XNAQ.L vs. XDWU.L

Last updated Jul 16, 2026

XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) and XDWU.L (Xtrackers MSCI World Utilities UCITS ETF 1C) are both exchange-traded funds - XNAQ.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD, while XDWU.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 5 years, XNAQ.L returned 15.89%/yr vs 10.20%/yr for XDWU.L. At a 0.21 correlation, their price movements are largely independent. XNAQ.L charges 0.20%/yr vs 0.25%/yr for XDWU.L.

Performance

XNAQ.L vs. XDWU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) and Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNAQ.L is traded in GBP, while XDWU.L is traded in USD. To make them comparable, the XDWU.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, XNAQ.L achieves a 15.61% return, which is significantly higher than XDWU.L's 9.01% return.

XNAQ.L

• 1D: -1.38%
• 1M: -3.95%
• 6M: 15.61%
• YTD: 15.61%
• 1Y: 27.49%
• 3Y*: 22.74%
• 5Y*: 15.89%
• 10Y*: —

XDWU.L

• 1D: -1.34%
• 1M: 1.49%
• 6M: 7.88%
• YTD: 9.01%
• 1Y: 17.82%
• 3Y*: 14.20%
• 5Y*: 10.20%
• 10Y*: 8.44%

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

XNAQ.L vs. XDWU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C	15.61%	11.72%	28.64%	47.82%	-25.44%	-8.88%
XDWU.L Xtrackers MSCI World Utilities UCITS ETF 1C	9.01%	16.42%	15.21%	-4.70%	7.90%	9.61%

Correlation

The correlation between XNAQ.L and XDWU.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021	0.21

The correlation between XNAQ.L and XDWU.L shifts across timeframes, from 0.04 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

XNAQ.L vs. XDWU.L - Sectors Allocation Comparison

Sectors	XNAQ.L	XDWU.L
Technology	58.5%	-
Communication Services	14.3%	-
Consumer Cyclical	11.4%	0.5%
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.8%	1.4%
Utilities	1.2%	97.3%
Basic Materials	1.0%	-
Energy	0.5%	0.5%
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

XNAQ.L vs. XDWU.L — Risk / Return Rank

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

XNAQ.L

XNAQ.L Risk / Return Rank: 59
XNAQ.L Sharpe Ratio Rank: 62
XNAQ.L Sortino Ratio Rank: 60
XNAQ.L Omega Ratio Rank: 61
XNAQ.L Calmar Ratio Rank: 62
XNAQ.L Martin Ratio Rank: 51

XDWU.L

XDWU.L Risk / Return Rank: 51
XDWU.L Sharpe Ratio Rank: 53
XDWU.L Sortino Ratio Rank: 50
XDWU.L Omega Ratio Rank: 48
XDWU.L Calmar Ratio Rank: 58
XDWU.L Martin Ratio Rank: 45

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.

XNAQ.L vs. XDWU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) and Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.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.

	XNAQ.L	XDWU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.32	+0.35
Sortino ratio: Return per unit of downside risk	2.28	1.82	+0.46
Omega ratio: Gain probability vs. loss probability	1.30	1.23	+0.07
Calmar ratio: Return relative to maximum drawdown	2.49	2.16	+0.33
Martin ratio: Return relative to average drawdown	7.00	5.36	+1.64

XNAQ.L vs. XDWU.L - Sharpe Ratio Comparison

The current XNAQ.L Sharpe Ratio is 1.67, which is comparable to the XDWU.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of XNAQ.L and XDWU.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

XNAQ.L vs. XDWU.L - Drawdown Comparison

The maximum XNAQ.L drawdown since its inception was -34.26%, which is greater than XDWU.L's maximum drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for XNAQ.L and XDWU.L.

Drawdown Indicators

	XNAQ.L	XDWU.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-25.93%	-8.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-8.21%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	-24.55%	-12.05%	-12.50%
Max Drawdown (5Y) Largest decline over 5 years	-27.52%	-22.27%	-5.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.93%	—
Current Drawdown Current decline from peak	-5.00%	-4.29%	-0.71%
Average Drawdown Average peak-to-trough decline	-13.49%	-5.87%	-7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	3.31%	+0.61%

Volatility

XNAQ.L vs. XDWU.L - Volatility Comparison

Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) has a higher volatility of 6.17% compared to Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L) at 4.39%. This indicates that XNAQ.L's price experiences larger fluctuations and is considered to be riskier than XDWU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNAQ.L	XDWU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.17%	4.39%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	11.38%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	16.46%	13.49%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.78%	14.62%	+9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.92%	15.70%	+10.22%

XNAQ.L vs. XDWU.L - Expense Ratio Comparison

XNAQ.L has a 0.20% expense ratio, which is lower than XDWU.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

XNAQ.L vs. XDWU.L - Dividend Comparison

Neither XNAQ.L nor XDWU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XNAQ.L and XDWU.L in my portfolio?

XNAQ.L and XDWU.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XNAQ.L or XDWU.L?

On fees, XNAQ.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XNAQ.L or XDWU.L?

XNAQ.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XDWU.L.

What is the main difference between XNAQ.L and XDWU.L?

XNAQ.L is categorized as Nasdaq-100, while XDWU.L is Utilities Equities. XNAQ.L tracks Russell 1000 Growth TR USD, while XDWU.L tracks MSCI World/Utilities NR USD. Their fees differ too: 0.20% for XNAQ.L and 0.25% for XDWU.L.