DX2E.DE vs. MVEW.DE
DX2E.DE (Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc)) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - DX2E.DE tracks the S&P Global Infrastructure Net Total Return Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, DX2E.DE returned 11.43%/yr vs 6.26%/yr for MVEW.DE. A 0.67 correlation means they provide meaningful diversification when combined. DX2E.DE charges 0.60%/yr vs 0.30%/yr for MVEW.DE.
Performance
DX2E.DE vs. MVEW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DX2E.DE achieves a 13.27% return, which is significantly higher than MVEW.DE's 3.91% return.
DX2E.DE
- 1D
- 0.58%
- 1M
- 3.26%
- 6M
- 12.67%
- YTD
- 13.27%
- 1Y
- 19.44%
- 3Y*
- 13.69%
- 5Y*
- 11.43%
- 10Y*
- 7.54%
MVEW.DE
- 1D
- 0.00%
- 1M
- 2.87%
- 6M
- 4.97%
- YTD
- 3.91%
- 1Y
- 5.74%
- 3Y*
- 7.50%
- 5Y*
- 6.26%
- 10Y*
- —
DX2E.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DX2E.DE Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) | 13.27% | 7.67% | 20.50% | 1.50% | 5.79% | 19.36% | 10.29% |
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 DX2E.DE and MVEW.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.67 |
Over the past year, the correlation between DX2E.DE and MVEW.DE has dropped to 0.47 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DX2E.DE vs. MVEW.DE — Risk / Return Rank
DX2E.DE
MVEW.DE
DX2E.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.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.
| DX2E.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.13 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 1.23 | +2.81 |
| Martin ratioReturn relative to average drawdown | 10.10 | 3.06 | +7.04 |
Loading charts...
Drawdowns
DX2E.DE vs. MVEW.DE - Drawdown Comparison
The maximum DX2E.DE drawdown since its inception was -63.84%, 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 DX2E.DE and MVEW.DE.
Loading charts...
Drawdown Indicators
| DX2E.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.84% | -13.09% | -50.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -4.63% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -13.09% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -13.09% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -3.10% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -18.85% | -3.82% | -15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.87% | +0.05% |
Volatility
DX2E.DE vs. MVEW.DE - Volatility Comparison
Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.DE) has a higher volatility of 3.27% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.03%. This indicates that DX2E.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.
Loading charts...
Volatility by Period
| DX2E.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.03% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 5.68% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 8.13% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.23% | 10.33% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 10.86% | +3.89% |
DX2E.DE vs. MVEW.DE - Expense Ratio Comparison
DX2E.DE has a 0.60% expense ratio, which is higher than MVEW.DE's 0.30% expense ratio.
Dividends
DX2E.DE vs. MVEW.DE - Dividend Comparison
Neither DX2E.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2E.DE and MVEW.DE have a correlation of 0.47, 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 0.60% for DX2E.DE.
DX2E.DE tracks S&P Global Infrastructure Net Total Return Index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.60% for DX2E.DE and 0.30% for MVEW.DE.
Find the right allocation for DX2E.DE and MVEW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer