DX2E.DE vs. UETW.DE
DX2E.DE (Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - DX2E.DE tracks the S&P Global Infrastructure Net Total Return Index while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, DX2E.DE returned 11.16%/yr vs 12.32%/yr for UETW.DE. A 0.64 correlation means they provide meaningful diversification when combined. DX2E.DE charges 0.60%/yr vs 0.10%/yr for UETW.DE.
Performance
DX2E.DE vs. UETW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DX2E.DE having a 12.97% return and UETW.DE slightly higher at 13.14%.
DX2E.DE
- 1D
- -0.43%
- 1M
- 1.79%
- 6M
- 11.15%
- YTD
- 12.97%
- 1Y
- 19.57%
- 3Y*
- 14.46%
- 5Y*
- 11.16%
- 10Y*
- 7.32%
UETW.DE
- 1D
- 0.23%
- 1M
- 1.71%
- 6M
- 11.32%
- YTD
- 13.14%
- 1Y
- 24.05%
- 3Y*
- 18.31%
- 5Y*
- 12.32%
- 10Y*
- —
DX2E.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DX2E.DE Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) | 12.97% | 7.67% | 20.50% | 1.50% | 5.79% | 19.36% | -15.20% | 8.85% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 13.14% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
Correlation
The correlation between DX2E.DE and UETW.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.64 |
Over the past year, the correlation between DX2E.DE and UETW.DE has dropped to 0.35 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
DX2E.DE vs. UETW.DE — Risk / Return Rank
DX2E.DE
UETW.DE
DX2E.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.59 | +0.48 |
| Martin ratioReturn relative to average drawdown | 10.13 | 14.06 | -3.93 |
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Drawdowns
DX2E.DE vs. UETW.DE - Drawdown Comparison
The maximum DX2E.DE drawdown since its inception was -63.84%, which is greater than UETW.DE's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for DX2E.DE and UETW.DE.
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Drawdown Indicators
| DX2E.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.84% | -33.74% | -30.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -6.67% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -21.32% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -21.32% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | 0.00% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -18.81% | -4.97% | -13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.71% | +0.22% |
Volatility
DX2E.DE vs. UETW.DE - Volatility Comparison
Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.DE) has a higher volatility of 2.80% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.37%. This indicates that DX2E.DE's price experiences larger fluctuations and is considered to be riskier than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.37% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 7.92% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 11.21% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 14.06% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 16.55% | -1.80% |
DX2E.DE vs. UETW.DE - Expense Ratio Comparison
DX2E.DE has a 0.60% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
DX2E.DE vs. UETW.DE - Dividend Comparison
Neither DX2E.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2E.DE and UETW.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.60% for DX2E.DE.
DX2E.DE tracks S&P Global Infrastructure Net Total Return Index, while UETW.DE tracks MSCI World. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.60% for DX2E.DE and 0.10% for UETW.DE.
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