XXTW.L vs. XS2D.L

Last updated Jun 5, 2026

XXTW.L (Xtrackers MSCI World Information Technology UCITS ETF) and XS2D.L (Xtrackers S&P 500 2x Leveraged Daily Swap 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 XS2D.L is a Leveraged Equities fund tracking the S&P 500 2x Leveraged Daily Index. Both are passively managed. Over the past year, XXTW.L returned 51.91% vs 54.58% for XS2D.L. Their correlation of 0.83 suggests significant overlap in exposure. XXTW.L charges 0.25%/yr vs 0.60%/yr for XS2D.L.

Performance

XXTW.L vs. XS2D.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) and Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XXTW.L is traded in GBP, while XS2D.L is traded in USD. To make them comparable, the XS2D.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 XS2D.L's 19.09% return.

XXTW.L

• 1D: -1.87%
• 1M: 12.87%
• YTD: 24.48%
• 6M: 22.47%
• 1Y: 51.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XS2D.L

• 1D: -0.03%
• 1M: 7.48%
• YTD: 19.09%
• 6M: 18.26%
• 1Y: 54.58%
• 3Y*: 34.86%
• 5Y*: 21.70%
• 10Y*: 25.23%

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

XXTW.L vs. XS2D.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%
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	19.09%	17.56%	48.20%	11.59%

Correlation

The correlation between XXTW.L and XS2D.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023	0.83

The correlation between XXTW.L and XS2D.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

XXTW.L vs. XS2D.L — Risk / Return Rank

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

XXTW.L

XXTW.L Risk / Return Rank: 71
XXTW.L Sharpe Ratio Rank: 84
XXTW.L Sortino Ratio Rank: 79
XXTW.L Omega Ratio Rank: 76
XXTW.L Calmar Ratio Rank: 64
XXTW.L Martin Ratio Rank: 49

XS2D.L

XS2D.L Risk / Return Rank: 68
XS2D.L Sharpe Ratio Rank: 71
XS2D.L Sortino Ratio Rank: 69
XS2D.L Omega Ratio Rank: 65
XS2D.L Calmar Ratio Rank: 65
XS2D.L Martin Ratio Rank: 72

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.

XXTW.L vs. XS2D.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 S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.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	XS2D.L	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.42	+0.31
Sortino ratio: Return per unit of downside risk	3.51	3.17	+0.34
Omega ratio: Gain probability vs. loss probability	1.45	1.41	+0.03
Calmar ratio: Return relative to maximum drawdown	3.14	3.48	-0.34
Martin ratio: Return relative to average drawdown	8.22	13.12	-4.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XXTW.L vs. XS2D.L - Sharpe Ratio Comparison

The current XXTW.L Sharpe Ratio is 2.73, which is comparable to the XS2D.L Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of XXTW.L and XS2D.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.

Sharpe Ratios by Period

	XXTW.L	XS2D.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	2.42	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.86	+0.66

Drawdowns

XXTW.L vs. XS2D.L - Drawdown Comparison

The maximum XXTW.L drawdown since its inception was -28.44%, smaller than the maximum XS2D.L drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for XXTW.L and XS2D.L.

Drawdown Indicators

	XXTW.L	XS2D.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.44%	-54.44%	+26.00%
Max Drawdown (1Y) Largest decline over 1 year	-16.79%	-15.77%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.20%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.44%	—
Current Drawdown Current decline from peak	-2.31%	-0.79%	-1.52%
Average Drawdown Average peak-to-trough decline	-5.02%	-8.14%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	4.20%	+2.23%

Volatility

XXTW.L vs. XS2D.L - Volatility Comparison

Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) has a higher volatility of 6.76% compared to Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) at 6.33%. This indicates that XXTW.L's price experiences larger fluctuations and is considered to be riskier than XS2D.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XXTW.L	XS2D.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	6.33%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	14.37%	16.32%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	19.30%	22.67%	-3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	30.08%	-8.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.48%	31.28%	-9.80%

XXTW.L vs. XS2D.L - Expense Ratio Comparison

XXTW.L has a 0.25% expense ratio, which is lower than XS2D.L's 0.60% expense ratio.

Dividends

XXTW.L vs. XS2D.L - Dividend Comparison

Neither XXTW.L nor XS2D.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XXTW.L and XS2D.L in my portfolio?

XXTW.L and XS2D.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXTW.L or XS2D.L?

On fees, XXTW.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXTW.L or XS2D.L?

XXTW.L is cheaper with a 0.25% expense ratio, compared with 0.60% for XS2D.L.

What is the main difference between XXTW.L and XS2D.L?

XXTW.L is categorized as Technology Equities, while XS2D.L is Leveraged Equities. XXTW.L tracks MSCI World Information Technology 20/35 Custom index, while XS2D.L tracks S&P 500 2x Leveraged Daily Index. Their fees differ too: 0.25% for XXTW.L and 0.60% for XS2D.L.