XGES.L vs. DRDR.L
XGES.L (Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C) and DRDR.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) are both Health & Biotech Equities funds tracking the MSCI World/Health Care NR USD, from DWS and iShares respectively. Both are passively managed. Over the past 3 years, XGES.L returned 1.51%/yr vs 3.43%/yr for DRDR.L. Their correlation of 0.92 suggests significant overlap in exposure. XGES.L charges 0.35%/yr vs 0.40%/yr for DRDR.L.
Performance
XGES.L vs. DRDR.L - Performance Comparison
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Different Trading Currencies
XGES.L is traded in GBP, while DRDR.L is traded in GBp. To make them comparable, the DRDR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGES.L achieves a -0.81% return, which is significantly lower than DRDR.L's 1.01% return.
XGES.L
- 1D
- 4.22%
- 1M
- 6.75%
- YTD
- -0.81%
- 6M
- -4.42%
- 1Y
- 26.00%
- 3Y*
- 1.51%
- 5Y*
- —
- 10Y*
- —
DRDR.L
- 1D
- 3.48%
- 1M
- 6.16%
- YTD
- 1.01%
- 6M
- -0.48%
- 1Y
- 21.74%
- 3Y*
- 3.43%
- 5Y*
- -0.91%
- 10Y*
- —
XGES.L vs. DRDR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGES.L Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C | -0.81% | 11.22% | -1.38% | -7.92% | -8.46% |
DRDR.L iShares Healthcare Innovation UCITS ETF USD (Acc) | 1.01% | 10.25% | 2.62% | -2.51% | -3.77% |
Correlation
The correlation between XGES.L and DRDR.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.92 |
The correlation between XGES.L and DRDR.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
XGES.L vs. DRDR.L — Risk / Return Rank
XGES.L
DRDR.L
XGES.L vs. DRDR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C (XGES.L) and iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.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.
| XGES.L | DRDR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.73 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.09 | 4.35 | -0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XGES.L | DRDR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.39 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.34 | -0.47 |
Drawdowns
XGES.L vs. DRDR.L - Drawdown Comparison
The maximum XGES.L drawdown since its inception was -35.79%, smaller than the maximum DRDR.L drawdown of -38.49%. Use the drawdown chart below to compare losses from any high point for XGES.L and DRDR.L.
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Drawdown Indicators
| XGES.L | DRDR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.79% | -38.49% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -12.51% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -25.52% | -22.38% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.81% | — |
Current DrawdownCurrent decline from peak | -12.59% | -16.88% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -17.98% | -15.17% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 4.98% | +1.36% |
Volatility
XGES.L vs. DRDR.L - Volatility Comparison
Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF 1C (XGES.L) has a higher volatility of 6.45% compared to iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) at 4.79%. This indicates that XGES.L's price experiences larger fluctuations and is considered to be riskier than DRDR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGES.L | DRDR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 4.79% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 11.52% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 15.56% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 17.52% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 18.58% | -0.31% |
XGES.L vs. DRDR.L - Expense Ratio Comparison
XGES.L has a 0.35% expense ratio, which is lower than DRDR.L's 0.40% expense ratio.
Dividends
XGES.L vs. DRDR.L - Dividend Comparison
Neither XGES.L nor DRDR.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, XGES.L and DRDR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGES.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGES.L is cheaper with a 0.35% expense ratio, compared with 0.40% for DRDR.L.
Both ETFs track MSCI World/Health Care NR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.35% for XGES.L and 0.40% for DRDR.L.
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