DXS3.DE vs. XDWT.DE

Last updated Jul 4, 2026

DXS3.DE (Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc)) and XDWT.DE (Xtrackers MSCI World Information Technology UCITS ETF 1C) are both exchange-traded funds - DXS3.DE is a Inverse Equities fund tracking the S&P 500 Short Index, while XDWT.DE is a Technology Equities fund tracking the MSCI World Information Technology 20/35 Custom Index. Both are passively managed. Over the past 10 years, DXS3.DE returned -12.32%/yr vs 23.70%/yr for XDWT.DE. At a correlation of -0.52, they often move in opposite directions. DXS3.DE charges 0.50%/yr vs 0.25%/yr for XDWT.DE.

Performance

DXS3.DE vs. XDWT.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.DE) and Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXS3.DE achieves a -2.95% return, which is significantly lower than XDWT.DE's 20.89% return. Over the past 10 years, DXS3.DE has underperformed XDWT.DE with an annualized return of -12.32%, while XDWT.DE has yielded a comparatively higher 23.70% 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%

XDWT.DE

• 1D: 0.48%
• 1M: -5.44%
• 6M: 21.56%
• YTD: 20.89%
• 1Y: 36.99%
• 3Y*: 27.01%
• 5Y*: 19.44%
• 10Y*: 23.70%

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

DXS3.DE vs. XDWT.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%
XDWT.DE Xtrackers MSCI World Information Technology UCITS ETF 1C	20.89%	9.56%	41.11%	50.00%	-28.10%	41.76%	30.98%	51.77%	0.75%	21.05%

Correlation

The correlation between DXS3.DE and XDWT.DE is -0.56, 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	-0.56
Correlation (3Y) Calculated over the trailing 3-year period	-0.56
Correlation (5Y) Calculated over the trailing 5-year period	-0.63
Correlation (10Y) Calculated over the trailing 10-year period	-0.58
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010	-0.52

The correlation between DXS3.DE and XDWT.DE shifts across timeframes, from -0.63 (5 years) to -0.52 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DXS3.DE vs. XDWT.DE — Risk / Return Rank

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

DXS3.DE

DXS3.DE Risk / Return Rank: 5
DXS3.DE Sharpe Ratio Rank: 5
DXS3.DE Sortino Ratio Rank: 5
DXS3.DE Omega Ratio Rank: 5
DXS3.DE Calmar Ratio Rank: 5
DXS3.DE Martin Ratio Rank: 5

XDWT.DE

XDWT.DE Risk / Return Rank: 55
XDWT.DE Sharpe Ratio Rank: 63
XDWT.DE Sortino Ratio Rank: 58
XDWT.DE Omega Ratio Rank: 54
XDWT.DE Calmar Ratio Rank: 57
XDWT.DE Martin Ratio Rank: 44

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.

DXS3.DE vs. XDWT.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 Information Technology UCITS ETF 1C (XDWT.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	XDWT.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	1.71	-2.28
Sortino ratio: Return per unit of downside risk	-0.68	2.29	-2.97
Omega ratio: Gain probability vs. loss probability	0.92	1.28	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.52	2.36	-2.88
Martin ratio: Return relative to average drawdown	-1.00	6.00	-7.00

DXS3.DE vs. XDWT.DE - Sharpe Ratio Comparison

The current DXS3.DE Sharpe Ratio is -0.57, which is lower than the XDWT.DE Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of DXS3.DE and XDWT.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

DXS3.DE vs. XDWT.DE - Drawdown Comparison

The maximum DXS3.DE drawdown since its inception was -93.76%, which is greater than XDWT.DE's maximum drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for DXS3.DE and XDWT.DE.

Drawdown Indicators

	DXS3.DE	XDWT.DE	Difference
Max Drawdown Largest peak-to-trough decline	-93.76%	-44.55%	-49.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.67%	-15.59%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-42.14%	-29.46%	-12.68%
Max Drawdown (5Y) Largest decline over 5 years	-51.28%	-29.46%	-21.82%
Max Drawdown (10Y) Largest decline over 10 years	-74.13%	-31.60%	-42.53%
Current Drawdown Current decline from peak	-93.52%	-5.99%	-87.53%
Average Drawdown Average peak-to-trough decline	-73.65%	-8.71%	-64.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.69%	6.15%	+2.54%

Volatility

DXS3.DE vs. XDWT.DE - Volatility Comparison

The current volatility for Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc) (DXS3.DE) is 4.92%, while Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.DE) has a volatility of 8.17%. This indicates that DXS3.DE experiences smaller price fluctuations and is considered to be less risky than XDWT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXS3.DE	XDWT.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	8.17%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	16.29%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	21.59%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	22.76%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	22.23%	-3.03%

DXS3.DE vs. XDWT.DE - Expense Ratio Comparison

DXS3.DE has a 0.50% expense ratio, which is higher than XDWT.DE's 0.25% expense ratio.

Dividends

DXS3.DE vs. XDWT.DE - Dividend Comparison

Neither DXS3.DE nor XDWT.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DXS3.DE and XDWT.DE in my portfolio?

DXS3.DE and XDWT.DE have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXS3.DE or XDWT.DE?

On fees, XDWT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXS3.DE or XDWT.DE?

XDWT.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for DXS3.DE.

What is the main difference between DXS3.DE and XDWT.DE?

DXS3.DE is categorized as Inverse Equities, while XDWT.DE is Technology Equities. DXS3.DE tracks S&P 500 Short Index, while XDWT.DE tracks MSCI World Information Technology 20/35 Custom Index. Their fees differ too: 0.50% for DXS3.DE and 0.25% for XDWT.DE.