XSFN.L vs. XDEQ.L

Last updated Jun 5, 2026

XSFN.L (Xtrackers MSCI USA Financials UCITS ETF 1D) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XSFN.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, XSFN.L returned 9.61%/yr vs 11.55%/yr for XDEQ.L. At a 0.50 correlation, their price movements are largely independent. XSFN.L charges 0.12%/yr vs 0.25%/yr for XDEQ.L.

Performance

XSFN.L vs. XDEQ.L - Performance Comparison

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

Returns By Period

In the year-to-date period, XSFN.L achieves a -5.19% return, which is significantly lower than XDEQ.L's 8.63% return.

XSFN.L

• 1D: 3.29%
• 1M: 1.94%
• YTD: -5.19%
• 6M: -2.92%
• 1Y: 4.85%
• 3Y*: 16.41%
• 5Y*: 9.61%
• 10Y*: —

XDEQ.L

• 1D: 0.92%
• 1M: 4.55%
• YTD: 8.63%
• 6M: 9.20%
• 1Y: 22.27%
• 3Y*: 15.29%
• 5Y*: 11.55%
• 10Y*: 13.78%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XSFN.L Xtrackers MSCI USA Financials UCITS ETF 1D	-5.19%	7.83%	34.69%	8.03%	-2.82%	38.02%	-7.44%	29.37%	-6.51%
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C	8.63%	7.52%	18.91%	19.22%	-9.44%	24.28%	11.14%	30.48%	-1.29%

Correlation

The correlation between XSFN.L and XDEQ.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018	0.50

The correlation between XSFN.L and XDEQ.L shifts across timeframes, from 0.50 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	XSFN.L	XDEQ.L
Financial Services	97.7%	14.7%
Technology	1.9%	30.4%
Industrials	0.2%	10.1%
Real Estate	0.2%	1.7%
Basic Materials	-	3.2%
Communication Services	-	9.1%
Consumer Cyclical	-	8.9%
Consumer Defensive	-	5.3%
Energy	-	4.6%
Healthcare	-	9.2%
Utilities	-	2.7%

Return for Risk

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

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

XSFN.L

XSFN.L Risk / Return Rank: 14
XSFN.L Sharpe Ratio Rank: 14
XSFN.L Sortino Ratio Rank: 14
XSFN.L Omega Ratio Rank: 13
XSFN.L Calmar Ratio Rank: 14
XSFN.L Martin Ratio Rank: 13

XDEQ.L

XDEQ.L Risk / Return Rank: 70
XDEQ.L Sharpe Ratio Rank: 70
XDEQ.L Sortino Ratio Rank: 71
XDEQ.L Omega Ratio Rank: 73
XDEQ.L Calmar Ratio Rank: 65
XDEQ.L Martin Ratio Rank: 72

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Financials UCITS ETF 1D (XSFN.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.

	XSFN.L	XDEQ.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.26	-1.93
Sortino ratio: Return per unit of downside risk	0.57	3.17	-2.60
Omega ratio: Gain probability vs. loss probability	1.07	1.43	-0.36
Calmar ratio: Return relative to maximum drawdown	0.36	3.21	-2.85
Martin ratio: Return relative to average drawdown	0.85	13.32	-12.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XSFN.L Sharpe Ratio is 0.33, which is lower than the XDEQ.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of XSFN.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.

Sharpe Ratios by Period

	XSFN.L	XDEQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	2.26	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.87	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.21	-0.54

Drawdowns

XSFN.L vs. XDEQ.L - Drawdown Comparison

The maximum XSFN.L drawdown since its inception was -33.95%, which is greater than XDEQ.L's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for XSFN.L and XDEQ.L.

Drawdown Indicators

	XSFN.L	XDEQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-23.79%	-10.16%
Max Drawdown (1Y) Largest decline over 1 year	-13.39%	-6.90%	-6.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-17.96%	-1.71%
Max Drawdown (5Y) Largest decline over 5 years	-19.67%	-17.96%	-1.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.79%	—
Current Drawdown Current decline from peak	-7.19%	0.00%	-7.19%
Average Drawdown Average peak-to-trough decline	-6.19%	-3.78%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.72%	1.67%	+4.05%

Volatility

XSFN.L vs. XDEQ.L - Volatility Comparison

Xtrackers MSCI USA Financials UCITS ETF 1D (XSFN.L) has a higher volatility of 4.56% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.57%. This indicates that XSFN.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.

Volatility by Period

	XSFN.L	XDEQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	2.57%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	7.12%	+3.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	9.81%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	13.37%	+5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.77%	16.89%	+6.88%

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

XSFN.L has a 0.12% expense ratio, which is lower than XDEQ.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

XSFN.L vs. XDEQ.L - Dividend Comparison

XSFN.L's dividend yield for the trailing twelve months is around 1.16%, while XDEQ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSFN.L Xtrackers MSCI USA Financials UCITS ETF 1D	1.16%	1.14%	1.10%	1.69%	2.57%	1.31%	1.31%	3.49%

Frequently Asked Questions

Can I hold both XSFN.L and XDEQ.L in my portfolio?

XSFN.L and XDEQ.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XSFN.L or XDEQ.L?

On fees, XSFN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSFN.L or XDEQ.L?

XSFN.L is cheaper with a 0.12% expense ratio, compared with 0.25% for XDEQ.L.

What is the main difference between XSFN.L and XDEQ.L?

XSFN.L is categorized as Financials Equities, while XDEQ.L is Global Equities. XSFN.L tracks MSCI World/Financials NR USD, while XDEQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.12% for XSFN.L and 0.25% for XDEQ.L.