DXS3.DE vs. XDEW.DE
DXS3.DE (Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - DXS3.DE is a Inverse Equities fund tracking the S&P 500 Short 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, DXS3.DE returned -12.00%/yr vs 11.04%/yr for XDEW.DE. At a correlation of -0.47, they often move in opposite directions. DXS3.DE charges 0.50%/yr vs 0.20%/yr for XDEW.DE.
Performance
DXS3.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXS3.DE achieves a -2.36% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, DXS3.DE has underperformed XDEW.DE with an annualized return of -12.00%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
DXS3.DE
- 1D
- 1.43%
- 1M
- 2.48%
- 6M
- -3.31%
- YTD
- -2.36%
- 1Y
- -9.65%
- 3Y*
- -10.46%
- 5Y*
- -6.60%
- 10Y*
- -12.00%
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%
DXS3.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXS3.DE Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) | -2.36% | -20.25% | -7.55% | -17.29% | 27.96% | -17.91% | -30.56% | -19.86% | 11.68% | -27.38% |
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 DXS3.DE and XDEW.DE is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | -0.47 |
The correlation between DXS3.DE and XDEW.DE shifts across timeframes, from -0.54 (5 years) to -0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXS3.DE vs. XDEW.DE — Risk / Return Rank
DXS3.DE
XDEW.DE
DXS3.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.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.
| DXS3.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.35 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.91 | -4.49 |
| Martin ratioReturn relative to average drawdown | -1.06 | 12.05 | -13.11 |
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Drawdowns
DXS3.DE vs. XDEW.DE - Drawdown Comparison
The maximum DXS3.DE drawdown since its inception was -93.76%, which is greater than XDEW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for DXS3.DE and XDEW.DE.
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Drawdown Indicators
| DXS3.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.76% | -38.79% | -54.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -5.06% | -11.61% |
Max Drawdown (3Y)Largest decline over 3 years | -42.14% | -22.70% | -19.44% |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | -22.70% | -28.58% |
Max Drawdown (10Y)Largest decline over 10 years | -73.80% | -38.79% | -35.01% |
Current DrawdownCurrent decline from peak | -93.48% | -0.61% | -92.87% |
Average DrawdownAverage peak-to-trough decline | -73.70% | -5.33% | -68.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.10% | 1.65% | +7.45% |
Volatility
DXS3.DE vs. XDEW.DE - Volatility Comparison
Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.DE) has a higher volatility of 3.38% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that DXS3.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
| DXS3.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.81% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 6.82% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 10.43% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 14.90% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 16.80% | +2.40% |
DXS3.DE vs. XDEW.DE - Expense Ratio Comparison
DXS3.DE has a 0.50% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
DXS3.DE vs. XDEW.DE - Dividend Comparison
Neither DXS3.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DXS3.DE and XDEW.DE have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for DXS3.DE.
DXS3.DE is categorized as Inverse Equities, while XDEW.DE is S&P 500. DXS3.DE tracks S&P 500 Short Index, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.50% for DXS3.DE and 0.20% for XDEW.DE.
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