EWSP.L vs. XMWX.L
EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) and XMWX.L (Xtrackers MSCI World ex USA UCITS ETF 1C) are both exchange-traded funds - EWSP.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while XMWX.L is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Index. Both are passively managed. Over the past year, EWSP.L returned 21.05% vs 24.92% for XMWX.L. A 0.66 correlation means they provide meaningful diversification when combined. EWSP.L charges 0.20%/yr vs 0.15%/yr for XMWX.L.
Performance
EWSP.L vs. XMWX.L - Performance Comparison
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Different Trading Currencies
EWSP.L is traded in GBP, while XMWX.L is traded in USD. To make them comparable, the XMWX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with EWSP.L having a 9.60% return and XMWX.L slightly lower at 9.48%.
EWSP.L
- 1D
- 0.41%
- 1M
- 4.78%
- YTD
- 9.60%
- 6M
- 10.10%
- 1Y
- 21.05%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
XMWX.L
- 1D
- 0.47%
- 1M
- 4.79%
- YTD
- 9.48%
- 6M
- 9.90%
- 1Y
- 24.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWSP.L vs. XMWX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 9.60% | 3.96% | 6.07% |
XMWX.L Xtrackers MSCI World ex USA UCITS ETF 1C | 9.48% | 14.39% | 3.50% |
Correlation
The correlation between EWSP.L and XMWX.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2024 | 0.66 |
The correlation between EWSP.L and XMWX.L has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.
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Return for Risk
EWSP.L vs. XMWX.L — Risk / Return Rank
EWSP.L
XMWX.L
EWSP.L vs. XMWX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) and Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.L). 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.
| EWSP.L | XMWX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 2.77 | +0.92 |
| Martin ratioReturn relative to average drawdown | 11.84 | 9.11 | +2.74 |
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
| EWSP.L | XMWX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.96 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.17 | -0.51 |
Drawdowns
EWSP.L vs. XMWX.L - Drawdown Comparison
The maximum EWSP.L drawdown since its inception was -19.59%, which is greater than XMWX.L's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for EWSP.L and XMWX.L.
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Drawdown Indicators
| EWSP.L | XMWX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.59% | -14.94% | -4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -8.96% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -3.18% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.73% | -0.96% |
Volatility
EWSP.L vs. XMWX.L - Volatility Comparison
The current volatility for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) is 1.96%, while Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.L) has a volatility of 3.24%. This indicates that EWSP.L experiences smaller price fluctuations and is considered to be less risky than XMWX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWSP.L | XMWX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 3.24% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 10.27% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 12.68% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 13.53% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 13.53% | -0.31% |
EWSP.L vs. XMWX.L - Expense Ratio Comparison
EWSP.L has a 0.20% expense ratio, which is higher than XMWX.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EWSP.L vs. XMWX.L - Dividend Comparison
Neither EWSP.L nor XMWX.L has paid dividends to shareholders.
Frequently Asked Questions
EWSP.L and XMWX.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWX.L is cheaper with a 0.15% expense ratio, compared with 0.20% for EWSP.L.
EWSP.L is categorized as S&P 500, while XMWX.L is Foreign Large Cap Equities. EWSP.L tracks S&P 500 Equal Weight Index, while XMWX.L tracks MSCI World ex USA Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for EWSP.L and 0.15% for XMWX.L.
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