XMWX.L vs. ESIT.L
XMWX.L (Xtrackers MSCI World ex USA UCITS ETF 1C) and ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) are both exchange-traded funds - XMWX.L is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Index, while ESIT.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, XMWX.L returned 26.45% vs 53.25% for ESIT.L. A 0.63 correlation means they provide meaningful diversification when combined. XMWX.L charges 0.15%/yr vs 0.18%/yr for ESIT.L.
Performance
XMWX.L vs. ESIT.L - Performance Comparison
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Different Trading Currencies
XMWX.L is traded in USD, while ESIT.L is traded in GBP. To make them comparable, the ESIT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMWX.L achieves a 10.31% return, which is significantly lower than ESIT.L's 41.99% return.
XMWX.L
- 1D
- 0.00%
- 1M
- 1.33%
- YTD
- 10.31%
- 6M
- 10.58%
- 1Y
- 26.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIT.L
- 1D
- 0.97%
- 1M
- 0.10%
- YTD
- 41.99%
- 6M
- 42.48%
- 1Y
- 53.25%
- 3Y*
- 25.70%
- 5Y*
- 12.27%
- 10Y*
- —
XMWX.L vs. ESIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMWX.L Xtrackers MSCI World ex USA UCITS ETF 1C | 10.31% | 23.16% | -24.90% |
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 41.99% | 23.39% | -8.15% |
Correlation
The correlation between XMWX.L and ESIT.L is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2024 | 0.63 |
The correlation between XMWX.L and ESIT.L has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
XMWX.L vs. ESIT.L — Risk / Return Rank
XMWX.L
ESIT.L
XMWX.L vs. ESIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.L) and iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.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.
| XMWX.L | ESIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 3.57 | -2.53 |
| Martin ratioReturn relative to average drawdown | 1.60 | 9.62 | -8.02 |
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Drawdowns
XMWX.L vs. ESIT.L - Drawdown Comparison
The maximum XMWX.L drawdown since its inception was -29.33%, smaller than the maximum ESIT.L drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for XMWX.L and ESIT.L.
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Drawdown Indicators
| XMWX.L | ESIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.33% | -48.43% | +19.10% |
Max Drawdown (1Y)Largest decline over 1 year | -25.65% | -14.86% | -10.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.43% | — |
Current DrawdownCurrent decline from peak | -14.70% | -6.43% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -20.00% | -14.42% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.49% | 5.52% | +10.97% |
Volatility
XMWX.L vs. ESIT.L - Volatility Comparison
The current volatility for Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.L) is 3.19%, while iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) has a volatility of 10.12%. This indicates that XMWX.L experiences smaller price fluctuations and is considered to be less risky than ESIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMWX.L | ESIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 10.12% | -6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 22.50% | -12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 26.84% | +16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.27% | 29.19% | +8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.27% | 28.81% | +8.46% |
XMWX.L vs. ESIT.L - Expense Ratio Comparison
XMWX.L has a 0.15% expense ratio, which is lower than ESIT.L's 0.18% 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
XMWX.L vs. ESIT.L - Dividend Comparison
Neither XMWX.L nor ESIT.L has paid dividends to shareholders.
Frequently Asked Questions
XMWX.L and ESIT.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWX.L is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIT.L.
XMWX.L is categorized as Foreign Large Cap Equities, while ESIT.L is Technology Equities. XMWX.L tracks MSCI World ex USA Index, while ESIT.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XMWX.L and 0.18% for ESIT.L.
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