XWEH.DE vs. SXR0.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and SXR0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both Global Equities funds - XWEH.DE tracks the MSCI World Index (EUR Hedged) while SXR0.DE tracks the MSCI World Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, XWEH.DE returned 10.35%/yr vs 4.77%/yr for SXR0.DE. A 0.74 correlation means they provide meaningful diversification when combined. XWEH.DE charges 0.39%/yr vs 0.35%/yr for SXR0.DE.
Performance
XWEH.DE vs. SXR0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XWEH.DE achieves a 9.20% return, which is significantly higher than SXR0.DE's 2.15% 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%
SXR0.DE
- 1D
- 0.23%
- 1M
- 1.78%
- 6M
- 3.00%
- YTD
- 2.15%
- 1Y
- 2.76%
- 3Y*
- 8.28%
- 5Y*
- 4.77%
- 10Y*
- —
XWEH.DE vs. SXR0.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% | 12.46% |
SXR0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.15% | 7.02% | 13.29% | 5.81% | -9.67% | 16.59% | -1.27% | 20.04% | -4.03% | 8.98% |
Correlation
The correlation between XWEH.DE and SXR0.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2017 | 0.74 |
Over the past year, the correlation between XWEH.DE and SXR0.DE has dropped to 0.31 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
XWEH.DE vs. SXR0.DE — Risk / Return Rank
XWEH.DE
SXR0.DE
XWEH.DE vs. SXR0.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 iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.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 | SXR0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.06 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 0.52 | +1.99 |
| Martin ratioReturn relative to average drawdown | 10.59 | 1.13 | +9.47 |
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Drawdowns
XWEH.DE vs. SXR0.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, which is greater than SXR0.DE's maximum drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and SXR0.DE.
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Drawdown Indicators
| XWEH.DE | SXR0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -27.73% | -5.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -5.26% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -9.18% | -8.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -15.61% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.95% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -3.96% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.44% | -0.57% |
Volatility
XWEH.DE vs. SXR0.DE - Volatility Comparison
Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) has a higher volatility of 3.62% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.DE) at 2.35%. This indicates that XWEH.DE's price experiences larger fluctuations and is considered to be riskier than SXR0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XWEH.DE | SXR0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 2.35% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 5.77% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 8.13% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 10.15% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 11.61% | +3.66% |
XWEH.DE vs. SXR0.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is higher than SXR0.DE's 0.35% expense ratio.
Dividends
XWEH.DE vs. SXR0.DE - Dividend Comparison
Neither XWEH.DE nor SXR0.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEH.DE and SXR0.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR0.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR0.DE is cheaper with a 0.35% expense ratio, compared with 0.39% for XWEH.DE.
XWEH.DE tracks MSCI World Index (EUR Hedged), while SXR0.DE tracks MSCI World Minimum Volatility Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.39% for XWEH.DE and 0.35% for SXR0.DE.
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