Low cost global ETF

ChesterDog

Google Finance seems to be trying to correct itself.

This morning, peak (yesterday) shown as above 1.56m

But this afternoon,  it says it was only ever 1.5m, but in trying to correct that, it has pulled down the whole chart instead of chopping off the peak.

ChesterDog

It's now reverted to the earlier chart and values (the one shown second, above), still with the "erroneous" peak.

The computers are having a bad day.

TBC15

The ETF that caught my eye and that I’m currently invested in is Xtrackers MSCI World Momentum UCITS ETF 1C (XDEM). Performance appears superior to the often mentioned HSBC FTSE all World Index Fund C.

cloud_dog

Just compared it against HMWO (just out of interest) and the fund is up 0.5% over a 5 year period*, with some of that time outperforming my reference fund and some of the time under performing my reference fund.

I only post as a comment, as I was a little intrigued by the fund.

* EDIT:  0.5% annualised difference, so slightly more than I initially indicated.

TBC15

cloud_dog said:

Just compared it against HMWO (just out of interest) and the fund is up 0.5% over a 5 year period, with some of that time outperforming my reference fund and some of the time under performing my reference fund.

I only post as a comment, as I was a little intrigued by the fund.

A quick eye ball on HL gives me XDEM ahead of HMWO over 1,3,5 and 10years by 10%,7%,20% and 100% approx.

masonic

TBC15 said:

cloud_dog said:

Just compared it against HMWO (just out of interest) and the fund is up 0.5% over a 5 year period, with some of that time outperforming my reference fund and some of the time under performing my reference fund.

I only post as a comment, as I was a little intrigued by the fund.

A quick eye ball on HL gives me XDEM ahead of HMWO over 1,3,5 and 10years by 10%,7%,20% and 100% approx.

It probably needs a more thorough analysis to avoid recency bias. Momentum is a strategy that does well during bull markets, but would underperform under other conditions. The past 1, 3, 5 and 10 years are dominated by bull markets. The next 1, 3, 5, or 10 years might not be.

cloud_dog

TBC15 said:

cloud_dog said:

Just compared it against HMWO (just out of interest) and the fund is up 0.5% over a 5 year period, with some of that time outperforming my reference fund and some of the time under performing my reference fund.

I only post as a comment, as I was a little intrigued by the fund.

A quick eye ball on HL gives me XDEM ahead of HMWO over 1,3,5 and 10years by 10%,7%,20% and 100% approx.

Mine was just a very quick comparison, and I simply chucked the two funds into the FT.com 'compare' function.

noclaf

I was using JGRE for most of last year in my SIPP, it's an active JPM ETF with a reasonable  ongoing charge of 0.25% (seems to be lower now at 0.23%). I switched to SWDA end of last year as it's slightly cheaper and a larger ETF with similar if not better recent performance. 

S&S ISA in SWLD as more core holding and LISA 100% in VEVE.

I am trying to avoid too much tinkering so hoping to stick to current core ETF's for a while.

TBC15

cloud_dog said:

TBC15 said:

cloud_dog said:

Just compared it against HMWO (just out of interest) and the fund is up 0.5% over a 5 year period, with some of that time outperforming my reference fund and some of the time under performing my reference fund.

I only post as a comment, as I was a little intrigued by the fund.

A quick eye ball on HL gives me XDEM ahead of HMWO over 1,3,5 and 10years by 10%,7%,20% and 100% approx.

Mine was just a very quick comparison, and I simply chucked the two funds into the FT.com 'compare' function.

Interesting.

I don’t have access to FT.com, so I went over to Morningstar and ran a comparison. Some of the results were markedly different from what HLs graphs would suggest. HL 1,3,5 and 10 yrs 10%,7%.20% and 100% ish. Morningstar 1,3,5 and 10 yrs  9.5%,2%,4% and 55%.

I must admit I’m surprised, whose free information can you trust?

cloud_dog

Utilisation of FT.com fund comparison function is FoC, if you desperately wanted to look 🫣