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DBXI.DE vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

DBXI.DE vs. ^GSPC

Last updated Jun 5, 2026

DBXI.DE (Xtrackers FTSE MIB UCITS ETF) is Europe Equities fund tracking the FTSE MIB, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, DBXI.DE returned 14.91%/yr vs 13.40%/yr for ^GSPC. At a 0.35 correlation, their price movements are largely independent.

Performance

DBXI.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers FTSE MIB UCITS ETF (DBXI.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DBXI.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DBXI.DE achieves a 14.49% return, which is significantly higher than ^GSPC's 12.06% return. Over the past 10 years, DBXI.DE has outperformed ^GSPC with an annualized return of 14.91%, while ^GSPC has yielded a comparatively lower 13.40% annualized return.

DBXI.DE

1D
0.21%
1M
4.80%
YTD
14.49%
6M
18.18%
1Y
30.62%
3Y*
28.95%
5Y*
19.73%
10Y*
14.91%

^GSPC

1D
0.27%
1M
5.17%
YTD
12.06%
6M
10.90%
1Y
24.89%
3Y*
17.85%
5Y*
13.43%
10Y*
13.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DBXI.DE vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DBXI.DE
Xtrackers FTSE MIB UCITS ETF		14.49%37.50%18.27%33.40%-9.08%26.51%-4.28%33.02%-14.48%16.46%
^GSPC
S&P 500 Index		12.06%2.58%31.45%20.51%-14.45%36.38%6.68%31.79%-1.84%4.74%

Correlation

The correlation between DBXI.DE and ^GSPC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.32

Correlation (10Y)
Calculated over the trailing 10-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2007

0.35

The correlation between DBXI.DE and ^GSPC shifts across timeframes, from 0.25 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers FTSE MIB UCITS ETF

S&P 500 Index

Often compared with DBXI.DE:
DBXI.DE vs. ENEL.MIDBXI.DE vs. CEMR.DEDBXI.DE vs. SRG.MIDBXI.DE vs. ARZGYDBXI.DE vs. SNADBXI.DE vs. SPYDBXI.DE vs. VTI
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

DBXI.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DBXI.DE
DBXI.DE Risk / Return Rank: 6060
Overall Rank
DBXI.DE Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
DBXI.DE Sortino Ratio Rank: 5757
Sortino Ratio Rank
DBXI.DE Omega Ratio Rank: 5656
Omega Ratio Rank
DBXI.DE Calmar Ratio Rank: 6464
Calmar Ratio Rank
DBXI.DE Martin Ratio Rank: 6464
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 8080
Overall Rank
^GSPC Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7979
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7979
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 7676
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8686
Martin Ratio Rank
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.

DBXI.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE MIB UCITS ETF (DBXI.DE) and S&P 500 Index (^GSPC). 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.

DBXI.DE^GSPCDifference
Sharpe ratioReturn per unit of total volatility
1.94
2.04

-0.09

Sortino ratioReturn per unit of downside risk
2.70
2.65

+0.04

Omega ratioGain probability vs. loss probability

1.34

1.37

-0.03

Calmar ratioReturn relative to maximum drawdown

3.17

3.30

-0.14

Martin ratioReturn relative to average drawdown

11.42

12.34

-0.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBXI.DE vs. ^GSPC - Sharpe Ratio Comparison

The current DBXI.DE Sharpe Ratio is 1.94, which is comparable to the ^GSPC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of DBXI.DE and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DBXI.DE^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.94

2.04

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

0.80

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.72

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.51

-0.31

Drawdowns

DBXI.DE vs. ^GSPC - Drawdown Comparison

The maximum DBXI.DE drawdown since its inception was -69.49%, which is greater than ^GSPC's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for DBXI.DE and ^GSPC.

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Drawdown Indicators

DBXI.DE^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-69.49%

-51.62%

-17.87%

Max Drawdown (1Y)

Largest decline over 1 year

-9.62%

-7.57%

-2.05%

Max Drawdown (3Y)

Largest decline over 3 years

-17.56%

-23.99%

+6.43%

Max Drawdown (5Y)

Largest decline over 5 years

-25.10%

-23.99%

-1.11%

Max Drawdown (10Y)

Largest decline over 10 years

-40.46%

-33.42%

-7.04%

Current Drawdown

Current decline from peak

-0.77%

-0.20%

-0.57%

Average Drawdown

Average peak-to-trough decline

-29.56%

-9.08%

-20.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

2.02%

+0.65%

Volatility

DBXI.DE vs. ^GSPC - Volatility Comparison

Xtrackers FTSE MIB UCITS ETF (DBXI.DE) has a higher volatility of 4.63% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that DBXI.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DBXI.DE^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

2.24%

+2.39%

Volatility (6M)

Calculated over the trailing 6-month period

12.34%

8.62%

+3.72%

Volatility (1Y)

Calculated over the trailing 1-year period

15.69%

12.29%

+3.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.31%

16.79%

+1.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.37%

18.59%

+1.78%

Frequently Asked Questions

DBXI.DE and ^GSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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