IWLE.DE vs. XDEB.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and XDEB.DE (Xtrackers MSCI World Minimum Volatility UCITS ETF 1C) are both Global Equities funds - IWLE.DE tracks the MSCI World Net TR Index while XDEB.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 6.05%/yr for XDEB.DE. A 0.56 correlation means they provide meaningful diversification when combined. IWLE.DE charges 0.30%/yr vs 0.25%/yr for XDEB.DE.
Performance
IWLE.DE vs. XDEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly higher than XDEB.DE's 3.07% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
XDEB.DE
- 1D
- -0.28%
- 1M
- 0.84%
- YTD
- 3.07%
- 6M
- 3.66%
- 1Y
- 4.26%
- 3Y*
- 7.61%
- 5Y*
- 6.05%
- 10Y*
- 7.15%
IWLE.DE vs. XDEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 12.14% |
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 3.07% | -1.27% | 17.84% | 3.65% | -4.26% | 24.29% | -6.66% | 10.70% |
Correlation
The correlation between IWLE.DE and XDEB.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.56 |
Over the past year, the correlation between IWLE.DE and XDEB.DE has dropped to 0.17 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
IWLE.DE vs. XDEB.DE — Risk / Return Rank
IWLE.DE
XDEB.DE
IWLE.DE vs. XDEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.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.
| IWLE.DE | XDEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.80 | +1.77 |
| Martin ratioReturn relative to average drawdown | 11.25 | 2.08 | +9.17 |
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Drawdowns
IWLE.DE vs. XDEB.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than XDEB.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and XDEB.DE.
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Drawdown Indicators
| IWLE.DE | XDEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -28.56% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -5.31% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -13.02% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -13.02% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.56% | — |
Current DrawdownCurrent decline from peak | -1.77% | -5.29% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -6.78% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.04% | -0.20% |
Volatility
IWLE.DE vs. XDEB.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE) at 2.02%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than XDEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | XDEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.02% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 5.60% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 7.95% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 10.16% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 12.74% | +4.02% |
IWLE.DE vs. XDEB.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is higher than XDEB.DE's 0.25% expense ratio.
Dividends
IWLE.DE vs. XDEB.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while XDEB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWLE.DE and XDEB.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEB.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IWLE.DE.
IWLE.DE tracks MSCI World Net TR Index, while XDEB.DE tracks MSCI ACWI NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.30% for IWLE.DE and 0.25% for XDEB.DE.
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