XLPP.L vs. XDWS.L

Last updated Jun 5, 2026

XLPP.L (Invesco US Consumer Staples Sector UCITS ETF) and XDWS.L (Xtrackers MSCI World Consumer Staples UCITS ETF 1C) are both Consumer Staples Equities funds tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 10 years, XLPP.L returned 8.36%/yr vs 6.38%/yr for XDWS.L. Their correlation of 0.83 suggests significant overlap in exposure. XLPP.L charges 0.14%/yr vs 0.25%/yr for XDWS.L.

Performance

XLPP.L vs. XDWS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Consumer Staples Sector UCITS ETF (XLPP.L) and Xtrackers MSCI World Consumer Staples UCITS ETF 1C (XDWS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLPP.L is traded in GBp, while XDWS.L is traded in USD. To make them comparable, the XDWS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLPP.L achieves a 6.46% return, which is significantly higher than XDWS.L's 3.85% return. Over the past 10 years, XLPP.L has outperformed XDWS.L with an annualized return of 8.36%, while XDWS.L has yielded a comparatively lower 6.38% annualized return.

XLPP.L

• 1D: 0.10%
• 1M: -1.92%
• YTD: 6.46%
• 6M: 6.19%
• 1Y: 3.14%
• 3Y*: 5.55%
• 5Y*: 7.90%
• 10Y*: 8.36%

XDWS.L

• 1D: 0.00%
• 1M: -1.71%
• YTD: 3.85%
• 6M: 3.28%
• 1Y: 1.92%
• 3Y*: 3.55%
• 5Y*: 5.12%
• 10Y*: 6.38%

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

XLPP.L vs. XDWS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLPP.L Invesco US Consumer Staples Sector UCITS ETF	6.46%	-2.88%	15.99%	-5.68%	11.45%	19.81%	5.47%	22.94%	-4.14%	2.23%
XDWS.L Xtrackers MSCI World Consumer Staples UCITS ETF 1C	3.70%	1.52%	7.53%	-3.13%	6.03%	13.91%	4.58%	17.66%	-4.77%	6.95%

Correlation

The correlation between XLPP.L and XDWS.L is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 29, 2016	0.83

The correlation between XLPP.L and XDWS.L has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

XLPP.L vs. XDWS.L - Sectors Allocation Comparison

Sectors	XLPP.L	XDWS.L
Consumer Cyclical	98.8%	2.2%
Technology	1.0%	-
Industrials	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	97.3%
Energy	-	-
Financial Services	-	0.2%
Healthcare	-	0.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

XLPP.L vs. XDWS.L — Risk / Return Rank

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

XLPP.L

XLPP.L Risk / Return Rank: 12
XLPP.L Sharpe Ratio Rank: 13
XLPP.L Sortino Ratio Rank: 12
XLPP.L Omega Ratio Rank: 12
XLPP.L Calmar Ratio Rank: 13
XLPP.L Martin Ratio Rank: 13

XDWS.L

XDWS.L Risk / Return Rank: 10
XDWS.L Sharpe Ratio Rank: 10
XDWS.L Sortino Ratio Rank: 9
XDWS.L Omega Ratio Rank: 9
XDWS.L Calmar Ratio Rank: 10
XDWS.L Martin Ratio Rank: 10

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.

XLPP.L vs. XDWS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Consumer Staples Sector UCITS ETF (XLPP.L) and Xtrackers MSCI World Consumer Staples UCITS ETF 1C (XDWS.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.

	XLPP.L	XDWS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.15	+0.07
Sortino ratio: Return per unit of downside risk	0.42	0.29	+0.13
Omega ratio: Gain probability vs. loss probability	1.05	1.03	+0.01
Calmar ratio: Return relative to maximum drawdown	0.33	0.20	+0.13
Martin ratio: Return relative to average drawdown	0.81	0.47	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLPP.L vs. XDWS.L - Sharpe Ratio Comparison

The current XLPP.L Sharpe Ratio is 0.22, which is higher than the XDWS.L Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of XLPP.L and XDWS.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

	XLPP.L	XDWS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	0.15	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.43	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.48	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.48	+0.24

Drawdowns

XLPP.L vs. XDWS.L - Drawdown Comparison

The maximum XLPP.L drawdown since its inception was -18.86%, roughly equal to the maximum XDWS.L drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for XLPP.L and XDWS.L.

Drawdown Indicators

	XLPP.L	XDWS.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.86%	-18.64%	-0.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-9.40%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	-9.40%	-2.22%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-11.29%	-2.43%
Max Drawdown (10Y) Largest decline over 10 years	-18.86%	-18.64%	-0.22%
Current Drawdown Current decline from peak	-7.49%	-8.37%	+0.88%
Average Drawdown Average peak-to-trough decline	-4.55%	-4.12%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	4.03%	-0.15%

Volatility

XLPP.L vs. XDWS.L - Volatility Comparison

Invesco US Consumer Staples Sector UCITS ETF (XLPP.L) has a higher volatility of 6.28% compared to Xtrackers MSCI World Consumer Staples UCITS ETF 1C (XDWS.L) at 5.02%. This indicates that XLPP.L's price experiences larger fluctuations and is considered to be riskier than XDWS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLPP.L	XDWS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	5.02%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	10.86%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	12.89%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	12.05%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	13.38%	+1.05%

XLPP.L vs. XDWS.L - Expense Ratio Comparison

XLPP.L has a 0.14% expense ratio, which is lower than XDWS.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLPP.L vs. XDWS.L - Dividend Comparison

Neither XLPP.L nor XDWS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLPP.L and XDWS.L in my portfolio?

XLPP.L and XDWS.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLPP.L or XDWS.L?

On fees, XLPP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLPP.L or XDWS.L?

XLPP.L is cheaper with a 0.14% expense ratio, compared with 0.25% for XDWS.L.

What is the main difference between XLPP.L and XDWS.L?

Both ETFs track Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.14% for XLPP.L and 0.25% for XDWS.L.