PSWD vs. XOEX

Last updated Jun 24, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and XOEX (Xtrackers S&P 100 Ex Top 20 ETF) are both exchange-traded funds - PSWD is a Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while XOEX is a Large Cap Blend Equities fund tracking the S&P 100 Ex-Top 20 Select Index. Both are passively managed. Over the past year, PSWD returned 5.85% vs 25.84% for XOEX. A 0.53 correlation means they provide meaningful diversification when combined. PSWD charges 0.20%/yr vs 0.15%/yr for XOEX.

Performance

PSWD vs. XOEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers S&P 100 Ex Top 20 ETF (XOEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSWD achieves a 13.54% return, which is significantly higher than XOEX's 9.48% return.

PSWD

• 1D: 0.42%
• 1M: -1.35%
• YTD: 13.54%
• 6M: 11.67%
• 1Y: 5.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XOEX

• 1D: -0.62%
• 1M: 0.90%
• YTD: 9.48%
• 6M: 8.67%
• 1Y: 25.84%
• 3Y*: 17.92%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSWD vs. XOEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	13.54%	1.69%	9.46%	18.58%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	9.48%	18.97%	12.07%	7.80%

Correlation

The correlation between PSWD and XOEX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.53

The correlation between PSWD and XOEX has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

PSWD vs. XOEX - Sectors Allocation Comparison

Sectors	PSWD	XOEX
Technology	97.8%	19.4%
Industrials	1.2%	14.5%
Real Estate	0.5%	1.0%
Communication Services	0.1%	6.7%
Financial Services	0.1%	17.4%
Consumer Cyclical	0.1%	6.8%
Healthcare	0.1%	15.9%
Consumer Defensive	0.0%	9.2%
Energy	0.0%	3.0%
Basic Materials	0.0%	1.6%
Utilities	0.0%	4.5%

Return for Risk

PSWD vs. XOEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSWD

PSWD Risk / Return Rank: 12
PSWD Sharpe Ratio Rank: 12
PSWD Sortino Ratio Rank: 12
PSWD Omega Ratio Rank: 12
PSWD Calmar Ratio Rank: 11
PSWD Martin Ratio Rank: 11

XOEX

XOEX Risk / Return Rank: 78
XOEX Sharpe Ratio Rank: 79
XOEX Sortino Ratio Rank: 82
XOEX Omega Ratio Rank: 77
XOEX Calmar Ratio Rank: 76
XOEX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSWD vs. XOEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers S&P 100 Ex Top 20 ETF (XOEX). 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.

	PSWD	XOEX	Difference
Sharpe ratio: Return per unit of total volatility	0.23	2.30	-2.07
Sortino ratio: Return per unit of downside risk	0.48	3.29	-2.81
Omega ratio: Gain probability vs. loss probability	1.06	1.41	-0.35
Calmar ratio: Return relative to maximum drawdown	0.25	3.55	-3.30
Martin ratio: Return relative to average drawdown	0.55	13.97	-13.41

PSWD vs. XOEX - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.23, which is lower than the XOEX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of PSWD and XOEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSWD vs. XOEX - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, which is greater than XOEX's maximum drawdown of -14.68%. Use the drawdown chart below to compare losses from any high point for PSWD and XOEX.

Drawdown Indicators

	PSWD	XOEX	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-14.68%	-9.02%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-7.31%	-16.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.68%	—
Current Drawdown Current decline from peak	-10.37%	-1.52%	-8.85%
Average Drawdown Average peak-to-trough decline	-6.50%	-2.62%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.58%	1.85%	+8.73%

Volatility

PSWD vs. XOEX - Volatility Comparison

Xtrackers Cybersecurity Select Equity ETF (PSWD) has a higher volatility of 11.56% compared to Xtrackers S&P 100 Ex Top 20 ETF (XOEX) at 4.07%. This indicates that PSWD's price experiences larger fluctuations and is considered to be riskier than XOEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSWD	XOEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	4.07%	+7.49%
Volatility (6M) Calculated over the trailing 6-month period	21.40%	8.88%	+12.52%
Volatility (1Y) Calculated over the trailing 1-year period	25.79%	11.29%	+14.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	13.45%	+10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.68%	13.45%	+10.23%

PSWD vs. XOEX - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is higher than XOEX's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PSWD vs. XOEX - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.68%, less than XOEX's 1.48% yield.

Position	TTM	2025	2024	2023	2022
PSWD Xtrackers Cybersecurity Select Equity ETF	0.68%	0.88%	1.49%	0.55%	0.00%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	1.48%	1.95%	2.09%	1.72%	0.42%

Frequently Asked Questions

Can I hold both PSWD and XOEX in my portfolio?

PSWD and XOEX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSWD or XOEX?

PSWD has higher volatility (11.56%) compared to XOEX (4.07%). In terms of maximum drawdown, PSWD dropped -23.70% vs XOEX's -14.68%.

Which ETF is better, PSWD or XOEX?

On 1-year performance, XOEX leads with 25.84% vs 5.85% for PSWD. On fees, XOEX is cheaper at 0.15% per year. On volatility, XOEX has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or XOEX?

Over the 1-year period, XOEX has performed better with a 25.84% return vs 5.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or XOEX?

XOEX is cheaper with a 0.15% expense ratio, compared with 0.20% for PSWD.

Which ETF pays a higher dividend yield, PSWD or XOEX?

XOEX has the higher dividend yield at 1.48%, compared with 0.68% for PSWD.

What is the main difference between PSWD and XOEX?

PSWD is categorized as Technology Equities, while XOEX is Large Cap Blend Equities. PSWD tracks Solactive Cyber Security ESG Screened Index, while XOEX tracks S&P 100 Ex-Top 20 Select Index. Their fees differ too: 0.20% for PSWD and 0.15% for XOEX.

Which has better risk-adjusted returns?

XOEX currently has the higher Sharpe Ratio (2.30 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.