GXLE.L vs. XDW0.L

Last updated Jun 5, 2026

GXLE.L (SPDR S&P US Energy Select Sector UCITS ETF) and XDW0.L (Xtrackers MSCI World Energy UCITS ETF 1C) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from State Street and Xtrackers respectively. Both are passively managed. Over the past 3 years, GXLE.L returned 14.18%/yr vs 15.80%/yr for XDW0.L. Their correlation of 0.94 suggests significant overlap in exposure. GXLE.L charges 0.15%/yr vs 0.25%/yr for XDW0.L.

Performance

GXLE.L vs. XDW0.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) and Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GXLE.L is traded in GBP, while XDW0.L is traded in USD. To make them comparable, the XDW0.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with GXLE.L having a 30.65% return and XDW0.L slightly higher at 31.44%.

GXLE.L

• 1D: -0.48%
• 1M: -0.13%
• YTD: 30.65%
• 6M: 28.41%
• 1Y: 47.66%
• 3Y*: 14.18%
• 5Y*: —
• 10Y*: —

XDW0.L

• 1D: -0.57%
• 1M: -0.95%
• YTD: 31.44%
• 6M: 27.91%
• 1Y: 48.84%
• 3Y*: 15.80%
• 5Y*: 20.48%
• 10Y*: 10.25%

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

GXLE.L vs. XDW0.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GXLE.L SPDR S&P US Energy Select Sector UCITS ETF	30.65%	2.22%	5.51%	-5.03%	26.48%
XDW0.L Xtrackers MSCI World Energy UCITS ETF 1C	31.44%	6.49%	3.89%	-1.50%	19.96%

Correlation

The correlation between GXLE.L and XDW0.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.94

The correlation between GXLE.L and XDW0.L has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

GXLE.L vs. XDW0.L — Risk / Return Rank

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

GXLE.L

GXLE.L Risk / Return Rank: 56
GXLE.L Sharpe Ratio Rank: 61
GXLE.L Sortino Ratio Rank: 51
GXLE.L Omega Ratio Rank: 59
GXLE.L Calmar Ratio Rank: 58
GXLE.L Martin Ratio Rank: 53

XDW0.L

XDW0.L Risk / Return Rank: 73
XDW0.L Sharpe Ratio Rank: 77
XDW0.L Sortino Ratio Rank: 67
XDW0.L Omega Ratio Rank: 71
XDW0.L Calmar Ratio Rank: 77
XDW0.L Martin Ratio Rank: 70

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.

GXLE.L vs. XDW0.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) and Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.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.

	GXLE.L	XDW0.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.39	-0.39
Sortino ratio: Return per unit of downside risk	2.45	2.91	-0.45
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	2.85	3.40	-0.55
Martin ratio: Return relative to average drawdown	9.07	10.88	-1.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GXLE.L vs. XDW0.L - Sharpe Ratio Comparison

The current GXLE.L Sharpe Ratio is 2.00, which is comparable to the XDW0.L Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of GXLE.L and XDW0.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.

Sharpe Ratios by Period

	GXLE.L	XDW0.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.39	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.42	+0.10

Drawdowns

GXLE.L vs. XDW0.L - Drawdown Comparison

The maximum GXLE.L drawdown since its inception was -23.60%, smaller than the maximum XDW0.L drawdown of -59.07%. Use the drawdown chart below to compare losses from any high point for GXLE.L and XDW0.L.

Drawdown Indicators

	GXLE.L	XDW0.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-59.07%	+35.47%
Max Drawdown (1Y) Largest decline over 1 year	-16.63%	-14.30%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-21.61%	-1.99%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.07%	—
Current Drawdown Current decline from peak	-8.95%	-7.68%	-1.27%
Average Drawdown Average peak-to-trough decline	-10.77%	-13.88%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	4.48%	+0.76%

Volatility

GXLE.L vs. XDW0.L - Volatility Comparison

SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) has a higher volatility of 9.27% compared to Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.L) at 7.80%. This indicates that GXLE.L's price experiences larger fluctuations and is considered to be riskier than XDW0.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXLE.L	XDW0.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	7.80%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	20.29%	17.20%	+3.09%
Volatility (1Y) Calculated over the trailing 1-year period	23.82%	20.41%	+3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.52%	23.73%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	25.59%	-0.07%

GXLE.L vs. XDW0.L - Expense Ratio Comparison

GXLE.L has a 0.15% expense ratio, which is lower than XDW0.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GXLE.L vs. XDW0.L - Dividend Comparison

Neither GXLE.L nor XDW0.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXLE.L and XDW0.L in my portfolio?

With a correlation of 0.94, GXLE.L and XDW0.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GXLE.L or XDW0.L?

On fees, GXLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXLE.L or XDW0.L?

GXLE.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDW0.L.

What is the main difference between GXLE.L and XDW0.L?

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for GXLE.L and 0.25% for XDW0.L.