XDEQ.L vs. XSTR.L
XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and XSTR.L (Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D) are both exchange-traded funds - XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD, while XSTR.L is a Money Market fund actively managed by Xtrackers. XDEQ.L is passively managed, while XSTR.L is actively managed. Over the past 10 years, XDEQ.L returned 13.33%/yr vs 1.78%/yr for XSTR.L. At a 0.00 correlation, their price movements are largely independent. XDEQ.L charges 0.25%/yr vs 0.10%/yr for XSTR.L.
Performance
XDEQ.L vs. XSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, XDEQ.L achieves a 9.37% return, which is significantly higher than XSTR.L's 1.77% return. Over the past 10 years, XDEQ.L has outperformed XSTR.L with an annualized return of 13.33%, while XSTR.L has yielded a comparatively lower 1.78% annualized return.
XDEQ.L
- 1D
- -0.27%
- 1M
- 1.19%
- YTD
- 9.37%
- 6M
- 9.73%
- 1Y
- 23.47%
- 3Y*
- 16.13%
- 5Y*
- 11.02%
- 10Y*
- 13.33%
XSTR.L
- 1D
- 0.01%
- 1M
- 0.30%
- YTD
- 1.77%
- 6M
- 1.38%
- 1Y
- 3.89%
- 3Y*
- 4.58%
- 5Y*
- 3.36%
- 10Y*
- 1.78%
XDEQ.L vs. XSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.37% | 7.52% | 18.91% | 19.22% | -9.44% | 25.15% | 10.98% | 26.01% | -2.33% | 12.55% |
XSTR.L Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | 1.77% | 4.20% | 5.14% | 4.57% | 1.25% | -0.08% | 0.03% | 0.56% | 0.41% | 0.10% |
Correlation
The correlation between XDEQ.L and XSTR.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.00 |
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Return for Risk
XDEQ.L vs. XSTR.L — Risk / Return Rank
XDEQ.L
XSTR.L
XDEQ.L vs. XSTR.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.L) and Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.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.L | XSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.80 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 4.00 | -0.62 |
| Martin ratioReturn relative to average drawdown | 14.19 | 32.03 | -17.84 |
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Drawdowns
XDEQ.L vs. XSTR.L - Drawdown Comparison
The maximum XDEQ.L drawdown since its inception was -44.31%, which is greater than XSTR.L's maximum drawdown of -1.60%. Use the drawdown chart below to compare losses from any high point for XDEQ.L and XSTR.L.
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Drawdown Indicators
| XDEQ.L | XSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.31% | -1.60% | -42.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -0.97% | -5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | -0.97% | -19.27% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -0.97% | -19.27% |
Max Drawdown (10Y)Largest decline over 10 years | -24.31% | -1.60% | -22.71% |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -0.04% | -12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.12% | +1.53% |
Volatility
XDEQ.L vs. XSTR.L - Volatility Comparison
Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) has a higher volatility of 2.64% compared to Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.L) at 0.10%. This indicates that XDEQ.L's price experiences larger fluctuations and is considered to be riskier than XSTR.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.L | XSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 0.10% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 2.02% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.92% | 2.09% | +7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 0.98% | +18.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 0.97% | +19.53% |
XDEQ.L vs. XSTR.L - Expense Ratio Comparison
XDEQ.L has a 0.25% expense ratio, which is higher than XSTR.L'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.L vs. XSTR.L - Dividend Comparison
XDEQ.L has not paid dividends to shareholders, while XSTR.L's dividend yield for the trailing twelve months is around 4.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDEQ.L 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% |
XSTR.L Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | 4.14% | 4.61% | 5.06% | 4.05% | 0.33% | 0.02% | 0.56% | 0.97% | 0.61% | 0.19% | 1.19% | 0.78% |
Frequently Asked Questions
XDEQ.L and XSTR.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTR.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTR.L is cheaper with a 0.10% expense ratio, compared with 0.25% for XDEQ.L.
XDEQ.L is categorized as Global Equities, while XSTR.L is Money Market. Their fees differ too: 0.25% for XDEQ.L and 0.10% for XSTR.L.
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