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XASX.L vs. XNAQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XASX.L vs. XNAQ.L

Last updated Jun 5, 2026

XASX.L (Xtrackers MSCI UK ESG UCITS ETF 1D) and XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - XASX.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while XNAQ.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 5 years, XASX.L returned 4.82%/yr vs 18.96%/yr for XNAQ.L. At a 0.39 correlation, their price movements are largely independent. XASX.L charges 0.18%/yr vs 0.20%/yr for XNAQ.L.

Performance

XASX.L vs. XNAQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.L) and Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XASX.L is traded in GBp, while XNAQ.L is traded in GBP. To make them comparable, the XNAQ.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XASX.L achieves a 1.94% return, which is significantly lower than XNAQ.L's 19.89% return.

XASX.L

1D
0.45%
1M
1.58%
YTD
1.94%
6M
5.31%
1Y
10.51%
3Y*
7.93%
5Y*
4.82%
10Y*
3.34%

XNAQ.L

1D
-0.63%
1M
9.63%
YTD
19.89%
6M
18.46%
1Y
41.84%
3Y*
24.81%
5Y*
18.96%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XASX.L vs. XNAQ.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XASX.L
Xtrackers MSCI UK ESG UCITS ETF 1D		1.94%17.10%6.61%4.99%-9.18%10.23%
XNAQ.L
Xtrackers Nasdaq 100 UCITS ETF 1C		19.89%11.71%28.62%47.83%-25.44%26.22%

Correlation

The correlation between XASX.L and XNAQ.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.32

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Jan 29, 2021

0.39

XASX.L vs. XNAQ.L - Sectors Allocation Comparison

Sectors
XASX.L
XNAQ.L

Financial Services

32.1%
0.2%

Industrials

17.8%
3.1%

Healthcare

11.9%
4.2%

Basic Materials

10.9%
1.1%

Consumer Defensive

10.8%
7.7%

Consumer Cyclical

6.7%
12.2%

Communication Services

4.7%
15.8%

Utilities

2.0%
1.4%

Real Estate

2.0%
0.1%

Technology

0.8%
53.7%

Energy

0.1%
0.6%

Financial Services

XASX.L
32.1%
XNAQ.L
0.2%

Industrials

XASX.L
17.8%
XNAQ.L
3.1%

Healthcare

XASX.L
11.9%
XNAQ.L
4.2%

Basic Materials

XASX.L
10.9%
XNAQ.L
1.1%

Consumer Defensive

XASX.L
10.8%
XNAQ.L
7.7%

Consumer Cyclical

XASX.L
6.7%
XNAQ.L
12.2%

Communication Services

XASX.L
4.7%
XNAQ.L
15.8%

Utilities

XASX.L
2.0%
XNAQ.L
1.4%

Real Estate

XASX.L
2.0%
XNAQ.L
0.1%

Technology

XASX.L
0.8%
XNAQ.L
53.7%

Energy

XASX.L
0.1%
XNAQ.L
0.6%

Compare stocks, funds, or ETFs

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Xtrackers MSCI UK ESG UCITS ETF 1D

Xtrackers Nasdaq 100 UCITS ETF 1C

Often compared with XASX.L:
XASX.L vs. LGUK.LXASX.L vs. LCUK.LXASX.L vs. MSED.LXASX.L vs. VUKG.LXASX.L vs. EEIP.LXASX.L vs. IMV.LXASX.L vs. LCPE.L
Often compared with XNAQ.L:
XNAQ.L vs. EQQQ.LXNAQ.L vs. CNX1.LXNAQ.L vs. CNDX.LXNAQ.L vs. XDWT.DEXNAQ.L vs. QQQXNAQ.L vs. EQGB.LXNAQ.L vs. XLKQ.L

Return for Risk

XASX.L vs. XNAQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XASX.L
XASX.L Risk / Return Rank: 2323
Overall Rank
XASX.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
XASX.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
XASX.L Omega Ratio Rank: 2424
Omega Ratio Rank
XASX.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
XASX.L Martin Ratio Rank: 2222
Martin Ratio Rank
XNAQ.L
XNAQ.L Risk / Return Rank: 7878
Overall Rank
XNAQ.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XNAQ.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
XNAQ.L Omega Ratio Rank: 8383
Omega Ratio Rank
XNAQ.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
XNAQ.L Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XASX.L vs. XNAQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.L) and Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.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.

XASX.LXNAQ.LDifference
Sharpe ratioReturn per unit of total volatility
0.83
2.83

-1.99

Sortino ratioReturn per unit of downside risk
1.23
3.70

-2.48

Omega ratioGain probability vs. loss probability

1.16

1.50

-0.34

Calmar ratioReturn relative to maximum drawdown

0.83

3.79

-2.95

Martin ratioReturn relative to average drawdown

2.57

11.13

-8.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XASX.L vs. XNAQ.L - Sharpe Ratio Comparison

The current XASX.L Sharpe Ratio is 0.83, which is lower than the XNAQ.L Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of XASX.L and XNAQ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XASX.LXNAQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

2.83

-1.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

1.00

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

0.93

-0.82

Drawdowns

XASX.L vs. XNAQ.L - Drawdown Comparison

The maximum XASX.L drawdown since its inception was -47.36%, which is greater than XNAQ.L's maximum drawdown of -27.52%. Use the drawdown chart below to compare losses from any high point for XASX.L and XNAQ.L.

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Drawdown Indicators

XASX.LXNAQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-47.36%

-27.52%

-19.84%

Max Drawdown (1Y)

Largest decline over 1 year

-12.54%

-10.99%

-1.55%

Max Drawdown (3Y)

Largest decline over 3 years

-12.67%

-24.56%

+11.89%

Max Drawdown (5Y)

Largest decline over 5 years

-18.21%

-27.52%

+9.31%

Max Drawdown (10Y)

Largest decline over 10 years

-35.97%

—

—

Current Drawdown

Current decline from peak

-6.87%

-0.63%

-6.24%

Average Drawdown

Average peak-to-trough decline

-10.90%

-7.01%

-3.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.09%

3.75%

+0.34%

Volatility

XASX.L vs. XNAQ.L - Volatility Comparison

Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.L) and Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) have volatilities of 4.23% and 4.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XASX.LXNAQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

4.18%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

10.38%

+0.61%

Volatility (1Y)

Calculated over the trailing 1-year period

12.54%

14.73%

-2.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.44%

19.04%

-5.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.36%

19.13%

-3.77%

XASX.L vs. XNAQ.L - Expense Ratio Comparison

XASX.L has a 0.18% expense ratio, which is lower than XNAQ.L's 0.20% 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

XASX.L vs. XNAQ.L - Dividend Comparison

XASX.L's dividend yield for the trailing twelve months is around 0.03%, while XNAQ.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
XASX.L
Xtrackers MSCI UK ESG UCITS ETF 1D		0.03%0.03%0.04%0.03%0.06%0.03%0.06%0.04%0.04%0.04%0.04%0.00%
XNAQ.L
Xtrackers Nasdaq 100 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

XASX.L and XNAQ.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XASX.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XASX.L is cheaper with a 0.18% expense ratio, compared with 0.20% for XNAQ.L.

XASX.L is categorized as Europe Equities, while XNAQ.L is Nasdaq-100. XASX.L tracks FTSE AllSh TR GBP, while XNAQ.L tracks Russell 1000 Growth TR USD. Their fees differ too: 0.18% for XASX.L and 0.20% for XNAQ.L.

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