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XSTR.L vs. XDEQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSTR.L vs. XDEQ.L

Last updated Jun 4, 2026

XSTR.L (Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XSTR.L is a Money Market fund actively managed by Xtrackers, while XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. XSTR.L is actively managed, while XDEQ.L is passively managed. Over the past 10 years, XSTR.L returned 1.76%/yr vs 13.68%/yr for XDEQ.L. At a 0.00 correlation, their price movements are largely independent. XSTR.L charges 0.10%/yr vs 0.25%/yr for XDEQ.L.

Performance

XSTR.L vs. XDEQ.L - Performance Comparison

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

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Returns By Period

In the year-to-date period, XSTR.L achieves a 1.53% return, which is significantly lower than XDEQ.L's 7.64% return. Over the past 10 years, XSTR.L has underperformed XDEQ.L with an annualized return of 1.76%, while XDEQ.L has yielded a comparatively higher 13.68% annualized return.

XSTR.L

1D
0.00%
1M
0.22%
YTD
1.53%
6M
1.84%
1Y
3.89%
3Y*
4.61%
5Y*
3.32%
10Y*
1.76%

XDEQ.L

1D
0.02%
1M
3.47%
YTD
7.64%
6M
8.20%
1Y
21.68%
3Y*
15.12%
5Y*
11.35%
10Y*
13.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XSTR.L
Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D		1.53%4.20%5.14%4.57%1.25%-0.08%0.03%0.56%0.41%0.10%
XDEQ.L
Xtrackers MSCI World Quality Factor UCITS ETF 1C		7.64%7.52%18.91%19.22%-9.44%24.28%11.14%30.48%-5.16%12.25%

Correlation

The correlation between XSTR.L and XDEQ.L is -0.06, 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

-0.06

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

-0.01

Correlation (10Y)
Calculated over the trailing 10-year period

0.00

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2014

0.00

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Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D

Xtrackers MSCI World Quality Factor UCITS ETF 1C

Often compared with XSTR.L:
XSTR.L vs. XNAQ.LXSTR.L vs. XNAS.LXSTR.L vs. XDWT.LXSTR.L vs. EXUS.LXSTR.L vs. XDWH.LXSTR.L vs. XMME.LXSTR.L vs. XXTW.L
Often compared with XDEQ.L:
XDEQ.L vs. IWQU.LXDEQ.L vs. VWCE.DEXDEQ.L vs. SWDA.LXDEQ.L vs. SPYXDEQ.L vs. XDEV.LXDEQ.L vs. GGRG.LXDEQ.L vs. HSJP.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSTR.L
XSTR.L Risk / Return Rank: 7777
Overall Rank
XSTR.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
XSTR.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
XSTR.L Omega Ratio Rank: 9696
Omega Ratio Rank
XSTR.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
XSTR.L Martin Ratio Rank: 9595
Martin Ratio Rank
XDEQ.L
XDEQ.L Risk / Return Rank: 6666
Overall Rank
XDEQ.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XDEQ.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
XDEQ.L Omega Ratio Rank: 6868
Omega Ratio Rank
XDEQ.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
XDEQ.L Martin Ratio Rank: 6969
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.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.

XSTR.LXDEQ.LDifference

Sharpe ratio

Return per unit of total volatility

1.85

2.21

-0.36

Sortino ratio

Return per unit of downside risk

2.70

3.10

-0.40

Omega ratio

Gain probability vs. loss probability

1.79

1.42

+0.37

Calmar ratio

Return relative to maximum drawdown

4.01

3.13

+0.88

Martin ratio

Return relative to average drawdown

32.04

12.98

+19.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XSTR.L Sharpe Ratio is 1.85, which is comparable to the XDEQ.L Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of XSTR.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.

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Sharpe Ratios by Period

XSTR.LXDEQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

2.21

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

3.57

0.86

+2.71

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.86

1.12

+0.74

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.10

1.20

-1.30

Drawdowns

XSTR.L vs. XDEQ.L - Drawdown Comparison

The maximum XSTR.L drawdown since its inception was -23.56%, roughly equal to the maximum XDEQ.L drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for XSTR.L and XDEQ.L.

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Drawdown Indicators

XSTR.LXDEQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.56%

-23.79%

+0.23%

Max Drawdown (1Y)

Largest decline over 1 year

-0.97%

-6.90%

+5.93%

Max Drawdown (3Y)

Largest decline over 3 years

-0.97%

-17.96%

+16.99%

Max Drawdown (5Y)

Largest decline over 5 years

-0.97%

-17.96%

+16.99%

Max Drawdown (10Y)

Largest decline over 10 years

-1.60%

-23.79%

+22.19%

Current Drawdown

Current decline from peak

-7.89%

-0.52%

-7.37%

Average Drawdown

Average peak-to-trough decline

-20.17%

-3.78%

-16.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.12%

1.67%

-1.55%

Volatility

XSTR.L vs. XDEQ.L - Volatility Comparison

The current volatility for Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.L) is 0.14%, while Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) has a volatility of 2.49%. This indicates that XSTR.L experiences smaller price fluctuations and is considered to be less risky 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

XSTR.LXDEQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.14%

2.49%

-2.35%

Volatility (6M)

Calculated over the trailing 6-month period

2.02%

7.06%

-5.04%

Volatility (1Y)

Calculated over the trailing 1-year period

2.09%

9.81%

-7.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.02%

13.37%

-12.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.99%

16.89%

-15.90%

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

XSTR.L has a 0.10% 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

XSTR.L vs. XDEQ.L - Dividend Comparison

XSTR.L's dividend yield for the trailing twelve months is around 4.15%, while XDEQ.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%0.00%
XSTR.L
Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D		4.15%4.61%5.06%4.05%0.33%0.02%0.56%0.97%0.61%0.19%1.19%0.78%

Frequently Asked Questions

XSTR.L and XDEQ.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XSTR.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSTR.L is cheaper with a 0.10% expense ratio, compared with 0.25% for XDEQ.L.

XSTR.L is categorized as Money Market, while XDEQ.L is Global Equities. Their fees differ too: 0.10% for XSTR.L and 0.25% for XDEQ.L.

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