XDWH.L vs. USTY.L
XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) and USTY.L (SPDR Bloomberg US Treasury Bond UCITS ETF) are both exchange-traded funds - XDWH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while USTY.L is a Government Bonds fund tracking the Bloomberg US Treasury Index. Both are passively managed. Over the past 10 years, XDWH.L returned 7.85%/yr vs 1.54%/yr for USTY.L. At a correlation of -0.07, they often move in opposite directions. XDWH.L charges 0.25%/yr vs 0.05%/yr for USTY.L.
Performance
XDWH.L vs. USTY.L - Performance Comparison
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Different Trading Currencies
XDWH.L is traded in USD, while USTY.L is traded in GBP. To make them comparable, the USTY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDWH.L achieves a -2.74% return, which is significantly lower than USTY.L's 0.42% return. Over the past 10 years, XDWH.L has outperformed USTY.L with an annualized return of 7.85%, while USTY.L has yielded a comparatively lower 1.54% annualized return.
XDWH.L
- 1D
- 2.99%
- 1M
- 2.38%
- YTD
- -2.74%
- 6M
- -1.48%
- 1Y
- 11.78%
- 3Y*
- 5.50%
- 5Y*
- 4.54%
- 10Y*
- 7.85%
USTY.L
- 1D
- 0.26%
- 1M
- -0.28%
- YTD
- 0.42%
- 6M
- 0.88%
- 1Y
- 5.09%
- 3Y*
- 3.82%
- 5Y*
- 0.31%
- 10Y*
- 1.54%
XDWH.L vs. USTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | -2.74% | 15.25% | 0.75% | 3.81% | -5.42% | 20.56% | 12.88% | 22.95% | 1.57% | 20.16% |
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 0.42% | 7.65% | 1.64% | 3.84% | -12.17% | -1.76% | 7.78% | 8.38% | 1.15% | 2.48% |
Correlation
The correlation between XDWH.L and USTY.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2016 | -0.07 |
The correlation between XDWH.L and USTY.L shifts across timeframes, from -0.07 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDWH.L vs. USTY.L — Risk / Return Rank
XDWH.L
USTY.L
XDWH.L vs. USTY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) and SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.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.
| XDWH.L | USTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.46 | -0.35 |
| Martin ratioReturn relative to average drawdown | 2.80 | 4.56 | -1.76 |
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
| XDWH.L | USTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.94 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.04 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.22 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.26 | +0.31 |
Drawdowns
XDWH.L vs. USTY.L - Drawdown Comparison
The maximum XDWH.L drawdown since its inception was -26.24%, which is greater than USTY.L's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for XDWH.L and USTY.L.
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Drawdown Indicators
| XDWH.L | USTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -18.61% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -3.42% | -6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -5.11% | -14.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -16.44% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -18.61% | -7.63% |
Current DrawdownCurrent decline from peak | -5.82% | -3.73% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -5.80% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 1.09% | +3.03% |
Volatility
XDWH.L vs. USTY.L - Volatility Comparison
Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a higher volatility of 4.80% compared to SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) at 1.73%. This indicates that XDWH.L's price experiences larger fluctuations and is considered to be riskier than USTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWH.L | USTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 1.73% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 3.97% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 5.33% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 7.13% | +7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 6.86% | +8.11% |
XDWH.L vs. USTY.L - Expense Ratio Comparison
XDWH.L has a 0.25% expense ratio, which is higher than USTY.L's 0.05% 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
XDWH.L vs. USTY.L - Dividend Comparison
XDWH.L has not paid dividends to shareholders, while USTY.L's dividend yield for the trailing twelve months is around 4.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 4.87% | 4.61% | 3.81% | 2.81% | 1.57% | 1.31% | 2.49% | 2.79% | 2.11% | 2.11% | 1.66% |
XDWH.L Xtrackers MSCI World Health Care 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% |
Frequently Asked Questions
XDWH.L and USTY.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USTY.L is cheaper with a 0.05% expense ratio, compared with 0.25% for XDWH.L.
XDWH.L is categorized as Health & Biotech Equities, while USTY.L is Government Bonds. XDWH.L tracks MSCI World/Health Care NR USD, while USTY.L tracks Bloomberg US Treasury Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDWH.L and 0.05% for USTY.L.
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