XCNA.L vs. XDEV.L

Last updated Jun 4, 2026

XCNA.L (Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both exchange-traded funds - XCNA.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while XDEV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, XCNA.L returned 14.96%/yr vs 30.65%/yr for XDEV.L. At a 0.37 correlation, their price movements are largely independent. XCNA.L charges 0.29%/yr vs 0.25%/yr for XDEV.L.

Performance

XCNA.L vs. XDEV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCNA.L is traded in USD, while XDEV.L is traded in GBp. To make them comparable, the XDEV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCNA.L achieves a 11.94% return, which is significantly lower than XDEV.L's 35.40% return.

XCNA.L

• 1D: -0.09%
• 1M: 1.98%
• YTD: 11.94%
• 6M: 16.87%
• 1Y: 44.67%
• 3Y*: 14.96%
• 5Y*: —
• 10Y*: —

XDEV.L

• 1D: 0.20%
• 1M: 15.85%
• YTD: 35.40%
• 6M: 40.08%
• 1Y: 68.15%
• 3Y*: 30.65%
• 5Y*: 16.50%
• 10Y*: 12.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XCNA.L vs. XDEV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XCNA.L Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C	11.94%	32.54%	14.47%	-12.47%	11.73%
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C	35.40%	40.36%	5.01%	19.23%	3.33%

Correlation

The correlation between XCNA.L and XDEV.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.37

Return for Risk

XCNA.L vs. XDEV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XCNA.L

XCNA.L Risk / Return Rank: 86
XCNA.L Sharpe Ratio Rank: 83
XCNA.L Sortino Ratio Rank: 82
XCNA.L Omega Ratio Rank: 80
XCNA.L Calmar Ratio Rank: 94
XCNA.L Martin Ratio Rank: 90

XDEV.L

XDEV.L Risk / Return Rank: 97
XDEV.L Sharpe Ratio Rank: 98
XDEV.L Sortino Ratio Rank: 98
XDEV.L Omega Ratio Rank: 98
XDEV.L Calmar Ratio Rank: 96
XDEV.L Martin Ratio Rank: 96

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.

XCNA.L vs. XDEV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.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.

	XCNA.L	XDEV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.69	4.61	-1.91
Sortino ratio: Return per unit of downside risk	3.65	6.26	-2.61
Omega ratio: Gain probability vs. loss probability	1.47	1.84	-0.36
Calmar ratio: Return relative to maximum drawdown	7.00	7.77	-0.77
Martin ratio: Return relative to average drawdown	20.72	30.36	-9.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCNA.L vs. XDEV.L - Sharpe Ratio Comparison

The current XCNA.L Sharpe Ratio is 2.69, which is lower than the XDEV.L Sharpe Ratio of 4.61. The chart below compares the historical Sharpe Ratios of XCNA.L and XDEV.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.

Sharpe Ratios by Period

	XCNA.L	XDEV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	4.61	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.69	-0.13

Drawdowns

XCNA.L vs. XDEV.L - Drawdown Comparison

The maximum XCNA.L drawdown since its inception was -32.05%, smaller than the maximum XDEV.L drawdown of -38.95%. Use the drawdown chart below to compare losses from any high point for XCNA.L and XDEV.L.

Drawdown Indicators

	XCNA.L	XDEV.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.05%	-38.95%	+6.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-8.73%	+2.38%
Max Drawdown (3Y) Largest decline over 3 years	-27.66%	-14.69%	-12.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.95%	—
Current Drawdown Current decline from peak	-2.25%	0.00%	-2.25%
Average Drawdown Average peak-to-trough decline	-14.28%	-7.12%	-7.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.24%	-0.09%

Volatility

XCNA.L vs. XDEV.L - Volatility Comparison

Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) have volatilities of 6.04% and 5.96%, 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.

Volatility by Period

	XCNA.L	XDEV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	5.96%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.33%	11.83%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	14.72%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	15.72%	+8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	16.72%	+7.74%

XCNA.L vs. XDEV.L - Expense Ratio Comparison

XCNA.L has a 0.29% expense ratio, which is higher than XDEV.L's 0.25% expense ratio.

Dividends

XCNA.L vs. XDEV.L - Dividend Comparison

Neither XCNA.L nor XDEV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XCNA.L and XDEV.L in my portfolio?

XCNA.L and XDEV.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCNA.L or XDEV.L?

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.

Which ETF is cheaper, XCNA.L or XDEV.L?

XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.29% for XCNA.L.

What is the main difference between XCNA.L and XDEV.L?

XCNA.L is categorized as China Equities, while XDEV.L is Global Equities. XCNA.L tracks MSCI China A Onshore NR CNY, while XDEV.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.29% for XCNA.L and 0.25% for XDEV.L.