XXTW.L vs. XDAX.L
XXTW.L (Xtrackers MSCI World Information Technology UCITS ETF) and XDAX.L (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - XXTW.L is a Technology Equities fund tracking the MSCI World Information Technology 20/35 Custom index, while XDAX.L is a Europe Equities fund tracking the FSE DAX TR EUR. Both are passively managed. Over the past year, XXTW.L returned 51.91% vs 5.08% for XDAX.L. At a 0.46 correlation, their price movements are largely independent. XXTW.L charges 0.25%/yr vs 0.09%/yr for XDAX.L.
Performance
XXTW.L vs. XDAX.L - Performance Comparison
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Different Trading Currencies
XXTW.L is traded in GBP, while XDAX.L is traded in GBp. To make them comparable, the XDAX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XXTW.L achieves a 24.48% return, which is significantly higher than XDAX.L's 0.31% return.
XXTW.L
- 1D
- -1.87%
- 1M
- 12.87%
- YTD
- 24.48%
- 6M
- 22.47%
- 1Y
- 51.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDAX.L
- 1D
- 0.66%
- 1M
- 2.21%
- YTD
- 0.31%
- 6M
- 2.98%
- 1Y
- 5.08%
- 3Y*
- 15.60%
- 5Y*
- 9.31%
- 10Y*
- —
XXTW.L vs. XDAX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF | 24.48% | 13.82% | 36.21% | 14.56% |
XDAX.L Xtrackers DAX UCITS ETF 1C | 0.31% | 28.81% | 13.14% | 6.39% |
Correlation
The correlation between XXTW.L and XDAX.L is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.46 |
The correlation between XXTW.L and XDAX.L has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
XXTW.L vs. XDAX.L — Risk / Return Rank
XXTW.L
XDAX.L
XXTW.L vs. XDAX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) and Xtrackers DAX UCITS ETF 1C (XDAX.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.
| XXTW.L | XDAX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.07 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 0.39 | +2.75 |
| Martin ratioReturn relative to average drawdown | 8.22 | 1.27 | +6.95 |
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
| XXTW.L | XDAX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 0.33 | +2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.39 | +1.12 |
Drawdowns
XXTW.L vs. XDAX.L - Drawdown Comparison
The maximum XXTW.L drawdown since its inception was -28.44%, smaller than the maximum XDAX.L drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for XXTW.L and XDAX.L.
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Drawdown Indicators
| XXTW.L | XDAX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.44% | -37.09% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.79% | -12.83% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.44% | — |
Current DrawdownCurrent decline from peak | -2.31% | -3.19% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -6.71% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 4.01% | +2.42% |
Volatility
XXTW.L vs. XDAX.L - Volatility Comparison
Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) has a higher volatility of 6.76% compared to Xtrackers DAX UCITS ETF 1C (XDAX.L) at 4.71%. This indicates that XXTW.L's price experiences larger fluctuations and is considered to be riskier than XDAX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XXTW.L | XDAX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 4.71% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 12.39% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 15.15% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 16.93% | +4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 18.76% | +2.72% |
XXTW.L vs. XDAX.L - Expense Ratio Comparison
XXTW.L has a 0.25% expense ratio, which is higher than XDAX.L's 0.09% 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
XXTW.L vs. XDAX.L - Dividend Comparison
Neither XXTW.L nor XDAX.L has paid dividends to shareholders.
Frequently Asked Questions
XXTW.L and XDAX.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDAX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDAX.L is cheaper with a 0.09% expense ratio, compared with 0.25% for XXTW.L.
XXTW.L is categorized as Technology Equities, while XDAX.L is Europe Equities. XXTW.L tracks MSCI World Information Technology 20/35 Custom index, while XDAX.L tracks FSE DAX TR EUR. Their fees differ too: 0.25% for XXTW.L and 0.09% for XDAX.L.
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