XLV vs. XDWI.L

Last updated Jun 9, 2026

XLV (State Street Health Care Select Sector SPDR ETF) and XDWI.L (Xtrackers MSCI World Industrials UCITS ETF 1C) are both exchange-traded funds - XLV is a Health & Biotech Equities fund tracking the Health Care Select Sector Index, while XDWI.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 10 years, XLV returned 9.65%/yr vs 12.30%/yr for XDWI.L. At a 0.43 correlation, their price movements are largely independent. XLV charges 0.08%/yr vs 0.25%/yr for XDWI.L.

Performance

XLV vs. XDWI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Health Care Select Sector SPDR ETF (XLV) and Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLV achieves a -0.98% return, which is significantly lower than XDWI.L's 10.03% return. Over the past 10 years, XLV has underperformed XDWI.L with an annualized return of 9.65%, while XDWI.L has yielded a comparatively higher 12.30% annualized return.

XLV

• 1D: -0.24%
• 1M: 6.38%
• YTD: -0.98%
• 6M: 1.65%
• 1Y: 15.62%
• 3Y*: 7.16%
• 5Y*: 6.05%
• 10Y*: 9.65%

XDWI.L

• 1D: -0.66%
• 1M: -1.57%
• YTD: 10.03%
• 6M: 11.71%
• 1Y: 20.33%
• 3Y*: 20.58%
• 5Y*: 11.29%
• 10Y*: 12.30%

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

XLV vs. XDWI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLV State Street Health Care Select Sector SPDR ETF	-0.98%	14.50%	2.47%	2.07%	-2.08%	26.04%	13.30%	20.45%	6.28%	21.77%
XDWI.L Xtrackers MSCI World Industrials UCITS ETF 1C	10.03%	25.51%	13.06%	23.32%	-12.72%	16.09%	11.85%	27.17%	-14.44%	24.79%

Correlation

The correlation between XLV and XDWI.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 23, 2010	0.43

The correlation between XLV and XDWI.L shifts across timeframes, from 0.23 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

XLV vs. XDWI.L - Sectors Allocation Comparison

Sectors	XLV	XDWI.L
Healthcare	100.0%	-
Basic Materials	-	0.1%
Communication Services	-	0.6%
Consumer Cyclical	-	0.3%
Consumer Defensive	-	0.1%
Energy	-	-
Financial Services	-	0.3%
Industrials	-	95.1%
Real Estate	-	0.0%
Technology	-	3.5%
Utilities	-	2.8%

Return for Risk

XLV vs. XDWI.L — Risk / Return Rank

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

XLV

XLV Risk / Return Rank: 32
XLV Sharpe Ratio Rank: 32
XLV Sortino Ratio Rank: 34
XLV Omega Ratio Rank: 31
XLV Calmar Ratio Rank: 33
XLV Martin Ratio Rank: 28

XDWI.L

XDWI.L Risk / Return Rank: 42
XDWI.L Sharpe Ratio Rank: 40
XDWI.L Sortino Ratio Rank: 44
XDWI.L Omega Ratio Rank: 40
XDWI.L Calmar Ratio Rank: 40
XDWI.L Martin Ratio Rank: 46

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.

XLV vs. XDWI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Health Care Select Sector SPDR ETF (XLV) and Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.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.

	XLV	XDWI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.28	-0.23
Sortino ratio: Return per unit of downside risk	1.68	2.01	-0.33
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.50	1.79	-0.30
Martin ratio: Return relative to average drawdown	3.60	6.81	-3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLV vs. XDWI.L - Sharpe Ratio Comparison

The current XLV Sharpe Ratio is 1.05, which is comparable to the XDWI.L Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of XLV and XDWI.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

	XLV	XDWI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.28	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.66	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.69	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.64	-0.17

Drawdowns

XLV vs. XDWI.L - Drawdown Comparison

The maximum XLV drawdown since its inception was -39.17%, roughly equal to the maximum XDWI.L drawdown of -38.92%. Use the drawdown chart below to compare losses from any high point for XLV and XDWI.L.

Drawdown Indicators

	XLV	XDWI.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.17%	-38.92%	-0.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-11.28%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-17.11%	-15.25%	-1.86%
Max Drawdown (5Y) Largest decline over 5 years	-17.11%	-27.26%	+10.15%
Max Drawdown (10Y) Largest decline over 10 years	-28.40%	-38.92%	+10.52%
Current Drawdown Current decline from peak	-4.32%	-3.29%	-1.03%
Average Drawdown Average peak-to-trough decline	-7.12%	-5.68%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	2.98%	+1.37%

Volatility

XLV vs. XDWI.L - Volatility Comparison

State Street Health Care Select Sector SPDR ETF (XLV) has a higher volatility of 5.02% compared to Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.L) at 4.56%. This indicates that XLV's price experiences larger fluctuations and is considered to be riskier than XDWI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLV	XDWI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	4.56%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	13.32%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	15.89%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.76%	17.14%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	17.73%	-1.15%

XLV vs. XDWI.L - Expense Ratio Comparison

XLV has a 0.08% expense ratio, which is lower than XDWI.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

XLV vs. XDWI.L - Dividend Comparison

XLV's dividend yield for the trailing twelve months is around 1.64%, while XDWI.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDWI.L Xtrackers MSCI World Industrials UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLV State Street Health Care Select Sector SPDR ETF	1.64%	1.60%	1.67%	1.59%	1.47%	1.33%	1.49%	2.17%	1.57%	1.47%	1.60%	1.43%

Frequently Asked Questions

Can I hold both XLV and XDWI.L in my portfolio?

XLV and XDWI.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLV or XDWI.L?

On fees, XLV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLV or XDWI.L?

XLV is cheaper with a 0.08% expense ratio, compared with 0.25% for XDWI.L.

What is the main difference between XLV and XDWI.L?

XLV is categorized as Health & Biotech Equities, while XDWI.L is Industrials Equities. XLV tracks Health Care Select Sector Index, while XDWI.L tracks MSCI World/Materials NR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.08% for XLV and 0.25% for XDWI.L.