DXS3.DE vs. XDWD.DE
DXS3.DE (Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc)) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - DXS3.DE is a Inverse Equities fund tracking the S&P 500 Short Index, while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, DXS3.DE returned -12.32%/yr vs 13.00%/yr for XDWD.DE. At a correlation of -0.57, they often move in opposite directions. DXS3.DE charges 0.50%/yr vs 0.19%/yr for XDWD.DE.
Performance
DXS3.DE vs. XDWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXS3.DE achieves a -2.95% return, which is significantly lower than XDWD.DE's 12.57% return. Over the past 10 years, DXS3.DE has underperformed XDWD.DE with an annualized return of -12.32%, while XDWD.DE has yielded a comparatively higher 13.00% annualized return.
DXS3.DE
- 1D
- 0.00%
- 1M
- 2.92%
- 6M
- -3.90%
- YTD
- -2.95%
- 1Y
- -8.70%
- 3Y*
- -11.94%
- 5Y*
- -6.72%
- 10Y*
- -12.32%
XDWD.DE
- 1D
- 0.32%
- 1M
- 1.49%
- 6M
- 12.36%
- YTD
- 12.57%
- 1Y
- 24.32%
- 3Y*
- 17.54%
- 5Y*
- 12.27%
- 10Y*
- 13.00%
DXS3.DE vs. XDWD.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) | -2.95% | -20.25% | -7.55% | -17.29% | 27.96% | -17.91% | -30.56% | -19.86% | 11.68% | -27.38% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 12.57% | 7.85% | 25.98% | 20.19% | -13.68% | 32.75% | 5.47% | 31.26% | -4.94% | 7.84% |
Correlation
The correlation between DXS3.DE and XDWD.DE is -0.60, 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 | -0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | -0.57 |
The correlation between DXS3.DE and XDWD.DE shifts across timeframes, from -0.68 (5 years) to -0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXS3.DE vs. XDWD.DE — Risk / Return Rank
DXS3.DE
XDWD.DE
DXS3.DE vs. XDWD.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 MSCI World UCITS ETF 1C (XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.40 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.82 | -4.34 |
| Martin ratioReturn relative to average drawdown | -1.00 | 15.31 | -16.31 |
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Drawdowns
DXS3.DE vs. XDWD.DE - Drawdown Comparison
The maximum DXS3.DE drawdown since its inception was -93.76%, which is greater than XDWD.DE's maximum drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for DXS3.DE and XDWD.DE.
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Drawdown Indicators
| DXS3.DE | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.76% | -33.55% | -60.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -6.34% | -10.33% |
Max Drawdown (3Y)Largest decline over 3 years | -42.14% | -21.64% | -20.50% |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | -21.64% | -29.64% |
Max Drawdown (10Y)Largest decline over 10 years | -74.13% | -33.55% | -40.58% |
Current DrawdownCurrent decline from peak | -93.52% | -0.11% | -93.41% |
Average DrawdownAverage peak-to-trough decline | -73.65% | -4.52% | -69.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 1.58% | +7.11% |
Volatility
DXS3.DE vs. XDWD.DE - Volatility Comparison
Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.DE) has a higher volatility of 4.92% compared to Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) at 3.15%. This indicates that DXS3.DE's price experiences larger fluctuations and is considered to be riskier than XDWD.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 | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.15% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 7.97% | +4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 11.30% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.99% | 14.15% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 15.09% | +4.11% |
DXS3.DE vs. XDWD.DE - Expense Ratio Comparison
DXS3.DE has a 0.50% expense ratio, which is higher than XDWD.DE's 0.19% expense ratio.
Dividends
DXS3.DE vs. XDWD.DE - Dividend Comparison
Neither DXS3.DE nor XDWD.DE has paid dividends to shareholders.
Frequently Asked Questions
DXS3.DE and XDWD.DE have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWD.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWD.DE is cheaper with a 0.19% expense ratio, compared with 0.50% for DXS3.DE.
DXS3.DE is categorized as Inverse Equities, while XDWD.DE is Global Equities. DXS3.DE tracks S&P 500 Short Index, while XDWD.DE tracks MSCI World. Their fees differ too: 0.50% for DXS3.DE and 0.19% for XDWD.DE.
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