XSMW.L vs. XDEQ.L
XSMW.L (Xtrackers MSCI World Materials UCITS ETF 1C) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XSMW.L is a Materials fund tracking the MSCI World Materials Index, while XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past year, XSMW.L returned 33.49% vs 22.27% for XDEQ.L. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
XSMW.L vs. XDEQ.L - Performance Comparison
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Different Trading Currencies
XSMW.L is traded in GBP, while XDEQ.L is traded in GBp. To make them comparable, the XDEQ.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSMW.L achieves a 15.77% return, which is significantly higher than XDEQ.L's 8.63% return.
XSMW.L
- 1D
- -0.50%
- 1M
- 4.62%
- YTD
- 15.77%
- 6M
- 19.28%
- 1Y
- 33.49%
- 3Y*
- —
- 5Y*
- —
- 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%
XSMW.L vs. XDEQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XSMW.L Xtrackers MSCI World Materials UCITS ETF 1C | 15.77% | 17.51% | -4.39% | 8.73% |
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 8.63% | 7.52% | 18.91% | 8.04% |
Correlation
The correlation between XSMW.L and XDEQ.L is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.56 |
The correlation between XSMW.L and XDEQ.L has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
XSMW.L vs. XDEQ.L — Risk / Return Rank
XSMW.L
XDEQ.L
XSMW.L vs. XDEQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Materials UCITS ETF 1C (XSMW.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.
| XSMW.L | XDEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.21 | -0.93 |
| Martin ratioReturn relative to average drawdown | 8.86 | 13.32 | -4.47 |
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
| XSMW.L | XDEQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.26 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.87 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.21 | -0.33 |
Drawdowns
XSMW.L vs. XDEQ.L - Drawdown Comparison
The maximum XSMW.L drawdown since its inception was -18.45%, smaller than the maximum XDEQ.L drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for XSMW.L and XDEQ.L.
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Drawdown Indicators
| XSMW.L | XDEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -23.79% | +5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.60% | -6.90% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.79% | — |
Current DrawdownCurrent decline from peak | -3.47% | 0.00% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -3.78% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 1.67% | +2.10% |
Volatility
XSMW.L vs. XDEQ.L - Volatility Comparison
Xtrackers MSCI World Materials UCITS ETF 1C (XSMW.L) has a higher volatility of 6.86% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.57%. This indicates that XSMW.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.
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Volatility by Period
| XSMW.L | XDEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 2.57% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 7.12% | +7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 9.81% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 13.37% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.90% | 16.89% | -1.99% |
XSMW.L vs. XDEQ.L - Expense Ratio Comparison
Both XSMW.L and XDEQ.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XSMW.L vs. XDEQ.L - Dividend Comparison
Neither XSMW.L nor XDEQ.L has paid dividends to shareholders.
Frequently Asked Questions
XSMW.L and XDEQ.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XSMW.L and XDEQ.L have the same expense ratio: 0.25% per year.
XSMW.L is categorized as Materials, while XDEQ.L is Global Equities. XSMW.L tracks MSCI World Materials Index, while XDEQ.L tracks MSCI ACWI NR USD.
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