XWEH.DE vs. XG12.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and XG12.DE (Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C) are both Global Equities funds from Xtrackers - XWEH.DE tracks the MSCI World Index (EUR Hedged) while XG12.DE tracks the MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select. Both are passively managed. Over the past 3 years, XWEH.DE returned 17.65%/yr vs 10.96%/yr for XG12.DE. A 0.72 correlation means they provide meaningful diversification when combined. XWEH.DE charges 0.39%/yr vs 0.35%/yr for XG12.DE.
Performance
XWEH.DE vs. XG12.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 XG12.DE's 35.42% 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%
XG12.DE
- 1D
- 0.00%
- 1M
- -3.60%
- 6M
- 33.95%
- YTD
- 35.42%
- 1Y
- 45.69%
- 3Y*
- 10.96%
- 5Y*
- —
- 10Y*
- —
XWEH.DE vs. XG12.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) | 9.20% | 16.85% | 19.84% | 21.86% | -3.00% |
XG12.DE Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C | 35.42% | 8.69% | -4.44% | -8.34% | -5.33% |
Correlation
The correlation between XWEH.DE and XG12.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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.72 |
The correlation between XWEH.DE and XG12.DE has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
XWEH.DE vs. XG12.DE — Risk / Return Rank
XWEH.DE
XG12.DE
XWEH.DE vs. XG12.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 Global SDG 12 Circular Economy UCITS ETF 1C (XG12.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 | XG12.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.38 | +0.13 |
| Martin ratioReturn relative to average drawdown | 10.59 | 5.06 | +5.54 |
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Drawdowns
XWEH.DE vs. XG12.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, which is greater than XG12.DE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and XG12.DE.
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Drawdown Indicators
| XWEH.DE | XG12.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -32.01% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -19.16% | +11.30% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -24.98% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -4.84% | +4.59% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -14.74% | +10.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 9.03% | -7.16% |
Volatility
XWEH.DE vs. XG12.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) is 3.62%, while Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C (XG12.DE) has a volatility of 6.78%. This indicates that XWEH.DE experiences smaller price fluctuations and is considered to be less risky than XG12.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 | XG12.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 6.78% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 14.09% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 27.89% | -16.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 21.10% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 21.10% | -5.83% |
XWEH.DE vs. XG12.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is higher than XG12.DE's 0.35% expense ratio.
Dividends
XWEH.DE vs. XG12.DE - Dividend Comparison
Neither XWEH.DE nor XG12.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEH.DE and XG12.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, XG12.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XG12.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 XG12.DE tracks MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select. Their fees differ too: 0.39% for XWEH.DE and 0.35% for XG12.DE.
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