XMME.L vs. SWDA.L

Last updated Jun 16, 2026

XMME.L (Xtrackers MSCI Emerging Markets UCITS ETF 1C) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - XMME.L is a Emerging Markets Equities fund tracking the MSCI Total Return Net Emerging Markets Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, XMME.L returned 7.86%/yr vs 11.85%/yr for SWDA.L. A 0.69 correlation means they provide meaningful diversification when combined. XMME.L charges 0.18%/yr vs 0.20%/yr for SWDA.L.

Performance

XMME.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XMME.L achieves a 28.43% return, which is significantly higher than SWDA.L's 9.83% return.

XMME.L

• 1D: 2.93%
• 1M: 7.15%
• YTD: 28.43%
• 6M: 30.52%
• 1Y: 52.16%
• 3Y*: 22.98%
• 5Y*: 7.86%
• 10Y*: —

SWDA.L

• 1D: 1.37%
• 1M: 2.34%
• YTD: 9.83%
• 6M: 10.89%
• 1Y: 25.69%
• 3Y*: 19.48%
• 5Y*: 11.85%
• 10Y*: 13.39%

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

XMME.L vs. SWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMME.L Xtrackers MSCI Emerging Markets UCITS ETF 1C	28.43%	33.79%	7.37%	9.61%	-20.77%	-2.81%	18.46%	17.19%	-13.78%	16.30%
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	9.83%	21.14%	19.09%	23.79%	-18.13%	22.52%	15.68%	27.97%	-9.23%	10.64%

Correlation

The correlation between XMME.L and SWDA.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 21, 2017	0.69

The correlation between XMME.L and SWDA.L has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

XMME.L vs. SWDA.L - Sectors Allocation Comparison

Sectors	XMME.L	SWDA.L
Technology	36.9%	32.1%
Financial Services	19.5%	14.9%
Consumer Cyclical	9.6%	8.9%
Industrials	7.4%	10.9%
Communication Services	7.0%	8.6%
Basic Materials	6.5%	3.3%
Energy	4.1%	4.0%
Consumer Defensive	3.0%	4.8%
Healthcare	2.9%	8.4%
Utilities	2.1%	2.4%
Real Estate	1.1%	1.7%

Return for Risk

XMME.L vs. SWDA.L — Risk / Return Rank

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

XMME.L

XMME.L Risk / Return Rank: 83
XMME.L Sharpe Ratio Rank: 86
XMME.L Sortino Ratio Rank: 83
XMME.L Omega Ratio Rank: 84
XMME.L Calmar Ratio Rank: 82
XMME.L Martin Ratio Rank: 79

SWDA.L

SWDA.L Risk / Return Rank: 87
SWDA.L Sharpe Ratio Rank: 88
SWDA.L Sortino Ratio Rank: 88
SWDA.L Omega Ratio Rank: 88
SWDA.L Calmar Ratio Rank: 84
SWDA.L Martin Ratio Rank: 86

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.

XMME.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.

	XMME.L	SWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.18	+0.34
Sortino ratio: Return per unit of downside risk	3.34	3.23	+0.12
Omega ratio: Gain probability vs. loss probability	1.46	1.39	+0.07
Calmar ratio: Return relative to maximum drawdown	4.01	2.98	+1.03
Martin ratio: Return relative to average drawdown	13.94	12.84	+1.10

XMME.L vs. SWDA.L - Sharpe Ratio Comparison

The current XMME.L Sharpe Ratio is 2.53, which is comparable to the SWDA.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of XMME.L and SWDA.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

XMME.L vs. SWDA.L - Drawdown Comparison

The maximum XMME.L drawdown since its inception was -40.28%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for XMME.L and SWDA.L.

Drawdown Indicators

	XMME.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.28%	-45.69%	+5.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.95%	-8.59%	-4.36%
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	-17.07%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-37.33%	-26.50%	-10.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.61%	—
Current Drawdown Current decline from peak	-1.28%	-0.40%	-0.88%
Average Drawdown Average peak-to-trough decline	-15.37%	-11.21%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	1.99%	+1.73%

Volatility

XMME.L vs. SWDA.L - Volatility Comparison

Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.L) has a higher volatility of 8.91% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 3.53%. This indicates that XMME.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMME.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	3.53%	+5.38%
Volatility (6M) Calculated over the trailing 6-month period	18.14%	9.02%	+9.12%
Volatility (1Y) Calculated over the trailing 1-year period	20.57%	11.73%	+8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	15.36%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.01%	15.83%	+4.18%

XMME.L vs. SWDA.L - Expense Ratio Comparison

XMME.L has a 0.18% expense ratio, which is lower than SWDA.L's 0.20% 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

XMME.L vs. SWDA.L - Dividend Comparison

Neither XMME.L nor SWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XMME.L and SWDA.L in my portfolio?

XMME.L and SWDA.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMME.L or SWDA.L?

On fees, XMME.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMME.L or SWDA.L?

XMME.L is cheaper with a 0.18% expense ratio, compared with 0.20% for SWDA.L.

What is the main difference between XMME.L and SWDA.L?

XMME.L is categorized as Emerging Markets Equities, while SWDA.L is Global Equities. XMME.L tracks MSCI Total Return Net Emerging Markets Index, while SWDA.L tracks MSCI World Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XMME.L and 0.20% for SWDA.L.