DXS3.DE vs. XMME.DE
DXS3.DE (Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (Acc)) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - DXS3.DE is a Inverse Equities fund tracking the S&P 500 Short Index, while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, DXS3.DE returned -6.72%/yr vs 8.17%/yr for XMME.DE. At a correlation of -0.51, they often move in opposite directions. DXS3.DE charges 0.50%/yr vs 0.18%/yr for XMME.DE.
Performance
DXS3.DE vs. XMME.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 XMME.DE's 28.32% 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%
XMME.DE
- 1D
- 2.30%
- 1M
- -1.33%
- 6M
- 24.68%
- YTD
- 28.32%
- 1Y
- 45.78%
- 3Y*
- 20.47%
- 5Y*
- 8.17%
- 10Y*
- —
DXS3.DE vs. XMME.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% | -16.27% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 28.32% | 18.69% | 13.82% | 5.89% | -15.00% | 4.75% | 6.58% | 21.91% | -11.16% | -2.35% |
Correlation
The correlation between DXS3.DE and XMME.DE is -0.52, 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 | -0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2017 | -0.51 |
The correlation between DXS3.DE and XMME.DE has been stable across timeframes, ranging from -0.52 to -0.49 - a consistent structural relationship.
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Return for Risk
DXS3.DE vs. XMME.DE — Risk / Return Rank
DXS3.DE
XMME.DE
DXS3.DE vs. XMME.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 Emerging Markets UCITS ETF 1C (XMME.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 | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.42 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 4.27 | -4.79 |
| Martin ratioReturn relative to average drawdown | -1.00 | 14.15 | -15.15 |
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Drawdowns
DXS3.DE vs. XMME.DE - Drawdown Comparison
The maximum DXS3.DE drawdown since its inception was -93.76%, which is greater than XMME.DE's maximum drawdown of -31.95%. Use the drawdown chart below to compare losses from any high point for DXS3.DE and XMME.DE.
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Drawdown Indicators
| DXS3.DE | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.76% | -31.95% | -61.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -10.68% | -5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -42.14% | -19.16% | -22.98% |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | -23.46% | -27.82% |
Max Drawdown (10Y)Largest decline over 10 years | -74.13% | — | — |
Current DrawdownCurrent decline from peak | -93.52% | -4.83% | -88.69% |
Average DrawdownAverage peak-to-trough decline | -73.65% | -9.77% | -63.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 3.23% | +5.46% |
Volatility
DXS3.DE vs. XMME.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 Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 9.36%. This indicates that DXS3.DE experiences smaller price fluctuations and is considered to be less risky than XMME.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 | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 9.36% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 17.23% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 19.70% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.99% | 17.22% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 19.02% | +0.18% |
DXS3.DE vs. XMME.DE - Expense Ratio Comparison
DXS3.DE has a 0.50% expense ratio, which is higher than XMME.DE's 0.18% expense ratio.
Dividends
DXS3.DE vs. XMME.DE - Dividend Comparison
Neither DXS3.DE nor XMME.DE has paid dividends to shareholders.
Frequently Asked Questions
DXS3.DE and XMME.DE have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMME.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMME.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for DXS3.DE.
DXS3.DE is categorized as Inverse Equities, while XMME.DE is Emerging Markets Equities. DXS3.DE tracks S&P 500 Short Index, while XMME.DE tracks MSCI Emerging Markets. Their fees differ too: 0.50% for DXS3.DE and 0.18% for XMME.DE.
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