XWEM.L vs. XNAS.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) are both exchange-traded funds - XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select, while XNAS.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, XWEM.L returned 36.83% vs 38.15% for XNAS.L. Their correlation of 0.85 suggests significant overlap in exposure. XWEM.L charges 0.25%/yr vs 0.20%/yr for XNAS.L.
Performance
XWEM.L vs. XNAS.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 XNAS.L's 19.02% return.
XWEM.L
- 1D
- -0.15%
- 1M
- 5.82%
- YTD
- 22.01%
- 6M
- 24.55%
- 1Y
- 36.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNAS.L
- 1D
- -0.91%
- 1M
- 3.35%
- YTD
- 19.02%
- 6M
- 21.19%
- 1Y
- 38.15%
- 3Y*
- 26.41%
- 5Y*
- 24.90%
- 10Y*
- —
XWEM.L vs. XNAS.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% |
XNAS.L Xtrackers NASDAQ 100 UCITS ETF | 19.02% | 19.82% | 26.59% | 11.59% |
Correlation
The correlation between XWEM.L and XNAS.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.85 |
The correlation between XWEM.L and XNAS.L has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
XWEM.L vs. XNAS.L — Risk / Return Rank
XWEM.L
XNAS.L
XWEM.L vs. XNAS.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 NASDAQ 100 UCITS ETF (XNAS.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 | XNAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.48 | -0.37 |
| Martin ratioReturn relative to average drawdown | 13.39 | 12.15 | +1.25 |
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Drawdowns
XWEM.L vs. XNAS.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, smaller than the maximum XNAS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for XWEM.L and XNAS.L.
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Drawdown Indicators
| XWEM.L | XNAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -34.26% | +15.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -10.91% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.52% | — |
Current DrawdownCurrent decline from peak | -0.15% | -1.30% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -10.33% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.13% | -0.39% |
Volatility
XWEM.L vs. XNAS.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) is 6.17%, while Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) has a volatility of 6.66%. This indicates that XWEM.L experiences smaller price fluctuations and is considered to be less risky than XNAS.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 | XNAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 6.66% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 12.96% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 16.68% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 22.80% | -5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 25.26% | -7.87% |
XWEM.L vs. XNAS.L - Expense Ratio Comparison
XWEM.L has a 0.25% expense ratio, which is higher than XNAS.L's 0.20% 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. XNAS.L - Dividend Comparison
Neither XWEM.L nor XNAS.L has paid dividends to shareholders.
Frequently Asked Questions
XWEM.L and XNAS.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNAS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XWEM.L.
XWEM.L is categorized as Global Equities, while XNAS.L is Nasdaq-100. XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while XNAS.L tracks NASDAQ-100 Index. Their fees differ too: 0.25% for XWEM.L and 0.20% for XNAS.L.
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