XWEH.DE vs. XDEV.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - XWEH.DE tracks the MSCI World Index (EUR Hedged) while XDEV.DE tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, XWEH.DE returned 11.71%/yr vs 12.45%/yr for XDEV.DE. Their correlation of 0.81 suggests significant overlap in exposure. XWEH.DE charges 0.39%/yr vs 0.25%/yr for XDEV.DE.
Performance
XWEH.DE vs. XDEV.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 lower than XDEV.DE's 34.96% return. Over the past 10 years, XWEH.DE has underperformed XDEV.DE with an annualized return of 11.71%, while XDEV.DE has yielded a comparatively higher 12.45% 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%
XDEV.DE
- 1D
- 0.79%
- 1M
- -0.97%
- 6M
- 34.30%
- YTD
- 34.96%
- 1Y
- 60.26%
- 3Y*
- 25.75%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
XWEH.DE vs. XDEV.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% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 34.96% | 24.74% | 11.64% | 15.69% | -4.81% | 30.64% | -12.50% | 22.05% | -10.40% | 7.82% |
Correlation
The correlation between XWEH.DE and XDEV.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.81 |
The correlation between XWEH.DE and XDEV.DE has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
XWEH.DE vs. XDEV.DE — Risk / Return Rank
XWEH.DE
XDEV.DE
XWEH.DE vs. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.70 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 9.91 | -7.40 |
| Martin ratioReturn relative to average drawdown | 10.59 | 35.03 | -24.43 |
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Drawdowns
XWEH.DE vs. XDEV.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, roughly equal to the maximum XDEV.DE drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and XDEV.DE.
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Drawdown Indicators
| XWEH.DE | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -35.27% | +1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -6.05% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -18.02% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -18.02% | -5.53% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -35.27% | +1.60% |
Current DrawdownCurrent decline from peak | -0.25% | -2.78% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -6.89% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.72% | +0.15% |
Volatility
XWEH.DE vs. XDEV.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) is 3.62%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 6.03%. This indicates that XWEH.DE experiences smaller price fluctuations and is considered to be less risky than XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 6.03% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 12.54% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 14.94% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 14.15% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 16.67% | -1.40% |
XWEH.DE vs. XDEV.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is higher than XDEV.DE's 0.25% expense ratio.
Dividends
XWEH.DE vs. XDEV.DE - Dividend Comparison
Neither XWEH.DE nor XDEV.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEH.DE and XDEV.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for XWEH.DE.
XWEH.DE tracks MSCI World Index (EUR Hedged), while XDEV.DE tracks MSCI ACWI Value NR USD. They also come from different issuers: Xtrackers and DWS. Their fees differ too: 0.39% for XWEH.DE and 0.25% for XDEV.DE.
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