XDEM.DE vs. VWCE.DE
XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, XDEM.DE returned 14.74%/yr vs 12.28%/yr for VWCE.DE. Their correlation of 0.86 suggests significant overlap in exposure. XDEM.DE charges 0.25%/yr vs 0.19%/yr for VWCE.DE.
Performance
XDEM.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEM.DE achieves a 22.76% return, which is significantly higher than VWCE.DE's 12.64% return.
XDEM.DE
- 1D
- -0.95%
- 1M
- 8.67%
- YTD
- 22.76%
- 6M
- 23.73%
- 1Y
- 31.52%
- 3Y*
- 26.15%
- 5Y*
- 14.74%
- 10Y*
- 15.65%
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
XDEM.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.76% | 8.09% | 38.24% | 8.17% | -13.85% | 25.04% | 16.52% | 4.36% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between XDEM.DE and VWCE.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.86 |
The correlation between XDEM.DE and VWCE.DE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
XDEM.DE vs. VWCE.DE — Risk / Return Rank
XDEM.DE
VWCE.DE
XDEM.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.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.
| XDEM.DE | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 4.01 | -0.55 |
| Martin ratioReturn relative to average drawdown | 13.27 | 16.55 | -3.28 |
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
| XDEM.DE | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.31 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.88 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.79 | +0.11 |
Drawdowns
XDEM.DE vs. VWCE.DE - Drawdown Comparison
The maximum XDEM.DE drawdown since its inception was -30.93%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for XDEM.DE and VWCE.DE.
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Drawdown Indicators
| XDEM.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -33.43% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -6.55% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -23.51% | -21.07% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | -21.07% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -0.66% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.69% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.59% | +0.77% |
Volatility
XDEM.DE vs. VWCE.DE - Volatility Comparison
Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a higher volatility of 5.80% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that XDEM.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEM.DE | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 3.06% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 8.18% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 11.37% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 13.75% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 16.16% | +1.69% |
XDEM.DE vs. VWCE.DE - Expense Ratio Comparison
XDEM.DE has a 0.25% expense ratio, which is higher than VWCE.DE's 0.19% 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
XDEM.DE vs. VWCE.DE - Dividend Comparison
Neither XDEM.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEM.DE and VWCE.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for XDEM.DE.
XDEM.DE is categorized as Momentum, while VWCE.DE is Global Equities. XDEM.DE tracks MSCI World Momentum Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: DWS and Vanguard. Their fees differ too: 0.25% for XDEM.DE and 0.19% for VWCE.DE.
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