FXGB.L vs. XDEV.L
FXGB.L (First Trust FactorFX UCITS ETF Class B GBP) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - FXGB.L tracks the First Trust FactorFX UCITS ETF Class B GBP while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, FXGB.L returned 5.06%/yr vs 17.13%/yr for XDEV.L. At a 0.15 correlation, their price movements are largely independent.
Performance
FXGB.L vs. XDEV.L - Performance Comparison
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Returns By Period
In the year-to-date period, FXGB.L achieves a 6.36% return, which is significantly lower than XDEV.L's 29.58% return.
FXGB.L
- 1D
- 1.17%
- 1M
- 1.83%
- 6M
- 6.32%
- YTD
- 6.36%
- 1Y
- 11.05%
- 3Y*
- 6.35%
- 5Y*
- 5.06%
- 10Y*
- —
XDEV.L
- 1D
- -2.22%
- 1M
- -4.46%
- 6M
- 25.56%
- YTD
- 29.58%
- 1Y
- 56.03%
- 3Y*
- 25.49%
- 5Y*
- 17.13%
- 10Y*
- 11.93%
FXGB.L vs. XDEV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXGB.L First Trust FactorFX UCITS ETF Class B GBP | 6.36% | 7.73% | 5.81% | 10.67% | -1.83% | -2.87% | -1.20% | 2.63% | -1.11% | 0.76% |
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C | 29.58% | 30.51% | 6.79% | 13.25% | 1.01% | 21.67% | -6.88% | 14.56% | -9.23% | 1.30% |
Correlation
The correlation between FXGB.L and XDEV.L is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2017 | 0.15 |
The correlation between FXGB.L and XDEV.L shifts across timeframes, from -0.06 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXGB.L vs. XDEV.L — Risk / Return Rank
FXGB.L
XDEV.L
FXGB.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 B GBP (FXGB.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.
| FXGB.L | XDEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.68 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 8.06 | -5.52 |
| Martin ratioReturn relative to average drawdown | 7.10 | 26.50 | -19.40 |
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Drawdowns
FXGB.L vs. XDEV.L - Drawdown Comparison
The maximum FXGB.L drawdown since its inception was -9.43%, smaller than the maximum XDEV.L drawdown of -45.89%. Use the drawdown chart below to compare losses from any high point for FXGB.L and XDEV.L.
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Drawdown Indicators
| FXGB.L | XDEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -45.89% | +36.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.33% | -6.92% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -19.90% | +13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -7.83% | -19.90% | +12.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.20% | — |
Current DrawdownCurrent decline from peak | -0.01% | -5.91% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -15.27% | +12.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.11% | -0.56% |
Volatility
FXGB.L vs. XDEV.L - Volatility Comparison
The current volatility for First Trust FactorFX UCITS ETF Class B GBP (FXGB.L) is 2.78%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 6.07%. This indicates that FXGB.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.
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Volatility by Period
| FXGB.L | XDEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 6.07% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 13.08% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 15.01% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 19.12% | -11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 21.02% | -14.26% |
Dividends
FXGB.L vs. XDEV.L - Dividend Comparison
Neither FXGB.L nor XDEV.L has paid dividends to shareholders.
Frequently Asked Questions
FXGB.L and XDEV.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXGB.L tracks First Trust FactorFX UCITS ETF Class B GBP, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: First Trust and DWS.
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