PSWD.DE vs. XDEM.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - PSWD.DE is a Global Equities fund tracking the FTSE RAFI All-World 3000, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, PSWD.DE returned 12.50%/yr vs 16.73%/yr for XDEM.DE. A 0.71 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.25%/yr for XDEM.DE.
Performance
PSWD.DE vs. XDEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD.DE achieves a 17.33% return, which is significantly lower than XDEM.DE's 29.03% return. Over the past 10 years, PSWD.DE has underperformed XDEM.DE with an annualized return of 12.50%, while XDEM.DE has yielded a comparatively higher 16.73% annualized return.
PSWD.DE
- 1D
- 0.14%
- 1M
- 1.29%
- YTD
- 17.33%
- 6M
- 17.92%
- 1Y
- 34.49%
- 3Y*
- 19.55%
- 5Y*
- 13.47%
- 10Y*
- 12.50%
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%
PSWD.DE vs. XDEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 17.33% | 14.61% | 17.71% | 12.73% | -3.65% | 31.90% | -3.86% | 26.31% | -9.63% | 5.60% |
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% | 0.81% | 16.07% |
Correlation
The correlation between PSWD.DE and XDEM.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.71 |
The correlation between PSWD.DE and XDEM.DE has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
PSWD.DE vs. XDEM.DE — Risk / Return Rank
PSWD.DE
XDEM.DE
PSWD.DE vs. XDEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| PSWD.DE | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.40 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 4.45 | +1.38 |
| Martin ratioReturn relative to average drawdown | 23.39 | 16.95 | +6.44 |
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Drawdowns
PSWD.DE vs. XDEM.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.38%, 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 PSWD.DE and XDEM.DE.
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Drawdown Indicators
| PSWD.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -30.94% | -5.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -9.01% | +3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -23.51% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -23.51% | +5.32% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | -30.94% | -5.44% |
Current DrawdownCurrent decline from peak | -0.74% | -1.24% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -7.38% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.37% | -0.90% |
Volatility
PSWD.DE vs. XDEM.DE - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 3.35%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 6.97%. This indicates that PSWD.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
| PSWD.DE | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 6.97% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 15.01% | -6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.95% | 17.90% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 17.51% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 18.14% | -2.97% |
PSWD.DE vs. XDEM.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is higher than XDEM.DE's 0.25% expense ratio.
Dividends
PSWD.DE vs. XDEM.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.68%, while XDEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.68% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSWD.DE and XDEM.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEM.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for PSWD.DE.
PSWD.DE is categorized as Global Equities, while XDEM.DE is Momentum. PSWD.DE tracks FTSE RAFI All-World 3000, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.39% for PSWD.DE and 0.25% for XDEM.DE.
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