XXSC.L vs. XFSN.L

Last updated Jul 21, 2026

XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while XFSN.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. XXSC.L charges 0.30%/yr vs 0.35%/yr for XFSN.L.

Performance

XXSC.L vs. XFSN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XXSC.L is traded in GBp, while XFSN.L is traded in GBP. To make them comparable, the XFSN.L 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 4.57% return, which is significantly higher than XFSN.L's -3.95% return.

XXSC.L

• 1D: -0.41%
• 1M: -1.23%
• 6M: 2.55%
• YTD: 4.57%
• 1Y: 8.16%
• 3Y*: 10.65%
• 5Y*: 3.97%
• 10Y*: 7.99%
• ALL TIME*: 4.76%

XFSN.L

• 1D: 0.00%
• 1M: 0.18%
• 6M: -1.54%
• YTD: -3.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

XXSC.L vs. XFSN.L - Yearly Performance Comparison

	2026 (YTD)	2025
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	4.57%	2.26%
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C	-3.95%	-3.10%

Correlation

The correlation between XXSC.L and XFSN.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025	0.53

Return for Risk

XXSC.L vs. XFSN.L — Risk / Return Rank

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

XXSC.L

XXSC.L Risk / Return Rank: 24
XXSC.L Sharpe Ratio Rank: 24
XXSC.L Sortino Ratio Rank: 23
XXSC.L Omega Ratio Rank: 23
XXSC.L Calmar Ratio Rank: 23
XXSC.L Martin Ratio Rank: 26

XFSN.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

XXSC.L vs. XFSN.L - 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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.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.

	XXSC.L	XFSN.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	—	—
Sortino ratio: Return per unit of downside risk	0.98	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.75	—	—
Martin ratio: Return relative to average drawdown	2.57	—	—

Drawdowns

XXSC.L vs. XFSN.L - Drawdown Comparison

The maximum XXSC.L drawdown since its inception was -74.17%, which is greater than XFSN.L's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for XXSC.L and XFSN.L.

Drawdown Indicators

	XXSC.L	XFSN.L	Difference
Max Drawdown Largest peak-to-trough decline	-74.17%	-41.92%	-32.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.75%	—	—
Current Drawdown Current decline from peak	-3.17%	-33.21%	+30.04%
Average Drawdown Average peak-to-trough decline	-20.56%	-27.38%	+6.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	—	—

Volatility

Volatility by Period

	XXSC.L	XFSN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	47.72%	-34.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.53%	47.72%	-27.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	47.72%	-29.53%

XXSC.L vs. XFSN.L - Expense Ratio Comparison

XXSC.L has a 0.30% expense ratio, which is lower than XFSN.L's 0.35% expense ratio.

Dividends

XXSC.L vs. XFSN.L - Dividend Comparison

Neither XXSC.L nor XFSN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XXSC.L and XFSN.L in my portfolio?

XXSC.L and XFSN.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXSC.L or XFSN.L?

On fees, XXSC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXSC.L or XFSN.L?

XXSC.L is cheaper with a 0.30% expense ratio, compared with 0.35% for XFSN.L.

What is the main difference between XXSC.L and XFSN.L?

XXSC.L is categorized as Europe Equities, while XFSN.L is Technology Equities. XXSC.L tracks MSCI Europe Small Cap NR EUR, while XFSN.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.30% for XXSC.L and 0.35% for XFSN.L.