XWEH.DE vs. UEEH.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - XWEH.DE tracks the MSCI World Index (EUR Hedged) while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, XWEH.DE returned 10.35%/yr vs 5.97%/yr for UEEH.DE. At a 0.48 correlation, their price movements are largely independent. XWEH.DE charges 0.39%/yr vs 0.30%/yr for UEEH.DE.
Performance
XWEH.DE vs. UEEH.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 UEEH.DE's 4.56% 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%
UEEH.DE
- 1D
- 0.00%
- 1M
- 2.86%
- 6M
- 5.51%
- YTD
- 4.56%
- 1Y
- 5.38%
- 3Y*
- 7.50%
- 5Y*
- 5.97%
- 10Y*
- —
XWEH.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) | 9.20% | 16.85% | 19.84% | 21.86% | -18.77% | 23.77% | 11.36% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 4.56% | -1.30% | 17.87% | 3.61% | -4.41% | 24.47% | 0.95% |
Correlation
The correlation between XWEH.DE and UEEH.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2020 | 0.48 |
Over the past year, the correlation between XWEH.DE and UEEH.DE has dropped to 0.16 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
XWEH.DE vs. UEEH.DE — Risk / Return Rank
XWEH.DE
UEEH.DE
XWEH.DE vs. UEEH.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 USD Dist (UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.12 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.01 | +1.51 |
| Martin ratioReturn relative to average drawdown | 10.59 | 2.54 | +8.05 |
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Drawdowns
XWEH.DE vs. UEEH.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, which is greater than UEEH.DE's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and UEEH.DE.
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Drawdown Indicators
| XWEH.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -12.87% | -20.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -5.33% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -12.87% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -12.87% | -10.68% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -3.86% | +3.61% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -4.38% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.11% | -0.24% |
Volatility
XWEH.DE vs. UEEH.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 USD Dist (UEEH.DE) at 2.13%. This indicates that XWEH.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 2.13% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 5.72% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 8.05% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 10.30% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 10.21% | +5.06% |
XWEH.DE vs. UEEH.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is higher than UEEH.DE's 0.30% expense ratio.
Dividends
XWEH.DE vs. UEEH.DE - Dividend Comparison
XWEH.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.65% | 1.72% | 1.70% | 1.89% | 1.73% | 1.62% |
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XWEH.DE and UEEH.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for XWEH.DE.
XWEH.DE tracks MSCI World Index (EUR Hedged), while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.39% for XWEH.DE and 0.30% for UEEH.DE.
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