SPAG.L vs. XDEV.L
SPAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - SPAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, SPAG.L returned 7.09%/yr vs 11.93%/yr for XDEV.L. A 0.72 correlation means they provide meaningful diversification when combined. SPAG.L charges 0.55%/yr vs 0.25%/yr for XDEV.L.
Performance
SPAG.L vs. XDEV.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPAG.L achieves a 11.48% return, which is significantly lower than XDEV.L's 29.58% return. Over the past 10 years, SPAG.L has underperformed XDEV.L with an annualized return of 7.09%, while XDEV.L has yielded a comparatively higher 11.93% annualized return.
SPAG.L
- 1D
- 0.56%
- 1M
- 0.75%
- 6M
- 5.38%
- YTD
- 11.48%
- 1Y
- 13.71%
- 3Y*
- 4.36%
- 5Y*
- 5.00%
- 10Y*
- 7.09%
XDEV.L
- 1D
- -2.22%
- 1M
- -4.46%
- 6M
- 25.56%
- YTD
- 29.58%
- 1Y
- 56.03%
- 3Y*
- 25.49%
- 5Y*
- 17.13%
- 10Y*
- 11.93%
SPAG.L vs. XDEV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.48% | 8.75% | -4.21% | -13.78% | 15.09% | 24.65% | 6.64% | 13.92% | -7.95% | 9.25% |
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C | 29.58% | 30.51% | 6.79% | 13.25% | 1.01% | 21.67% | -6.88% | 14.56% | -9.23% | 11.91% |
Correlation
The correlation between SPAG.L and XDEV.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.72 |
Over the past year, the correlation between SPAG.L and XDEV.L has dropped to 0.29 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
SPAG.L vs. XDEV.L — Risk / Return Rank
SPAG.L
XDEV.L
SPAG.L vs. XDEV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.
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.
| SPAG.L | XDEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.68 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 8.06 | -6.46 |
| Martin ratioReturn relative to average drawdown | 4.12 | 26.50 | -22.39 |
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Drawdowns
SPAG.L vs. XDEV.L - Drawdown Comparison
The maximum SPAG.L drawdown since its inception was -43.95%, roughly equal to the maximum XDEV.L drawdown of -45.89%. Use the drawdown chart below to compare losses from any high point for SPAG.L and XDEV.L.
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Drawdown Indicators
| SPAG.L | XDEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -45.89% | +1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -6.92% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -19.90% | -7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.95% | -19.90% | -12.05% |
Max Drawdown (10Y)Largest decline over 10 years | -31.95% | -35.20% | +3.25% |
Current DrawdownCurrent decline from peak | -10.54% | -5.91% | -4.63% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -15.27% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.11% | +1.61% |
Volatility
SPAG.L vs. XDEV.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) is 3.21%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 6.07%. This indicates that SPAG.L experiences smaller price fluctuations and is considered to be less risky than XDEV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPAG.L | XDEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 6.07% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 13.08% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 15.01% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 19.12% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 21.02% | -2.06% |
SPAG.L vs. XDEV.L - Expense Ratio Comparison
SPAG.L has a 0.55% expense ratio, which is higher than XDEV.L's 0.25% expense ratio.
Dividends
SPAG.L vs. XDEV.L - Dividend Comparison
Neither SPAG.L nor XDEV.L has paid dividends to shareholders.
Frequently Asked Questions
SPAG.L and XDEV.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.55% for SPAG.L.
SPAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.55% for SPAG.L and 0.25% for XDEV.L.
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