XB4A.DE vs. EXUS.DE
XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - XB4A.DE is a Europe Equities fund tracking the ATX Index, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, XB4A.DE returned 51.75% vs 25.65% for EXUS.DE. A 0.66 correlation means they provide meaningful diversification when combined. XB4A.DE charges 0.25%/yr vs 0.15%/yr for EXUS.DE.
Performance
XB4A.DE vs. EXUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XB4A.DE achieves a 26.47% return, which is significantly higher than EXUS.DE's 13.41% return.
XB4A.DE
- 1D
- 1.02%
- 1M
- 8.17%
- 6M
- 25.41%
- YTD
- 26.47%
- 1Y
- 51.75%
- 3Y*
- 31.70%
- 5Y*
- 17.96%
- 10Y*
- 15.98%
EXUS.DE
- 1D
- 0.66%
- 1M
- 3.63%
- 6M
- 13.12%
- YTD
- 13.41%
- 1Y
- 25.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XB4A.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 26.47% | 51.29% | 11.99% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 13.41% | 17.80% | 4.15% |
Correlation
The correlation between XB4A.DE and EXUS.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 (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.66 |
The correlation between XB4A.DE and EXUS.DE has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
XB4A.DE vs. EXUS.DE — Risk / Return Rank
XB4A.DE
EXUS.DE
XB4A.DE vs. EXUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.
| XB4A.DE | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.38 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 2.94 | +1.79 |
| Martin ratioReturn relative to average drawdown | 16.12 | 11.77 | +4.35 |
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Drawdowns
XB4A.DE vs. EXUS.DE - Drawdown Comparison
The maximum XB4A.DE drawdown since its inception was -53.54%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for XB4A.DE and EXUS.DE.
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Drawdown Indicators
| XB4A.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -16.21% | -37.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -8.67% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.54% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -1.75% | -8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.17% | +1.03% |
Volatility
XB4A.DE vs. EXUS.DE - Volatility Comparison
Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a higher volatility of 6.08% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.18%. This indicates that XB4A.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XB4A.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 3.18% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 10.31% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 12.59% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 13.36% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 13.36% | +6.85% |
XB4A.DE vs. EXUS.DE - Expense Ratio Comparison
XB4A.DE has a 0.25% expense ratio, which is higher than EXUS.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XB4A.DE vs. EXUS.DE - Dividend Comparison
Neither XB4A.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
XB4A.DE and EXUS.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, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XB4A.DE.
XB4A.DE is categorized as Europe Equities, while EXUS.DE is Global Equities. XB4A.DE tracks ATX Index, while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.25% for XB4A.DE and 0.15% for EXUS.DE.
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