XZWG.DE vs. XUIN.DE

Last updated Jun 5, 2026

XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and XUIN.DE (Xtrackers MSCI USA Industrials UCITS ETF 1D) are both exchange-traded funds - XZWG.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg EUR, while XUIN.DE is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, XZWG.DE returned -0.15%/yr vs 19.11%/yr for XUIN.DE. At a 0.10 correlation, their price movements are largely independent. XZWG.DE charges 0.20%/yr vs 0.12%/yr for XUIN.DE.

Performance

XZWG.DE vs. XUIN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) and Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZWG.DE achieves a 0.27% return, which is significantly lower than XUIN.DE's 14.33% return.

XZWG.DE

• 1D: 0.08%
• 1M: 0.23%
• YTD: 0.27%
• 6M: -0.11%
• 1Y: -1.04%
• 3Y*: -0.15%
• 5Y*: —
• 10Y*: —

XUIN.DE

• 1D: -0.21%
• 1M: 0.53%
• YTD: 14.33%
• 6M: 14.79%
• 1Y: 21.50%
• 3Y*: 19.11%
• 5Y*: 13.45%
• 10Y*: —

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

XZWG.DE vs. XUIN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF	0.27%	-4.17%	1.51%	2.50%	-16.73%	-1.34%
XUIN.DE Xtrackers MSCI USA Industrials UCITS ETF 1D	14.33%	6.01%	23.58%	16.69%	-1.88%	2.10%

Correlation

The correlation between XZWG.DE and XUIN.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.10

Over the past year, XZWG.DE and XUIN.DE have become more correlated (0.31) than their long-term average of 0.10, meaning their price movements have been converging.

Return for Risk

XZWG.DE vs. XUIN.DE — Risk / Return Rank

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

XZWG.DE

XZWG.DE Risk / Return Rank: 5
XZWG.DE Sharpe Ratio Rank: 6
XZWG.DE Sortino Ratio Rank: 5
XZWG.DE Omega Ratio Rank: 5
XZWG.DE Calmar Ratio Rank: 5
XZWG.DE Martin Ratio Rank: 5

XUIN.DE

XUIN.DE Risk / Return Rank: 45
XUIN.DE Sharpe Ratio Rank: 43
XUIN.DE Sortino Ratio Rank: 43
XUIN.DE Omega Ratio Rank: 41
XUIN.DE Calmar Ratio Rank: 49
XUIN.DE Martin Ratio Rank: 47

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.

XZWG.DE vs. XUIN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) and Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.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.

	XZWG.DE	XUIN.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	1.47	-1.82
Sortino ratio: Return per unit of downside risk	-0.45	2.17	-2.62
Omega ratio: Gain probability vs. loss probability	0.95	1.26	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.51	2.39	-2.90
Martin ratio: Return relative to average drawdown	-0.97	7.70	-8.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZWG.DE vs. XUIN.DE - Sharpe Ratio Comparison

The current XZWG.DE Sharpe Ratio is -0.35, which is lower than the XUIN.DE Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of XZWG.DE and XUIN.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

	XZWG.DE	XUIN.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	1.47	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	0.98	-1.61

Drawdowns

XZWG.DE vs. XUIN.DE - Drawdown Comparison

The maximum XZWG.DE drawdown since its inception was -20.85%, smaller than the maximum XUIN.DE drawdown of -22.79%. Use the drawdown chart below to compare losses from any high point for XZWG.DE and XUIN.DE.

Drawdown Indicators

	XZWG.DE	XUIN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.85%	-22.79%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-8.83%	+6.17%
Max Drawdown (3Y) Largest decline over 3 years	-7.10%	-22.79%	+15.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.79%	—
Current Drawdown Current decline from peak	-17.96%	-0.21%	-17.75%
Average Drawdown Average peak-to-trough decline	-15.29%	-3.81%	-11.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	2.74%	-1.33%

Volatility

XZWG.DE vs. XUIN.DE - Volatility Comparison

The current volatility for Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) is 1.43%, while Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.DE) has a volatility of 3.92%. This indicates that XZWG.DE experiences smaller price fluctuations and is considered to be less risky than XUIN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZWG.DE	XUIN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	3.92%	-2.49%
Volatility (6M) Calculated over the trailing 6-month period	2.90%	10.90%	-8.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	14.37%	-10.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.68%	16.64%	-9.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.68%	16.71%	-10.03%

XZWG.DE vs. XUIN.DE - Expense Ratio Comparison

XZWG.DE has a 0.20% expense ratio, which is higher than XUIN.DE's 0.12% 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

XZWG.DE vs. XUIN.DE - Dividend Comparison

XZWG.DE's dividend yield for the trailing twelve months is around 2.58%, more than XUIN.DE's 0.90% yield.

Position	TTM	2025	2024	2023	2022
XUIN.DE Xtrackers MSCI USA Industrials UCITS ETF 1D	0.90%	1.07%	1.07%	1.20%	0.65%
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF	2.58%	2.53%	2.56%	1.74%	1.16%

Frequently Asked Questions

Can I hold both XZWG.DE and XUIN.DE in my portfolio?

XZWG.DE and XUIN.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZWG.DE or XUIN.DE?

On fees, XUIN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZWG.DE or XUIN.DE?

XUIN.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for XZWG.DE.

What is the main difference between XZWG.DE and XUIN.DE?

XZWG.DE is categorized as Global Bonds, while XUIN.DE is Industrials Equities. XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR, while XUIN.DE tracks MSCI World/Materials NR USD. Their fees differ too: 0.20% for XZWG.DE and 0.12% for XUIN.DE.