DBXQ.DE vs. XDEW.DE
DBXQ.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - DBXQ.DE is a European Government Bonds fund tracking the Markit iBoxx® EUR Eurozone 3-5, 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, DBXQ.DE returned 0.15%/yr vs 11.04%/yr for XDEW.DE. At a 0.08 correlation, their price movements are largely independent. DBXQ.DE charges 0.15%/yr vs 0.20%/yr for XDEW.DE.
Performance
DBXQ.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXQ.DE achieves a -0.14% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, DBXQ.DE has underperformed XDEW.DE with an annualized return of 0.15%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
DBXQ.DE
- 1D
- -0.08%
- 1M
- -0.53%
- 6M
- -0.63%
- YTD
- -0.14%
- 1Y
- 0.29%
- 3Y*
- 2.98%
- 5Y*
- -0.34%
- 10Y*
- 0.15%
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%
DBXQ.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXQ.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | -0.14% | 2.57% | 2.23% | 5.50% | -10.12% | -1.37% | 1.56% | 2.56% | -0.06% | -0.19% |
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 DBXQ.DE and XDEW.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.08 |
The correlation between DBXQ.DE and XDEW.DE shifts across timeframes, from 0.08 (10 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBXQ.DE vs. XDEW.DE — Risk / Return Rank
DBXQ.DE
XDEW.DE
DBXQ.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.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.
| DBXQ.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.35 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 3.91 | -3.79 |
| Martin ratioReturn relative to average drawdown | 0.31 | 12.05 | -11.74 |
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Drawdowns
DBXQ.DE vs. XDEW.DE - Drawdown Comparison
The maximum DBXQ.DE drawdown since its inception was -12.25%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for DBXQ.DE and XDEW.DE.
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Drawdown Indicators
| DBXQ.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.25% | -38.79% | +26.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -5.06% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -22.70% | +20.29% |
Max Drawdown (5Y)Largest decline over 5 years | -12.13% | -22.70% | +10.57% |
Max Drawdown (10Y)Largest decline over 10 years | -12.25% | -38.79% | +26.54% |
Current DrawdownCurrent decline from peak | -2.24% | -0.61% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -5.33% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.65% | -0.72% |
Volatility
DBXQ.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (DBXQ.DE) is 0.65%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that DBXQ.DE experiences smaller price fluctuations and is considered to be less risky 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
| DBXQ.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 2.81% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 6.82% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 10.43% | -7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 14.90% | -11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 16.80% | -13.49% |
DBXQ.DE vs. XDEW.DE - Expense Ratio Comparison
DBXQ.DE has a 0.15% expense ratio, which is lower than XDEW.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DBXQ.DE vs. XDEW.DE - Dividend Comparison
Neither DBXQ.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXQ.DE and XDEW.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXQ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXQ.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for XDEW.DE.
DBXQ.DE is categorized as European Government Bonds, while XDEW.DE is S&P 500. DBXQ.DE tracks Markit iBoxx® EUR Eurozone 3-5, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.15% for DBXQ.DE and 0.20% for XDEW.DE.
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