DBOEY vs. FXAIX

Last updated Jul 11, 2026

DBOEY (Deutsche Boerse AG ADR) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DBOEY returned 15.45%/yr vs 15.35%/yr for FXAIX. At a 0.41 correlation, their price movements are largely independent.

Performance

DBOEY vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Deutsche Boerse AG ADR (DBOEY) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBOEY achieves a 9.86% return, which is significantly lower than FXAIX's 10.87% return. Both investments have delivered pretty close results over the past 10 years, with DBOEY having a 15.45% annualized return and FXAIX not far behind at 15.35%.

DBOEY

• 1D: -1.18%
• 1M: -1.42%
• 6M: 17.07%
• YTD: 9.86%
• 1Y: -7.40%
• 3Y*: 19.39%
• 5Y*: 12.75%
• 10Y*: 15.45%

FXAIX

• 1D: 0.82%
• 1M: 1.58%
• 6M: 8.91%
• YTD: 10.87%
• 1Y: 21.93%
• 3Y*: 21.20%
• 5Y*: 13.14%
• 10Y*: 15.35%

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

DBOEY vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBOEY Deutsche Boerse AG ADR	9.86%	15.89%	14.37%	22.36%	5.51%	-0.35%	9.85%	32.55%	4.89%	51.57%
FXAIX Fidelity 500 Index Fund	10.87%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between DBOEY and FXAIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 4, 2011	0.41

Over the past year, the correlation between DBOEY and FXAIX has dropped to 0.09 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

DBOEY vs. FXAIX — Risk / Return Rank

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

DBOEY

DBOEY Risk / Return Rank: 30
DBOEY Sharpe Ratio Rank: 29
DBOEY Sortino Ratio Rank: 25
DBOEY Omega Ratio Rank: 26
DBOEY Calmar Ratio Rank: 34
DBOEY Martin Ratio Rank: 33

FXAIX

FXAIX Risk / Return Rank: 65
FXAIX Sharpe Ratio Rank: 64
FXAIX Sortino Ratio Rank: 59
FXAIX Omega Ratio Rank: 61
FXAIX Calmar Ratio Rank: 65
FXAIX Martin Ratio Rank: 77

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.

DBOEY vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deutsche Boerse AG ADR (DBOEY) and Fidelity 500 Index Fund (FXAIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DBOEY	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	1.76	-2.10
Sortino ratio: Return per unit of downside risk	-0.37	2.42	-2.78
Omega ratio: Gain probability vs. loss probability	0.96	1.32	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.34	2.47	-2.81
Martin ratio: Return relative to average drawdown	-0.63	10.85	-11.47

DBOEY vs. FXAIX - Sharpe Ratio Comparison

The current DBOEY Sharpe Ratio is -0.35, which is lower than the FXAIX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of DBOEY and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBOEY vs. FXAIX - Drawdown Comparison

The maximum DBOEY drawdown since its inception was -56.48%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for DBOEY and FXAIX.

Drawdown Indicators

	DBOEY	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.48%	-33.79%	-22.69%
Max Drawdown (1Y) Largest decline over 1 year	-24.75%	-8.89%	-15.86%
Max Drawdown (3Y) Largest decline over 3 years	-28.71%	-18.76%	-9.95%
Max Drawdown (5Y) Largest decline over 5 years	-28.71%	-24.50%	-4.21%
Max Drawdown (10Y) Largest decline over 10 years	-38.66%	-33.79%	-4.87%
Current Drawdown Current decline from peak	-12.27%	-0.74%	-11.53%
Average Drawdown Average peak-to-trough decline	-12.97%	-3.78%	-9.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.93%	2.02%	+11.91%

Volatility

DBOEY vs. FXAIX - Volatility Comparison

Deutsche Boerse AG ADR (DBOEY) has a higher volatility of 7.23% compared to Fidelity 500 Index Fund (FXAIX) at 4.27%. This indicates that DBOEY's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBOEY	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	4.27%	+2.96%
Volatility (6M) Calculated over the trailing 6-month period	17.72%	9.96%	+7.76%
Volatility (1Y) Calculated over the trailing 1-year period	23.90%	12.53%	+11.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.32%	17.02%	+5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.37%	18.05%	+5.32%

Dividends

DBOEY vs. FXAIX - Dividend Comparison

DBOEY's dividend yield for the trailing twelve months is around 1.75%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBOEY Deutsche Boerse AG ADR	1.75%	1.71%	1.76%	1.93%	2.05%	1.38%	1.21%	1.27%	1.64%	3.82%	5.49%	2.63%
FXAIX Fidelity 500 Index Fund	0.79%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both DBOEY and FXAIX in my portfolio?

DBOEY and FXAIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBOEY or FXAIX?

DBOEY has higher volatility (7.23%) compared to FXAIX (4.27%). In terms of maximum drawdown, DBOEY dropped -56.48% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (1.76 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.