XDEQ.DE vs. PIOTX

Last updated Jun 5, 2026

XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and PIOTX (Pioneer Core Equity Fund) are both funds - XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD, while PIOTX is a Large Cap Blend Equities fund managed by Amundi. Over the past 10 years, XDEQ.DE returned 12.38%/yr vs 13.47%/yr for PIOTX. A 0.53 correlation means they provide meaningful diversification when combined. XDEQ.DE charges 0.25%/yr vs 0.88%/yr for PIOTX.

Performance

XDEQ.DE vs. PIOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) and Pioneer Core Equity Fund (PIOTX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDEQ.DE is traded in EUR, while PIOTX is traded in USD. To make them comparable, the PIOTX 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 9.48% return, which is significantly lower than PIOTX's 11.96% return. Over the past 10 years, XDEQ.DE has underperformed PIOTX with an annualized return of 12.38%, while PIOTX has yielded a comparatively higher 13.47% annualized return.

XDEQ.DE

• 1D: 0.79%
• 1M: 4.30%
• YTD: 9.48%
• 6M: 10.18%
• 1Y: 19.01%
• 3Y*: 15.18%
• 5Y*: 11.42%
• 10Y*: 12.38%

PIOTX

• 1D: -0.57%
• 1M: 6.37%
• YTD: 11.96%
• 6M: 10.70%
• 1Y: 24.89%
• 3Y*: 14.32%
• 5Y*: 10.86%
• 10Y*: 13.47%

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

XDEQ.DE vs. PIOTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C	9.48%	2.87%	23.81%	21.83%	-14.94%	34.64%	4.47%	34.18%	-3.32%	7.04%
PIOTX Pioneer Core Equity Fund	11.96%	3.07%	21.89%	14.64%	-12.15%	35.22%	11.01%	34.39%	-4.01%	9.54%

Correlation

The correlation between XDEQ.DE and PIOTX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.53

The correlation between XDEQ.DE and PIOTX has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.

Return for Risk

XDEQ.DE vs. PIOTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDEQ.DE

XDEQ.DE Risk / Return Rank: 58
XDEQ.DE Sharpe Ratio Rank: 53
XDEQ.DE Sortino Ratio Rank: 54
XDEQ.DE Omega Ratio Rank: 55
XDEQ.DE Calmar Ratio Rank: 62
XDEQ.DE Martin Ratio Rank: 67

PIOTX

PIOTX Risk / Return Rank: 57
PIOTX Sharpe Ratio Rank: 57
PIOTX Sortino Ratio Rank: 53
PIOTX Omega Ratio Rank: 53
PIOTX Calmar Ratio Rank: 70
PIOTX Martin Ratio Rank: 53

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.

XDEQ.DE vs. PIOTX - 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 Pioneer Core Equity Fund (PIOTX). 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.

	XDEQ.DE	PIOTX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.94	-0.16
Sortino ratio: Return per unit of downside risk	2.56	2.51	+0.05
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.02
Calmar ratio: Return relative to maximum drawdown	3.04	4.04	-1.00
Martin ratio: Return relative to average drawdown	12.17	12.68	-0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDEQ.DE vs. PIOTX - Sharpe Ratio Comparison

The current XDEQ.DE Sharpe Ratio is 1.78, which is comparable to the PIOTX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of XDEQ.DE and PIOTX, 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

	XDEQ.DE	PIOTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.94	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.65	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.73	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.44	+0.36

Drawdowns

XDEQ.DE vs. PIOTX - Drawdown Comparison

The maximum XDEQ.DE drawdown since its inception was -32.16%, smaller than the maximum PIOTX drawdown of -57.80%. Use the drawdown chart below to compare losses from any high point for XDEQ.DE and PIOTX.

Drawdown Indicators

	XDEQ.DE	PIOTX	Difference
Max Drawdown Largest peak-to-trough decline	-32.16%	-57.80%	+25.64%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-6.05%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-20.59%	-25.14%	+4.55%
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	-25.14%	+4.55%
Max Drawdown (10Y) Largest decline over 10 years	-32.16%	-31.23%	-0.93%
Current Drawdown Current decline from peak	0.00%	-0.57%	+0.57%
Average Drawdown Average peak-to-trough decline	-4.75%	-11.94%	+7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.92%	-0.36%

Volatility

XDEQ.DE vs. PIOTX - Volatility Comparison

The current volatility for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) is 2.36%, while Pioneer Core Equity Fund (PIOTX) has a volatility of 2.50%. This indicates that XDEQ.DE experiences smaller price fluctuations and is considered to be less risky than PIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDEQ.DE	PIOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	2.50%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.32%	8.40%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	12.65%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	16.84%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	18.52%	-3.17%

XDEQ.DE vs. PIOTX - Expense Ratio Comparison

XDEQ.DE has a 0.25% expense ratio, which is lower than PIOTX's 0.88% expense ratio.

Dividends

XDEQ.DE vs. PIOTX - Dividend Comparison

XDEQ.DE has not paid dividends to shareholders, while PIOTX's dividend yield for the trailing twelve months is around 6.81%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIOTX Pioneer Core Equity Fund	6.81%	7.53%	5.87%	2.83%	7.10%	20.38%	8.56%	3.06%	19.73%	9.04%	1.13%	0.74%
XDEQ.DE Xtrackers MSCI World Quality 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%

Frequently Asked Questions

Can I hold both XDEQ.DE and PIOTX in my portfolio?

XDEQ.DE and PIOTX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.