XDEQ.DE vs. GXLK.L
XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) are both exchange-traded funds - XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD, while GXLK.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 10 years, XDEQ.DE returned 12.19%/yr vs 19.09%/yr for GXLK.L. A 0.60 correlation means they provide meaningful diversification when combined. XDEQ.DE charges 0.25%/yr vs 0.15%/yr for GXLK.L.
Performance
XDEQ.DE vs. GXLK.L - Performance Comparison
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Different Trading Currencies
XDEQ.DE is traded in EUR, while GXLK.L is traded in GBP. To make them comparable, the GXLK.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEQ.DE achieves a 12.57% return, which is significantly lower than GXLK.L's 17.23% return. Over the past 10 years, XDEQ.DE has underperformed GXLK.L with an annualized return of 12.19%, while GXLK.L has yielded a comparatively higher 19.09% annualized return.
XDEQ.DE
- 1D
- 0.15%
- 1M
- 1.66%
- 6M
- 10.45%
- YTD
- 12.57%
- 1Y
- 22.01%
- 3Y*
- 15.57%
- 5Y*
- 10.70%
- 10Y*
- 12.19%
- ALL TIME*
- 9.57%
GXLK.L
- 1D
- 0.00%
- 1M
- -5.08%
- 6M
- 19.56%
- YTD
- 17.23%
- 1Y
- 29.98%
- 3Y*
- 22.84%
- 5Y*
- 10.95%
- 10Y*
- 19.09%
- ALL TIME*
- 16.62%
XDEQ.DE vs. GXLK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 12.57% | 2.87% | 23.81% | 21.83% | -14.80% | 34.39% | 4.48% | 34.18% | -3.32% | 8.20% |
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 17.23% | 9.84% | 30.75% | 51.46% | -43.80% | 42.94% | 35.59% | 59.14% | -3.02% | 28.62% |
Correlation
The correlation between XDEQ.DE and GXLK.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.60 |
The correlation between XDEQ.DE and GXLK.L shifts across timeframes, from 0.60 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDEQ.DE vs. GXLK.L — Risk / Return Rank
XDEQ.DE
GXLK.L
XDEQ.DE vs. GXLK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) and SPDR S&P US Technology Select Sector UCITS ETF (GXLK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XDEQ.DE | GXLK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.91 | +1.61 |
| Martin ratioReturn relative to average drawdown | 14.82 | 4.68 | +10.14 |
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Drawdowns
XDEQ.DE vs. GXLK.L - Drawdown Comparison
The maximum XDEQ.DE drawdown since its inception was -32.18%, smaller than the maximum GXLK.L drawdown of -44.73%. Use the drawdown chart below to compare losses from any high point for XDEQ.DE and GXLK.L.
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Drawdown Indicators
| XDEQ.DE | GXLK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.18% | -44.73% | +12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -15.74% | +9.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.59% | -30.29% | +9.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -44.73% | +24.14% |
Max Drawdown (10Y)Largest decline over 10 years | -32.18% | -44.73% | +12.55% |
Current DrawdownCurrent decline from peak | -1.07% | -8.58% | +7.51% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -10.29% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 6.42% | -4.94% |
Volatility
XDEQ.DE vs. GXLK.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) is 2.75%, while SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) has a volatility of 7.48%. This indicates that XDEQ.DE experiences smaller price fluctuations and is considered to be less risky than GXLK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEQ.DE | GXLK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 7.48% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 16.51% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 21.80% | -11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 25.12% | -10.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 25.61% | -9.79% |
XDEQ.DE vs. GXLK.L - Expense Ratio Comparison
XDEQ.DE has a 0.25% expense ratio, which is higher than GXLK.L's 0.15% 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
XDEQ.DE vs. GXLK.L - Dividend Comparison
Neither XDEQ.DE nor GXLK.L has paid dividends to shareholders.
Frequently Asked Questions
XDEQ.DE and GXLK.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLK.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLK.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDEQ.DE.
XDEQ.DE is categorized as Global Equities, while GXLK.L is Technology Equities. XDEQ.DE tracks MSCI ACWI NR USD, while GXLK.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDEQ.DE and 0.15% for GXLK.L.
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