XNNV.DE vs. AYEW.DE
XNNV.DE (Xtrackers MSCI Innovation UCITS ETF 1C) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds - XNNV.DE tracks the MSCI ACWI IMI Innovation Select ESG Screened 200 while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 3 years, XNNV.DE returned 13.35%/yr vs 27.99%/yr for AYEW.DE. Their correlation of 0.83 suggests significant overlap in exposure. XNNV.DE charges 0.30%/yr vs 0.18%/yr for AYEW.DE.
Performance
XNNV.DE vs. AYEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNNV.DE achieves a 5.08% return, which is significantly lower than AYEW.DE's 24.61% return.
XNNV.DE
- 1D
- 1.03%
- 1M
- 6.57%
- YTD
- 5.08%
- 6M
- 3.95%
- 1Y
- 15.22%
- 3Y*
- 13.35%
- 5Y*
- —
- 10Y*
- —
AYEW.DE
- 1D
- -1.67%
- 1M
- 13.12%
- YTD
- 24.61%
- 6M
- 22.76%
- 1Y
- 44.30%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
XNNV.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XNNV.DE Xtrackers MSCI Innovation UCITS ETF 1C | 5.08% | 2.05% | 29.19% | 29.66% | -13.17% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -10.73% |
Correlation
The correlation between XNNV.DE and AYEW.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.83 |
The correlation between XNNV.DE and AYEW.DE has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
XNNV.DE vs. AYEW.DE — Risk / Return Rank
XNNV.DE
AYEW.DE
XNNV.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE). 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.
| XNNV.DE | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 3.01 | -2.00 |
| Martin ratioReturn relative to average drawdown | 2.80 | 8.00 | -5.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XNNV.DE | AYEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.26 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.02 | -0.35 |
Drawdowns
XNNV.DE vs. AYEW.DE - Drawdown Comparison
The maximum XNNV.DE drawdown since its inception was -25.90%, smaller than the maximum AYEW.DE drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for XNNV.DE and AYEW.DE.
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Drawdown Indicators
| XNNV.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.90% | -31.36% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -15.02% | -14.98% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -25.90% | -29.01% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.10% | — |
Current DrawdownCurrent decline from peak | -0.91% | -2.13% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -7.74% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 5.64% | -0.23% |
Volatility
XNNV.DE vs. AYEW.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE) is 3.84%, while iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) has a volatility of 6.77%. This indicates that XNNV.DE experiences smaller price fluctuations and is considered to be less risky than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNNV.DE | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 6.77% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 14.89% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 19.98% | -5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 22.77% | -4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 23.48% | -5.41% |
XNNV.DE vs. AYEW.DE - Expense Ratio Comparison
XNNV.DE has a 0.30% expense ratio, which is higher than AYEW.DE's 0.18% expense ratio.
Dividends
XNNV.DE vs. AYEW.DE - Dividend Comparison
XNNV.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
XNNV.DE Xtrackers MSCI Innovation UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNNV.DE and AYEW.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for XNNV.DE.
XNNV.DE tracks MSCI ACWI IMI Innovation Select ESG Screened 200, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XNNV.DE and 0.18% for AYEW.DE.
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