XWEM.L vs. EXUS.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and EXUS.L (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both Global Equities funds from Xtrackers - XWEM.L tracks the MSCI World Momentum Low Carbon SRI Screened Select while EXUS.L tracks the MSCI World ex USA index. Both are passively managed. Over the past year, XWEM.L returned 36.83% vs 22.98% for EXUS.L. A 0.75 correlation means they provide meaningful diversification when combined. XWEM.L charges 0.25%/yr vs 0.15%/yr for EXUS.L.
Performance
XWEM.L vs. EXUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, XWEM.L achieves a 22.01% return, which is significantly higher than EXUS.L's 10.47% return.
XWEM.L
- 1D
- -0.15%
- 1M
- 5.82%
- YTD
- 22.01%
- 6M
- 24.55%
- 1Y
- 36.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXUS.L
- 1D
- 0.38%
- 1M
- 4.38%
- YTD
- 10.47%
- 6M
- 12.10%
- 1Y
- 22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XWEM.L vs. EXUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 22.01% | 21.57% | 13.14% |
EXUS.L Xtrackers MSCI World ex USA UCITS ETF 1C USD | 10.47% | 31.99% | 1.23% |
Correlation
The correlation between XWEM.L and EXUS.L is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024 | 0.75 |
The correlation between XWEM.L and EXUS.L has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
XWEM.L vs. EXUS.L — Risk / Return Rank
XWEM.L
EXUS.L
XWEM.L vs. EXUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L). 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.
| XWEM.L | EXUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.13 | +0.98 |
| Martin ratioReturn relative to average drawdown | 13.39 | 7.85 | +5.54 |
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Drawdowns
XWEM.L vs. EXUS.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, which is greater than EXUS.L's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for XWEM.L and EXUS.L.
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Drawdown Indicators
| XWEM.L | EXUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -12.86% | -6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -10.74% | -1.03% |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -2.33% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.92% | -0.18% |
Volatility
XWEM.L vs. EXUS.L - Volatility Comparison
Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) has a higher volatility of 6.17% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.L) at 3.81%. This indicates that XWEM.L's price experiences larger fluctuations and is considered to be riskier than EXUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XWEM.L | EXUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 3.81% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 12.36% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 14.83% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 15.29% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 15.29% | +2.10% |
XWEM.L vs. EXUS.L - Expense Ratio Comparison
XWEM.L has a 0.25% expense ratio, which is higher than EXUS.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XWEM.L vs. EXUS.L - Dividend Comparison
Neither XWEM.L nor EXUS.L has paid dividends to shareholders.
Frequently Asked Questions
XWEM.L and EXUS.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XWEM.L.
XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while EXUS.L tracks MSCI World ex USA index. Their fees differ too: 0.25% for XWEM.L and 0.15% for EXUS.L.
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