XS7W.DE vs. MACV.DE
XS7W.DE (Xtrackers Portfolio Income UCITS ETF (Dist)) and MACV.DE (iShares Conservative Portfolio UCITS ETF EUR (Acc)) are both Global Allocation funds. Both are actively managed. Over the past 5 years, XS7W.DE returned 2.71%/yr vs 0.68%/yr for MACV.DE. At a 0.50 correlation, their price movements are largely independent. XS7W.DE charges 0.65%/yr vs 0.25%/yr for MACV.DE.
Performance
XS7W.DE vs. MACV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XS7W.DE achieves a 5.33% return, which is significantly higher than MACV.DE's 3.65% return.
XS7W.DE
- 1D
- 0.14%
- 1M
- 0.94%
- 6M
- 5.26%
- YTD
- 5.33%
- 1Y
- 9.07%
- 3Y*
- 7.00%
- 5Y*
- 2.71%
- 10Y*
- 3.57%
MACV.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 3.65%
- YTD
- 3.65%
- 1Y
- 6.72%
- 3Y*
- 5.11%
- 5Y*
- 0.68%
- 10Y*
- —
XS7W.DE vs. MACV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XS7W.DE Xtrackers Portfolio Income UCITS ETF (Dist) | 5.33% | 3.90% | 7.56% | 8.46% | -12.92% | 8.31% | 4.58% |
MACV.DE iShares Conservative Portfolio UCITS ETF EUR (Acc) | 3.65% | 4.83% | 3.33% | 5.02% | -13.58% | 3.11% | 2.65% |
Correlation
The correlation between XS7W.DE and MACV.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.50 |
The correlation between XS7W.DE and MACV.DE shifts across timeframes, from 0.46 (3 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XS7W.DE vs. MACV.DE — Risk / Return Rank
XS7W.DE
MACV.DE
XS7W.DE vs. MACV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Portfolio Income UCITS ETF (Dist) (XS7W.DE) and iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.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.
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.
| XS7W.DE | MACV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.69 | +0.46 |
| Martin ratioReturn relative to average drawdown | 9.70 | 7.43 | +2.27 |
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Drawdowns
XS7W.DE vs. MACV.DE - Drawdown Comparison
The maximum XS7W.DE drawdown since its inception was -17.71%, which is greater than MACV.DE's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for XS7W.DE and MACV.DE.
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Drawdown Indicators
| XS7W.DE | MACV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -15.57% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -3.95% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.31% | -3.95% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -15.57% | -1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -17.52% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.37% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -6.32% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.90% | +0.03% |
Volatility
XS7W.DE vs. MACV.DE - Volatility Comparison
The current volatility for Xtrackers Portfolio Income UCITS ETF (Dist) (XS7W.DE) is 1.58%, while iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.DE) has a volatility of 1.73%. This indicates that XS7W.DE experiences smaller price fluctuations and is considered to be less risky than MACV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XS7W.DE | MACV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.73% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 4.63% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 5.26% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.58% | 5.25% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 5.23% | +1.91% |
XS7W.DE vs. MACV.DE - Expense Ratio Comparison
XS7W.DE has a 0.65% expense ratio, which is higher than MACV.DE's 0.25% expense ratio.
Dividends
XS7W.DE vs. MACV.DE - Dividend Comparison
XS7W.DE's dividend yield for the trailing twelve months is around 2.86%, while MACV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MACV.DE iShares Conservative Portfolio UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XS7W.DE Xtrackers Portfolio Income UCITS ETF (Dist) | 2.86% | 5.42% | 0.00% | 0.00% | 1.37% | 0.80% | 2.20% | 1.91% | 0.64% | 1.13% | 1.40% |
Frequently Asked Questions
XS7W.DE and MACV.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MACV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MACV.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for XS7W.DE.
They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for XS7W.DE and 0.25% for MACV.DE.
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