DX2D.DE vs. XDWH.DE

Last updated Jul 4, 2026

DX2D.DE (Xtrackers LPX Private Equity Swap UCITS ETF (Acc)) and XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - DX2D.DE is a Global Equities fund tracking the LPX Major Market Index, while XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, DX2D.DE returned 10.70%/yr vs 8.35%/yr for XDWH.DE. A 0.56 correlation means they provide meaningful diversification when combined. DX2D.DE charges 0.70%/yr vs 0.25%/yr for XDWH.DE.

Performance

DX2D.DE vs. XDWH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DX2D.DE achieves a -15.03% return, which is significantly lower than XDWH.DE's 6.77% return. Over the past 10 years, DX2D.DE has outperformed XDWH.DE with an annualized return of 10.70%, while XDWH.DE has yielded a comparatively lower 8.35% annualized 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%

XDWH.DE

• 1D: -0.04%
• 1M: 12.02%
• 6M: 7.05%
• YTD: 6.77%
• 1Y: 22.07%
• 3Y*: 6.34%
• 5Y*: 5.87%
• 10Y*: 8.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DX2D.DE vs. XDWH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DX2D.DE Xtrackers LPX Private Equity Swap UCITS ETF (Acc)	-15.03%	-10.95%	31.41%	40.37%	-29.92%	64.10%	-0.69%	45.42%	-11.58%	11.79%
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C	6.77%	2.20%	7.45%	0.04%	0.11%	30.30%	2.70%	27.21%	5.98%	5.52%

Correlation

The correlation between DX2D.DE and XDWH.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010	0.56

Over the past year, the correlation between DX2D.DE and XDWH.DE has dropped to 0.27 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

DX2D.DE vs. XDWH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DX2D.DE

DX2D.DE Risk / Return Rank: 3
DX2D.DE Sharpe Ratio Rank: 2
DX2D.DE Sortino Ratio Rank: 3
DX2D.DE Omega Ratio Rank: 3
DX2D.DE Calmar Ratio Rank: 4
DX2D.DE Martin Ratio Rank: 4

XDWH.DE

XDWH.DE Risk / Return Rank: 53
XDWH.DE Sharpe Ratio Rank: 55
XDWH.DE Sortino Ratio Rank: 61
XDWH.DE Omega Ratio Rank: 52
XDWH.DE Calmar Ratio Rank: 54
XDWH.DE Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DX2D.DE vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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	XDWH.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	1.55	-2.42
Sortino ratio: Return per unit of downside risk	-1.11	2.36	-3.47
Omega ratio: Gain probability vs. loss probability	0.86	1.28	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.65	2.24	-2.89
Martin ratio: Return relative to average drawdown	-1.16	5.74	-6.90

DX2D.DE vs. XDWH.DE - Sharpe Ratio Comparison

The current DX2D.DE Sharpe Ratio is -0.87, which is lower than the XDWH.DE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of DX2D.DE and XDWH.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DX2D.DE vs. XDWH.DE - Drawdown Comparison

The maximum DX2D.DE drawdown since its inception was -76.50%, which is greater than XDWH.DE's maximum drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for DX2D.DE and XDWH.DE.

Drawdown Indicators

	DX2D.DE	XDWH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-76.50%	-40.65%	-35.85%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	-9.82%	-17.57%
Max Drawdown (3Y) Largest decline over 3 years	-35.34%	-21.11%	-14.23%
Max Drawdown (5Y) Largest decline over 5 years	-36.85%	-21.11%	-15.74%
Max Drawdown (10Y) Largest decline over 10 years	-48.24%	-26.06%	-22.18%
Current Drawdown Current decline from peak	-30.56%	-0.35%	-30.21%
Average Drawdown Average peak-to-trough decline	-15.75%	-7.34%	-8.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.43%	3.83%	+11.60%

Volatility

DX2D.DE vs. XDWH.DE - Volatility Comparison

Xtrackers LPX Private Equity Swap UCITS ETF (Acc) (DX2D.DE) has a higher volatility of 5.46% compared to Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) at 4.52%. This indicates that DX2D.DE's price experiences larger fluctuations and is considered to be riskier than XDWH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DX2D.DE	XDWH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	4.52%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	16.67%	10.23%	+6.44%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	14.17%	+6.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	13.51%	+9.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	15.62%	+7.40%

DX2D.DE vs. XDWH.DE - Expense Ratio Comparison

DX2D.DE has a 0.70% expense ratio, which is higher than XDWH.DE's 0.25% expense ratio.

Dividends

DX2D.DE vs. XDWH.DE - Dividend Comparison

Neither DX2D.DE nor XDWH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DX2D.DE and XDWH.DE in my portfolio?

DX2D.DE and XDWH.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DX2D.DE or XDWH.DE?

On fees, XDWH.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DX2D.DE or XDWH.DE?

XDWH.DE is cheaper with a 0.25% expense ratio, compared with 0.70% for DX2D.DE.

What is the main difference between DX2D.DE and XDWH.DE?

DX2D.DE is categorized as Global Equities, while XDWH.DE is Health & Biotech Equities. DX2D.DE tracks LPX Major Market Index, while XDWH.DE tracks MSCI World/Health Care NR USD. Their fees differ too: 0.70% for DX2D.DE and 0.25% for XDWH.DE.