XDEV.L vs. GBDV.L

Last updated Jun 24, 2026

XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) and GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) are both Global Equities funds - XDEV.L tracks the MSCI ACWI Value NR USD while GBDV.L tracks the S&P Global Dividend Aristocrats index. Both are passively managed. Over the past 10 years, XDEV.L returned 13.31%/yr vs 7.10%/yr for GBDV.L. Their correlation of 0.80 suggests significant overlap in exposure. XDEV.L charges 0.25%/yr vs 0.45%/yr for GBDV.L.

Performance

XDEV.L vs. GBDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDEV.L is traded in GBp, while GBDV.L is traded in GBP. To make them comparable, the GBDV.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDEV.L achieves a 35.10% return, which is significantly higher than GBDV.L's 8.69% return. Over the past 10 years, XDEV.L has outperformed GBDV.L with an annualized return of 13.31%, while GBDV.L has yielded a comparatively lower 7.10% annualized return.

XDEV.L

• 1D: -1.90%
• 1M: 5.18%
• YTD: 35.10%
• 6M: 36.05%
• 1Y: 67.80%
• 3Y*: 27.56%
• 5Y*: 17.88%
• 10Y*: 13.31%

GBDV.L

• 1D: 0.27%
• 1M: 1.21%
• YTD: 8.69%
• 6M: 8.69%
• 1Y: 19.21%
• 3Y*: 13.53%
• 5Y*: 7.22%
• 10Y*: 7.10%

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

XDEV.L vs. GBDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C	35.10%	30.51%	6.79%	13.25%	1.01%	21.67%	-6.88%	14.56%	-9.23%	11.91%
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS	8.69%	9.25%	8.98%	1.23%	4.57%	16.69%	-12.13%	15.83%	-3.84%	8.16%

Correlation

The correlation between XDEV.L and GBDV.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014	0.80

Over the past year, the correlation between XDEV.L and GBDV.L has dropped to 0.44 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

XDEV.L vs. GBDV.L - Sectors Allocation Comparison

Sectors	XDEV.L	GBDV.L
Technology	41.7%	2.9%
Financial Services	13.3%	23.0%
Industrials	10.1%	12.0%
Healthcare	7.8%	3.8%
Consumer Cyclical	7.4%	1.3%
Communication Services	6.4%	10.3%
Consumer Defensive	3.9%	8.4%
Energy	3.1%	7.8%
Basic Materials	2.7%	2.3%
Utilities	2.1%	16.9%
Real Estate	1.5%	11.4%

Return for Risk

XDEV.L vs. GBDV.L — Risk / Return Rank

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

XDEV.L

XDEV.L Risk / Return Rank: 97
XDEV.L Sharpe Ratio Rank: 98
XDEV.L Sortino Ratio Rank: 97
XDEV.L Omega Ratio Rank: 97
XDEV.L Calmar Ratio Rank: 97
XDEV.L Martin Ratio Rank: 96

GBDV.L

GBDV.L Risk / Return Rank: 69
GBDV.L Sharpe Ratio Rank: 73
GBDV.L Sortino Ratio Rank: 73
GBDV.L Omega Ratio Rank: 72
GBDV.L Calmar Ratio Rank: 67
GBDV.L Martin Ratio Rank: 59

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.

XDEV.L vs. GBDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.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.

	XDEV.L	GBDV.L	Difference
Sharpe ratio: Return per unit of total volatility	4.78	2.20	+2.58
Sortino ratio: Return per unit of downside risk	6.33	3.05	+3.28
Omega ratio: Gain probability vs. loss probability	1.90	1.40	+0.50
Calmar ratio: Return relative to maximum drawdown	9.75	3.16	+6.59
Martin ratio: Return relative to average drawdown	35.92	9.79	+26.13

XDEV.L vs. GBDV.L - Sharpe Ratio Comparison

The current XDEV.L Sharpe Ratio is 4.78, which is higher than the GBDV.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of XDEV.L and GBDV.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.

Drawdowns

XDEV.L vs. GBDV.L - Drawdown Comparison

The maximum XDEV.L drawdown since its inception was -45.89%, which is greater than GBDV.L's maximum drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for XDEV.L and GBDV.L.

Drawdown Indicators

	XDEV.L	GBDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.89%	-40.46%	-5.43%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-6.06%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-19.90%	-13.57%	-6.33%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-16.18%	-3.72%
Max Drawdown (10Y) Largest decline over 10 years	-35.20%	-34.77%	-0.43%
Current Drawdown Current decline from peak	-1.90%	-0.41%	-1.49%
Average Drawdown Average peak-to-trough decline	-15.34%	-11.60%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.96%	-0.08%

Volatility

XDEV.L vs. GBDV.L - Volatility Comparison

Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a higher volatility of 5.89% compared to SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) at 1.90%. This indicates that XDEV.L's price experiences larger fluctuations and is considered to be riskier than GBDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDEV.L	GBDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	1.90%	+3.99%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	6.45%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	8.70%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	11.74%	+7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	14.09%	+6.89%

XDEV.L vs. GBDV.L - Expense Ratio Comparison

XDEV.L has a 0.25% expense ratio, which is lower than GBDV.L's 0.45% expense ratio.

Dividends

XDEV.L vs. GBDV.L - Dividend Comparison

XDEV.L has not paid dividends to shareholders, while GBDV.L's dividend yield for the trailing twelve months is around 3.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS	3.84%	4.21%	3.80%	4.25%	4.26%	3.68%	3.91%	3.60%	3.87%	3.28%	3.49%	3.73%
XDEV.L Xtrackers MSCI World Value 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 XDEV.L and GBDV.L in my portfolio?

XDEV.L and GBDV.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDEV.L or GBDV.L?

On fees, XDEV.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, XDEV.L or GBDV.L?

XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.45% for GBDV.L.

What is the main difference between XDEV.L and GBDV.L?

XDEV.L tracks MSCI ACWI Value NR USD, while GBDV.L tracks S&P Global Dividend Aristocrats index. They also come from different issuers: DWS and State Street. Their fees differ too: 0.25% for XDEV.L and 0.45% for GBDV.L.