XUTE.DE vs. XDWD.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - XUTE.DE is a Government Bonds fund tracking the iBoxx USD Treasuries Index (EUR Hedged), while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.48%/yr vs 12.27%/yr for XDWD.DE. At a correlation of -0.16, they often move in opposite directions. XUTE.DE charges 0.10%/yr vs 0.19%/yr for XDWD.DE.
Performance
XUTE.DE vs. XDWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -0.78% return, which is significantly lower than XDWD.DE's 12.57% return.
XUTE.DE
- 1D
- -0.07%
- 1M
- 0.37%
- 6M
- -0.57%
- YTD
- -0.78%
- 1Y
- 1.15%
- 3Y*
- 1.17%
- 5Y*
- -2.48%
- 10Y*
- —
XDWD.DE
- 1D
- 0.32%
- 1M
- 1.49%
- 6M
- 12.36%
- YTD
- 12.57%
- 1Y
- 24.32%
- 3Y*
- 17.54%
- 5Y*
- 12.27%
- 10Y*
- 13.00%
XUTE.DE vs. XDWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -0.78% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 12.57% | 7.85% | 25.98% | 20.19% | -13.68% | 32.75% | 5.47% | 31.26% | -4.94% | 7.84% |
Correlation
The correlation between XUTE.DE and XDWD.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | -0.16 |
The correlation between XUTE.DE and XDWD.DE shifts across timeframes, from -0.16 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XUTE.DE vs. XDWD.DE — Risk / Return Rank
XUTE.DE
XDWD.DE
XUTE.DE vs. XDWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XUTE.DE | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 3.82 | -3.49 |
| Martin ratioReturn relative to average drawdown | 0.86 | 15.31 | -14.46 |
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Drawdowns
XUTE.DE vs. XDWD.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, smaller than the maximum XDWD.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and XDWD.DE.
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Drawdown Indicators
| XUTE.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -33.55% | +9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -6.34% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -21.64% | +15.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -21.64% | +1.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -16.71% | -0.11% | -16.60% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -4.52% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.58% | -0.24% |
Volatility
XUTE.DE vs. XDWD.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 0.95%, while Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) has a volatility of 3.15%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky 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
| XUTE.DE | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 3.15% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 7.97% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 11.30% | -7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 14.15% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 15.09% | -10.00% |
XUTE.DE vs. XDWD.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% 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
XUTE.DE vs. XDWD.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, while XDWD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.39% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and XDWD.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for XDWD.DE.
XUTE.DE is categorized as Government Bonds, while XDWD.DE is Global Equities. XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while XDWD.DE tracks MSCI World. Their fees differ too: 0.10% for XUTE.DE and 0.19% for XDWD.DE.
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