DX2D.DE vs. MVEW.DE
DX2D.DE (Xtrackers LPX Private Equity Swap UCITS ETF (Acc)) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - DX2D.DE tracks the LPX Major Market Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, DX2D.DE returned 3.27%/yr vs 6.26%/yr for MVEW.DE. A 0.57 correlation means they provide meaningful diversification when combined. DX2D.DE charges 0.70%/yr vs 0.30%/yr for MVEW.DE.
Performance
DX2D.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2D.DE achieves a -15.03% return, which is significantly lower than MVEW.DE's 3.91% return.
DX2D.DE
- 1D
- -0.28%
- 1M
- 2.67%
- 6M
- -14.96%
- YTD
- -15.03%
- 1Y
- -17.90%
- 3Y*
- 7.36%
- 5Y*
- 3.27%
- 10Y*
- 10.70%
MVEW.DE
- 1D
- 0.00%
- 1M
- 2.87%
- 6M
- 4.97%
- YTD
- 3.91%
- 1Y
- 5.74%
- 3Y*
- 7.50%
- 5Y*
- 6.26%
- 10Y*
- —
DX2D.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DX2D.DE Xtrackers LPX Private Equity Swap UCITS ETF (Acc) | -15.03% | -10.95% | 31.41% | 40.37% | -29.92% | 64.10% | 37.56% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 3.91% | -1.00% | 17.31% | 6.25% | -5.88% | 26.06% | 1.72% |
Correlation
The correlation between DX2D.DE and MVEW.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.57 |
Over the past year, the correlation between DX2D.DE and MVEW.DE has dropped to 0.32 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
DX2D.DE vs. MVEW.DE — Risk / Return Rank
DX2D.DE
MVEW.DE
DX2D.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| DX2D.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.13 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.23 | -1.89 |
| Martin ratioReturn relative to average drawdown | -1.16 | 3.06 | -4.22 |
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Drawdowns
DX2D.DE vs. MVEW.DE - Drawdown Comparison
The maximum DX2D.DE drawdown since its inception was -76.50%, which is greater than MVEW.DE's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for DX2D.DE and MVEW.DE.
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Drawdown Indicators
| DX2D.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.50% | -13.09% | -63.41% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -4.63% | -22.76% |
Max Drawdown (3Y)Largest decline over 3 years | -35.34% | -13.09% | -22.25% |
Max Drawdown (5Y)Largest decline over 5 years | -36.85% | -13.09% | -23.76% |
Max Drawdown (10Y)Largest decline over 10 years | -48.24% | — | — |
Current DrawdownCurrent decline from peak | -30.56% | -3.10% | -27.46% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -3.82% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.43% | 1.87% | +13.56% |
Volatility
DX2D.DE vs. MVEW.DE - Volatility Comparison
Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) has a higher volatility of 5.46% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.03%. This indicates that DX2D.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DX2D.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 2.03% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 5.68% | +10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 8.13% | +12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 10.33% | +13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 10.86% | +12.16% |
DX2D.DE vs. MVEW.DE - Expense Ratio Comparison
DX2D.DE has a 0.70% expense ratio, which is higher than MVEW.DE's 0.30% expense ratio.
Dividends
DX2D.DE vs. MVEW.DE - Dividend Comparison
Neither DX2D.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2D.DE and MVEW.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEW.DE is cheaper with a 0.30% expense ratio, compared with 0.70% for DX2D.DE.
DX2D.DE tracks LPX Major Market Index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.70% for DX2D.DE and 0.30% for MVEW.DE.
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