XWEV.L vs. SMH.L
XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - XWEV.L is a Global Equities fund tracking the MSCI World Value Low Carbon SRI Screened Select, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past year, XWEV.L returned 43.60% vs 163.01% for SMH.L. A 0.66 correlation means they provide meaningful diversification when combined. XWEV.L charges 0.25%/yr vs 0.35%/yr for SMH.L.
Performance
XWEV.L vs. SMH.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XWEV.L achieves a 18.20% return, which is significantly lower than SMH.L's 88.70% return.
XWEV.L
- 1D
- -0.36%
- 1M
- 5.85%
- YTD
- 18.20%
- 6M
- 20.60%
- 1Y
- 43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH.L
- 1D
- -2.57%
- 1M
- 15.71%
- YTD
- 88.70%
- 6M
- 96.06%
- 1Y
- 163.01%
- 3Y*
- 59.29%
- 5Y*
- 36.90%
- 10Y*
- —
XWEV.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 18.20% | 38.58% | 6.98% | 7.84% |
SMH.L VanEck Semiconductor UCITS ETF | 88.70% | 49.20% | 24.11% | 16.28% |
Correlation
The correlation between XWEV.L and SMH.L is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.66 |
The correlation between XWEV.L and SMH.L has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XWEV.L vs. SMH.L — Risk / Return Rank
XWEV.L
SMH.L
XWEV.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) and VanEck Semiconductor UCITS ETF (SMH.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.
| XWEV.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.64 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 11.65 | -7.46 |
| Martin ratioReturn relative to average drawdown | 16.28 | 41.09 | -24.81 |
Loading charts...
Drawdowns
XWEV.L vs. SMH.L - Drawdown Comparison
The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for XWEV.L and SMH.L.
Loading charts...
Drawdown Indicators
| XWEV.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.23% | -45.38% | +31.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -13.91% | +3.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.38% | — |
Current DrawdownCurrent decline from peak | -0.91% | -2.57% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -11.20% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.95% | -1.28% |
Volatility
XWEV.L vs. SMH.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) is 5.20%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 14.42%. This indicates that XWEV.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XWEV.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 14.42% | -9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 27.56% | -15.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 33.84% | -18.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 32.88% | -17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 32.48% | -17.38% |
XWEV.L vs. SMH.L - Expense Ratio Comparison
XWEV.L has a 0.25% expense ratio, which is lower than SMH.L's 0.35% expense ratio.
Dividends
XWEV.L vs. SMH.L - Dividend Comparison
Neither XWEV.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
XWEV.L and SMH.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEV.L is cheaper with a 0.25% expense ratio, compared with 0.35% for SMH.L.
XWEV.L is categorized as Global Equities, while SMH.L is Semiconductors. XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.25% for XWEV.L and 0.35% for SMH.L.
Find the right allocation for XWEV.L and SMH.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer