DBX3.DE vs. XDEW.DE
DBX3.DE (Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - DBX3.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America Low Carbon SRI Leaders, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, DBX3.DE returned 3.53%/yr vs 11.04%/yr for XDEW.DE. At a 0.48 correlation, their price movements are largely independent. DBX3.DE charges 0.40%/yr vs 0.20%/yr for XDEW.DE.
Performance
DBX3.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBX3.DE achieves a 12.61% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, DBX3.DE has underperformed XDEW.DE with an annualized return of 3.53%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
DBX3.DE
- 1D
- -0.68%
- 1M
- -0.48%
- 6M
- 5.70%
- YTD
- 12.61%
- 1Y
- 33.32%
- 3Y*
- 8.38%
- 5Y*
- 5.73%
- 10Y*
- 3.53%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
DBX3.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBX3.DE Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C | 12.61% | 40.51% | -24.95% | 22.19% | 10.57% | -13.63% | -21.51% | 21.33% | -3.40% | 7.06% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between DBX3.DE and XDEW.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.48 |
The correlation between DBX3.DE and XDEW.DE shifts across timeframes, from 0.32 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBX3.DE vs. XDEW.DE — Risk / Return Rank
DBX3.DE
XDEW.DE
DBX3.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
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.
| DBX3.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.91 | -1.49 |
| Martin ratioReturn relative to average drawdown | 7.12 | 12.05 | -4.93 |
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Drawdowns
DBX3.DE vs. XDEW.DE - Drawdown Comparison
The maximum DBX3.DE drawdown since its inception was -60.04%, which is greater than XDEW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for DBX3.DE and XDEW.DE.
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Drawdown Indicators
| DBX3.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.04% | -38.79% | -21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -5.06% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.38% | -22.70% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -22.70% | -3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -51.11% | -38.79% | -12.32% |
Current DrawdownCurrent decline from peak | -8.18% | -0.61% | -7.57% |
Average DrawdownAverage peak-to-trough decline | -25.02% | -5.33% | -19.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 1.65% | +3.02% |
Volatility
DBX3.DE vs. XDEW.DE - Volatility Comparison
Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) has a higher volatility of 3.83% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that DBX3.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBX3.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 2.81% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 6.82% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 10.43% | +8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 14.90% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 16.80% | +8.59% |
DBX3.DE vs. XDEW.DE - Expense Ratio Comparison
DBX3.DE has a 0.40% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
DBX3.DE vs. XDEW.DE - Dividend Comparison
Neither DBX3.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DBX3.DE and XDEW.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for DBX3.DE.
DBX3.DE is categorized as Latin America Equities, while XDEW.DE is S&P 500. DBX3.DE tracks MSCI Emerging Markets Latin America Low Carbon SRI Leaders, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.40% for DBX3.DE and 0.20% for XDEW.DE.
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