XUT3.L vs. XDWH.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index, while XDWH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, XUT3.L returned 1.74%/yr vs 7.85%/yr for XDWH.L. At a 0.00 correlation, their price movements are largely independent. XUT3.L charges 0.06%/yr vs 0.25%/yr for XDWH.L.
Performance
XUT3.L vs. XDWH.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUT3.L achieves a 0.54% return, which is significantly higher than XDWH.L's -2.74% return. Over the past 10 years, XUT3.L has underperformed XDWH.L with an annualized return of 1.74%, while XDWH.L has yielded a comparatively higher 7.85% annualized return.
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
XDWH.L
- 1D
- 2.99%
- 1M
- 3.25%
- YTD
- -2.74%
- 6M
- -1.64%
- 1Y
- 11.56%
- 3Y*
- 5.50%
- 5Y*
- 4.54%
- 10Y*
- 7.85%
XUT3.L vs. XDWH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.44% | 0.27% |
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | -2.74% | 15.25% | 0.75% | 3.81% | -5.42% | 20.56% | 12.88% | 22.95% | 1.57% | 20.16% |
Correlation
The correlation between XUT3.L and XDWH.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2016 | 0.00 |
Over the past year, XUT3.L and XDWH.L have become more correlated (0.24) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
XUT3.L vs. XDWH.L — Risk / Return Rank
XUT3.L
XDWH.L
XUT3.L vs. XDWH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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.
| XUT3.L | XDWH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.15 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 1.11 | +3.99 |
| Martin ratioReturn relative to average drawdown | 20.02 | 2.80 | +17.21 |
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
| XUT3.L | XDWH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 0.79 | +2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.32 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.52 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.57 | +0.57 |
Drawdowns
XUT3.L vs. XDWH.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, smaller than the maximum XDWH.L drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for XUT3.L and XDWH.L.
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Drawdown Indicators
| XUT3.L | XDWH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -26.24% | +20.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -10.39% | +9.72% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -19.28% | +18.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -19.28% | +13.83% |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | -26.24% | +20.79% |
Current DrawdownCurrent decline from peak | -0.12% | -5.82% | +5.70% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -4.98% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 4.12% | -3.95% |
Volatility
XUT3.L vs. XDWH.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) is 0.41%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a volatility of 4.80%. This indicates that XUT3.L experiences smaller price fluctuations and is considered to be less risky than XDWH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUT3.L | XDWH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 4.80% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 10.77% | -9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 14.57% | -13.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 14.18% | -12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 14.97% | -13.47% |
XUT3.L vs. XDWH.L - Expense Ratio Comparison
XUT3.L has a 0.06% expense ratio, which is lower than XDWH.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
XUT3.L vs. XDWH.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, while XDWH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
XUT3.L and XDWH.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.25% for XDWH.L.
XUT3.L is categorized as Government Bonds, while XDWH.L is Health & Biotech Equities. XUT3.L tracks iBoxx USD Treasuries 1-3 Index, while XDWH.L tracks MSCI World/Health Care NR USD. Their fees differ too: 0.06% for XUT3.L and 0.25% for XDWH.L.
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