DAXX.L vs. 500G.L
DAXX.L (Lyxor DAX (DR) UCITS ETF - Acc) and 500G.L (Amundi S&P 500 Swap UCITS ETF USD Acc) are both exchange-traded funds - DAXX.L is a Europe Equities fund tracking the FSE DAX TR EUR, while 500G.L is a S&P 500 fund tracking the S&P 500. Both are passively managed. Over the past 10 years, DAXX.L returned 9.91%/yr vs 16.24%/yr for 500G.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
DAXX.L vs. 500G.L - Performance Comparison
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Returns By Period
In the year-to-date period, DAXX.L achieves a 0.50% return, which is significantly lower than 500G.L's 10.57% return. Over the past 10 years, DAXX.L has underperformed 500G.L with an annualized return of 9.91%, while 500G.L has yielded a comparatively higher 16.24% annualized return.
DAXX.L
- 1D
- 0.65%
- 1M
- -0.09%
- YTD
- 0.50%
- 6M
- 2.40%
- 1Y
- 4.76%
- 3Y*
- 15.60%
- 5Y*
- 9.26%
- 10Y*
- 9.91%
500G.L
- 1D
- -0.04%
- 1M
- 4.53%
- YTD
- 10.57%
- 6M
- 9.87%
- 1Y
- 29.10%
- 3Y*
- 19.12%
- 5Y*
- 15.05%
- 10Y*
- 16.24%
DAXX.L vs. 500G.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAXX.L Lyxor DAX (DR) UCITS ETF - Acc | 0.50% | 28.48% | 13.18% | 17.11% | -7.69% | 7.55% | 9.67% | 16.14% | -17.07% | 16.46% |
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc | 10.57% | 9.44% | 27.44% | 19.89% | -8.86% | 31.35% | 13.81% | 27.01% | 0.05% | 10.79% |
Correlation
The correlation between DAXX.L and 500G.L is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.65 |
The correlation between DAXX.L and 500G.L shifts across timeframes, from 0.48 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DAXX.L vs. 500G.L — Risk / Return Rank
DAXX.L
500G.L
DAXX.L vs. 500G.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor DAX (DR) UCITS ETF - Acc (DAXX.L) and Amundi S&P 500 Swap UCITS ETF USD Acc (500G.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.
| DAXX.L | 500G.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.51 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 4.08 | -3.69 |
| Martin ratioReturn relative to average drawdown | 1.26 | 15.27 | -14.01 |
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
| DAXX.L | 500G.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.76 | -2.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.05 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 1.05 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.07 | -0.60 |
Drawdowns
DAXX.L vs. 500G.L - Drawdown Comparison
The maximum DAXX.L drawdown since its inception was -35.41%, which is greater than 500G.L's maximum drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for DAXX.L and 500G.L.
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Drawdown Indicators
| DAXX.L | 500G.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.41% | -25.52% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -7.12% | -5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -21.12% | +7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -21.12% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | -25.52% | -9.89% |
Current DrawdownCurrent decline from peak | -3.20% | -0.22% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -3.29% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 1.91% | +2.15% |
Volatility
DAXX.L vs. 500G.L - Volatility Comparison
Lyxor DAX (DR) UCITS ETF - Acc (DAXX.L) has a higher volatility of 4.74% compared to Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) at 2.65%. This indicates that DAXX.L's price experiences larger fluctuations and is considered to be riskier than 500G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAXX.L | 500G.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 2.65% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 7.13% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 10.55% | +4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 14.31% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 15.54% | +2.48% |
DAXX.L vs. 500G.L - Expense Ratio Comparison
Both DAXX.L and 500G.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DAXX.L vs. 500G.L - Dividend Comparison
Neither DAXX.L nor 500G.L has paid dividends to shareholders.
Frequently Asked Questions
DAXX.L and 500G.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DAXX.L and 500G.L have the same expense ratio: 0.15% per year.
DAXX.L is categorized as Europe Equities, while 500G.L is S&P 500. DAXX.L tracks FSE DAX TR EUR, while 500G.L tracks S&P 500.
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