UETW.DE vs. XDEM.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - UETW.DE is a Global Equities fund tracking the MSCI World, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, UETW.DE returned 12.27%/yr vs 15.28%/yr for XDEM.DE. Their correlation of 0.85 suggests significant overlap in exposure. UETW.DE charges 0.10%/yr vs 0.25%/yr for XDEM.DE.
Performance
UETW.DE vs. XDEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETW.DE achieves a 11.10% return, which is significantly lower than XDEM.DE's 29.03% return.
UETW.DE
- 1D
- -0.57%
- 1M
- 0.81%
- YTD
- 11.10%
- 6M
- 11.19%
- 1Y
- 24.89%
- 3Y*
- 18.08%
- 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%
UETW.DE vs. XDEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.10% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 29.03% | 8.09% | 38.22% | 8.18% | -13.65% | 24.74% | 16.54% | 11.51% |
Correlation
The correlation between UETW.DE and XDEM.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.85 |
The correlation between UETW.DE and XDEM.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
UETW.DE vs. XDEM.DE — Risk / Return Rank
UETW.DE
XDEM.DE
UETW.DE vs. XDEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.
| UETW.DE | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 4.45 | -0.74 |
| Martin ratioReturn relative to average drawdown | 14.55 | 16.95 | -2.39 |
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Drawdowns
UETW.DE vs. XDEM.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.74%, 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 UETW.DE and XDEM.DE.
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Drawdown Indicators
| UETW.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -30.94% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -9.01% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.32% | -23.51% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -23.51% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.94% | — |
Current DrawdownCurrent decline from peak | -0.69% | -1.24% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -7.38% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.37% | -0.66% |
Volatility
UETW.DE vs. XDEM.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) is 2.95%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 6.97%. This indicates that UETW.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
| UETW.DE | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 6.97% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 15.01% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 17.90% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 17.51% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 18.14% | -1.54% |
UETW.DE vs. XDEM.DE - Expense Ratio Comparison
UETW.DE has a 0.10% expense ratio, which is lower than XDEM.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
UETW.DE vs. XDEM.DE - Dividend Comparison
Neither UETW.DE nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
UETW.DE and XDEM.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XDEM.DE.
UETW.DE is categorized as Global Equities, while XDEM.DE is Momentum. UETW.DE tracks MSCI World, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: UBS and DWS. Their fees differ too: 0.10% for UETW.DE and 0.25% for XDEM.DE.
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