XZW0.DE vs. XMAW.DE

Last updated Jun 5, 2026

XZW0.DE (Xtrackers MSCI World ESG UCITS ETF 1C) and XMAW.DE (Xtrackers MSCI AC World ESG Screened UCITS ETF 1C) are both Global Equities funds from Xtrackers - XZW0.DE tracks the MSCI World Low Carbon SRI Leaders while XMAW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, XZW0.DE returned 12.44%/yr vs 12.21%/yr for XMAW.DE. With a 0.97 correlation, they move nearly in lockstep. XZW0.DE charges 0.20%/yr vs 0.25%/yr for XMAW.DE.

Performance

XZW0.DE vs. XMAW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World ESG UCITS ETF 1C (XZW0.DE) and Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZW0.DE achieves a 7.60% return, which is significantly lower than XMAW.DE's 12.49% 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*: —

XMAW.DE

• 1D: -0.19%
• 1M: 3.99%
• YTD: 12.49%
• 6M: 12.66%
• 1Y: 26.81%
• 3Y*: 18.18%
• 5Y*: 12.21%
• 10Y*: 12.33%

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

XZW0.DE vs. XMAW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XZW0.DE Xtrackers MSCI World ESG UCITS ETF 1C	7.60%	6.65%	27.16%	22.75%	-16.66%	37.46%	5.71%	33.05%	-6.04%
XMAW.DE Xtrackers MSCI AC World ESG Screened UCITS ETF 1C	12.49%	8.98%	25.39%	19.46%	-15.01%	28.71%	5.50%	30.15%	-7.75%

Correlation

The correlation between XZW0.DE and XMAW.DE is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since May 14, 2018	0.97

The correlation between XZW0.DE and XMAW.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

XZW0.DE vs. XMAW.DE — Risk / Return Rank

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

XZW0.DE

XZW0.DE Risk / Return Rank: 46
XZW0.DE Sharpe Ratio Rank: 48
XZW0.DE Sortino Ratio Rank: 47
XZW0.DE Omega Ratio Rank: 48
XZW0.DE Calmar Ratio Rank: 40
XZW0.DE Martin Ratio Rank: 45

XMAW.DE

XMAW.DE Risk / Return Rank: 72
XMAW.DE Sharpe Ratio Rank: 68
XMAW.DE Sortino Ratio Rank: 69
XMAW.DE Omega Ratio Rank: 70
XMAW.DE Calmar Ratio Rank: 74
XMAW.DE Martin Ratio Rank: 78

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.

XZW0.DE vs. XMAW.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 Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.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	XMAW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.22	-0.59
Sortino ratio: Return per unit of downside risk	2.30	3.11	-0.81
Omega ratio: Gain probability vs. loss probability	1.30	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	1.95	3.68	-1.73
Martin ratio: Return relative to average drawdown	7.27	14.79	-7.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZW0.DE vs. XMAW.DE - Sharpe Ratio Comparison

The current XZW0.DE Sharpe Ratio is 1.63, which is comparable to the XMAW.DE Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XZW0.DE and XMAW.DE, 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

	XZW0.DE	XMAW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.22	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.84	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.77	+0.03

Drawdowns

XZW0.DE vs. XMAW.DE - Drawdown Comparison

The maximum XZW0.DE drawdown since its inception was -33.22%, roughly equal to the maximum XMAW.DE drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for XZW0.DE and XMAW.DE.

Drawdown Indicators

	XZW0.DE	XMAW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.22%	-33.49%	+0.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.30%	-7.30%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-22.10%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-22.36%	-22.10%	-0.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.49%	—
Current Drawdown Current decline from peak	-0.58%	-0.67%	+0.09%
Average Drawdown Average peak-to-trough decline	-5.11%	-4.90%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.82%	+0.94%

Volatility

XZW0.DE vs. XMAW.DE - Volatility Comparison

Xtrackers MSCI World ESG UCITS ETF 1C (XZW0.DE) and Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.DE) have volatilities of 3.11% and 3.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZW0.DE	XMAW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	3.16%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	8.70%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	12.11%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.88%	14.30%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	15.23%	+1.15%

XZW0.DE vs. XMAW.DE - Expense Ratio Comparison

XZW0.DE has a 0.20% expense ratio, which is lower than XMAW.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XZW0.DE vs. XMAW.DE - Dividend Comparison

Neither XZW0.DE nor XMAW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZW0.DE and XMAW.DE in my portfolio?

With a correlation of 0.95, XZW0.DE and XMAW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XZW0.DE or XMAW.DE?

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.

Which ETF is cheaper, XZW0.DE or XMAW.DE?

XZW0.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XMAW.DE.

What is the main difference between XZW0.DE and XMAW.DE?

XZW0.DE tracks MSCI World Low Carbon SRI Leaders, while XMAW.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.20% for XZW0.DE and 0.25% for XMAW.DE.