DXSE.DE vs. SPYH.DE
DXSE.DE (Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C) and SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - DXSE.DE tracks the MSCI Europe Health Care ESG Screened 20-35 while SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped. Both are passively managed. Over the past 10 years, DXSE.DE returned 6.10%/yr vs 6.16%/yr for SPYH.DE. With a 0.97 correlation, they move nearly in lockstep. DXSE.DE charges 0.17%/yr vs 0.18%/yr for SPYH.DE.
Performance
DXSE.DE vs. SPYH.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DXSE.DE having a -1.95% return and SPYH.DE slightly lower at -1.97%. Both investments have delivered pretty close results over the past 10 years, with DXSE.DE having a 6.10% annualized return and SPYH.DE not far ahead at 6.16%.
DXSE.DE
- 1D
- 2.90%
- 1M
- 1.98%
- YTD
- -1.95%
- 6M
- -0.40%
- 1Y
- 4.80%
- 3Y*
- 2.51%
- 5Y*
- 5.38%
- 10Y*
- 6.10%
SPYH.DE
- 1D
- 3.34%
- 1M
- 1.68%
- YTD
- -1.97%
- 6M
- -0.27%
- 1Y
- 6.32%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
DXSE.DE vs. SPYH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSE.DE Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C | -1.95% | 4.97% | 4.52% | 9.56% | -5.75% | 25.75% | -1.94% | 32.90% | -1.01% | 4.42% |
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
Correlation
The correlation between DXSE.DE and SPYH.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.97 |
The correlation between DXSE.DE and SPYH.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
DXSE.DE vs. SPYH.DE — Risk / Return Rank
DXSE.DE
SPYH.DE
DXSE.DE vs. SPYH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) and SPDR MSCI Europe Health Care UCITS ETF (SPYH.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.
| DXSE.DE | SPYH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.50 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.82 | 1.10 | -0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXSE.DE | SPYH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.37 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.36 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.39 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.43 | +0.02 |
Drawdowns
DXSE.DE vs. SPYH.DE - Drawdown Comparison
The maximum DXSE.DE drawdown since its inception was -34.30%, which is greater than SPYH.DE's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for DXSE.DE and SPYH.DE.
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Drawdown Indicators
| DXSE.DE | SPYH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -26.62% | -7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -12.58% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -28.10% | -26.62% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -26.62% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -28.10% | -26.62% | -1.48% |
Current DrawdownCurrent decline from peak | -13.88% | -10.72% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -8.61% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 5.73% | +0.08% |
Volatility
DXSE.DE vs. SPYH.DE - Volatility Comparison
Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) and SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) have volatilities of 5.82% and 6.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSE.DE | SPYH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 6.01% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 12.04% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 17.05% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.48% | 15.76% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 15.82% | +0.22% |
DXSE.DE vs. SPYH.DE - Expense Ratio Comparison
DXSE.DE has a 0.17% expense ratio, which is lower than SPYH.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DXSE.DE vs. SPYH.DE - Dividend Comparison
Neither DXSE.DE nor SPYH.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, DXSE.DE and SPYH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DXSE.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSE.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for SPYH.DE.
DXSE.DE tracks MSCI Europe Health Care ESG Screened 20-35, while SPYH.DE tracks MSCI Europe Health Care 20/35 Capped. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.17% for DXSE.DE and 0.18% for SPYH.DE.
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