DX2E.DE vs. XDEM.DE
DX2E.DE (Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc)) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - DX2E.DE is a Global Equities fund tracking the S&P Global Infrastructure Net Total Return Index, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, DX2E.DE returned 7.29%/yr vs 14.74%/yr for XDEM.DE. A 0.62 correlation means they provide meaningful diversification when combined. DX2E.DE charges 0.60%/yr vs 0.25%/yr for XDEM.DE.
Performance
DX2E.DE vs. XDEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2E.DE achieves a 13.51% return, which is significantly lower than XDEM.DE's 17.77% return. Over the past 10 years, DX2E.DE has underperformed XDEM.DE with an annualized return of 7.29%, while XDEM.DE has yielded a comparatively higher 14.74% annualized return.
DX2E.DE
- 1D
- 0.62%
- 1M
- 2.05%
- 6M
- 11.14%
- YTD
- 13.51%
- 1Y
- 19.02%
- 3Y*
- 14.71%
- 5Y*
- 11.27%
- 10Y*
- 7.29%
XDEM.DE
- 1D
- -1.69%
- 1M
- -6.97%
- 6M
- 13.50%
- YTD
- 17.77%
- 1Y
- 26.04%
- 3Y*
- 23.96%
- 5Y*
- 13.15%
- 10Y*
- 14.74%
DX2E.DE vs. XDEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DX2E.DE Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) | 13.51% | 7.67% | 20.50% | 1.50% | 5.79% | 19.36% | -15.20% | 28.45% | -6.70% | 4.17% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 17.77% | 8.09% | 38.22% | 8.18% | -13.65% | 24.74% | 16.54% | 31.58% | 0.81% | 16.07% |
Correlation
The correlation between DX2E.DE and XDEM.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2014 | 0.62 |
Over the past year, the correlation between DX2E.DE and XDEM.DE has dropped to 0.33 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
DX2E.DE vs. XDEM.DE — Risk / Return Rank
DX2E.DE
XDEM.DE
DX2E.DE vs. XDEM.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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 2.63 | +1.33 |
| Martin ratioReturn relative to average drawdown | 9.83 | 9.37 | +0.46 |
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Drawdowns
DX2E.DE vs. XDEM.DE - Drawdown Comparison
The maximum DX2E.DE drawdown since its inception was -63.84%, which is greater than XDEM.DE's maximum drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for DX2E.DE and XDEM.DE.
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Drawdown Indicators
| DX2E.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.84% | -30.94% | -32.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -9.86% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -23.51% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -23.51% | +3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | -30.94% | -11.21% |
Current DrawdownCurrent decline from peak | -0.75% | -9.86% | +9.11% |
Average DrawdownAverage peak-to-trough decline | -18.81% | -7.37% | -11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.77% | -0.84% |
Volatility
DX2E.DE vs. XDEM.DE - Volatility Comparison
The current volatility for Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.DE) is 2.82%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 8.34%. This indicates that DX2E.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 8.34% | -5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 16.56% | -8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 19.33% | -9.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 17.78% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 18.25% | -3.50% |
DX2E.DE vs. XDEM.DE - Expense Ratio Comparison
DX2E.DE has a 0.60% expense ratio, which is higher than XDEM.DE's 0.25% expense ratio.
Dividends
DX2E.DE vs. XDEM.DE - Dividend Comparison
Neither DX2E.DE nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2E.DE and XDEM.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEM.DE is cheaper with a 0.25% expense ratio, compared with 0.60% for DX2E.DE.
DX2E.DE is categorized as Global Equities, while XDEM.DE is Momentum. DX2E.DE tracks S&P Global Infrastructure Net Total Return Index, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: Xtrackers and DWS. Their fees differ too: 0.60% for DX2E.DE and 0.25% for XDEM.DE.
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