DXS1.DE vs. XDEW.DE

Last updated Jul 18, 2026

DXS1.DE (Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - DXS1.DE is a Money Market fund tracking the Solactive SONIA Daily Index, 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, DXS1.DE returned 1.66%/yr vs 11.04%/yr for XDEW.DE. At a 0.33 correlation, their price movements are largely independent. DXS1.DE charges 0.10%/yr vs 0.20%/yr for XDEW.DE.

Performance

DXS1.DE vs. XDEW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXS1.DE achieves a 4.57% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, DXS1.DE has underperformed XDEW.DE with an annualized return of 1.66%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.

DXS1.DE

• 1D: -0.20%
• 1M: 2.10%
• 6M: 3.77%
• YTD: 4.57%
• 1Y: 5.55%
• 3Y*: 4.92%
• 5Y*: 3.58%
• 10Y*: 1.66%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXS1.DE vs. XDEW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)	4.57%	-0.80%	10.14%	6.73%	-4.26%	7.63%	-5.68%	6.58%	-1.34%	-3.51%
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 DXS1.DE and XDEW.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014	0.33

Return for Risk

DXS1.DE vs. XDEW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXS1.DE

DXS1.DE Risk / Return Rank: 62
DXS1.DE Sharpe Ratio Rank: 54
DXS1.DE Sortino Ratio Rank: 52
DXS1.DE Omega Ratio Rank: 54
DXS1.DE Calmar Ratio Rank: 84
DXS1.DE Martin Ratio Rank: 68

XDEW.DE

XDEW.DE Risk / Return Rank: 79
XDEW.DE Sharpe Ratio Rank: 78
XDEW.DE Sortino Ratio Rank: 76
XDEW.DE Omega Ratio Rank: 74
XDEW.DE Calmar Ratio Rank: 88
XDEW.DE Martin Ratio Rank: 81

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.

DXS1.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.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.

	DXS1.DE	XDEW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.96	-0.57
Sortino ratio: Return per unit of downside risk	1.96	2.71	-0.75
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	3.38	3.91	-0.53
Martin ratio: Return relative to average drawdown	8.90	12.05	-3.15

DXS1.DE vs. XDEW.DE - Sharpe Ratio Comparison

The current DXS1.DE Sharpe Ratio is 1.39, which is comparable to the XDEW.DE Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of DXS1.DE and XDEW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXS1.DE vs. XDEW.DE - Drawdown Comparison

The maximum DXS1.DE drawdown since its inception was -30.55%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for DXS1.DE and XDEW.DE.

Drawdown Indicators

	DXS1.DE	XDEW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.55%	-38.79%	+8.24%
Max Drawdown (1Y) Largest decline over 1 year	-1.64%	-5.06%	+3.42%
Max Drawdown (3Y) Largest decline over 3 years	-4.61%	-22.70%	+18.09%
Max Drawdown (5Y) Largest decline over 5 years	-7.36%	-22.70%	+15.34%
Max Drawdown (10Y) Largest decline over 10 years	-16.66%	-38.79%	+22.13%
Current Drawdown Current decline from peak	-2.06%	-0.61%	-1.45%
Average Drawdown Average peak-to-trough decline	-12.78%	-5.33%	-7.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	1.65%	-1.03%

Volatility

DXS1.DE vs. XDEW.DE - Volatility Comparison

The current volatility for Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist) (DXS1.DE) is 1.00%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that DXS1.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.

Volatility by Period

	DXS1.DE	XDEW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	2.81%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	2.79%	6.82%	-4.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.01%	10.43%	-6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	14.90%	-9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.97%	16.80%	-7.83%

DXS1.DE vs. XDEW.DE - Expense Ratio Comparison

DXS1.DE has a 0.10% 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

DXS1.DE vs. XDEW.DE - Dividend Comparison

DXS1.DE's dividend yield for the trailing twelve months is around 4.04%, while XDEW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXS1.DE Xtrackers II GBP Overnight Rate Swap UCITS ETF (Dist)	4.04%	4.75%	4.91%	4.04%	0.35%	0.02%	0.57%	0.95%	0.63%	0.20%	1.28%	0.79%
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DXS1.DE and XDEW.DE in my portfolio?

DXS1.DE and XDEW.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXS1.DE or XDEW.DE?

On fees, DXS1.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXS1.DE or XDEW.DE?

DXS1.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XDEW.DE.

What is the main difference between DXS1.DE and XDEW.DE?

DXS1.DE is categorized as Money Market, while XDEW.DE is S&P 500. DXS1.DE tracks Solactive SONIA Daily Index, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.10% for DXS1.DE and 0.20% for XDEW.DE.