XESE.L vs. XXTW.L

Last updated Jun 25, 2026

XESE.L (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and XXTW.L (Xtrackers MSCI World Information Technology UCITS ETF) are both exchange-traded funds - XESE.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while XXTW.L is a Technology Equities fund tracking the MSCI World Information Technology 20/35 Custom index. Both are passively managed. Over the past 5 years, XESE.L returned 3.16%/yr vs 12.71%/yr for XXTW.L. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

XESE.L vs. XXTW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) and Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XESE.L achieves a 12.35% return, which is significantly lower than XXTW.L's 20.65% return.

XESE.L

• 1D: -0.29%
• 1M: 3.62%
• YTD: 12.35%
• 6M: 13.13%
• 1Y: 28.43%
• 3Y*: 15.76%
• 5Y*: 3.16%
• 10Y*: —

XXTW.L

• 1D: 0.00%
• 1M: 1.79%
• YTD: 20.65%
• 6M: 20.72%
• 1Y: 44.05%
• 3Y*: 18.84%
• 5Y*: 12.71%
• 10Y*: 20.88%

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

XESE.L vs. XXTW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XESE.L Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C	12.35%	22.03%	12.08%	-1.92%	-11.39%	-8.77%	17.22%
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF	20.65%	13.82%	36.21%	21.01%	-30.86%	29.69%	32.10%

Correlation

The correlation between XESE.L and XXTW.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 16, 2020	0.42

The correlation between XESE.L and XXTW.L shifts across timeframes, from 0.42 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XESE.L vs. XXTW.L — Risk / Return Rank

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

XESE.L

XESE.L Risk / Return Rank: 55
XESE.L Sharpe Ratio Rank: 54
XESE.L Sortino Ratio Rank: 51
XESE.L Omega Ratio Rank: 54
XESE.L Calmar Ratio Rank: 62
XESE.L Martin Ratio Rank: 53

XXTW.L

XXTW.L Risk / Return Rank: 36
XXTW.L Sharpe Ratio Rank: 28
XXTW.L Sortino Ratio Rank: 35
XXTW.L Omega Ratio Rank: 67
XXTW.L Calmar Ratio Rank: 28
XXTW.L Martin Ratio Rank: 20

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.

XESE.L vs. XXTW.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 Information Technology UCITS ETF (XXTW.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	XXTW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	0.93	+0.68
Sortino ratio: Return per unit of downside risk	2.18	1.71	+0.47
Omega ratio: Gain probability vs. loss probability	1.29	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.64	1.28	+1.36
Martin ratio: Return relative to average drawdown	8.09	2.16	+5.93

XESE.L vs. XXTW.L - Sharpe Ratio Comparison

The current XESE.L Sharpe Ratio is 1.61, which is higher than the XXTW.L Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of XESE.L and XXTW.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.

Drawdowns

XESE.L vs. XXTW.L - Drawdown Comparison

The maximum XESE.L drawdown since its inception was -37.68%, roughly equal to the maximum XXTW.L drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for XESE.L and XXTW.L.

Drawdown Indicators

	XESE.L	XXTW.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.68%	-36.07%	-1.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-34.41%	+23.70%
Max Drawdown (3Y) Largest decline over 3 years	-16.88%	-34.41%	+17.53%
Max Drawdown (5Y) Largest decline over 5 years	-32.20%	-36.07%	+3.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.07%	—
Current Drawdown Current decline from peak	-5.07%	-11.52%	+6.45%
Average Drawdown Average peak-to-trough decline	-18.30%	-7.18%	-11.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	20.41%	-16.90%

Volatility

XESE.L vs. XXTW.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 Information Technology UCITS ETF (XXTW.L) at 8.53%. This indicates that XESE.L's price experiences larger fluctuations and is considered to be riskier than XXTW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XESE.L	XXTW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.96%	8.53%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	15.70%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	47.23%	-29.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	31.59%	-13.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.45%	27.34%	-8.89%

XESE.L vs. XXTW.L - Expense Ratio Comparison

Both XESE.L and XXTW.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XESE.L vs. XXTW.L - Dividend Comparison

Neither XESE.L nor XXTW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XESE.L and XXTW.L in my portfolio?

XESE.L and XXTW.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XESE.L or XXTW.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XESE.L or XXTW.L?

XESE.L and XXTW.L have the same expense ratio: 0.25% per year.

What is the main difference between XESE.L and XXTW.L?

XESE.L is categorized as Emerging Markets Equities, while XXTW.L is Technology Equities. XESE.L tracks MSCI EM NR USD, while XXTW.L tracks MSCI World Information Technology 20/35 Custom index.