XWLD.L vs. XD9U.DE
XWLD.L (Xtrackers MSCI World UCITS ETF 1C) and XD9U.DE (Xtrackers MSCI USA UCITS ETF 1C) are both exchange-traded funds - XWLD.L is a Global Equities fund tracking the MSCI ACWI NR USD, while XD9U.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 10 years, XWLD.L returned 13.92%/yr vs 16.04%/yr for XD9U.DE. Their correlation of 0.89 suggests significant overlap in exposure. XWLD.L charges 0.19%/yr vs 0.07%/yr for XD9U.DE.
Performance
XWLD.L vs. XD9U.DE - Performance Comparison
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Different Trading Currencies
XWLD.L is traded in GBp, while XD9U.DE is traded in EUR. To make them comparable, the XD9U.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XWLD.L having a 10.22% return and XD9U.DE slightly higher at 10.44%. Over the past 10 years, XWLD.L has underperformed XD9U.DE with an annualized return of 13.92%, while XD9U.DE has yielded a comparatively higher 16.04% annualized return.
XWLD.L
- 1D
- 0.06%
- 1M
- 5.10%
- YTD
- 10.22%
- 6M
- 10.38%
- 1Y
- 27.30%
- 3Y*
- 17.69%
- 5Y*
- 13.07%
- 10Y*
- 13.92%
XD9U.DE
- 1D
- 0.05%
- 1M
- 5.61%
- YTD
- 10.44%
- 6M
- 10.12%
- 1Y
- 28.55%
- 3Y*
- 19.19%
- 5Y*
- 14.54%
- 10Y*
- 16.04%
XWLD.L vs. XD9U.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XWLD.L Xtrackers MSCI World UCITS ETF 1C | 10.22% | 12.59% | 21.09% | 17.58% | -8.42% | 23.71% | 12.15% | 23.21% | -3.74% | 11.80% |
XD9U.DE Xtrackers MSCI USA UCITS ETF 1C | 10.44% | 10.05% | 26.55% | 20.92% | -11.08% | 28.92% | 15.61% | 27.68% | 0.09% | 11.33% |
Correlation
The correlation between XWLD.L and XD9U.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2014 | 0.89 |
The correlation between XWLD.L and XD9U.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
XWLD.L vs. XD9U.DE — Risk / Return Rank
XWLD.L
XD9U.DE
XWLD.L vs. XD9U.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World UCITS ETF 1C (XWLD.L) and Xtrackers MSCI USA UCITS ETF 1C (XD9U.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.
| XWLD.L | XD9U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.46 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.82 | +0.33 |
| Martin ratioReturn relative to average drawdown | 16.43 | 13.29 | +3.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XWLD.L | XD9U.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.54 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.96 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.99 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.97 | -0.07 |
Drawdowns
XWLD.L vs. XD9U.DE - Drawdown Comparison
The maximum XWLD.L drawdown since its inception was -26.62%, roughly equal to the maximum XD9U.DE drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for XWLD.L and XD9U.DE.
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Drawdown Indicators
| XWLD.L | XD9U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -26.74% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.44% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.00% | -22.40% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -22.40% | +3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -26.74% | +0.12% |
Current DrawdownCurrent decline from peak | -0.12% | -0.18% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -3.54% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.14% | -0.48% |
Volatility
XWLD.L vs. XD9U.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World UCITS ETF 1C (XWLD.L) is 2.50%, while Xtrackers MSCI USA UCITS ETF 1C (XD9U.DE) has a volatility of 3.08%. This indicates that XWLD.L experiences smaller price fluctuations and is considered to be less risky than XD9U.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XWLD.L | XD9U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.08% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 7.49% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.16% | 11.21% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 14.97% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 16.11% | -1.55% |
XWLD.L vs. XD9U.DE - Expense Ratio Comparison
XWLD.L has a 0.19% expense ratio, which is higher than XD9U.DE's 0.07% 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
XWLD.L vs. XD9U.DE - Dividend Comparison
Neither XWLD.L nor XD9U.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, XWLD.L and XD9U.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XD9U.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XD9U.DE is cheaper with a 0.07% expense ratio, compared with 0.19% for XWLD.L.
XWLD.L is categorized as Global Equities, while XD9U.DE is Large Cap Blend Equities. XWLD.L tracks MSCI ACWI NR USD, while XD9U.DE tracks MSCI USA. Their fees differ too: 0.19% for XWLD.L and 0.07% for XD9U.DE.
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