XXSC.L vs. VWCE.DE
XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, XXSC.L returned 4.15%/yr vs 12.02%/yr for VWCE.DE. A 0.69 correlation means they provide meaningful diversification when combined. XXSC.L charges 0.30%/yr vs 0.19%/yr for VWCE.DE.
Performance
XXSC.L vs. VWCE.DE - Performance Comparison
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Different Trading Currencies
XXSC.L is traded in GBp, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XXSC.L achieves a 6.17% return, which is significantly lower than VWCE.DE's 10.52% return.
XXSC.L
- 1D
- 1.71%
- 1M
- 1.58%
- YTD
- 6.17%
- 6M
- 8.47%
- 1Y
- 13.53%
- 3Y*
- 11.34%
- 5Y*
- 4.15%
- 10Y*
- 8.98%
VWCE.DE
- 1D
- 1.80%
- 1M
- 1.69%
- YTD
- 10.52%
- 6M
- 11.44%
- 1Y
- 27.61%
- 3Y*
- 17.34%
- 5Y*
- 12.02%
- 10Y*
- —
XXSC.L vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 6.17% | 22.28% | 0.76% | 10.44% | -17.50% | 15.39% | 10.55% | 6.35% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 10.52% | 14.84% | 18.99% | 15.82% | -8.73% | 19.54% | 11.30% | 2.19% |
Correlation
The correlation between XXSC.L and VWCE.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.69 |
The correlation between XXSC.L and VWCE.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
XXSC.L vs. VWCE.DE — Risk / Return Rank
XXSC.L
VWCE.DE
XXSC.L vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Vanguard FTSE All-World UCITS ETF (VWCE.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.
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.
| XXSC.L | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.92 | -2.67 |
| Martin ratioReturn relative to average drawdown | 4.44 | 15.44 | -11.00 |
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Drawdowns
XXSC.L vs. VWCE.DE - Drawdown Comparison
The maximum XXSC.L drawdown since its inception was -74.17%, which is greater than VWCE.DE's maximum drawdown of -25.99%. Use the drawdown chart below to compare losses from any high point for XXSC.L and VWCE.DE.
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Drawdown Indicators
| XXSC.L | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.17% | -25.99% | -48.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -7.02% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -18.90% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -18.90% | -11.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | — | — |
Current DrawdownCurrent decline from peak | -1.69% | -1.56% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -3.46% | -17.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.78% | +1.26% |
Volatility
XXSC.L vs. VWCE.DE - Volatility Comparison
Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a higher volatility of 3.81% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.43%. This indicates that XXSC.L's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XXSC.L | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.43% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 8.27% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 11.09% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.53% | 13.34% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 15.51% | +2.80% |
XXSC.L vs. VWCE.DE - Expense Ratio Comparison
XXSC.L has a 0.30% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
XXSC.L vs. VWCE.DE - Dividend Comparison
Neither XXSC.L nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
XXSC.L and VWCE.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for XXSC.L.
XXSC.L is categorized as Europe Equities, while VWCE.DE is Global Equities. XXSC.L tracks MSCI Europe Small Cap NR EUR, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: DWS and Vanguard. Their fees differ too: 0.30% for XXSC.L and 0.19% for VWCE.DE.
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