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XDEM.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDEM.L vs. IWDA.L

Last updated Jun 4, 2026

XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - XDEM.L is a Momentum fund tracking the MSCI World Momentum Index, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, XDEM.L returned 17.01%/yr vs 14.05%/yr for IWDA.L. Their correlation of 0.82 suggests significant overlap in exposure. XDEM.L charges 0.25%/yr vs 0.20%/yr for IWDA.L.

Performance

XDEM.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XDEM.L achieves a 23.18% return, which is significantly higher than IWDA.L's 10.12% return. Over the past 10 years, XDEM.L has outperformed IWDA.L with an annualized return of 17.01%, while IWDA.L has yielded a comparatively lower 14.05% annualized return.

XDEM.L

1D
1.40%
1M
11.96%
YTD
23.18%
6M
24.68%
1Y
36.45%
3Y*
26.71%
5Y*
15.08%
10Y*
17.01%

IWDA.L

1D
-0.27%
1M
4.87%
YTD
10.12%
6M
10.50%
1Y
27.28%
3Y*
17.82%
5Y*
13.03%
10Y*
14.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEM.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDEM.L
Xtrackers MSCI World Momentum Factor UCITS ETF 1C		23.18%12.52%32.87%5.88%-8.06%15.61%24.14%23.37%2.28%20.40%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.12%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%-3.62%12.15%

Correlation

The correlation between XDEM.L and IWDA.L is 0.74, 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

0.74

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

0.80

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

0.77

Correlation (10Y)
Calculated over the trailing 10-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2014

0.82

The correlation between XDEM.L and IWDA.L has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

XDEM.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
XDEM.L
IWDA.L

Technology

34.6%
32.9%

Industrials

20.5%
9.7%

Financial Services

18.9%
14.9%

Communication Services

7.2%
9.3%

Healthcare

6.0%
8.6%

Basic Materials

4.9%
2.8%

Utilities

2.6%
2.4%

Energy

1.8%
3.9%

Consumer Defensive

1.2%
4.8%

Consumer Cyclical

1.2%
8.8%

Real Estate

1.0%
1.2%

Technology

XDEM.L
34.6%
IWDA.L
32.9%

Industrials

XDEM.L
20.5%
IWDA.L
9.7%

Financial Services

XDEM.L
18.9%
IWDA.L
14.9%

Communication Services

XDEM.L
7.2%
IWDA.L
9.3%

Healthcare

XDEM.L
6.0%
IWDA.L
8.6%

Basic Materials

XDEM.L
4.9%
IWDA.L
2.8%

Utilities

XDEM.L
2.6%
IWDA.L
2.4%

Energy

XDEM.L
1.8%
IWDA.L
3.9%

Consumer Defensive

XDEM.L
1.2%
IWDA.L
4.8%

Consumer Cyclical

XDEM.L
1.2%
IWDA.L
8.8%

Real Estate

XDEM.L
1.0%
IWDA.L
1.2%

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Xtrackers MSCI World Momentum Factor UCITS ETF 1C

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with XDEM.L:
XDEM.L vs. XDEV.LXDEM.L vs. XDEM.DEXDEM.L vs. VHVG.LXDEM.L vs. MVOL.LXDEM.L vs. XDEB.LXDEM.L vs. EXCS.LXDEM.L vs. IUMF.L
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

XDEM.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDEM.L
XDEM.L Risk / Return Rank: 7373
Overall Rank
XDEM.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XDEM.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
XDEM.L Omega Ratio Rank: 6767
Omega Ratio Rank
XDEM.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
XDEM.L Martin Ratio Rank: 7979
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6767
Overall Rank
IWDA.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6565
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7070
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.

XDEM.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

XDEM.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.25
2.34

-0.09

Sortino ratioReturn per unit of downside risk
3.31
3.25

+0.06

Omega ratioGain probability vs. loss probability

1.41

1.44

-0.03

Calmar ratioReturn relative to maximum drawdown

4.03

4.26

-0.24

Martin ratioReturn relative to average drawdown

15.69

16.05

-0.36

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

XDEM.L vs. IWDA.L - Sharpe Ratio Comparison

The current XDEM.L Sharpe Ratio is 2.25, which is comparable to the IWDA.L Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of XDEM.L and IWDA.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

XDEM.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.25

2.34

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.92

0.90

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.01

0.90

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.97

0.86

+0.11

Drawdowns

XDEM.L vs. IWDA.L - Drawdown Comparison

The maximum XDEM.L drawdown since its inception was -22.42%, smaller than the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for XDEM.L and IWDA.L.

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Drawdown Indicators

XDEM.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.42%

-26.18%

+3.76%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-6.37%

-2.64%

Max Drawdown (3Y)

Largest decline over 3 years

-19.99%

-18.91%

-1.08%

Max Drawdown (5Y)

Largest decline over 5 years

-20.13%

-18.91%

-1.22%

Max Drawdown (10Y)

Largest decline over 10 years

-22.42%

-26.18%

+3.76%

Current Drawdown

Current decline from peak

0.00%

-0.27%

+0.27%

Average Drawdown

Average peak-to-trough decline

-4.99%

-3.39%

-1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.32%

1.70%

+0.62%

Volatility

XDEM.L vs. IWDA.L - Volatility Comparison

Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a higher volatility of 5.92% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.47%. This indicates that XDEM.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDEM.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.92%

3.47%

+2.45%

Volatility (6M)

Calculated over the trailing 6-month period

13.77%

8.85%

+4.92%

Volatility (1Y)

Calculated over the trailing 1-year period

16.16%

11.65%

+4.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.41%

14.49%

+1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.80%

15.51%

+1.29%

XDEM.L vs. IWDA.L - Expense Ratio Comparison

XDEM.L has a 0.25% expense ratio, which is higher than IWDA.L's 0.20% 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.L vs. IWDA.L - Dividend Comparison

Neither XDEM.L nor IWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

XDEM.L and IWDA.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEM.L.

XDEM.L is categorized as Momentum, while IWDA.L is Global Equities. XDEM.L tracks MSCI World Momentum Index, while IWDA.L tracks MSCI World Index (Net). They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XDEM.L and 0.20% for IWDA.L.

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