XDW0.L vs. GXLE.L

Last updated Jun 5, 2026

XDW0.L (Xtrackers MSCI World Energy UCITS ETF 1C) and GXLE.L (SPDR S&P US Energy Select Sector UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Xtrackers and State Street respectively. Both are passively managed. Over the past 3 years, XDW0.L returned 18.78%/yr vs 17.12%/yr for GXLE.L. Their correlation of 0.94 suggests significant overlap in exposure. XDW0.L charges 0.25%/yr vs 0.15%/yr for GXLE.L.

Performance

XDW0.L vs. GXLE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.L) and SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDW0.L is traded in USD, while GXLE.L is traded in GBP. To make them comparable, the GXLE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XDW0.L having a 30.91% return and GXLE.L slightly lower at 30.33%.

XDW0.L

• 1D: -0.57%
• 1M: -1.85%
• YTD: 30.91%
• 6M: 28.80%
• 1Y: 47.41%
• 3Y*: 18.78%
• 5Y*: 19.19%
• 10Y*: 9.43%

GXLE.L

• 1D: -0.43%
• 1M: -0.98%
• YTD: 30.33%
• 6M: 29.35%
• 1Y: 46.25%
• 3Y*: 17.12%
• 5Y*: —
• 10Y*: —

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

XDW0.L vs. GXLE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XDW0.L Xtrackers MSCI World Energy UCITS ETF 1C	30.91%	14.66%	2.10%	3.69%	10.63%
GXLE.L SPDR S&P US Energy Select Sector UCITS ETF	30.33%	9.94%	3.75%	-0.02%	16.57%

Correlation

The correlation between XDW0.L and GXLE.L is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.94

The correlation between XDW0.L and GXLE.L has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

XDW0.L vs. GXLE.L — Risk / Return Rank

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

XDW0.L

XDW0.L Risk / Return Rank: 73
XDW0.L Sharpe Ratio Rank: 77
XDW0.L Sortino Ratio Rank: 67
XDW0.L Omega Ratio Rank: 71
XDW0.L Calmar Ratio Rank: 77
XDW0.L Martin Ratio Rank: 70

GXLE.L

GXLE.L Risk / Return Rank: 56
GXLE.L Sharpe Ratio Rank: 61
GXLE.L Sortino Ratio Rank: 51
GXLE.L Omega Ratio Rank: 59
GXLE.L Calmar Ratio Rank: 58
GXLE.L 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.

XDW0.L vs. GXLE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.L) and SPDR S&P US Energy Select Sector UCITS ETF (GXLE.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.

	XDW0.L	GXLE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.01	+0.45
Sortino ratio: Return per unit of downside risk	3.05	2.52	+0.52
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	3.89	3.16	+0.73
Martin ratio: Return relative to average drawdown	12.98	10.18	+2.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDW0.L vs. GXLE.L - Sharpe Ratio Comparison

The current XDW0.L Sharpe Ratio is 2.46, which is comparable to the GXLE.L Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of XDW0.L and GXLE.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

	XDW0.L	GXLE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.01	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.54	-0.15

Drawdowns

XDW0.L vs. GXLE.L - Drawdown Comparison

The maximum XDW0.L drawdown since its inception was -63.72%, which is greater than GXLE.L's maximum drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for XDW0.L and GXLE.L.

Drawdown Indicators

	XDW0.L	GXLE.L	Difference
Max Drawdown Largest peak-to-trough decline	-63.72%	-27.58%	-36.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-14.58%	+2.44%
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	-20.63%	+1.73%
Max Drawdown (5Y) Largest decline over 5 years	-26.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.72%	—	—
Current Drawdown Current decline from peak	-6.03%	-7.32%	+1.29%
Average Drawdown Average peak-to-trough decline	-12.31%	-7.70%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	4.53%	-0.89%

Volatility

XDW0.L vs. GXLE.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.L) is 7.38%, while SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) has a volatility of 8.86%. This indicates that XDW0.L experiences smaller price fluctuations and is considered to be less risky than GXLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDW0.L	GXLE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	8.86%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	16.33%	19.74%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.23%	22.92%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.24%	25.98%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.16%	25.98%	+0.18%

XDW0.L vs. GXLE.L - Expense Ratio Comparison

XDW0.L has a 0.25% expense ratio, which is higher than GXLE.L's 0.15% 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

XDW0.L vs. GXLE.L - Dividend Comparison

Neither XDW0.L nor GXLE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDW0.L and GXLE.L in my portfolio?

With a correlation of 0.94, XDW0.L and GXLE.L 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.

Which ETF is better, XDW0.L or GXLE.L?

On fees, GXLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDW0.L or GXLE.L?

GXLE.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDW0.L.

What is the main difference between XDW0.L and GXLE.L?

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDW0.L and 0.15% for GXLE.L.