XUIN.L vs. MTRL.L

Last updated Jun 5, 2026

XUIN.L (Xtrackers MSCI USA Industrials UCITS ETF 1D) and MTRL.L (SPDR® MSCI Europe Materials UCITS ETF) are both Industrials Equities funds tracking the MSCI World/Materials NR USD, from DWS and State Street respectively. Both are passively managed. Over the past 5 years, XUIN.L returned 12.44%/yr vs 5.69%/yr for MTRL.L. At a 0.39 correlation, their price movements are largely independent. XUIN.L charges 0.12%/yr vs 0.18%/yr for MTRL.L.

Performance

XUIN.L vs. MTRL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.L) and SPDR® MSCI Europe Materials UCITS ETF (MTRL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUIN.L is traded in USD, while MTRL.L is traded in EUR. To make them comparable, the MTRL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XUIN.L achieves a 13.59% return, which is significantly lower than MTRL.L's 16.60% return.

XUIN.L

• 1D: -0.08%
• 1M: 1.54%
• YTD: 13.59%
• 6M: 14.31%
• 1Y: 23.35%
• 3Y*: 22.41%
• 5Y*: 12.44%
• 10Y*: —

MTRL.L

• 1D: -0.48%
• 1M: 4.92%
• YTD: 16.60%
• 6M: 21.55%
• 1Y: 27.84%
• 3Y*: 15.41%
• 5Y*: 5.69%
• 10Y*: —

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

XUIN.L vs. MTRL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XUIN.L Xtrackers MSCI USA Industrials UCITS ETF 1D	13.59%	18.19%	17.12%	20.93%	-6.85%	20.93%
MTRL.L SPDR® MSCI Europe Materials UCITS ETF	16.60%	27.27%	-8.18%	14.60%	-13.72%	14.19%

Correlation

The correlation between XUIN.L and MTRL.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.39

The correlation between XUIN.L and MTRL.L shifts across timeframes, from 0.39 (5 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.

XUIN.L vs. MTRL.L - Sectors Allocation Comparison

Sectors	XUIN.L	MTRL.L
Industrials	93.6%	-
Technology	5.9%	-
Utilities	5.1%	-
Consumer Cyclical	0.3%	0.8%
Financial Services	0.2%	-
Basic Materials	0.2%	99.2%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

XUIN.L vs. MTRL.L — Risk / Return Rank

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

XUIN.L

XUIN.L Risk / Return Rank: 47
XUIN.L Sharpe Ratio Rank: 46
XUIN.L Sortino Ratio Rank: 49
XUIN.L Omega Ratio Rank: 43
XUIN.L Calmar Ratio Rank: 45
XUIN.L Martin Ratio Rank: 51

MTRL.L

MTRL.L Risk / Return Rank: 43
MTRL.L Sharpe Ratio Rank: 43
MTRL.L Sortino Ratio Rank: 42
MTRL.L Omega Ratio Rank: 40
MTRL.L Calmar Ratio Rank: 40
MTRL.L Martin Ratio Rank: 48

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.

XUIN.L vs. MTRL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.L) and SPDR® MSCI Europe Materials UCITS ETF (MTRL.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.

	XUIN.L	MTRL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.48	+0.09
Sortino ratio: Return per unit of downside risk	2.38	2.04	+0.33
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.18	1.87	+0.31
Martin ratio: Return relative to average drawdown	8.63	7.10	+1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUIN.L vs. MTRL.L - Sharpe Ratio Comparison

The current XUIN.L Sharpe Ratio is 1.57, which is comparable to the MTRL.L Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of XUIN.L and MTRL.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

	XUIN.L	MTRL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.48	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.32	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.79	+0.09

Drawdowns

XUIN.L vs. MTRL.L - Drawdown Comparison

The maximum XUIN.L drawdown since its inception was -21.71%, smaller than the maximum MTRL.L drawdown of -37.20%. Use the drawdown chart below to compare losses from any high point for XUIN.L and MTRL.L.

Drawdown Indicators

	XUIN.L	MTRL.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.71%	-37.20%	+15.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-14.82%	+4.14%
Max Drawdown (3Y) Largest decline over 3 years	-19.82%	-21.95%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	-21.71%	-35.46%	+13.75%
Current Drawdown Current decline from peak	-0.65%	-1.74%	+1.09%
Average Drawdown Average peak-to-trough decline	-4.57%	-8.48%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	3.91%	-1.21%

Volatility

XUIN.L vs. MTRL.L - Volatility Comparison

The current volatility for Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.L) is 5.18%, while SPDR® MSCI Europe Materials UCITS ETF (MTRL.L) has a volatility of 7.40%. This indicates that XUIN.L experiences smaller price fluctuations and is considered to be less risky than MTRL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUIN.L	MTRL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	7.40%	-2.22%
Volatility (6M) Calculated over the trailing 6-month period	11.92%	15.45%	-3.53%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	18.83%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	25.28%	-7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	32.20%	-14.79%

XUIN.L vs. MTRL.L - Expense Ratio Comparison

XUIN.L has a 0.12% expense ratio, which is lower than MTRL.L's 0.18% 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

XUIN.L vs. MTRL.L - Dividend Comparison

XUIN.L's dividend yield for the trailing twelve months is around 0.91%, while MTRL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
MTRL.L SPDR® MSCI Europe Materials UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
XUIN.L Xtrackers MSCI USA Industrials UCITS ETF 1D	0.91%	1.01%	1.12%	1.17%	0.63%

Frequently Asked Questions

Can I hold both XUIN.L and MTRL.L in my portfolio?

XUIN.L and MTRL.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUIN.L or MTRL.L?

On fees, XUIN.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, XUIN.L or MTRL.L?

XUIN.L is cheaper with a 0.12% expense ratio, compared with 0.18% for MTRL.L.

What is the main difference between XUIN.L and MTRL.L?

Both ETFs track MSCI World/Materials NR USD. They also come from different issuers: DWS and State Street. Their fees differ too: 0.12% for XUIN.L and 0.18% for MTRL.L.