XDEQ.DE vs. UETW.DE
XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - XDEQ.DE tracks the MSCI ACWI NR USD while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, XDEQ.DE returned 10.95%/yr vs 12.27%/yr for UETW.DE. With a 0.96 correlation, they move nearly in lockstep. XDEQ.DE charges 0.25%/yr vs 0.10%/yr for UETW.DE.
Performance
XDEQ.DE vs. UETW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XDEQ.DE having a 10.63% return and UETW.DE slightly higher at 11.10%.
XDEQ.DE
- 1D
- -0.22%
- 1M
- 1.50%
- YTD
- 10.63%
- 6M
- 11.03%
- 1Y
- 22.25%
- 3Y*
- 15.96%
- 5Y*
- 10.95%
- 10Y*
- 12.96%
UETW.DE
- 1D
- -0.57%
- 1M
- 0.81%
- YTD
- 11.10%
- 6M
- 11.19%
- 1Y
- 24.89%
- 3Y*
- 18.08%
- 5Y*
- 12.27%
- 10Y*
- —
XDEQ.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 10.63% | 2.87% | 23.81% | 21.83% | -14.80% | 34.39% | 4.48% | 15.53% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.10% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
Correlation
The correlation between XDEQ.DE and UETW.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.96 |
The correlation between XDEQ.DE and UETW.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
XDEQ.DE vs. UETW.DE — Risk / Return Rank
XDEQ.DE
UETW.DE
XDEQ.DE vs. UETW.DE - 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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE). 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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.72 | -0.16 |
| Martin ratioReturn relative to average drawdown | 14.97 | 14.55 | +0.42 |
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Drawdowns
XDEQ.DE vs. UETW.DE - Drawdown Comparison
The maximum XDEQ.DE drawdown since its inception was -32.18%, roughly equal to the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for XDEQ.DE and UETW.DE.
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Drawdown Indicators
| XDEQ.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.18% | -33.74% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -6.67% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.59% | -21.32% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -21.32% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -32.18% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.69% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -5.01% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.71% | -0.23% |
Volatility
XDEQ.DE vs. UETW.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) is 2.31%, while UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) has a volatility of 2.95%. This indicates that XDEQ.DE experiences smaller price fluctuations and is considered to be less risky than UETW.DE 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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 2.95% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 7.98% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 11.18% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 14.06% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 16.60% | -0.75% |
XDEQ.DE vs. UETW.DE - Expense Ratio Comparison
XDEQ.DE has a 0.25% expense ratio, which is higher than UETW.DE's 0.10% 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. UETW.DE - Dividend Comparison
Neither XDEQ.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XDEQ.DE and UETW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XDEQ.DE.
XDEQ.DE tracks MSCI ACWI NR USD, while UETW.DE tracks MSCI World. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.25% for XDEQ.DE and 0.10% for UETW.DE.
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