FTFX.L vs. XDEV.L

Last updated Jul 16, 2026

FTFX.L (First Trust FactorFX UCITS ETF Class A USD) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - FTFX.L tracks the First Trust FactorFX UCITS ETF Class A USD while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, FTFX.L returned 5.92%/yr vs 16.75%/yr for XDEV.L. At a 0.22 correlation, their price movements are largely independent.

Performance

FTFX.L vs. XDEV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust FactorFX UCITS ETF Class A USD (FTFX.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FTFX.L is traded in USD, while XDEV.L is traded in GBp. To make them comparable, the XDEV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FTFX.L achieves a 6.72% return, which is significantly lower than XDEV.L's 30.33% return.

FTFX.L

• 1D: 0.81%
• 1M: 2.12%
• 6M: 6.59%
• YTD: 6.72%
• 1Y: 10.31%
• 3Y*: 6.78%
• 5Y*: 5.92%
• 10Y*: —

XDEV.L

• 1D: -1.10%
• 1M: -3.59%
• 6M: 26.45%
• YTD: 30.33%
• 1Y: 57.83%
• 3Y*: 26.88%
• 5Y*: 16.75%
• 10Y*: 12.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTFX.L vs. XDEV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTFX.L First Trust FactorFX UCITS ETF Class A USD	6.72%	8.14%	7.93%	9.97%	-1.13%	-3.43%	0.33%	4.18%	0.10%	0.45%
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C	30.33%	40.36%	5.01%	19.23%	-9.79%	20.57%	-4.03%	19.16%	-14.37%	10.54%

Correlation

The correlation between FTFX.L and XDEV.L is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jul 27, 2017	0.22

Over the past year, the correlation between FTFX.L and XDEV.L has dropped to 0.00 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.

Return for Risk

FTFX.L vs. XDEV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTFX.L

FTFX.L Risk / Return Rank: 65
FTFX.L Sharpe Ratio Rank: 56
FTFX.L Sortino Ratio Rank: 58
FTFX.L Omega Ratio Rank: 65
FTFX.L Calmar Ratio Rank: 79
FTFX.L Martin Ratio Rank: 69

XDEV.L

XDEV.L Risk / Return Rank: 96
XDEV.L Sharpe Ratio Rank: 97
XDEV.L Sortino Ratio Rank: 96
XDEV.L Omega Ratio Rank: 96
XDEV.L Calmar Ratio Rank: 97
XDEV.L Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTFX.L vs. XDEV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust FactorFX UCITS ETF Class A USD (FTFX.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.

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.

	FTFX.L	XDEV.L	Difference
Sharpe ratio: Return per unit of total volatility	1.55	3.55	-2.00
Sortino ratio: Return per unit of downside risk	2.23	4.83	-2.59
Omega ratio: Gain probability vs. loss probability	1.31	1.62	-0.31
Calmar ratio: Return relative to maximum drawdown	3.30	6.59	-3.29
Martin ratio: Return relative to average drawdown	10.01	23.86	-13.85

FTFX.L vs. XDEV.L - Sharpe Ratio Comparison

The current FTFX.L Sharpe Ratio is 1.55, which is lower than the XDEV.L Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of FTFX.L and XDEV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTFX.L vs. XDEV.L - Drawdown Comparison

The maximum FTFX.L drawdown since its inception was -8.13%, smaller than the maximum XDEV.L drawdown of -50.32%. Use the drawdown chart below to compare losses from any high point for FTFX.L and XDEV.L.

Drawdown Indicators

	FTFX.L	XDEV.L	Difference
Max Drawdown Largest peak-to-trough decline	-8.13%	-50.32%	+42.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.97%	-8.73%	+5.76%
Max Drawdown (3Y) Largest decline over 3 years	-6.92%	-18.80%	+11.88%
Max Drawdown (5Y) Largest decline over 5 years	-6.92%	-26.72%	+19.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.02%	—
Current Drawdown Current decline from peak	0.00%	-3.88%	+3.88%
Average Drawdown Average peak-to-trough decline	-2.08%	-21.78%	+19.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	2.42%	-1.44%

Volatility

FTFX.L vs. XDEV.L - Volatility Comparison

The current volatility for First Trust FactorFX UCITS ETF Class A USD (FTFX.L) is 1.26%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 5.95%. This indicates that FTFX.L experiences smaller price fluctuations and is considered to be less risky than XDEV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTFX.L	XDEV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	5.95%	-4.69%
Volatility (6M) Calculated over the trailing 6-month period	4.37%	13.95%	-9.58%
Volatility (1Y) Calculated over the trailing 1-year period	6.34%	16.24%	-9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	20.88%	-13.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.18%	22.09%	-15.91%

Dividends

FTFX.L vs. XDEV.L - Dividend Comparison

Neither FTFX.L nor XDEV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FTFX.L and XDEV.L in my portfolio?

FTFX.L and XDEV.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FTFX.L and XDEV.L?

FTFX.L tracks First Trust FactorFX UCITS ETF Class A USD, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: First Trust and DWS.