XWEM.L vs. XDEQ.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both Global Equities funds from Xtrackers - XWEM.L tracks the MSCI World Momentum Low Carbon SRI Screened Select while XDEQ.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, XWEM.L returned 36.83% vs 22.30% for XDEQ.L. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
XWEM.L vs. XDEQ.L - Performance Comparison
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Different Trading Currencies
XWEM.L is traded in USD, while XDEQ.L is traded in GBp. To make them comparable, the XDEQ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XWEM.L achieves a 22.01% return, which is significantly higher than XDEQ.L's 9.71% return.
XWEM.L
- 1D
- -0.15%
- 1M
- 5.82%
- YTD
- 22.01%
- 6M
- 24.55%
- 1Y
- 36.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDEQ.L
- 1D
- 0.15%
- 1M
- 3.30%
- YTD
- 9.71%
- 6M
- 11.30%
- 1Y
- 22.30%
- 3Y*
- 17.50%
- 5Y*
- 10.63%
- 10Y*
- 13.04%
XWEM.L vs. XDEQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 22.01% | 21.57% | 28.83% | 9.50% |
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.71% | 15.63% | 16.92% | 9.72% |
Correlation
The correlation between XWEM.L and XDEQ.L is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.80 |
The correlation between XWEM.L and XDEQ.L has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
XWEM.L vs. XDEQ.L — Risk / Return Rank
XWEM.L
XDEQ.L
XWEM.L vs. XDEQ.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 Quality Factor UCITS ETF 1C (XDEQ.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 | XDEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.53 | +0.59 |
| Martin ratioReturn relative to average drawdown | 13.39 | 10.86 | +2.53 |
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Drawdowns
XWEM.L vs. XDEQ.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, smaller than the maximum XDEQ.L drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for XWEM.L and XDEQ.L.
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Drawdown Indicators
| XWEM.L | XDEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -47.19% | +28.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -8.79% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.05% | — |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -16.40% | +14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.05% | +0.69% |
Volatility
XWEM.L vs. XDEQ.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 Quality Factor UCITS ETF 1C (XDEQ.L) at 2.74%. This indicates that XWEM.L's price experiences larger fluctuations and is considered to be riskier than XDEQ.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 | XDEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 2.74% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 8.55% | +6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 11.08% | +6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 20.51% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 21.26% | -3.87% |
XWEM.L vs. XDEQ.L - Expense Ratio Comparison
Both XWEM.L and XDEQ.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XWEM.L vs. XDEQ.L - Dividend Comparison
Neither XWEM.L nor XDEQ.L has paid dividends to shareholders.
Frequently Asked Questions
XWEM.L and XDEQ.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XWEM.L and XDEQ.L have the same expense ratio: 0.25% per year.
XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while XDEQ.L tracks MSCI ACWI NR USD.
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