XWEH.DE vs. XDWH.DE

Last updated Jul 4, 2026

XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - XWEH.DE is a Global Equities fund tracking the MSCI World Index (EUR Hedged), while XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, XWEH.DE returned 11.71%/yr vs 8.35%/yr for XDWH.DE. A 0.62 correlation means they provide meaningful diversification when combined. XWEH.DE charges 0.39%/yr vs 0.25%/yr for XDWH.DE.

Performance

XWEH.DE vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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 higher than XDWH.DE's 6.77% return. Over the past 10 years, XWEH.DE has outperformed XDWH.DE with an annualized return of 11.71%, while XDWH.DE has yielded a comparatively lower 8.35% 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%

XDWH.DE

• 1D: -0.04%
• 1M: 12.02%
• 6M: 7.05%
• YTD: 6.77%
• 1Y: 22.07%
• 3Y*: 6.34%
• 5Y*: 5.87%
• 10Y*: 8.35%

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

XWEH.DE vs. XDWH.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%
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C	6.77%	2.20%	7.45%	0.04%	0.11%	30.30%	2.70%	27.21%	5.98%	5.52%

Correlation

The correlation between XWEH.DE and XDWH.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Aug 22, 2013	0.62

Over the past year, the correlation between XWEH.DE and XDWH.DE has dropped to 0.28 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

XWEH.DE vs. XDWH.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

XDWH.DE

XDWH.DE Risk / Return Rank: 53
XDWH.DE Sharpe Ratio Rank: 55
XDWH.DE Sortino Ratio Rank: 61
XDWH.DE Omega Ratio Rank: 52
XDWH.DE Calmar Ratio Rank: 54
XDWH.DE Martin Ratio Rank: 42

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. XDWH.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 Health Care UCITS ETF 1C (XDWH.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	XDWH.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.55	+0.14
Sortino ratio: Return per unit of downside risk	2.53	2.36	+0.17
Omega ratio: Gain probability vs. loss probability	1.31	1.28	+0.04
Calmar ratio: Return relative to maximum drawdown	2.51	2.24	+0.27
Martin ratio: Return relative to average drawdown	10.59	5.74	+4.85

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

The current XWEH.DE Sharpe Ratio is 1.69, which is comparable to the XDWH.DE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of XWEH.DE and XDWH.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. XDWH.DE - Drawdown Comparison

The maximum XWEH.DE drawdown since its inception was -33.67%, smaller than the maximum XDWH.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and XDWH.DE.

Drawdown Indicators

	XWEH.DE	XDWH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-40.65%	+6.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-9.82%	+1.96%
Max Drawdown (3Y) Largest decline over 3 years	-17.57%	-21.11%	+3.54%
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	-21.11%	-2.44%
Max Drawdown (10Y) Largest decline over 10 years	-33.67%	-26.06%	-7.61%
Current Drawdown Current decline from peak	-0.25%	-0.35%	+0.10%
Average Drawdown Average peak-to-trough decline	-4.36%	-7.34%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	3.83%	-1.96%

Volatility

XWEH.DE vs. XDWH.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 Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 4.52%. This indicates that XWEH.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWEH.DE	XDWH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	4.52%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	10.23%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	14.17%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	13.51%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	15.62%	-0.35%

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

XWEH.DE has a 0.39% expense ratio, which is higher than XDWH.DE's 0.25% expense ratio.

Dividends

XWEH.DE vs. XDWH.DE - Dividend Comparison

Neither XWEH.DE nor XDWH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

XWEH.DE and XDWH.DE have a correlation of 0.28, 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 XDWH.DE?

On fees, XDWH.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XDWH.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for XWEH.DE.

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

XWEH.DE is categorized as Global Equities, while XDWH.DE is Health & Biotech Equities. XWEH.DE tracks MSCI World Index (EUR Hedged), while XDWH.DE tracks MSCI World/Health Care NR USD. Their fees differ too: 0.39% for XWEH.DE and 0.25% for XDWH.DE.