XDWH.L vs. XDBG.L

Last updated Jun 5, 2026

XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) and XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) are both exchange-traded funds - XDWH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while XDBG.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Both are passively managed. Over the past 10 years, XDWH.L returned 7.85%/yr vs 7.78%/yr for XDBG.L. At a 0.22 correlation, their price movements are largely independent. XDWH.L charges 0.25%/yr vs 0.39%/yr for XDBG.L.

Performance

XDWH.L vs. XDBG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) and Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDWH.L is traded in USD, while XDBG.L is traded in GBp. To make them comparable, the XDBG.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 XDBG.L's 22.73% return. Both investments have delivered pretty close results over the past 10 years, with XDWH.L having a 7.85% annualized return and XDBG.L not far behind at 7.78%.

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%

XDBG.L

• 1D: -0.37%
• 1M: -0.27%
• YTD: 22.73%
• 6M: 26.94%
• 1Y: 43.50%
• 3Y*: 22.02%
• 5Y*: 13.18%
• 10Y*: 7.78%

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

XDWH.L vs. XDBG.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%
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged	22.73%	35.16%	6.35%	-6.49%	5.50%	37.00%	-0.21%	9.31%	-17.85%	14.17%

Correlation

The correlation between XDWH.L and XDBG.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 29, 2016	0.22

The correlation between XDWH.L and XDBG.L shifts across timeframes, from -0.01 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.

XDWH.L vs. XDBG.L - Sectors Allocation Comparison

Sectors	XDWH.L	XDBG.L
Healthcare	98.9%	4.0%
Consumer Defensive	0.5%	11.8%
Basic Materials	-	4.0%
Communication Services	-	17.2%
Consumer Cyclical	-	4.9%
Energy	-	3.1%
Financial Services	-	5.2%
Industrials	-	10.6%
Real Estate	-	2.8%
Technology	-	36.3%
Utilities	-	1.1%

Return for Risk

XDWH.L vs. XDBG.L — Risk / Return Rank

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

XDWH.L

XDWH.L Risk / Return Rank: 24
XDWH.L Sharpe Ratio Rank: 23
XDWH.L Sortino Ratio Rank: 24
XDWH.L Omega Ratio Rank: 23
XDWH.L Calmar Ratio Rank: 24
XDWH.L Martin Ratio Rank: 23

XDBG.L

XDBG.L Risk / Return Rank: 76
XDBG.L Sharpe Ratio Rank: 79
XDBG.L Sortino Ratio Rank: 67
XDBG.L Omega Ratio Rank: 77
XDBG.L Calmar Ratio Rank: 86
XDBG.L Martin Ratio Rank: 72

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.

XDWH.L vs. XDBG.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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.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	XDBG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.22	-1.43
Sortino ratio: Return per unit of downside risk	1.29	2.74	-1.45
Omega ratio: Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio: Return relative to maximum drawdown	1.11	3.95	-2.84
Martin ratio: Return relative to average drawdown	2.80	11.55	-8.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDWH.L vs. XDBG.L - Sharpe Ratio Comparison

The current XDWH.L Sharpe Ratio is 0.79, which is lower than the XDBG.L Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XDWH.L and XDBG.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

	XDWH.L	XDBG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.22	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.58	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.38	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	-0.00	+0.57

Drawdowns

XDWH.L vs. XDBG.L - Drawdown Comparison

The maximum XDWH.L drawdown since its inception was -26.24%, smaller than the maximum XDBG.L drawdown of -75.36%. Use the drawdown chart below to compare losses from any high point for XDWH.L and XDBG.L.

Drawdown Indicators

	XDWH.L	XDBG.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	-75.36%	+49.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-10.97%	+0.58%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-13.87%	-5.41%
Max Drawdown (5Y) Largest decline over 5 years	-19.28%	-34.15%	+14.87%
Max Drawdown (10Y) Largest decline over 10 years	-26.24%	-47.03%	+20.79%
Current Drawdown Current decline from peak	-5.82%	-8.47%	+2.65%
Average Drawdown Average peak-to-trough decline	-4.98%	-45.53%	+40.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	3.75%	+0.37%

Volatility

XDWH.L vs. XDBG.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) is 4.80%, while Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) has a volatility of 5.07%. This indicates that XDWH.L experiences smaller price fluctuations and is considered to be less risky than XDBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDWH.L	XDBG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	5.07%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	16.60%	-5.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	19.48%	-4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	22.76%	-8.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	20.31%	-5.34%

XDWH.L vs. XDBG.L - Expense Ratio Comparison

XDWH.L has a 0.25% expense ratio, which is lower than XDBG.L's 0.39% expense ratio.

Dividends

XDWH.L vs. XDBG.L - Dividend Comparison

Neither XDWH.L nor XDBG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDWH.L and XDBG.L in my portfolio?

XDWH.L and XDBG.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDWH.L or XDBG.L?

On fees, XDWH.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, XDWH.L or XDBG.L?

XDWH.L is cheaper with a 0.25% expense ratio, compared with 0.39% for XDBG.L.

What is the main difference between XDWH.L and XDBG.L?

XDWH.L is categorized as Health & Biotech Equities, while XDBG.L is Commodities. XDWH.L tracks MSCI World/Health Care NR USD, while XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Their fees differ too: 0.25% for XDWH.L and 0.39% for XDBG.L.