XDWT.L vs. XUT3.L
XDWT.L (Xtrackers MSCI World Information Technology UCITS ETF 1C) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both exchange-traded funds - XDWT.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 10 years, XDWT.L returned 24.42%/yr vs 1.70%/yr for XUT3.L. At a correlation of -0.11, they often move in opposite directions. XDWT.L charges 0.25%/yr vs 0.06%/yr for XUT3.L.
Performance
XDWT.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, XDWT.L achieves a 16.67% return, which is significantly higher than XUT3.L's 0.64% return. Over the past 10 years, XDWT.L has outperformed XUT3.L with an annualized return of 24.42%, while XUT3.L has yielded a comparatively lower 1.70% annualized return.
XDWT.L
- 1D
- -1.23%
- 1M
- -2.50%
- YTD
- 16.67%
- 6M
- 16.30%
- 1Y
- 36.46%
- 3Y*
- 29.83%
- 5Y*
- 18.79%
- 10Y*
- 24.42%
XUT3.L
- 1D
- 0.09%
- 1M
- 0.24%
- YTD
- 0.64%
- 6M
- 0.83%
- 1Y
- 3.11%
- 3Y*
- 4.26%
- 5Y*
- 1.92%
- 10Y*
- 1.70%
XDWT.L vs. XUT3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDWT.L Xtrackers MSCI World Information Technology UCITS ETF 1C | 16.67% | 22.42% | 33.89% | 54.83% | -31.38% | 29.86% | 44.46% | 46.27% | -3.14% | 37.72% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.64% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.44% | 0.27% |
Correlation
The correlation between XDWT.L and XUT3.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010 | -0.11 |
The correlation between XDWT.L and XUT3.L shifts across timeframes, from -0.11 (all time) to 0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDWT.L vs. XUT3.L — Risk / Return Rank
XDWT.L
XUT3.L
XDWT.L vs. XUT3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.L) and Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XDWT.L | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.59 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 4.61 | -2.46 |
| Martin ratioReturn relative to average drawdown | 6.14 | 17.55 | -11.41 |
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Drawdowns
XDWT.L vs. XUT3.L - Drawdown Comparison
The maximum XDWT.L drawdown since its inception was -35.99%, which is greater than XUT3.L's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for XDWT.L and XUT3.L.
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Drawdown Indicators
| XDWT.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -5.45% | -30.54% |
Max Drawdown (1Y)Largest decline over 1 year | -16.86% | -0.67% | -16.19% |
Max Drawdown (3Y)Largest decline over 3 years | -26.10% | -0.91% | -25.19% |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | -5.45% | -30.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | -5.45% | -30.54% |
Current DrawdownCurrent decline from peak | -8.49% | -0.02% | -8.47% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -0.55% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 0.18% | +5.74% |
Volatility
XDWT.L vs. XUT3.L - Volatility Comparison
Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.L) has a higher volatility of 8.87% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 0.39%. This indicates that XDWT.L's price experiences larger fluctuations and is considered to be riskier than XUT3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWT.L | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 0.39% | +8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.14% | 0.84% | +16.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 1.13% | +20.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 1.89% | +21.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 1.49% | +20.47% |
XDWT.L vs. XUT3.L - Expense Ratio Comparison
XDWT.L has a 0.25% expense ratio, which is higher than XUT3.L's 0.06% 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
XDWT.L vs. XUT3.L - Dividend Comparison
XDWT.L has not paid dividends to shareholders, while XUT3.L's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XDWT.L Xtrackers MSCI World Information Technology UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
XDWT.L and XUT3.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.25% for XDWT.L.
XDWT.L is categorized as Technology Equities, while XUT3.L is Government Bonds. XDWT.L tracks MSCI World/Information Tech NR USD, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. Their fees differ too: 0.25% for XDWT.L and 0.06% for XUT3.L.
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