XDEV.L vs. VALW.L

Last updated Jun 5, 2026

XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) and VALW.L (SPDR MSCI World Value UCITS ETF) are both Global Equities funds tracking the MSCI ACWI Value NR USD, from DWS and State Street respectively. Both are passively managed. Over the past 5 years, XDEV.L returned 17.53%/yr vs 14.46%/yr for VALW.L. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

XDEV.L vs. VALW.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 MSCI World Value UCITS ETF (VALW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDEV.L is traded in GBp, while VALW.L is traded in GBP. To make them comparable, the VALW.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 34.49% return, which is significantly higher than VALW.L's 19.04% return.

XDEV.L

• 1D: -0.91%
• 1M: 13.12%
• YTD: 34.49%
• 6M: 37.39%
• 1Y: 67.77%
• 3Y*: 26.92%
• 5Y*: 17.53%
• 10Y*: 13.44%

VALW.L

• 1D: 0.03%
• 1M: 9.21%
• YTD: 19.04%
• 6M: 20.83%
• 1Y: 45.90%
• 3Y*: 21.00%
• 5Y*: 14.46%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C	34.49%	30.51%	6.79%	13.25%	1.01%	21.67%	11.17%
VALW.L SPDR MSCI World Value UCITS ETF	19.04%	27.01%	5.92%	16.43%	0.09%	20.68%	-18.17%

Correlation

The correlation between XDEV.L and VALW.L is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.95

The correlation between XDEV.L and VALW.L has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

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

Sectors	XDEV.L	VALW.L
Technology	33.9%	29.7%
Financial Services	14.8%	15.4%
Industrials	11.4%	12.4%
Healthcare	8.8%	9.4%
Consumer Cyclical	7.9%	8.3%
Communication Services	7.5%	8.1%
Consumer Defensive	4.5%	4.9%
Energy	3.8%	4.1%
Basic Materials	3.0%	3.2%
Utilities	2.6%	2.7%
Real Estate	1.8%	1.8%

Return for Risk

XDEV.L vs. VALW.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: 98
XDEV.L Omega Ratio Rank: 97
XDEV.L Calmar Ratio Rank: 96
XDEV.L Martin Ratio Rank: 96

VALW.L

VALW.L Risk / Return Rank: 94
VALW.L Sharpe Ratio Rank: 95
VALW.L Sortino Ratio Rank: 95
VALW.L Omega Ratio Rank: 95
VALW.L Calmar Ratio Rank: 93
VALW.L Martin Ratio Rank: 93

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. VALW.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 MSCI World Value UCITS ETF (VALW.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.

	XDEV.L	VALW.L	Difference
Sharpe ratio: Return per unit of total volatility	5.07	3.83	+1.23
Sortino ratio: Return per unit of downside risk	6.87	5.26	+1.61
Omega ratio: Gain probability vs. loss probability	1.97	1.72	+0.25
Calmar ratio: Return relative to maximum drawdown	9.75	6.49	+3.26
Martin ratio: Return relative to average drawdown	37.53	24.35	+13.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XDEV.L Sharpe Ratio is 5.07, which is higher than the VALW.L Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of XDEV.L and VALW.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.

Sharpe Ratios by Period

	XDEV.L	VALW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.07	3.83	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.33	1.14	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.67	+0.19

Drawdowns

XDEV.L vs. VALW.L - Drawdown Comparison

The maximum XDEV.L drawdown since its inception was -28.20%, roughly equal to the maximum VALW.L drawdown of -28.59%. Use the drawdown chart below to compare losses from any high point for XDEV.L and VALW.L.

Drawdown Indicators

	XDEV.L	VALW.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.20%	-28.59%	+0.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-7.04%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-14.00%	-14.24%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-14.00%	-14.24%	+0.24%
Max Drawdown (10Y) Largest decline over 10 years	-28.20%	—	—
Current Drawdown Current decline from peak	-0.91%	-0.23%	-0.68%
Average Drawdown Average peak-to-trough decline	-4.35%	-4.55%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.88%	-0.08%

Volatility

XDEV.L vs. VALW.L - Volatility Comparison

Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a higher volatility of 5.42% compared to SPDR MSCI World Value UCITS ETF (VALW.L) at 4.23%. This indicates that XDEV.L's price experiences larger fluctuations and is considered to be riskier than VALW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDEV.L	VALW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	4.23%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	9.57%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	11.91%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	12.65%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	16.67%	-1.63%

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

Both XDEV.L and VALW.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDEV.L vs. VALW.L - Dividend Comparison

Neither XDEV.L nor VALW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDEV.L and VALW.L in my portfolio?

XDEV.L and VALW.L have a correlation of 0.87, 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 VALW.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDEV.L or VALW.L?

XDEV.L and VALW.L have the same expense ratio: 0.25% per year.

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

Both ETFs track MSCI ACWI Value NR USD. They also come from different issuers: DWS and State Street.