IUSE.L vs. XDEW.DE
IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - IUSE.L tracks the S&P 500 EUR Hedged Index while XDEW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, IUSE.L returned 12.04%/yr vs 11.04%/yr for XDEW.DE. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IUSE.L vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSE.L achieves a 7.54% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, IUSE.L has outperformed XDEW.DE with an annualized return of 12.04%, while XDEW.DE has yielded a comparatively lower 11.04% annualized return.
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.42%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 20.12%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
IUSE.L vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -8.40% | 19.04% |
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 IUSE.L and XDEW.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.74 |
Over the past year, the correlation between IUSE.L and XDEW.DE has dropped to 0.54 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
IUSE.L vs. XDEW.DE — Risk / Return Rank
IUSE.L
XDEW.DE
IUSE.L vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) 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.
| IUSE.L | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.91 | -1.93 |
| Martin ratioReturn relative to average drawdown | 7.93 | 12.05 | -4.12 |
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Drawdowns
IUSE.L vs. XDEW.DE - Drawdown Comparison
The maximum IUSE.L drawdown since its inception was -34.75%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for IUSE.L and XDEW.DE.
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Drawdown Indicators
| IUSE.L | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.75% | -38.79% | +4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -5.06% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.33% | -22.70% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -22.70% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.75% | -38.79% | +4.04% |
Current DrawdownCurrent decline from peak | -1.97% | -0.61% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -5.33% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.65% | +0.51% |
Volatility
IUSE.L vs. XDEW.DE - Volatility Comparison
iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) has a higher volatility of 3.05% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that IUSE.L'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
| IUSE.L | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.81% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 6.82% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 10.43% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 14.90% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 16.80% | -0.51% |
IUSE.L vs. XDEW.DE - Expense Ratio Comparison
Both IUSE.L and XDEW.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUSE.L vs. XDEW.DE - Dividend Comparison
Neither IUSE.L nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSE.L 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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUSE.L and XDEW.DE have the same expense ratio: 0.20% per year.
IUSE.L tracks S&P 500 EUR Hedged Index, while XDEW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: iShares and Xtrackers.
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