DXS3.DE vs. XESC.DE
DXS3.DE (Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc)) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both exchange-traded funds - DXS3.DE is a Inverse Equities fund tracking the S&P 500 Short Index, while XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, DXS3.DE returned -12.32%/yr vs 11.67%/yr for XESC.DE. At a correlation of -0.68, they often move in opposite directions. DXS3.DE charges 0.50%/yr vs 0.09%/yr for XESC.DE.
Performance
DXS3.DE vs. XESC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DXS3.DE achieves a -2.95% return, which is significantly lower than XESC.DE's 11.96% return. Over the past 10 years, DXS3.DE has underperformed XESC.DE with an annualized return of -12.32%, while XESC.DE has yielded a comparatively higher 11.67% 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%
XESC.DE
- 1D
- 0.00%
- 1M
- 5.24%
- 6M
- 10.86%
- YTD
- 11.96%
- 1Y
- 22.20%
- 3Y*
- 16.35%
- 5Y*
- 12.51%
- 10Y*
- 11.67%
DXS3.DE vs. XESC.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% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 11.96% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between DXS3.DE and XESC.DE is -0.62, 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 | -0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2008 | -0.68 |
The correlation between DXS3.DE and XESC.DE has been stable across timeframes, ranging from -0.70 to -0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DXS3.DE vs. XESC.DE — Risk / Return Rank
DXS3.DE
XESC.DE
DXS3.DE vs. XESC.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 EURO STOXX 50 UCITS ETF 1C (XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.04 | -2.56 |
| Martin ratioReturn relative to average drawdown | -1.00 | 7.10 | -8.10 |
Loading charts...
Drawdowns
DXS3.DE vs. XESC.DE - Drawdown Comparison
The maximum DXS3.DE drawdown since its inception was -93.76%, which is greater than XESC.DE's maximum drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for DXS3.DE and XESC.DE.
Loading charts...
Drawdown Indicators
| DXS3.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.76% | -46.74% | -47.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -10.88% | -5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -42.14% | -16.53% | -25.61% |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | -23.33% | -27.95% |
Max Drawdown (10Y)Largest decline over 10 years | -74.13% | -38.51% | -35.62% |
Current DrawdownCurrent decline from peak | -93.52% | 0.00% | -93.52% |
Average DrawdownAverage peak-to-trough decline | -73.65% | -9.05% | -64.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 3.13% | +5.56% |
Volatility
DXS3.DE vs. XESC.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 EURO STOXX 50 UCITS ETF 1C (XESC.DE) at 3.86%. This indicates that DXS3.DE's price experiences larger fluctuations and is considered to be riskier than XESC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DXS3.DE | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.86% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 13.34% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 16.07% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.99% | 17.58% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 17.93% | +1.27% |
DXS3.DE vs. XESC.DE - Expense Ratio Comparison
DXS3.DE has a 0.50% expense ratio, which is higher than XESC.DE's 0.09% expense ratio.
Dividends
DXS3.DE vs. XESC.DE - Dividend Comparison
Neither DXS3.DE nor XESC.DE has paid dividends to shareholders.
Frequently Asked Questions
DXS3.DE and XESC.DE have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for DXS3.DE.
DXS3.DE is categorized as Inverse Equities, while XESC.DE is Europe Equities. DXS3.DE tracks S&P 500 Short Index, while XESC.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.50% for DXS3.DE and 0.09% for XESC.DE.
Find the right allocation for DXS3.DE and XESC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer