XWQS.L vs. SMH.L
XWQS.L (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - XWQS.L is a ESG fund tracking the MSCI World Quality Low Carbon SRI Screened Select Index, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 3 years, XWQS.L returned 7.94%/yr vs 54.27%/yr for SMH.L. A 0.69 correlation means they provide meaningful diversification when combined. XWQS.L charges 0.25%/yr vs 0.35%/yr for SMH.L.
Performance
XWQS.L vs. SMH.L - Performance Comparison
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Different Trading Currencies
XWQS.L is traded in GBP, while SMH.L is traded in USD. To make them comparable, the SMH.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XWQS.L achieves a 11.66% return, which is significantly lower than SMH.L's 81.74% return.
XWQS.L
- 1D
- 0.00%
- 1M
- 1.71%
- 6M
- 8.58%
- YTD
- 11.66%
- 1Y
- 27.08%
- 3Y*
- 7.94%
- 5Y*
- —
- 10Y*
- —
SMH.L
- 1D
- -1.96%
- 1M
- -3.12%
- 6M
- 67.01%
- YTD
- 81.74%
- 1Y
- 133.99%
- 3Y*
- 54.27%
- 5Y*
- 36.15%
- 10Y*
- —
XWQS.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWQS.L Xtrackers MSCI World Quality ESG UCITS ETF 1C | 11.66% | 9.12% | 20.95% | -12.78% |
SMH.L VanEck Semiconductor UCITS ETF | 81.74% | 38.57% | 26.28% | 16.10% |
Correlation
The correlation between XWQS.L and SMH.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.69 |
The correlation between XWQS.L and SMH.L has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
XWQS.L vs. SMH.L — Risk / Return Rank
XWQS.L
SMH.L
XWQS.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.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.
| XWQS.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.52 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 9.35 | -8.29 |
| Martin ratioReturn relative to average drawdown | 1.56 | 32.18 | -30.62 |
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Drawdowns
XWQS.L vs. SMH.L - Drawdown Comparison
The maximum XWQS.L drawdown since its inception was -25.70%, smaller than the maximum SMH.L drawdown of -36.36%. Use the drawdown chart below to compare losses from any high point for XWQS.L and SMH.L.
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Drawdown Indicators
| XWQS.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -36.36% | +10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -25.70% | -14.25% | -11.45% |
Max Drawdown (3Y)Largest decline over 3 years | -25.70% | -36.36% | +10.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.36% | — |
Current DrawdownCurrent decline from peak | -13.77% | -10.72% | -3.05% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -9.75% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.40% | 4.15% | +13.25% |
Volatility
XWQS.L vs. SMH.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) is 3.42%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.52%. This indicates that XWQS.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.
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Volatility by Period
| XWQS.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 16.52% | -13.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 29.86% | -21.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.40% | 36.21% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 32.30% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.27% | 31.72% | -1.45% |
XWQS.L vs. SMH.L - Expense Ratio Comparison
XWQS.L has a 0.25% expense ratio, which is lower than SMH.L's 0.35% expense ratio.
Dividends
XWQS.L vs. SMH.L - Dividend Comparison
Neither XWQS.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
XWQS.L and SMH.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWQS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWQS.L is cheaper with a 0.25% expense ratio, compared with 0.35% for SMH.L.
XWQS.L is categorized as ESG, while SMH.L is Semiconductors. XWQS.L tracks MSCI World Quality Low Carbon SRI Screened Select Index, 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 XWQS.L and 0.35% for SMH.L.
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