XSXG.L vs. XDEQ.L

Last updated Jun 5, 2026

XSXG.L (Xtrackers S&P 500 Swap UCITS ETF 1D) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XSXG.L is a S&P 500 fund tracking the S&P 500 Index, while XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, XSXG.L returned 19.21%/yr vs 15.29%/yr for XDEQ.L. Their correlation of 0.94 suggests significant overlap in exposure. XSXG.L charges 0.07%/yr vs 0.25%/yr for XDEQ.L.

Performance

XSXG.L vs. XDEQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.L) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XSXG.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, XSXG.L achieves a 10.62% return, which is significantly higher than XDEQ.L's 8.63% return.

XSXG.L

• 1D: 0.00%
• 1M: 5.53%
• YTD: 10.62%
• 6M: 10.52%
• 1Y: 29.28%
• 3Y*: 19.21%
• 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%

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

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

	2026 (YTD)	2025	2024	2023	2022
XSXG.L Xtrackers S&P 500 Swap UCITS ETF 1D	10.62%	9.55%	27.53%	20.03%	2.67%
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C	8.63%	7.52%	18.91%	19.22%	4.08%

Correlation

The correlation between XSXG.L and XDEQ.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022	0.94

The correlation between XSXG.L and XDEQ.L has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

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

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

XSXG.L

XSXG.L Risk / Return Rank: 82
XSXG.L Sharpe Ratio Rank: 86
XSXG.L Sortino Ratio Rank: 84
XSXG.L Omega Ratio Rank: 86
XSXG.L Calmar Ratio Rank: 79
XSXG.L Martin Ratio Rank: 77

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.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.

	XSXG.L	XDEQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.26	+0.51
Sortino ratio: Return per unit of downside risk	3.70	3.17	+0.53
Omega ratio: Gain probability vs. loss probability	1.52	1.43	+0.09
Calmar ratio: Return relative to maximum drawdown	4.01	3.21	+0.79
Martin ratio: Return relative to average drawdown	14.45	13.32	+1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XSXG.L Sharpe Ratio is 2.77, which is comparable to the XDEQ.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of XSXG.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

	XSXG.L	XDEQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.26	+0.51
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	1.27	1.21	+0.06

Drawdowns

XSXG.L vs. XDEQ.L - Drawdown Comparison

The maximum XSXG.L drawdown since its inception was -21.10%, smaller than the maximum XDEQ.L drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for XSXG.L and XDEQ.L.

Drawdown Indicators

	XSXG.L	XDEQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.10%	-23.79%	+2.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.27%	-6.90%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.10%	-17.96%	-3.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.79%	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-3.44%	-3.78%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.67%	+0.35%

Volatility

XSXG.L vs. XDEQ.L - Volatility Comparison

Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.L) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) have volatilities of 2.62% and 2.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSXG.L	XDEQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.57%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	7.12%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	9.81%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	13.37%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	16.89%	-2.98%

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

XSXG.L has a 0.07% 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

XSXG.L vs. XDEQ.L - Dividend Comparison

XSXG.L's dividend yield for the trailing twelve months is around 0.82%, while XDEQ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%
XSXG.L Xtrackers S&P 500 Swap UCITS ETF 1D	0.82%	0.92%	1.11%	1.30%	0.38%

Frequently Asked Questions

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

XSXG.L and XDEQ.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, XSXG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XSXG.L is cheaper with a 0.07% expense ratio, compared with 0.25% for XDEQ.L.

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

XSXG.L is categorized as S&P 500, while XDEQ.L is Global Equities. XSXG.L tracks S&P 500 Index, while XDEQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for XSXG.L and 0.25% for XDEQ.L.