DEAM.DE vs. XDEW.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, DEAM.DE returned -1.95%/yr vs 9.52%/yr for XDEW.DE. A 0.60 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.20%/yr for XDEW.DE.
Performance
DEAM.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 3.71% return, which is significantly lower than XDEW.DE's 14.50% return.
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.42%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 20.12%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
DEAM.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
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% | 18.82% |
Correlation
The correlation between DEAM.DE and XDEW.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.60 |
Over the past year, the correlation between DEAM.DE and XDEW.DE has dropped to 0.39 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
DEAM.DE vs. XDEW.DE — Risk / Return Rank
DEAM.DE
XDEW.DE
DEAM.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.35 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 3.91 | -3.76 |
| Martin ratioReturn relative to average drawdown | 0.43 | 12.05 | -11.62 |
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Drawdowns
DEAM.DE vs. XDEW.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, roughly equal to the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and XDEW.DE.
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Drawdown Indicators
| DEAM.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -38.79% | -1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -5.06% | -9.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -22.70% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -22.70% | -17.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -13.92% | -0.61% | -13.31% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -5.33% | -10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 1.65% | +3.71% |
Volatility
DEAM.DE vs. XDEW.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 4.94% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that DEAM.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
| DEAM.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.81% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 6.82% | +9.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 10.43% | +8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 14.90% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 16.80% | +2.76% |
DEAM.DE vs. XDEW.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% 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
DEAM.DE vs. XDEW.DE - Dividend Comparison
Neither DEAM.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and XDEW.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for XDEW.DE.
DEAM.DE is categorized as Europe Equities, while XDEW.DE is S&P 500. DEAM.DE tracks MDAX®, while XDEW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for DEAM.DE and 0.20% for XDEW.DE.
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