DX2E.DE vs. UEEH.DE
DX2E.DE (Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc)) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - DX2E.DE tracks the S&P Global Infrastructure Net Total Return Index while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, DX2E.DE returned 11.43%/yr vs 5.97%/yr for UEEH.DE. A 0.62 correlation means they provide meaningful diversification when combined. DX2E.DE charges 0.60%/yr vs 0.30%/yr for UEEH.DE.
Performance
DX2E.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2E.DE achieves a 13.27% return, which is significantly higher than UEEH.DE's 4.56% 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%
UEEH.DE
- 1D
- 0.00%
- 1M
- 2.86%
- 6M
- 5.51%
- YTD
- 4.56%
- 1Y
- 5.38%
- 3Y*
- 7.50%
- 5Y*
- 5.97%
- 10Y*
- —
DX2E.DE vs. UEEH.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% | 7.21% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 4.56% | -1.30% | 17.87% | 3.61% | -4.41% | 24.47% | 0.95% |
Correlation
The correlation between DX2E.DE and UEEH.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2020 | 0.63 |
The correlation between DX2E.DE and UEEH.DE shifts across timeframes, from 0.48 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DX2E.DE vs. UEEH.DE — Risk / Return Rank
DX2E.DE
UEEH.DE
DX2E.DE vs. UEEH.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 UCITS ETF USD Dist (UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.12 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 1.01 | +3.04 |
| Martin ratioReturn relative to average drawdown | 10.10 | 2.54 | +7.55 |
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Drawdowns
DX2E.DE vs. UEEH.DE - Drawdown Comparison
The maximum DX2E.DE drawdown since its inception was -63.84%, which is greater than UEEH.DE's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for DX2E.DE and UEEH.DE.
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Drawdown Indicators
| DX2E.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.84% | -12.87% | -50.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -5.33% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -12.87% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -12.87% | -6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -3.86% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -18.85% | -4.38% | -14.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.11% | -0.19% |
Volatility
DX2E.DE vs. UEEH.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 UCITS ETF USD Dist (UEEH.DE) at 2.13%. This indicates that DX2E.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DX2E.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.13% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 5.72% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 8.05% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.23% | 10.30% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 10.21% | +4.54% |
DX2E.DE vs. UEEH.DE - Expense Ratio Comparison
DX2E.DE has a 0.60% expense ratio, which is higher than UEEH.DE's 0.30% expense ratio.
Dividends
DX2E.DE vs. UEEH.DE - Dividend Comparison
DX2E.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DX2E.DE Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.65% | 1.72% | 1.70% | 1.89% | 1.73% | 1.62% |
Frequently Asked Questions
DX2E.DE and UEEH.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.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 UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.60% for DX2E.DE and 0.30% for UEEH.DE.
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