XZW0.DE vs. MVEW.DE
XZW0.DE (Xtrackers MSCI World ESG UCITS ETF 1C) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - XZW0.DE tracks the MSCI World Low Carbon SRI Leaders while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, XZW0.DE returned 12.44%/yr vs 6.47%/yr for MVEW.DE. A 0.74 correlation means they provide meaningful diversification when combined. XZW0.DE charges 0.20%/yr vs 0.30%/yr for MVEW.DE.
Performance
XZW0.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZW0.DE achieves a 7.60% return, which is significantly higher than MVEW.DE's 1.17% return.
XZW0.DE
- 1D
- 0.53%
- 1M
- 3.19%
- YTD
- 7.60%
- 6M
- 8.16%
- 1Y
- 20.03%
- 3Y*
- 16.56%
- 5Y*
- 12.44%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
XZW0.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XZW0.DE Xtrackers MSCI World ESG UCITS ETF 1C | 7.60% | 6.65% | 27.16% | 22.75% | -16.66% | 37.46% | 17.79% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between XZW0.DE and MVEW.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.74 |
Over the past year, the correlation between XZW0.DE and MVEW.DE has dropped to 0.41 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
XZW0.DE vs. MVEW.DE — Risk / Return Rank
XZW0.DE
MVEW.DE
XZW0.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ESG UCITS ETF 1C (XZW0.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| XZW0.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.02 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.10 | +1.85 |
| Martin ratioReturn relative to average drawdown | 7.27 | 0.20 | +7.07 |
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
| XZW0.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.06 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.62 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.63 | +0.17 |
Drawdowns
XZW0.DE vs. MVEW.DE - Drawdown Comparison
The maximum XZW0.DE drawdown since its inception was -33.22%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for XZW0.DE and MVEW.DE.
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Drawdown Indicators
| XZW0.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.22% | -13.19% | -20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -4.68% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -13.19% | -9.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -13.19% | -9.17% |
Current DrawdownCurrent decline from peak | -0.58% | -5.75% | +5.17% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -3.83% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.27% | +0.49% |
Volatility
XZW0.DE vs. MVEW.DE - Volatility Comparison
Xtrackers MSCI World ESG UCITS ETF 1C (XZW0.DE) has a higher volatility of 3.11% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that XZW0.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZW0.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.58% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 5.42% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 7.97% | +4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 10.25% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 10.82% | +5.56% |
XZW0.DE vs. MVEW.DE - Expense Ratio Comparison
XZW0.DE has a 0.20% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
XZW0.DE vs. MVEW.DE - Dividend Comparison
Neither XZW0.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XZW0.DE and MVEW.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZW0.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZW0.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for MVEW.DE.
XZW0.DE tracks MSCI World Low Carbon SRI Leaders, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XZW0.DE and 0.30% for MVEW.DE.
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