XWD1.L vs. ACWI
XWD1.L (Xtrackers MSCI World Swap UCITS ETF 1D) and ACWI (iShares MSCI ACWI ETF) are both Global Equities funds - XWD1.L tracks the MSCI ACWI NR USD while ACWI tracks the MSCI All Country World Index. Both are passively managed. Over the past 3 years, XWD1.L returned 21.23%/yr vs 19.97%/yr for ACWI. A 0.64 correlation means they provide meaningful diversification when combined. XWD1.L charges 0.19%/yr vs 0.32%/yr for ACWI.
Performance
XWD1.L vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, XWD1.L achieves a 10.20% return, which is significantly higher than ACWI's 9.12% return.
XWD1.L
- 1D
- 0.05%
- 1M
- 2.46%
- YTD
- 10.20%
- 6M
- 10.99%
- 1Y
- 26.31%
- 3Y*
- 21.23%
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- -2.98%
- 1M
- -0.65%
- YTD
- 9.12%
- 6M
- 9.60%
- 1Y
- 25.76%
- 3Y*
- 19.97%
- 5Y*
- 10.68%
- 10Y*
- 12.43%
XWD1.L vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XWD1.L Xtrackers MSCI World Swap UCITS ETF 1D | 10.20% | 21.24% | 19.47% | 24.76% | 2.94% |
ACWI iShares MSCI ACWI ETF | 9.12% | 22.41% | 17.45% | 22.27% | 1.96% |
Correlation
The correlation between XWD1.L and ACWI is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.64 |
The correlation between XWD1.L and ACWI has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
XWD1.L vs. ACWI — Risk / Return Rank
XWD1.L
ACWI
XWD1.L vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF 1D (XWD1.L) and iShares MSCI ACWI ETF (ACWI). 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.
| XWD1.L | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.66 | +0.48 |
| Martin ratioReturn relative to average drawdown | 13.63 | 11.88 | +1.75 |
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
| XWD1.L | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.97 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.42 | +0.92 |
Drawdowns
XWD1.L vs. ACWI - Drawdown Comparison
The maximum XWD1.L drawdown since its inception was -17.44%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for XWD1.L and ACWI.
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Drawdown Indicators
| XWD1.L | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.44% | -56.00% | +38.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -9.73% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -16.55% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -0.45% | -3.49% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -8.61% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.17% | -0.24% |
Volatility
XWD1.L vs. ACWI - Volatility Comparison
The current volatility for Xtrackers MSCI World Swap UCITS ETF 1D (XWD1.L) is 3.38%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 4.59%. This indicates that XWD1.L experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XWD1.L | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 4.59% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 10.76% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 13.15% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 16.10% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 17.13% | -2.15% |
XWD1.L vs. ACWI - Expense Ratio Comparison
XWD1.L has a 0.19% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
XWD1.L vs. ACWI - Dividend Comparison
XWD1.L's dividend yield for the trailing twelve months is around 1.47%, more than ACWI's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.42% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
XWD1.L Xtrackers MSCI World Swap UCITS ETF 1D | 1.47% | 1.46% | 1.78% | 1.81% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XWD1.L and ACWI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWD1.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWD1.L is cheaper with a 0.19% expense ratio, compared with 0.32% for ACWI.
XWD1.L tracks MSCI ACWI NR USD, while ACWI tracks MSCI All Country World Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.19% for XWD1.L and 0.32% for ACWI.
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