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XMWD.L vs. XDEQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMWD.L vs. XDEQ.L

Last updated Jun 5, 2026

XMWD.L (Xtrackers MSCI World Swap UCITS ETF 1C) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both Global Equities funds from Xtrackers tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XMWD.L returned 13.01%/yr vs 12.97%/yr for XDEQ.L. A 0.63 correlation means they provide meaningful diversification when combined. XMWD.L charges 0.45%/yr vs 0.25%/yr for XDEQ.L.

Performance

XMWD.L vs. XDEQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Swap UCITS ETF 1C (XMWD.L) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XMWD.L achieves a 9.93% return, which is significantly higher than XDEQ.L's 8.37% return. Both investments have delivered pretty close results over the past 10 years, with XMWD.L having a 13.01% annualized return and XDEQ.L not far behind at 12.97%.

XMWD.L

1D
0.03%
1M
4.02%
YTD
9.93%
6M
10.99%
1Y
25.86%
3Y*
20.70%
5Y*
11.74%
10Y*
13.01%

XDEQ.L

1D
0.97%
1M
3.67%
YTD
8.37%
6M
10.00%
1Y
21.10%
3Y*
18.26%
5Y*
10.38%
10Y*
12.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMWD.L vs. XDEQ.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMWD.L
Xtrackers MSCI World Swap UCITS ETF 1C		9.93%21.37%18.35%23.76%-17.92%22.03%16.04%28.32%-9.21%22.09%
XDEQ.L
Xtrackers MSCI World Quality Factor UCITS ETF 1C		8.37%15.63%16.92%25.51%-19.12%23.44%15.50%34.70%-10.09%22.66%

Correlation

The correlation between XMWD.L and XDEQ.L is 0.86, 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

0.86

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 22, 2014

0.63

Over the past year, XMWD.L and XDEQ.L have become more correlated (0.86) than their long-term average of 0.63, meaning their price movements have been converging.

XMWD.L vs. XDEQ.L - Sectors Allocation Comparison

Sectors
XMWD.L
XDEQ.L

Technology

28.3%
30.4%

Financial Services

15.7%
14.7%

Industrials

11.4%
10.1%

Consumer Cyclical

9.3%
8.9%

Communication Services

9.3%
9.1%

Healthcare

8.8%
9.2%

Consumer Defensive

5.2%
5.3%

Energy

4.2%
4.6%

Basic Materials

3.3%
3.2%

Utilities

2.7%
2.7%

Real Estate

1.9%
1.7%

Technology

XMWD.L
28.3%
XDEQ.L
30.4%

Financial Services

XMWD.L
15.7%
XDEQ.L
14.7%

Industrials

XMWD.L
11.4%
XDEQ.L
10.1%

Consumer Cyclical

XMWD.L
9.3%
XDEQ.L
8.9%

Communication Services

XMWD.L
9.3%
XDEQ.L
9.1%

Healthcare

XMWD.L
8.8%
XDEQ.L
9.2%

Consumer Defensive

XMWD.L
5.2%
XDEQ.L
5.3%

Energy

XMWD.L
4.2%
XDEQ.L
4.6%

Basic Materials

XMWD.L
3.3%
XDEQ.L
3.2%

Utilities

XMWD.L
2.7%
XDEQ.L
2.7%

Real Estate

XMWD.L
1.9%
XDEQ.L
1.7%

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Xtrackers MSCI World Swap UCITS ETF 1C

Xtrackers MSCI World Quality Factor UCITS ETF 1C

Often compared with XMWD.L:
XMWD.L vs. VXUSXMWD.L vs. ACWI.LXMWD.L vs. XLKQ.LXMWD.L vs. SWDA.LXMWD.L vs. PHPP.LXMWD.L vs. BATG.LXMWD.L vs. GLD
Often compared with XDEQ.L:
XDEQ.L vs. IWQU.LXDEQ.L vs. VWCE.DEXDEQ.L vs. SWDA.LXDEQ.L vs. SPYXDEQ.L vs. XDEV.LXDEQ.L vs. GGRG.LXDEQ.L vs. HSJP.L

Return for Risk

XMWD.L vs. XDEQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMWD.L
XMWD.L Risk / Return Rank: 6868
Overall Rank
XMWD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XMWD.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
XMWD.L Omega Ratio Rank: 6767
Omega Ratio Rank
XMWD.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
XMWD.L Martin Ratio Rank: 7171
Martin Ratio Rank
XDEQ.L
XDEQ.L Risk / Return Rank: 7070
Overall Rank
XDEQ.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
XDEQ.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
XDEQ.L Omega Ratio Rank: 7373
Omega Ratio Rank
XDEQ.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
XDEQ.L Martin Ratio Rank: 7272
Martin Ratio Rank
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.

XMWD.L vs. XDEQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF 1C (XMWD.L) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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.

XMWD.LXDEQ.LDifference
Sharpe ratioReturn per unit of total volatility
2.17
1.92

+0.25

Sortino ratioReturn per unit of downside risk
3.24
2.91

+0.34

Omega ratioGain probability vs. loss probability

1.40

1.34

+0.05

Calmar ratioReturn relative to maximum drawdown

3.03

2.39

+0.64

Martin ratioReturn relative to average drawdown

13.02

10.20

+2.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMWD.L vs. XDEQ.L - Sharpe Ratio Comparison

The current XMWD.L Sharpe Ratio is 2.17, which is comparable to the XDEQ.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of XMWD.L and XDEQ.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.

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Sharpe Ratios by Period

XMWD.LXDEQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

1.92

+0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.69

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.98

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.98

-0.54

Drawdowns

XMWD.L vs. XDEQ.L - Drawdown Comparison

The maximum XMWD.L drawdown since its inception was -56.59%, which is greater than XDEQ.L's maximum drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for XMWD.L and XDEQ.L.

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Drawdown Indicators

XMWD.LXDEQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.59%

-32.05%

-24.54%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-8.79%

+0.29%

Max Drawdown (3Y)

Largest decline over 3 years

-17.55%

-16.64%

-0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-25.94%

-28.33%

+2.39%

Max Drawdown (10Y)

Largest decline over 10 years

-34.04%

-32.05%

-1.99%

Current Drawdown

Current decline from peak

-0.44%

0.00%

-0.44%

Average Drawdown

Average peak-to-trough decline

-7.96%

-5.29%

-2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

2.06%

-0.08%

Volatility

XMWD.L vs. XDEQ.L - Volatility Comparison

Xtrackers MSCI World Swap UCITS ETF 1C (XMWD.L) has a higher volatility of 3.41% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.68%. This indicates that XMWD.L's price experiences larger fluctuations and is considered to be riskier than XDEQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMWD.LXDEQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

2.68%

+0.73%

Volatility (6M)

Calculated over the trailing 6-month period

9.13%

8.35%

+0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

11.86%

10.98%

+0.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.17%

15.32%

+0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

18.28%

-1.58%

XMWD.L vs. XDEQ.L - Expense Ratio Comparison

XMWD.L has a 0.45% expense ratio, which is higher than XDEQ.L's 0.25% expense ratio.

Dividends

XMWD.L vs. XDEQ.L - Dividend Comparison

Neither XMWD.L nor XDEQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

XMWD.L and XDEQ.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDEQ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDEQ.L is cheaper with a 0.25% expense ratio, compared with 0.45% for XMWD.L.

Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.45% for XMWD.L and 0.25% for XDEQ.L.

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