XUTC.DE vs. AYEW.DE
XUTC.DE (Xtrackers MSCI USA Information Technology UCITS ETF 1D) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds - XUTC.DE tracks the MSCI USA Information Technology 20/35 Custom while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 5 years, XUTC.DE returned 24.06%/yr vs 21.48%/yr for AYEW.DE. With a 0.98 correlation, they move nearly in lockstep. XUTC.DE charges 0.12%/yr vs 0.18%/yr for AYEW.DE.
Performance
XUTC.DE vs. AYEW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XUTC.DE having a 24.28% return and AYEW.DE slightly higher at 24.61%.
XUTC.DE
- 1D
- -2.26%
- 1M
- 14.39%
- YTD
- 24.28%
- 6M
- 23.11%
- 1Y
- 49.23%
- 3Y*
- 30.49%
- 5Y*
- 24.06%
- 10Y*
- —
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
XUTC.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUTC.DE Xtrackers MSCI USA Information Technology UCITS ETF 1D | 24.28% | 9.83% | 44.60% | 52.37% | -27.42% | 44.01% | 32.64% | 12.75% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 30.99% | 12.00% |
Correlation
The correlation between XUTC.DE and AYEW.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.98 |
The correlation between XUTC.DE and AYEW.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
XUTC.DE vs. AYEW.DE — Risk / Return Rank
XUTC.DE
AYEW.DE
XUTC.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Information Technology UCITS ETF 1D (XUTC.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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.
| XUTC.DE | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.01 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.84 | 8.00 | -0.16 |
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
| XUTC.DE | AYEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.26 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.93 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.02 | +0.09 |
Drawdowns
XUTC.DE vs. AYEW.DE - Drawdown Comparison
The maximum XUTC.DE drawdown since its inception was -31.79%, roughly equal to the maximum AYEW.DE drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for XUTC.DE and AYEW.DE.
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Drawdown Indicators
| XUTC.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.79% | -31.36% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -14.98% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -29.01% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -30.10% | -0.38% |
Current DrawdownCurrent decline from peak | -3.00% | -2.13% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -7.74% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 5.64% | +0.62% |
Volatility
XUTC.DE vs. AYEW.DE - Volatility Comparison
Xtrackers MSCI USA Information Technology UCITS ETF 1D (XUTC.DE) has a higher volatility of 7.31% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 6.77%. This indicates that XUTC.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTC.DE | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 6.77% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 15.12% | 14.89% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 19.98% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.01% | 22.77% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.97% | 23.48% | -0.51% |
XUTC.DE vs. AYEW.DE - Expense Ratio Comparison
XUTC.DE has a 0.12% expense ratio, which is lower than AYEW.DE'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
XUTC.DE vs. AYEW.DE - Dividend Comparison
XUTC.DE's dividend yield for the trailing twelve months is around 0.26%, more than AYEW.DE's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% | 0.00% |
XUTC.DE Xtrackers MSCI USA Information Technology UCITS ETF 1D | 0.26% | 0.34% | 0.36% | 0.53% | 1.14% | 0.51% | 0.64% | 0.59% | 0.58% |
Frequently Asked Questions
With a correlation of 0.98, XUTC.DE and AYEW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XUTC.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTC.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for AYEW.DE.
XUTC.DE tracks MSCI USA Information Technology 20/35 Custom, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XUTC.DE and 0.18% for AYEW.DE.
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