DXSP.DE vs. XNAS.DE
DXSP.DE (Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc)) and XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - DXSP.DE is a Inverse Equities fund tracking the EURO STOXX 50 Short Index, while XNAS.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, DXSP.DE returned -10.52%/yr vs 16.39%/yr for XNAS.DE. At a correlation of -0.60, they often move in opposite directions. DXSP.DE charges 0.40%/yr vs 0.20%/yr for XNAS.DE.
Performance
DXSP.DE vs. XNAS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSP.DE achieves a -10.98% return, which is significantly lower than XNAS.DE's 19.10% return.
DXSP.DE
- 1D
- -0.78%
- 1M
- -5.37%
- 6M
- -10.19%
- YTD
- -10.98%
- 1Y
- -17.31%
- 3Y*
- -11.17%
- 5Y*
- -10.52%
- 10Y*
- -12.36%
XNAS.DE
- 1D
- 0.00%
- 1M
- -2.01%
- 6M
- 20.42%
- YTD
- 19.10%
- 1Y
- 33.14%
- 3Y*
- 23.27%
- 5Y*
- 16.39%
- 10Y*
- —
DXSP.DE vs. XNAS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DXSP.DE Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) | -10.98% | -16.45% | -4.98% | -15.04% | 3.40% | -21.09% |
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 19.10% | 7.11% | 33.75% | 51.36% | -29.99% | 31.23% |
Correlation
The correlation between DXSP.DE and XNAS.DE is -0.55, 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 | -0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | -0.60 |
The correlation between DXSP.DE and XNAS.DE has been stable across timeframes, ranging from -0.60 to -0.52 - a consistent structural relationship.
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Return for Risk
DXSP.DE vs. XNAS.DE — Risk / Return Rank
DXSP.DE
XNAS.DE
DXSP.DE vs. XNAS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.DE) and Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.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.
| DXSP.DE | XNAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.10 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.35 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 3.33 | -4.19 |
| Martin ratioReturn relative to average drawdown | -1.64 | 9.64 | -11.28 |
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Drawdowns
DXSP.DE vs. XNAS.DE - Drawdown Comparison
The maximum DXSP.DE drawdown since its inception was -91.81%, which is greater than XNAS.DE's maximum drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for DXSP.DE and XNAS.DE.
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Drawdown Indicators
| DXSP.DE | XNAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.81% | -31.25% | -60.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.03% | -10.00% | -10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -36.76% | -26.72% | -10.04% |
Max Drawdown (5Y)Largest decline over 5 years | -48.59% | -31.25% | -17.34% |
Max Drawdown (10Y)Largest decline over 10 years | -73.71% | — | — |
Current DrawdownCurrent decline from peak | -91.81% | -2.56% | -89.25% |
Average DrawdownAverage peak-to-trough decline | -65.04% | -7.75% | -57.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.51% | 3.45% | +7.06% |
Volatility
DXSP.DE vs. XNAS.DE - Volatility Comparison
The current volatility for Xtrackers Euro Stoxx 50 Short Daily Swap UCITS ETF (Acc) (DXSP.DE) is 3.80%, while Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) has a volatility of 6.66%. This indicates that DXSP.DE experiences smaller price fluctuations and is considered to be less risky than XNAS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSP.DE | XNAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 6.66% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 12.34% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 16.97% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 20.06% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 19.92% | -1.96% |
DXSP.DE vs. XNAS.DE - Expense Ratio Comparison
DXSP.DE has a 0.40% expense ratio, which is higher than XNAS.DE's 0.20% expense ratio.
Dividends
DXSP.DE vs. XNAS.DE - Dividend Comparison
Neither DXSP.DE nor XNAS.DE has paid dividends to shareholders.
Frequently Asked Questions
DXSP.DE and XNAS.DE have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNAS.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAS.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for DXSP.DE.
DXSP.DE is categorized as Inverse Equities, while XNAS.DE is Nasdaq-100. DXSP.DE tracks EURO STOXX 50 Short Index, while XNAS.DE tracks Nasdaq 100®. Their fees differ too: 0.40% for DXSP.DE and 0.20% for XNAS.DE.
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