XDWF.DE vs. KBWB
XDWF.DE (Xtrackers MSCI World Financials UCITS ETF 1C) and KBWB (Invesco KBW Bank ETF) are both Financials Equities funds - XDWF.DE tracks the MSCI World Financials while KBWB tracks the KBW Nasdaq Bank Index. Both are passively managed. Over the past 10 years, XDWF.DE returned 11.89%/yr vs 12.10%/yr for KBWB. A 0.64 correlation means they provide meaningful diversification when combined. XDWF.DE charges 0.25%/yr vs 0.35%/yr for KBWB.
Performance
XDWF.DE vs. KBWB - Performance Comparison
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Different Trading Currencies
XDWF.DE is traded in EUR, while KBWB is traded in USD. To make them comparable, the KBWB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDWF.DE achieves a 1.15% return, which is significantly lower than KBWB's 9.09% return. Both investments have delivered pretty close results over the past 10 years, with XDWF.DE having a 11.89% annualized return and KBWB not far ahead at 12.10%.
XDWF.DE
- 1D
- 2.02%
- 1M
- 2.66%
- YTD
- 1.15%
- 6M
- 4.89%
- 1Y
- 12.52%
- 3Y*
- 20.89%
- 5Y*
- 12.85%
- 10Y*
- 11.89%
KBWB
- 1D
- 3.50%
- 1M
- 5.48%
- YTD
- 9.09%
- 6M
- 12.07%
- 1Y
- 38.20%
- 3Y*
- 30.42%
- 5Y*
- 9.54%
- 10Y*
- 12.10%
XDWF.DE vs. KBWB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDWF.DE Xtrackers MSCI World Financials UCITS ETF 1C | 1.15% | 15.35% | 34.08% | 12.42% | -4.87% | 39.49% | -11.91% | 29.11% | -13.92% | 8.33% |
KBWB Invesco KBW Bank ETF | 9.09% | 16.38% | 45.76% | -4.14% | -16.83% | 48.02% | -17.84% | 38.97% | -14.46% | 3.59% |
Correlation
The correlation between XDWF.DE and KBWB is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2016 | 0.64 |
The correlation between XDWF.DE and KBWB has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
XDWF.DE vs. KBWB — Risk / Return Rank
XDWF.DE
KBWB
XDWF.DE vs. KBWB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) and Invesco KBW Bank ETF (KBWB). 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.
| XDWF.DE | KBWB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.83 | -1.53 |
| Martin ratioReturn relative to average drawdown | 3.98 | 8.39 | -4.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDWF.DE | KBWB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.87 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.36 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.41 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.54 | +0.09 |
Drawdowns
XDWF.DE vs. KBWB - Drawdown Comparison
The maximum XDWF.DE drawdown since its inception was -42.06%, smaller than the maximum KBWB drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for XDWF.DE and KBWB.
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Drawdown Indicators
| XDWF.DE | KBWB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.06% | -48.43% | +6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -13.58% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -19.74% | -29.79% | +10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -19.74% | -47.31% | +27.57% |
Max Drawdown (10Y)Largest decline over 10 years | -42.06% | -48.43% | +6.37% |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -10.98% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 4.57% | -1.43% |
Volatility
XDWF.DE vs. KBWB - Volatility Comparison
The current volatility for Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) is 3.37%, while Invesco KBW Bank ETF (KBWB) has a volatility of 5.83%. This indicates that XDWF.DE experiences smaller price fluctuations and is considered to be less risky than KBWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWF.DE | KBWB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 5.83% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 15.58% | -5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 20.60% | -7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 26.41% | -10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 29.54% | -10.93% |
XDWF.DE vs. KBWB - Expense Ratio Comparison
XDWF.DE has a 0.25% expense ratio, which is lower than KBWB's 0.35% expense ratio.
Dividends
XDWF.DE vs. KBWB - Dividend Comparison
XDWF.DE has not paid dividends to shareholders, while KBWB's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWB Invesco KBW Bank ETF | 1.99% | 2.04% | 2.46% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% |
XDWF.DE Xtrackers MSCI World Financials 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
XDWF.DE and KBWB have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWF.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWF.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for KBWB.
XDWF.DE tracks MSCI World Financials, while KBWB tracks KBW Nasdaq Bank Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XDWF.DE and 0.35% for KBWB.
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