DBXW.DE vs. SPP2.DE
DBXW.DE (Xtrackers MSCI World Swap UCITS ETF 1C) and SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) are both Global Equities funds - DBXW.DE tracks the MSCI World while SPP2.DE tracks the MSCI ACWI (USD Hedged). Both are passively managed. Over the past 5 years, DBXW.DE returned 12.79%/yr vs 13.66%/yr for SPP2.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
DBXW.DE vs. SPP2.DE - Performance Comparison
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Different Trading Currencies
DBXW.DE is traded in EUR, while SPP2.DE is traded in USD. To make them comparable, the SPP2.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DBXW.DE achieves a 10.90% return, which is significantly lower than SPP2.DE's 13.03% return.
DBXW.DE
- 1D
- -0.01%
- 1M
- 4.86%
- YTD
- 10.90%
- 6M
- 11.35%
- 1Y
- 23.71%
- 3Y*
- 17.46%
- 5Y*
- 12.79%
- 10Y*
- 12.75%
SPP2.DE
- 1D
- -0.15%
- 1M
- 5.25%
- YTD
- 13.03%
- 6M
- 13.50%
- 1Y
- 27.58%
- 3Y*
- 18.34%
- 5Y*
- 13.66%
- 10Y*
- —
DBXW.DE vs. SPP2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBXW.DE Xtrackers MSCI World Swap UCITS ETF 1C | 10.90% | 7.77% | 25.74% | 20.10% | -13.86% | 32.72% | 7.68% |
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc | 13.03% | 7.39% | 27.67% | 19.17% | -11.61% | 31.66% | 6.71% |
Correlation
The correlation between DBXW.DE and SPP2.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020 | 0.94 |
The correlation between DBXW.DE and SPP2.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
DBXW.DE vs. SPP2.DE — Risk / Return Rank
DBXW.DE
SPP2.DE
DBXW.DE vs. SPP2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.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.
| DBXW.DE | SPP2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.68 | -1.10 |
| Martin ratioReturn relative to average drawdown | 14.33 | 16.59 | -2.26 |
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
| DBXW.DE | SPP2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.19 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.92 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.08 | -0.59 |
Drawdowns
DBXW.DE vs. SPP2.DE - Drawdown Comparison
The maximum DBXW.DE drawdown since its inception was -53.36%, which is greater than SPP2.DE's maximum drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for DBXW.DE and SPP2.DE.
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Drawdown Indicators
| DBXW.DE | SPP2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.36% | -21.23% | -32.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -5.87% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -21.23% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -21.23% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -33.81% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.53% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -3.51% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.66% | -0.01% |
Volatility
DBXW.DE vs. SPP2.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) is 2.60%, while SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) has a volatility of 3.27%. This indicates that DBXW.DE experiences smaller price fluctuations and is considered to be less risky than SPP2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXW.DE | SPP2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.27% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 9.26% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 12.55% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 14.69% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 14.56% | +0.98% |
DBXW.DE vs. SPP2.DE - Expense Ratio Comparison
Both DBXW.DE and SPP2.DE have an expense ratio of 0.45%.
Dividends
DBXW.DE vs. SPP2.DE - Dividend Comparison
Neither DBXW.DE nor SPP2.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, DBXW.DE and SPP2.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DBXW.DE and SPP2.DE have the same expense ratio: 0.45% per year.
DBXW.DE tracks MSCI World, while SPP2.DE tracks MSCI ACWI (USD Hedged). They also come from different issuers: Xtrackers and State Street.
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