DXSN.DE vs. XDEW.DE
DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - DXSN.DE is a Inverse Equities fund tracking the ShortDAX Index, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, DXSN.DE returned -10.40%/yr vs 11.04%/yr for XDEW.DE. At a correlation of -0.66, they often move in opposite directions. DXSN.DE charges 0.40%/yr vs 0.20%/yr for XDEW.DE.
Performance
DXSN.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSN.DE achieves a -0.64% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, DXSN.DE has underperformed XDEW.DE with an annualized return of -10.40%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
DXSN.DE
- 1D
- 0.43%
- 1M
- 0.75%
- 6M
- 2.30%
- YTD
- -0.64%
- 1Y
- 0.11%
- 3Y*
- -9.89%
- 5Y*
- -7.78%
- 10Y*
- -10.40%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
DXSN.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -0.64% | -17.17% | -10.34% | -12.80% | 7.55% | -16.40% | -14.50% | -22.67% | 17.84% | -13.51% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between DXSN.DE and XDEW.DE is -0.54, 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 | -0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.66 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | -0.66 |
The correlation between DXSN.DE and XDEW.DE shifts across timeframes, from -0.66 (all time) to -0.52 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DXSN.DE vs. XDEW.DE — Risk / Return Rank
DXSN.DE
XDEW.DE
DXSN.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
| DXSN.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.35 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 3.91 | -3.90 |
| Martin ratioReturn relative to average drawdown | 0.02 | 12.05 | -12.03 |
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Drawdowns
DXSN.DE vs. XDEW.DE - Drawdown Comparison
The maximum DXSN.DE drawdown since its inception was -92.05%, which is greater than XDEW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for DXSN.DE and XDEW.DE.
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Drawdown Indicators
| DXSN.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.05% | -38.79% | -53.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -5.06% | -8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -37.07% | -22.70% | -14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -46.99% | -22.70% | -24.29% |
Max Drawdown (10Y)Largest decline over 10 years | -68.30% | -38.79% | -29.51% |
Current DrawdownCurrent decline from peak | -91.72% | -0.61% | -91.11% |
Average DrawdownAverage peak-to-trough decline | -67.62% | -5.33% | -62.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.21% | 1.65% | +4.56% |
Volatility
DXSN.DE vs. XDEW.DE - Volatility Comparison
Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) has a higher volatility of 4.68% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that DXSN.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSN.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 2.81% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 6.82% | +6.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 10.43% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 14.90% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 16.80% | +1.27% |
DXSN.DE vs. XDEW.DE - Expense Ratio Comparison
DXSN.DE has a 0.40% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
DXSN.DE vs. XDEW.DE - Dividend Comparison
Neither DXSN.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
DXSN.DE and XDEW.DE have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for DXSN.DE.
DXSN.DE is categorized as Inverse Equities, while XDEW.DE is S&P 500. DXSN.DE tracks ShortDAX Index, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.40% for DXSN.DE and 0.20% for XDEW.DE.
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