DXSE.DE vs. W311.DE
DXSE.DE (Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C) and W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both Health & Biotech Equities funds - DXSE.DE tracks the MSCI Europe Health Care ESG Screened 20-35 while W311.DE tracks the Indxx Global NextGen Healthcare. Both are passively managed. Over the past 5 years, DXSE.DE returned 5.38%/yr vs -5.98%/yr for W311.DE. A 0.51 correlation means they provide meaningful diversification when combined. DXSE.DE charges 0.17%/yr vs 0.59%/yr for W311.DE.
Performance
DXSE.DE vs. W311.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSE.DE achieves a -1.95% return, which is significantly higher than W311.DE's -3.63% return.
DXSE.DE
- 1D
- 2.90%
- 1M
- 1.98%
- YTD
- -1.95%
- 6M
- -0.40%
- 1Y
- 4.80%
- 3Y*
- 2.51%
- 5Y*
- 5.38%
- 10Y*
- 6.10%
W311.DE
- 1D
- 3.38%
- 1M
- 1.65%
- YTD
- -3.63%
- 6M
- -6.55%
- 1Y
- 11.17%
- 3Y*
- -2.49%
- 5Y*
- -5.98%
- 10Y*
- —
DXSE.DE vs. W311.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DXSE.DE Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C | -1.95% | 4.97% | 4.52% | 9.56% | -5.75% | 25.75% | -1.94% | 19.27% |
W311.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | -3.63% | 7.18% | -4.84% | -0.30% | -25.93% | 1.52% | 14.63% | 15.38% |
Correlation
The correlation between DXSE.DE and W311.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 3, 2019 | 0.51 |
The correlation between DXSE.DE and W311.DE has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
DXSE.DE vs. W311.DE — Risk / Return Rank
DXSE.DE
W311.DE
DXSE.DE vs. W311.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) and HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.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.
| DXSE.DE | W311.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.69 | -0.31 |
| Martin ratioReturn relative to average drawdown | 0.82 | 1.61 | -0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXSE.DE | W311.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.59 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | -0.26 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.02 | +0.46 |
Drawdowns
DXSE.DE vs. W311.DE - Drawdown Comparison
The maximum DXSE.DE drawdown since its inception was -34.30%, smaller than the maximum W311.DE drawdown of -48.92%. Use the drawdown chart below to compare losses from any high point for DXSE.DE and W311.DE.
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Drawdown Indicators
| DXSE.DE | W311.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -48.92% | +14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -16.09% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -28.10% | -28.36% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -48.92% | +20.82% |
Max Drawdown (10Y)Largest decline over 10 years | -28.10% | — | — |
Current DrawdownCurrent decline from peak | -13.88% | -35.40% | +21.52% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -23.20% | +14.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 6.93% | -1.12% |
Volatility
DXSE.DE vs. W311.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) is 5.82%, while HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) has a volatility of 6.31%. This indicates that DXSE.DE experiences smaller price fluctuations and is considered to be less risky than W311.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSE.DE | W311.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 6.31% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 13.92% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 18.96% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.48% | 22.38% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 22.73% | -6.69% |
DXSE.DE vs. W311.DE - Expense Ratio Comparison
DXSE.DE has a 0.17% expense ratio, which is lower than W311.DE's 0.59% expense ratio.
Dividends
DXSE.DE vs. W311.DE - Dividend Comparison
Neither DXSE.DE nor W311.DE has paid dividends to shareholders.
Frequently Asked Questions
DXSE.DE and W311.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXSE.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSE.DE is cheaper with a 0.17% expense ratio, compared with 0.59% for W311.DE.
DXSE.DE tracks MSCI Europe Health Care ESG Screened 20-35, while W311.DE tracks Indxx Global NextGen Healthcare. They also come from different issuers: Xtrackers and HANetf. Their fees differ too: 0.17% for DXSE.DE and 0.59% for W311.DE.
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