DXSN.DE vs. XDWH.DE
DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) and XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - DXSN.DE is a Inverse Equities fund tracking the ShortDAX Index, while XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, DXSN.DE returned -11.19%/yr vs 8.35%/yr for XDWH.DE. At a correlation of -0.55, they often move in opposite directions. DXSN.DE charges 0.40%/yr vs 0.25%/yr for XDWH.DE.
Performance
DXSN.DE vs. XDWH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSN.DE achieves a -4.46% return, which is significantly lower than XDWH.DE's 6.77% return. Over the past 10 years, DXSN.DE has underperformed XDWH.DE with an annualized return of -11.19%, while XDWH.DE has yielded a comparatively higher 8.35% annualized return.
DXSN.DE
- 1D
- -0.77%
- 1M
- -3.54%
- 6M
- -4.36%
- YTD
- -4.46%
- 1Y
- -5.37%
- 3Y*
- -11.18%
- 5Y*
- -8.40%
- 10Y*
- -11.19%
XDWH.DE
- 1D
- -0.04%
- 1M
- 12.02%
- 6M
- 7.05%
- YTD
- 6.77%
- 1Y
- 22.07%
- 3Y*
- 6.34%
- 5Y*
- 5.87%
- 10Y*
- 8.35%
DXSN.DE vs. XDWH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -4.46% | -17.17% | -10.34% | -12.80% | 7.55% | -16.40% | -14.50% | -22.67% | 17.84% | -13.51% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | 6.77% | 2.20% | 7.45% | 0.04% | 0.11% | 30.30% | 2.70% | 27.21% | 5.98% | 5.52% |
Correlation
The correlation between DXSN.DE and XDWH.DE is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010 | -0.55 |
Over the past year, the inverse relationship between DXSN.DE and XDWH.DE has weakened: their correlation has moved from -0.55 to -0.33, meaning they move in opposite directions less often than they have historically.
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Return for Risk
DXSN.DE vs. XDWH.DE — Risk / Return Rank
DXSN.DE
XDWH.DE
DXSN.DE vs. XDWH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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.
| DXSN.DE | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.28 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 2.24 | -2.64 |
| Martin ratioReturn relative to average drawdown | -0.92 | 5.74 | -6.66 |
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Drawdowns
DXSN.DE vs. XDWH.DE - Drawdown Comparison
The maximum DXSN.DE drawdown since its inception was -92.04%, which is greater than XDWH.DE's maximum drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for DXSN.DE and XDWH.DE.
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Drawdown Indicators
| DXSN.DE | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.04% | -40.65% | -51.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -9.82% | -3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -21.11% | -15.89% |
Max Drawdown (5Y)Largest decline over 5 years | -46.93% | -21.11% | -25.82% |
Max Drawdown (10Y)Largest decline over 10 years | -69.91% | -26.06% | -43.85% |
Current DrawdownCurrent decline from peak | -92.04% | -0.35% | -91.69% |
Average DrawdownAverage peak-to-trough decline | -67.57% | -7.34% | -60.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 3.83% | +1.97% |
Volatility
DXSN.DE vs. XDWH.DE - Volatility Comparison
Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) have volatilities of 4.41% and 4.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSN.DE | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.52% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 10.23% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 14.17% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 13.51% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 15.62% | +2.48% |
DXSN.DE vs. XDWH.DE - Expense Ratio Comparison
DXSN.DE has a 0.40% expense ratio, which is higher than XDWH.DE's 0.25% expense ratio.
Dividends
DXSN.DE vs. XDWH.DE - Dividend Comparison
Neither DXSN.DE nor XDWH.DE has paid dividends to shareholders.
Frequently Asked Questions
DXSN.DE and XDWH.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, XDWH.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWH.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for DXSN.DE.
DXSN.DE is categorized as Inverse Equities, while XDWH.DE is Health & Biotech Equities. DXSN.DE tracks ShortDAX Index, while XDWH.DE tracks MSCI World/Health Care NR USD. Their fees differ too: 0.40% for DXSN.DE and 0.25% for XDWH.DE.
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