OPEN.DE vs. XDEM.DE
OPEN.DE (iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc)) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - OPEN.DE is a Global Equities fund tracking the MSCI ACWI Value NR USD, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, OPEN.DE returned 12.27%/yr vs 15.28%/yr for XDEM.DE. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
OPEN.DE vs. XDEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OPEN.DE achieves a 23.89% return, which is significantly lower than XDEM.DE's 29.03% return.
OPEN.DE
- 1D
- 0.47%
- 1M
- 5.35%
- YTD
- 23.89%
- 6M
- 24.77%
- 1Y
- 35.76%
- 3Y*
- 18.67%
- 5Y*
- 12.27%
- 10Y*
- —
XDEM.DE
- 1D
- 1.63%
- 1M
- 6.79%
- YTD
- 29.03%
- 6M
- 28.98%
- 1Y
- 40.31%
- 3Y*
- 28.45%
- 5Y*
- 15.28%
- 10Y*
- 16.73%
OPEN.DE vs. XDEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 23.89% | 10.42% | 14.10% | 11.46% | -3.78% | 27.00% | 0.40% | 25.13% | -8.51% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 29.03% | 8.09% | 38.22% | 8.18% | -13.65% | 24.74% | 16.54% | 31.58% | -12.81% |
Correlation
The correlation between OPEN.DE and XDEM.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018 | 0.70 |
The correlation between OPEN.DE and XDEM.DE shifts across timeframes, from 0.56 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OPEN.DE vs. XDEM.DE — Risk / Return Rank
OPEN.DE
XDEM.DE
OPEN.DE vs. XDEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) and Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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.
| OPEN.DE | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.40 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 4.45 | -0.11 |
| Martin ratioReturn relative to average drawdown | 16.18 | 16.95 | -0.76 |
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Drawdowns
OPEN.DE vs. XDEM.DE - Drawdown Comparison
The maximum OPEN.DE drawdown since its inception was -33.08%, which is greater than XDEM.DE's maximum drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for OPEN.DE and XDEM.DE.
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Drawdown Indicators
| OPEN.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.08% | -30.94% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -9.01% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.74% | -23.51% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.74% | -23.51% | +3.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.94% | — |
Current DrawdownCurrent decline from peak | -1.02% | -1.24% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -7.38% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.37% | -0.17% |
Volatility
OPEN.DE vs. XDEM.DE - Volatility Comparison
The current volatility for iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) is 4.88%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 6.97%. This indicates that OPEN.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPEN.DE | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 6.97% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 15.01% | -4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 17.90% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 17.51% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 18.14% | -2.58% |
OPEN.DE vs. XDEM.DE - Expense Ratio Comparison
Both OPEN.DE and XDEM.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
OPEN.DE vs. XDEM.DE - Dividend Comparison
Neither OPEN.DE nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
OPEN.DE and XDEM.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
OPEN.DE and XDEM.DE have the same expense ratio: 0.25% per year.
OPEN.DE is categorized as Global Equities, while XDEM.DE is Momentum. OPEN.DE tracks MSCI ACWI Value NR USD, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: iShares and DWS.
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