XWEH.DE vs. UETW.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - XWEH.DE tracks the MSCI World Index (EUR Hedged) while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, XWEH.DE returned 10.16%/yr vs 12.06%/yr for UETW.DE. Their correlation of 0.91 suggests significant overlap in exposure. XWEH.DE charges 0.39%/yr vs 0.10%/yr for UETW.DE.
Performance
XWEH.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XWEH.DE achieves a 8.30% return, which is significantly lower than UETW.DE's 11.82% return.
XWEH.DE
- 1D
- -1.10%
- 1M
- -0.71%
- 6M
- 6.59%
- YTD
- 8.30%
- 1Y
- 18.62%
- 3Y*
- 16.86%
- 5Y*
- 10.16%
- 10Y*
- 11.18%
UETW.DE
- 1D
- -1.09%
- 1M
- 0.52%
- 6M
- 8.75%
- YTD
- 11.82%
- 1Y
- 21.95%
- 3Y*
- 17.67%
- 5Y*
- 12.06%
- 10Y*
- —
XWEH.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) | 8.30% | 16.85% | 19.84% | 21.86% | -18.77% | 23.77% | 11.40% | 11.86% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.82% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
Correlation
The correlation between XWEH.DE and UETW.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.91 |
The correlation between XWEH.DE and UETW.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
XWEH.DE vs. UETW.DE — Risk / Return Rank
XWEH.DE
UETW.DE
XWEH.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.28 | -0.92 |
| Martin ratioReturn relative to average drawdown | 9.94 | 12.82 | -2.88 |
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Drawdowns
XWEH.DE vs. UETW.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, roughly equal to the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and UETW.DE.
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Drawdown Indicators
| XWEH.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -33.74% | +0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -6.67% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -21.32% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -21.32% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -1.17% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.97% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.71% | +0.16% |
Volatility
XWEH.DE vs. UETW.DE - Volatility Comparison
Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) has a higher volatility of 2.80% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.64%. This indicates that XWEH.DE's price experiences larger fluctuations and is considered to be riskier than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.64% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 7.83% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 11.17% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 14.06% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 16.55% | -1.29% |
XWEH.DE vs. UETW.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
XWEH.DE vs. UETW.DE - Dividend Comparison
Neither XWEH.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEH.DE and UETW.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.39% for XWEH.DE.
XWEH.DE tracks MSCI World Index (EUR Hedged), while UETW.DE tracks MSCI World. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.39% for XWEH.DE and 0.10% for UETW.DE.
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