQ.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 | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.36% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.32% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 10.64% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 14.12% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.35% | +0.19% |
DBXW.DE vs. XDEQ.DE - Expense Ratio Comparison
DBXW.DE has a 0.45% expense ratio, which is higher than XDEQ.DE's 0.25% expense ratio.
Dividends
DBXW.DE vs. XDEQ.DE - Dividend Comparison
Neither DBXW.DE nor XDEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, DBXW.DE and XDEQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XDEQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEQ.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for DBXW.DE.
DBXW.DE tracks MSCI World, while XDEQ.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.45% for DBXW.DE and 0.25% for XDEQ.DE.
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