XDEM.L vs. XXSC.L

Last updated Jun 4, 2026

XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) are both exchange-traded funds - XDEM.L is a Momentum fund tracking the MSCI World Momentum Index, while XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR. Both are passively managed. Over the past 10 years, XDEM.L returned 17.01%/yr vs 8.46%/yr for XXSC.L. A 0.60 correlation means they provide meaningful diversification when combined. XDEM.L charges 0.25%/yr vs 0.30%/yr for XXSC.L.

Performance

XDEM.L vs. XXSC.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 Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDEM.L achieves a 23.18% return, which is significantly higher than XXSC.L's 5.99% return. Over the past 10 years, XDEM.L has outperformed XXSC.L with an annualized return of 17.01%, while XXSC.L has yielded a comparatively lower 8.46% 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%

XXSC.L

• 1D: -0.76%
• 1M: 1.85%
• YTD: 5.99%
• 6M: 9.36%
• 1Y: 15.58%
• 3Y*: 11.55%
• 5Y*: 4.14%
• 10Y*: 8.46%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	5.99%	22.28%	0.76%	10.44%	-17.50%	15.39%	10.55%	24.87%	-14.91%	23.58%

Correlation

The correlation between XDEM.L and XXSC.L is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 20, 2014	0.60

The correlation between XDEM.L and XXSC.L has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

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

Sectors	XDEM.L	XXSC.L
Technology	34.6%	7.4%
Industrials	20.5%	26.6%
Financial Services	18.9%	15.3%
Communication Services	7.2%	5.0%
Healthcare	6.0%	7.3%
Basic Materials	4.9%	7.5%
Utilities	2.6%	2.5%
Energy	1.8%	5.1%
Consumer Defensive	1.2%	3.5%
Consumer Cyclical	1.2%	11.4%
Real Estate	1.0%	8.3%

Return for Risk

XDEM.L vs. XXSC.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: 73
XDEM.L Sharpe Ratio Rank: 67
XDEM.L Sortino Ratio Rank: 72
XDEM.L Omega Ratio Rank: 67
XDEM.L Calmar Ratio Rank: 78
XDEM.L Martin Ratio Rank: 79

XXSC.L

XXSC.L Risk / Return Rank: 33
XXSC.L Sharpe Ratio Rank: 34
XXSC.L Sortino Ratio Rank: 33
XXSC.L Omega Ratio Rank: 35
XXSC.L Calmar Ratio Rank: 30
XXSC.L Martin Ratio Rank: 34

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. XXSC.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 Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.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.L	XXSC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.24	+1.00
Sortino ratio: Return per unit of downside risk	3.31	1.79	+1.52
Omega ratio: Gain probability vs. loss probability	1.41	1.23	+0.18
Calmar ratio: Return relative to maximum drawdown	4.03	1.44	+2.59
Martin ratio: Return relative to average drawdown	15.69	5.16	+10.54
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. XXSC.L - Sharpe Ratio Comparison

The current XDEM.L Sharpe Ratio is 2.25, which is higher than the XXSC.L Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of XDEM.L and XXSC.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

	XDEM.L	XXSC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.24	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.26	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	0.55	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.76	+0.21

Drawdowns

XDEM.L vs. XXSC.L - Drawdown Comparison

The maximum XDEM.L drawdown since its inception was -22.42%, smaller than the maximum XXSC.L drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for XDEM.L and XXSC.L.

Drawdown Indicators

	XDEM.L	XXSC.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.42%	-35.12%	+12.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-10.79%	+1.78%
Max Drawdown (3Y) Largest decline over 3 years	-19.99%	-12.84%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-20.13%	-30.74%	+10.61%
Max Drawdown (10Y) Largest decline over 10 years	-22.42%	-35.12%	+12.70%
Current Drawdown Current decline from peak	0.00%	-1.86%	+1.86%
Average Drawdown Average peak-to-trough decline	-4.99%	-7.53%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	3.01%	-0.69%

Volatility

XDEM.L vs. XXSC.L - Volatility Comparison

Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) has a higher volatility of 5.92% compared to Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) at 3.93%. This indicates that XDEM.L's price experiences larger fluctuations and is considered to be riskier than XXSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDEM.L	XXSC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	3.93%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	13.77%	10.48%	+3.29%
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	12.49%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.41%	16.01%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	16.27%	+0.53%

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

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

Dividends

XDEM.L vs. XXSC.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDEM.L Xtrackers MSCI World Momentum Factor UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.95%

Frequently Asked Questions

Can I hold both XDEM.L and XXSC.L in my portfolio?

XDEM.L and XXSC.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDEM.L or XXSC.L?

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.

Which ETF is cheaper, XDEM.L or XXSC.L?

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

What is the main difference between XDEM.L and XXSC.L?

XDEM.L is categorized as Momentum, while XXSC.L is Europe Equities. XDEM.L tracks MSCI World Momentum Index, while XXSC.L tracks MSCI Europe Small Cap NR EUR. Their fees differ too: 0.25% for XDEM.L and 0.30% for XXSC.L.