XESE.L vs. XMWX.L
XESE.L (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and XMWX.L (Xtrackers MSCI World ex USA UCITS ETF 1C) are both exchange-traded funds - XESE.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while XMWX.L is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Index. Both are passively managed. Over the past year, XESE.L returned 28.43% vs 29.53% for XMWX.L. A 0.51 correlation means they provide meaningful diversification when combined. XESE.L charges 0.25%/yr vs 0.15%/yr for XMWX.L.
Performance
XESE.L vs. XMWX.L - Performance Comparison
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Different Trading Currencies
XESE.L is traded in GBP, while XMWX.L is traded in USD. To make them comparable, the XMWX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XESE.L having a 12.35% return and XMWX.L slightly higher at 12.55%.
XESE.L
- 1D
- -0.29%
- 1M
- 3.62%
- YTD
- 12.35%
- 6M
- 13.13%
- 1Y
- 28.43%
- 3Y*
- 15.76%
- 5Y*
- 3.16%
- 10Y*
- —
XMWX.L
- 1D
- 0.00%
- 1M
- 3.71%
- YTD
- 12.55%
- 6M
- 13.10%
- 1Y
- 29.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XESE.L vs. XMWX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XESE.L Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 12.35% | 22.03% | 5.61% |
XMWX.L Xtrackers MSCI World ex USA UCITS ETF 1C | 12.55% | 14.39% | -20.44% |
Correlation
The correlation between XESE.L and XMWX.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2024 | 0.51 |
The correlation between XESE.L and XMWX.L has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
XESE.L vs. XMWX.L — Risk / Return Rank
XESE.L
XMWX.L
XESE.L vs. XMWX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) and Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.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.
| XESE.L | XMWX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.20 | +1.44 |
| Martin ratioReturn relative to average drawdown | 8.09 | 1.75 | +6.34 |
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Drawdowns
XESE.L vs. XMWX.L - Drawdown Comparison
The maximum XESE.L drawdown since its inception was -37.68%, which is greater than XMWX.L's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for XESE.L and XMWX.L.
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Drawdown Indicators
| XESE.L | XMWX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -27.25% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -24.56% | +13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | — | — |
Current DrawdownCurrent decline from peak | -5.07% | -14.03% | +8.96% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -19.84% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 16.89% | -13.38% |
Volatility
XESE.L vs. XMWX.L - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) has a higher volatility of 8.96% compared to Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.L) at 3.43%. This indicates that XESE.L's price experiences larger fluctuations and is considered to be riskier than XMWX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XESE.L | XMWX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 3.43% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 10.60% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 43.39% | -25.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 37.78% | -19.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 37.78% | -19.33% |
XESE.L vs. XMWX.L - Expense Ratio Comparison
XESE.L has a 0.25% expense ratio, which is higher than XMWX.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
XESE.L vs. XMWX.L - Dividend Comparison
Neither XESE.L nor XMWX.L has paid dividends to shareholders.
Frequently Asked Questions
XESE.L and XMWX.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWX.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XESE.L.
XESE.L is categorized as Emerging Markets Equities, while XMWX.L is Foreign Large Cap Equities. XESE.L tracks MSCI EM NR USD, while XMWX.L tracks MSCI World ex USA Index. Their fees differ too: 0.25% for XESE.L and 0.15% for XMWX.L.
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