SCWX.DE vs. XDEQ.DE
SCWX.DE (Scalable MSCI AC World Xtrackers UCITS ETF 1C) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both Global Equities funds from Xtrackers - SCWX.DE tracks the MSCI All Country World Index while XDEQ.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, SCWX.DE returned 26.61% vs 19.01% for XDEQ.DE. Their correlation of 0.91 suggests significant overlap in exposure. SCWX.DE charges 0.17%/yr vs 0.25%/yr for XDEQ.DE.
Performance
SCWX.DE vs. XDEQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SCWX.DE achieves a 12.40% return, which is significantly higher than XDEQ.DE's 9.48% return.
SCWX.DE
- 1D
- -0.54%
- 1M
- 3.68%
- YTD
- 12.40%
- 6M
- 12.94%
- 1Y
- 26.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDEQ.DE
- 1D
- 0.79%
- 1M
- 3.10%
- YTD
- 9.48%
- 6M
- 9.63%
- 1Y
- 19.01%
- 3Y*
- 15.18%
- 5Y*
- 11.42%
- 10Y*
- 12.38%
SCWX.DE vs. XDEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SCWX.DE Scalable MSCI AC World Xtrackers UCITS ETF 1C | 12.40% | 9.28% | -0.55% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.48% | 2.87% | -0.62% |
Correlation
The correlation between SCWX.DE and XDEQ.DE is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024 | 0.91 |
The correlation between SCWX.DE and XDEQ.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
SCWX.DE vs. XDEQ.DE — Risk / Return Rank
SCWX.DE
XDEQ.DE
SCWX.DE vs. XDEQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scalable MSCI AC World Xtrackers UCITS ETF 1C (SCWX.DE) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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.
| SCWX.DE | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 3.04 | +1.12 |
| Martin ratioReturn relative to average drawdown | 16.58 | 12.17 | +4.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCWX.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 1.78 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.80 | +0.16 |
Drawdowns
SCWX.DE vs. XDEQ.DE - Drawdown Comparison
The maximum SCWX.DE drawdown since its inception was -21.73%, smaller than the maximum XDEQ.DE drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for SCWX.DE and XDEQ.DE.
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Drawdown Indicators
| SCWX.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -32.16% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -6.22% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.16% | — |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.75% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.56% | +0.06% |
Volatility
SCWX.DE vs. XDEQ.DE - Volatility Comparison
Scalable MSCI AC World Xtrackers UCITS ETF 1C (SCWX.DE) has a higher volatility of 2.90% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) at 2.36%. This indicates that SCWX.DE's price experiences larger fluctuations and is considered to be riskier than XDEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCWX.DE | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.36% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 7.32% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 10.64% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 14.12% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 15.35% | +0.16% |
SCWX.DE vs. XDEQ.DE - Expense Ratio Comparison
SCWX.DE has a 0.17% expense ratio, which is lower than XDEQ.DE'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
SCWX.DE vs. XDEQ.DE - Dividend Comparison
Neither SCWX.DE nor XDEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
SCWX.DE and XDEQ.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCWX.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCWX.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for XDEQ.DE.
SCWX.DE tracks MSCI All Country World Index, while XDEQ.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.17% for SCWX.DE and 0.25% for XDEQ.DE.
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