XX25.L vs. SWRD.L

Last updated Jun 26, 2026

XX25.L (Xtrackers FTSE China 50 UCITS ETF 1C) and SWRD.L (State Street SPDR MSCI World UCITS ETF) are both exchange-traded funds - XX25.L is a China Equities fund tracking the MSCI China NR USD, while SWRD.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, XX25.L returned 0.67%/yr vs 12.44%/yr for SWRD.L. At a 0.39 correlation, their price movements are largely independent. XX25.L charges 0.60%/yr vs 0.12%/yr for SWRD.L.

Performance

XX25.L vs. SWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers FTSE China 50 UCITS ETF 1C (XX25.L) and State Street SPDR MSCI World UCITS ETF (SWRD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XX25.L is traded in GBp, while SWRD.L is traded in USD. To make them comparable, the SWRD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XX25.L achieves a 14.21% return, which is significantly higher than SWRD.L's 9.99% return.

XX25.L

• 1D: 1.79%
• 1M: 3.91%
• YTD: 14.21%
• 6M: 15.14%
• 1Y: 40.90%
• 3Y*: 16.17%
• 5Y*: 0.67%
• 10Y*: 5.07%

SWRD.L

• 1D: -0.45%
• 1M: 0.57%
• YTD: 9.99%
• 6M: 9.94%
• 1Y: 26.52%
• 3Y*: 18.29%
• 5Y*: 12.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XX25.L vs. SWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XX25.L Xtrackers FTSE China 50 UCITS ETF 1C	14.21%	17.72%	29.08%	-18.23%	-11.14%	-19.11%	6.62%	-1.44%
SWRD.L State Street SPDR MSCI World UCITS ETF	9.99%	12.45%	21.38%	18.18%	-8.04%	23.27%	12.48%	14.56%

Correlation

The correlation between XX25.L and SWRD.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019	0.39

The correlation between XX25.L and SWRD.L shifts across timeframes, from 0.26 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.

XX25.L vs. SWRD.L - Sectors Allocation Comparison

Sectors	XX25.L	SWRD.L
Technology	31.9%	31.3%
Financial Services	17.5%	15.1%
Industrials	15.3%	10.9%
Basic Materials	11.3%	3.2%
Consumer Defensive	6.7%	4.9%
Consumer Cyclical	5.2%	9.1%
Healthcare	3.9%	8.6%
Utilities	3.3%	2.4%
Energy	3.1%	3.8%
Communication Services	1.3%	8.9%
Real Estate	0.5%	1.7%

Return for Risk

XX25.L vs. SWRD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XX25.L

XX25.L Risk / Return Rank: 86
XX25.L Sharpe Ratio Rank: 87
XX25.L Sortino Ratio Rank: 84
XX25.L Omega Ratio Rank: 83
XX25.L Calmar Ratio Rank: 93
XX25.L Martin Ratio Rank: 86

SWRD.L

SWRD.L Risk / Return Rank: 66
SWRD.L Sharpe Ratio Rank: 64
SWRD.L Sortino Ratio Rank: 70
SWRD.L Omega Ratio Rank: 63
SWRD.L Calmar Ratio Rank: 63
SWRD.L Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XX25.L vs. SWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE China 50 UCITS ETF 1C (XX25.L) and State Street SPDR MSCI World UCITS ETF (SWRD.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.

	XX25.L	SWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.22	+0.25
Sortino ratio: Return per unit of downside risk	3.27	3.12	+0.14
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	5.64	4.08	+1.56
Martin ratio: Return relative to average drawdown	15.72	15.16	+0.56

XX25.L vs. SWRD.L - Sharpe Ratio Comparison

The current XX25.L Sharpe Ratio is 2.47, which is comparable to the SWRD.L Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XX25.L and SWRD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XX25.L vs. SWRD.L - Drawdown Comparison

The maximum XX25.L drawdown since its inception was -99.38%, which is greater than SWRD.L's maximum drawdown of -26.90%. Use the drawdown chart below to compare losses from any high point for XX25.L and SWRD.L.

Drawdown Indicators

	XX25.L	SWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.38%	-26.90%	-72.48%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-6.47%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-35.85%	-18.70%	-17.15%
Max Drawdown (5Y) Largest decline over 5 years	-47.66%	-18.70%	-28.96%
Max Drawdown (10Y) Largest decline over 10 years	-54.65%	—	—
Current Drawdown Current decline from peak	-16.42%	-1.28%	-15.14%
Average Drawdown Average peak-to-trough decline	-40.78%	-3.19%	-37.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	1.75%	+0.84%

Volatility

XX25.L vs. SWRD.L - Volatility Comparison

Xtrackers FTSE China 50 UCITS ETF 1C (XX25.L) has a higher volatility of 6.09% compared to State Street SPDR MSCI World UCITS ETF (SWRD.L) at 3.80%. This indicates that XX25.L's price experiences larger fluctuations and is considered to be riskier than SWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XX25.L	SWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	3.80%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	9.31%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	11.90%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.20%	14.45%	+15.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.10%	16.38%	+9.72%

XX25.L vs. SWRD.L - Expense Ratio Comparison

XX25.L has a 0.60% expense ratio, which is higher than SWRD.L's 0.12% expense ratio.

Dividends

XX25.L vs. SWRD.L - Dividend Comparison

Neither XX25.L nor SWRD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XX25.L and SWRD.L in my portfolio?

XX25.L and SWRD.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XX25.L or SWRD.L?

On fees, SWRD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XX25.L or SWRD.L?

SWRD.L is cheaper with a 0.12% expense ratio, compared with 0.60% for XX25.L.

What is the main difference between XX25.L and SWRD.L?

XX25.L is categorized as China Equities, while SWRD.L is Global Equities. XX25.L tracks MSCI China NR USD, while SWRD.L tracks MSCI World Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.60% for XX25.L and 0.12% for SWRD.L.