XUEK.DE vs. XDWD.DE
XUEK.DE (Xtrackers S&P Europe ex UK UCITS ETF) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - XUEK.DE is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, XUEK.DE returned 9.45%/yr vs 12.89%/yr for XDWD.DE. Their correlation of 0.81 suggests significant overlap in exposure. XUEK.DE charges 0.09%/yr vs 0.19%/yr for XDWD.DE.
Performance
XUEK.DE vs. XDWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEK.DE achieves a 7.14% return, which is significantly lower than XDWD.DE's 10.91% return.
XUEK.DE
- 1D
- 0.60%
- 1M
- 1.36%
- YTD
- 7.14%
- 6M
- 9.35%
- 1Y
- 15.44%
- 3Y*
- 13.91%
- 5Y*
- 9.45%
- 10Y*
- —
XDWD.DE
- 1D
- -0.01%
- 1M
- 3.63%
- YTD
- 10.91%
- 6M
- 10.96%
- 1Y
- 23.80%
- 3Y*
- 17.56%
- 5Y*
- 12.89%
- 10Y*
- 12.83%
XUEK.DE vs. XDWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 7.14% | 21.19% | 7.43% | 18.01% | -12.81% | 25.44% | 1.91% | 18.96% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 10.91% | 7.85% | 25.98% | 20.18% | -13.67% | 32.74% | 5.48% | 19.70% |
Correlation
The correlation between XUEK.DE and XDWD.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.81 |
The correlation between XUEK.DE and XDWD.DE shifts across timeframes, from 0.70 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUEK.DE vs. XDWD.DE — Risk / Return Rank
XUEK.DE
XDWD.DE
XUEK.DE vs. XDWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.DE) and Xtrackers MSCI World UCITS ETF 1C (XDWD.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.
| XUEK.DE | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.63 | -2.06 |
| Martin ratioReturn relative to average drawdown | 5.68 | 14.44 | -8.76 |
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
| XUEK.DE | XDWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.14 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.90 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.78 | -0.12 |
Drawdowns
XUEK.DE vs. XDWD.DE - Drawdown Comparison
The maximum XUEK.DE drawdown since its inception was -34.81%, roughly equal to the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XUEK.DE and XDWD.DE.
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Drawdown Indicators
| XUEK.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -33.55% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -6.54% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -21.64% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.94% | -21.64% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.33% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -4.55% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.65% | +1.08% |
Volatility
XUEK.DE vs. XDWD.DE - Volatility Comparison
Xtrackers S&P Europe ex UK UCITS ETF (XUEK.DE) has a higher volatility of 4.19% compared to Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) at 2.60%. This indicates that XUEK.DE's price experiences larger fluctuations and is considered to be riskier than XDWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEK.DE | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 2.60% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 7.77% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 11.12% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 14.13% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 15.16% | +1.65% |
XUEK.DE vs. XDWD.DE - Expense Ratio Comparison
XUEK.DE has a 0.09% expense ratio, which is lower than XDWD.DE's 0.19% 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
XUEK.DE vs. XDWD.DE - Dividend Comparison
XUEK.DE's dividend yield for the trailing twelve months is around 2.31%, while XDWD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 2.31% | 2.41% | 2.80% | 2.57% | 4.73% | 1.40% | 2.54% |
Frequently Asked Questions
XUEK.DE and XDWD.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEK.DE is cheaper with a 0.09% expense ratio, compared with 0.19% for XDWD.DE.
XUEK.DE is categorized as Europe Equities, while XDWD.DE is Global Equities. XUEK.DE tracks MSCI Europe Ex UK NR EUR, while XDWD.DE tracks MSCI World. Their fees differ too: 0.09% for XUEK.DE and 0.19% for XDWD.DE.
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