XCMC.DE vs. XDWD.DE
XCMC.DE (Xtrackers Bloomberg Commodity Swap UCITS ETF 1C) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - XCMC.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, XCMC.DE returned 11.29%/yr vs 17.56%/yr for XDWD.DE. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.
Performance
XCMC.DE vs. XDWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCMC.DE achieves a 28.51% return, which is significantly higher than XDWD.DE's 10.91% return.
XCMC.DE
- 1D
- -1.20%
- 1M
- -1.31%
- YTD
- 28.51%
- 6M
- 19.96%
- 1Y
- 29.14%
- 3Y*
- 11.29%
- 5Y*
- —
- 10Y*
- —
XDWD.DE
- 1D
- -0.01%
- 1M
- 4.72%
- YTD
- 10.91%
- 6M
- 11.37%
- 1Y
- 23.85%
- 3Y*
- 17.56%
- 5Y*
- 12.89%
- 10Y*
- 12.83%
XCMC.DE vs. XDWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCMC.DE Xtrackers Bloomberg Commodity Swap UCITS ETF 1C | 28.51% | -2.66% | 11.92% | -9.34% | 24.84% | -11.32% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 10.91% | 7.85% | 25.98% | 20.18% | -13.67% | 3.13% |
Correlation
The correlation between XCMC.DE and XDWD.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.16 |
The correlation between XCMC.DE and XDWD.DE shifts across timeframes, from -0.03 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XCMC.DE vs. XDWD.DE — Risk / Return Rank
XCMC.DE
XDWD.DE
XCMC.DE vs. XDWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) and Xtrackers MSCI World UCITS ETF 1C (XDWD.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.
| XCMC.DE | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 3.63 | +0.09 |
| Martin ratioReturn relative to average drawdown | 8.44 | 14.44 | -6.01 |
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
| XCMC.DE | XDWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.14 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.78 | -0.34 |
Drawdowns
XCMC.DE vs. XDWD.DE - Drawdown Comparison
The maximum XCMC.DE drawdown since its inception was -22.91%, smaller than the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XCMC.DE and XDWD.DE.
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Drawdown Indicators
| XCMC.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -33.55% | +10.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -6.54% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -21.64% | +6.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -3.42% | -0.33% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -12.68% | -4.55% | -8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 1.65% | +1.80% |
Volatility
XCMC.DE vs. XDWD.DE - Volatility Comparison
Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) has a higher volatility of 4.94% compared to Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) at 2.60%. This indicates that XCMC.DE's price experiences larger fluctuations and is considered to be riskier than XDWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCMC.DE | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.60% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 7.77% | +7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.48% | 11.12% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 14.13% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 15.16% | +2.17% |
XCMC.DE vs. XDWD.DE - Expense Ratio Comparison
Both XCMC.DE and XDWD.DE have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XCMC.DE vs. XDWD.DE - Dividend Comparison
Neither XCMC.DE nor XDWD.DE has paid dividends to shareholders.
Frequently Asked Questions
XCMC.DE and XDWD.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XCMC.DE and XDWD.DE have the same expense ratio: 0.19% per year.
XCMC.DE is categorized as Commodities, while XDWD.DE is Global Equities. XCMC.DE tracks Bloomberg Commodity 3 Month Forward, while XDWD.DE tracks MSCI World.
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