XWEH.DE vs. BBCK.DE

Last updated Jul 4, 2026

XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) are both Global Equities funds - XWEH.DE tracks the MSCI World Index (EUR Hedged) while BBCK.DE tracks the Nasdaq Global Buyback Achievers. Both are passively managed. Over the past 10 years, XWEH.DE returned 11.71%/yr vs 12.44%/yr for BBCK.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.

Performance

XWEH.DE vs. BBCK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) and Invesco Global Buyback Achievers UCITS ETF (BBCK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XWEH.DE achieves a 9.20% return, which is significantly lower than BBCK.DE's 10.20% return. Over the past 10 years, XWEH.DE has underperformed BBCK.DE with an annualized return of 11.71%, while BBCK.DE has yielded a comparatively higher 12.44% annualized return.

XWEH.DE

• 1D: 0.31%
• 1M: 0.25%
• 6M: 9.70%
• YTD: 9.20%
• 1Y: 19.83%
• 3Y*: 17.65%
• 5Y*: 10.35%
• 10Y*: 11.71%

BBCK.DE

• 1D: 0.19%
• 1M: 3.85%
• 6M: 9.86%
• YTD: 10.20%
• 1Y: 23.96%
• 3Y*: 18.56%
• 5Y*: 10.83%
• 10Y*: 12.44%

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

XWEH.DE vs. BBCK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)	9.20%	16.85%	19.84%	21.86%	-18.77%	23.77%	11.40%	25.02%	-10.04%	16.63%
BBCK.DE Invesco Global Buyback Achievers UCITS ETF	10.20%	16.70%	19.10%	11.74%	-6.61%	30.88%	1.65%	35.50%	-11.65%	6.15%

Correlation

The correlation between XWEH.DE and BBCK.DE is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 24, 2014	0.68

The correlation between XWEH.DE and BBCK.DE shifts across timeframes, from 0.65 (10 years) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XWEH.DE vs. BBCK.DE — Risk / Return Rank

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

XWEH.DE

XWEH.DE Risk / Return Rank: 65
XWEH.DE Sharpe Ratio Rank: 62
XWEH.DE Sortino Ratio Rank: 67
XWEH.DE Omega Ratio Rank: 63
XWEH.DE Calmar Ratio Rank: 62
XWEH.DE Martin Ratio Rank: 71

BBCK.DE

BBCK.DE Risk / Return Rank: 83
BBCK.DE Sharpe Ratio Rank: 79
BBCK.DE Sortino Ratio Rank: 76
BBCK.DE Omega Ratio Rank: 77
BBCK.DE Calmar Ratio Rank: 93
BBCK.DE Martin Ratio Rank: 90

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.

XWEH.DE vs. BBCK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) and Invesco Global Buyback Achievers UCITS ETF (BBCK.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.

	XWEH.DE	BBCK.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.07	-0.37
Sortino ratio: Return per unit of downside risk	2.53	2.79	-0.26
Omega ratio: Gain probability vs. loss probability	1.31	1.37	-0.06
Calmar ratio: Return relative to maximum drawdown	2.51	5.42	-2.90
Martin ratio: Return relative to average drawdown	10.59	16.65	-6.05

XWEH.DE vs. BBCK.DE - Sharpe Ratio Comparison

The current XWEH.DE Sharpe Ratio is 1.69, which is comparable to the BBCK.DE Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of XWEH.DE and BBCK.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XWEH.DE vs. BBCK.DE - Drawdown Comparison

The maximum XWEH.DE drawdown since its inception was -33.67%, roughly equal to the maximum BBCK.DE drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and BBCK.DE.

Drawdown Indicators

	XWEH.DE	BBCK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-33.24%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-4.40%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	-17.57%	-21.54%	+3.97%
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	-21.54%	-2.01%
Max Drawdown (10Y) Largest decline over 10 years	-33.67%	-33.24%	-0.43%
Current Drawdown Current decline from peak	-0.25%	0.00%	-0.25%
Average Drawdown Average peak-to-trough decline	-4.36%	-6.20%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.44%	+0.43%

Volatility

XWEH.DE vs. BBCK.DE - Volatility Comparison

Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) has a higher volatility of 3.62% compared to Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) at 2.61%. This indicates that XWEH.DE's price experiences larger fluctuations and is considered to be riskier than BBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWEH.DE	BBCK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	2.61%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	7.51%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	11.57%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	14.68%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	23.33%	-8.06%

XWEH.DE vs. BBCK.DE - Expense Ratio Comparison

Both XWEH.DE and BBCK.DE have an expense ratio of 0.39%.

Dividends

XWEH.DE vs. BBCK.DE - Dividend Comparison

XWEH.DE has not paid dividends to shareholders, while BBCK.DE's dividend yield for the trailing twelve months is around 1.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBCK.DE Invesco Global Buyback Achievers UCITS ETF	1.68%	1.88%	1.78%	1.74%	1.96%	1.17%	1.61%	1.84%	1.35%	1.23%	1.64%	1.29%
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XWEH.DE and BBCK.DE in my portfolio?

XWEH.DE and BBCK.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XWEH.DE or BBCK.DE?

Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XWEH.DE or BBCK.DE?

XWEH.DE and BBCK.DE have the same expense ratio: 0.39% per year.

What is the main difference between XWEH.DE and BBCK.DE?

XWEH.DE tracks MSCI World Index (EUR Hedged), while BBCK.DE tracks Nasdaq Global Buyback Achievers. They also come from different issuers: Xtrackers and Invesco.