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

XDEM.L vs. MVEW.L

Last updated Jun 9, 2026

XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both exchange-traded funds - XDEM.L is a Momentum fund tracking the MSCI World Momentum Index, while MVEW.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, XDEM.L returned 26.16%/yr vs 7.19%/yr for MVEW.L. A 0.53 correlation means they provide meaningful diversification when combined. XDEM.L charges 0.25%/yr vs 0.30%/yr for MVEW.L.

Performance

XDEM.L vs. MVEW.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 Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 MVEW.L is traded in GBP. To make them comparable, the MVEW.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 20.43% return, which is significantly higher than MVEW.L's 0.66% return.

XDEM.L

1D
0.58%
1M
5.51%
YTD
20.43%
6M
19.66%
1Y
32.95%
3Y*
26.16%
5Y*
14.45%
10Y*
16.65%

MVEW.L

1D
-0.16%
1M
3.06%
YTD
0.66%
6M
0.83%
1Y
3.24%
3Y*
7.19%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
XDEM.L
Xtrackers MSCI World Momentum Factor UCITS ETF 1C		20.43%12.52%32.87%5.88%-8.06%12.13%
MVEW.L
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)		0.66%3.61%12.60%3.91%-0.44%12.49%

Correlation

The correlation between XDEM.L and MVEW.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

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

0.40

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2021

0.53

Over the past year, the correlation between XDEM.L and MVEW.L has dropped to 0.15 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

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

Sectors
XDEM.L
MVEW.L

Technology

34.6%
22.6%

Industrials

20.5%
8.2%

Financial Services

18.9%
15.2%

Communication Services

7.2%
10.5%

Healthcare

6.0%
14.9%

Basic Materials

4.9%
1.5%

Utilities

2.6%
6.7%

Energy

1.8%
3.3%

Consumer Defensive

1.2%
10.2%

Consumer Cyclical

1.2%
5.4%

Real Estate

1.0%
1.4%

Technology

XDEM.L
34.6%
MVEW.L
22.6%

Industrials

XDEM.L
20.5%
MVEW.L
8.2%

Financial Services

XDEM.L
18.9%
MVEW.L
15.2%

Communication Services

XDEM.L
7.2%
MVEW.L
10.5%

Healthcare

XDEM.L
6.0%
MVEW.L
14.9%

Basic Materials

XDEM.L
4.9%
MVEW.L
1.5%

Utilities

XDEM.L
2.6%
MVEW.L
6.7%

Energy

XDEM.L
1.8%
MVEW.L
3.3%

Consumer Defensive

XDEM.L
1.2%
MVEW.L
10.2%

Consumer Cyclical

XDEM.L
1.2%
MVEW.L
5.4%

Real Estate

XDEM.L
1.0%
MVEW.L
1.4%

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Xtrackers MSCI World Momentum Factor UCITS ETF 1C

iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (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 MVEW.L:
MVEW.L vs. MINV.LMVEW.L vs. JEPIMVEW.L vs. FLXD.LMVEW.L vs. MVOL.LMVEW.L vs. TDGB.LMVEW.L vs. XDEQ.LMVEW.L vs. SPY

Return for Risk

XDEM.L vs. MVEW.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: 6868
Sharpe Ratio Rank
XDEM.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
XDEM.L Omega Ratio Rank: 6868
Omega Ratio Rank
XDEM.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
XDEM.L Martin Ratio Rank: 8080
Martin Ratio Rank
MVEW.L
MVEW.L Risk / Return Rank: 1616
Overall Rank
MVEW.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
MVEW.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
MVEW.L Omega Ratio Rank: 1515
Omega Ratio Rank
MVEW.L Calmar Ratio Rank: 1717
Calmar Ratio Rank
MVEW.L Martin Ratio Rank: 1616
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. MVEW.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 Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.LMVEW.LDifference
Sharpe ratioReturn per unit of total volatility
2.01
0.40

+1.61

Sortino ratioReturn per unit of downside risk
2.97
0.63

+2.34

Omega ratioGain probability vs. loss probability

1.36

1.07

+0.29

Calmar ratioReturn relative to maximum drawdown

3.64

0.56

+3.08

Martin ratioReturn relative to average drawdown

14.15

1.46

+12.69

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. MVEW.L - Sharpe Ratio Comparison

The current XDEM.L Sharpe Ratio is 2.01, which is higher than the MVEW.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of XDEM.L and MVEW.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.LMVEW.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

0.40

+1.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.66

-0.32

Drawdowns

XDEM.L vs. MVEW.L - Drawdown Comparison

The maximum XDEM.L drawdown since its inception was -44.39%, which is greater than MVEW.L's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for XDEM.L and MVEW.L.

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Drawdown Indicators

XDEM.LMVEW.LDifference

Max Drawdown

Largest peak-to-trough decline

-44.39%

-10.07%

-34.32%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-5.78%

-3.23%

Max Drawdown (3Y)

Largest decline over 3 years

-21.17%

-8.99%

-12.18%

Max Drawdown (5Y)

Largest decline over 5 years

-21.17%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-23.38%

—

—

Current Drawdown

Current decline from peak

-2.24%

-2.73%

+0.49%

Average Drawdown

Average peak-to-trough decline

-12.48%

-2.66%

-9.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.32%

2.22%

+0.10%

Volatility

XDEM.L vs. MVEW.L - Volatility Comparison

Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a higher volatility of 6.04% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) at 2.70%. This indicates that XDEM.L's price experiences larger fluctuations and is considered to be riskier than MVEW.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.LMVEW.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.04%

2.70%

+3.34%

Volatility (6M)

Calculated over the trailing 6-month period

13.94%

5.97%

+7.97%

Volatility (1Y)

Calculated over the trailing 1-year period

16.37%

8.11%

+8.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.50%

9.86%

+11.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.31%

9.86%

+12.45%

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

XDEM.L has a 0.25% expense ratio, which is lower than MVEW.L's 0.30% expense ratio.

Dividends

XDEM.L vs. MVEW.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

XDEM.L and MVEW.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDEM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDEM.L is cheaper with a 0.25% expense ratio, compared with 0.30% for MVEW.L.

XDEM.L is categorized as Momentum, while MVEW.L is Global Equities. XDEM.L tracks MSCI World Momentum Index, while MVEW.L tracks MSCI ACWI NR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XDEM.L and 0.30% for MVEW.L.

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