XDWU.L vs. EXUS.L

Last updated Jun 5, 2026

XDWU.L (Xtrackers MSCI World Utilities UCITS ETF 1C) and EXUS.L (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - XDWU.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while EXUS.L is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, XDWU.L returned 14.91% vs 22.21% for EXUS.L. At a 0.41 correlation, their price movements are largely independent. XDWU.L charges 0.25%/yr vs 0.15%/yr for EXUS.L.

Performance

XDWU.L vs. EXUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDWU.L achieves a 4.59% return, which is significantly lower than EXUS.L's 8.97% return.

XDWU.L

• 1D: -1.38%
• 1M: -5.78%
• YTD: 4.59%
• 6M: 4.09%
• 1Y: 14.91%
• 3Y*: 14.82%
• 5Y*: 8.86%
• 10Y*: 8.86%

EXUS.L

• 1D: 0.34%
• 1M: 2.75%
• YTD: 8.97%
• 6M: 11.45%
• 1Y: 22.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDWU.L vs. EXUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XDWU.L Xtrackers MSCI World Utilities UCITS ETF 1C	4.59%	26.14%	15.32%
EXUS.L Xtrackers MSCI World ex USA UCITS ETF 1C USD	8.97%	31.98%	1.23%

Correlation

The correlation between XDWU.L and EXUS.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.41

XDWU.L vs. EXUS.L - Sectors Allocation Comparison

Sectors	XDWU.L	EXUS.L
Utilities	98.1%	3.7%
Industrials	1.4%	18.6%
Energy	0.5%	5.9%
Basic Materials	-	7.0%
Communication Services	-	4.0%
Consumer Cyclical	-	7.1%
Consumer Defensive	-	6.4%
Financial Services	-	26.2%
Healthcare	-	9.2%
Real Estate	-	1.7%
Technology	-	10.1%

Return for Risk

XDWU.L vs. EXUS.L — Risk / Return Rank

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

XDWU.L

XDWU.L Risk / Return Rank: 34
XDWU.L Sharpe Ratio Rank: 34
XDWU.L Sortino Ratio Rank: 32
XDWU.L Omega Ratio Rank: 31
XDWU.L Calmar Ratio Rank: 38
XDWU.L Martin Ratio Rank: 36

EXUS.L

EXUS.L Risk / Return Rank: 45
EXUS.L Sharpe Ratio Rank: 44
EXUS.L Sortino Ratio Rank: 46
EXUS.L Omega Ratio Rank: 45
EXUS.L Calmar Ratio Rank: 42
EXUS.L Martin Ratio Rank: 47

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.

XDWU.L vs. EXUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.

	XDWU.L	EXUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.51	-0.32
Sortino ratio: Return per unit of downside risk	1.68	2.25	-0.57
Omega ratio: Gain probability vs. loss probability	1.20	1.28	-0.08
Calmar ratio: Return relative to maximum drawdown	1.84	2.05	-0.21
Martin ratio: Return relative to average drawdown	5.63	7.56	-1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDWU.L vs. EXUS.L - Sharpe Ratio Comparison

The current XDWU.L Sharpe Ratio is 1.19, which is comparable to the EXUS.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of XDWU.L and EXUS.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

	XDWU.L	EXUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.51	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.19	-0.56

Drawdowns

XDWU.L vs. EXUS.L - Drawdown Comparison

The maximum XDWU.L drawdown since its inception was -33.87%, which is greater than EXUS.L's maximum drawdown of -12.85%. Use the drawdown chart below to compare losses from any high point for XDWU.L and EXUS.L.

Drawdown Indicators

	XDWU.L	EXUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.87%	-12.85%	-21.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-10.74%	+2.69%
Max Drawdown (3Y) Largest decline over 3 years	-17.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.87%	—	—
Current Drawdown Current decline from peak	-7.90%	-0.59%	-7.31%
Average Drawdown Average peak-to-trough decline	-5.47%	-2.35%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.93%	-0.29%

Volatility

XDWU.L vs. EXUS.L - Volatility Comparison

Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L) have volatilities of 4.19% and 4.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDWU.L	EXUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	4.25%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	12.23%	-1.73%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	14.64%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	15.29%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	15.29%	+2.58%

XDWU.L vs. EXUS.L - Expense Ratio Comparison

XDWU.L has a 0.25% expense ratio, which is higher than EXUS.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

XDWU.L vs. EXUS.L - Dividend Comparison

Neither XDWU.L nor EXUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDWU.L and EXUS.L in my portfolio?

XDWU.L and EXUS.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDWU.L or EXUS.L?

On fees, EXUS.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, XDWU.L or EXUS.L?

EXUS.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDWU.L.

What is the main difference between XDWU.L and EXUS.L?

XDWU.L is categorized as Utilities Equities, while EXUS.L is Global Equities. XDWU.L tracks MSCI World/Utilities NR USD, while EXUS.L tracks MSCI World ex USA index. Their fees differ too: 0.25% for XDWU.L and 0.15% for EXUS.L.