S5EE.L vs. XDWE.L

Last updated Jun 26, 2026

S5EE.L (UBS S&P 500 ESG Elite UCITS ETF USD acc) and XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - S5EE.L tracks the S&P 500 Elite ESG Index USD while XDWE.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, S5EE.L returned 15.96%/yr vs 9.66%/yr for XDWE.L. Their correlation of 0.82 suggests significant overlap in exposure. S5EE.L charges 0.15%/yr vs 0.20%/yr for XDWE.L.

Performance

S5EE.L vs. XDWE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS S&P 500 ESG Elite UCITS ETF USD acc (S5EE.L) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, S5EE.L achieves a 23.53% return, which is significantly higher than XDWE.L's 12.77% return.

S5EE.L

• 1D: 0.51%
• 1M: 6.18%
• YTD: 23.53%
• 6M: 24.04%
• 1Y: 44.90%
• 3Y*: 22.81%
• 5Y*: 15.96%
• 10Y*: —

XDWE.L

• 1D: 0.08%
• 1M: 4.41%
• YTD: 12.77%
• 6M: 13.15%
• 1Y: 24.09%
• 3Y*: 13.57%
• 5Y*: 9.66%
• 10Y*: 12.34%

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

S5EE.L vs. XDWE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
S5EE.L UBS S&P 500 ESG Elite UCITS ETF USD acc	23.53%	11.67%	20.01%	22.12%	-9.06%	-7.03%
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C	12.77%	3.94%	14.06%	7.78%	-1.34%	25.31%

Correlation

The correlation between S5EE.L and XDWE.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 18, 2021	0.82

The correlation between S5EE.L and XDWE.L shifts across timeframes, from 0.71 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

S5EE.L vs. XDWE.L - Sectors Allocation Comparison

Sectors	S5EE.L	XDWE.L
Technology	50.7%	20.9%
Financial Services	15.0%	13.9%
Healthcare	10.8%	11.1%
Industrials	8.9%	14.2%
Consumer Cyclical	4.4%	10.0%
Consumer Defensive	3.0%	6.4%
Real Estate	2.6%	6.1%
Communication Services	2.4%	3.9%
Basic Materials	2.2%	3.9%
Energy	-	4.0%
Utilities	-	5.7%

Return for Risk

S5EE.L vs. XDWE.L — Risk / Return Rank

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

S5EE.L

S5EE.L Risk / Return Rank: 94
S5EE.L Sharpe Ratio Rank: 96
S5EE.L Sortino Ratio Rank: 96
S5EE.L Omega Ratio Rank: 95
S5EE.L Calmar Ratio Rank: 91
S5EE.L Martin Ratio Rank: 92

XDWE.L

XDWE.L Risk / Return Rank: 85
XDWE.L Sharpe Ratio Rank: 87
XDWE.L Sortino Ratio Rank: 87
XDWE.L Omega Ratio Rank: 86
XDWE.L Calmar Ratio Rank: 86
XDWE.L Martin Ratio Rank: 80

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.

S5EE.L vs. XDWE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS S&P 500 ESG Elite UCITS ETF USD acc (S5EE.L) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L). 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.

	S5EE.L	XDWE.L	Difference
Sharpe ratio: Return per unit of total volatility	3.59	2.48	+1.11
Sortino ratio: Return per unit of downside risk	4.82	3.44	+1.38
Omega ratio: Gain probability vs. loss probability	1.65	1.46	+0.19
Calmar ratio: Return relative to maximum drawdown	5.27	4.25	+1.02
Martin ratio: Return relative to average drawdown	19.55	13.62	+5.93

S5EE.L vs. XDWE.L - Sharpe Ratio Comparison

The current S5EE.L Sharpe Ratio is 3.59, which is higher than the XDWE.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of S5EE.L and XDWE.L, 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

S5EE.L vs. XDWE.L - Drawdown Comparison

The maximum S5EE.L drawdown since its inception was -28.17%, smaller than the maximum XDWE.L drawdown of -98.55%. Use the drawdown chart below to compare losses from any high point for S5EE.L and XDWE.L.

Drawdown Indicators

	S5EE.L	XDWE.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.17%	-98.55%	+70.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-5.64%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-19.89%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-20.25%	-19.89%	-0.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.08%	—
Current Drawdown Current decline from peak	-1.57%	0.00%	-1.57%
Average Drawdown Average peak-to-trough decline	-8.65%	-4.84%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.77%	+0.55%

Volatility

S5EE.L vs. XDWE.L - Volatility Comparison

UBS S&P 500 ESG Elite UCITS ETF USD acc (S5EE.L) has a higher volatility of 5.41% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) at 2.21%. This indicates that S5EE.L's price experiences larger fluctuations and is considered to be riskier than XDWE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S5EE.L	XDWE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	2.21%	+3.20%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	6.60%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	9.70%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	19.53%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	18.63%	+0.59%

S5EE.L vs. XDWE.L - Expense Ratio Comparison

S5EE.L has a 0.15% expense ratio, which is lower than XDWE.L's 0.20% 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

S5EE.L vs. XDWE.L - Dividend Comparison

Neither S5EE.L nor XDWE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both S5EE.L and XDWE.L in my portfolio?

S5EE.L and XDWE.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, S5EE.L or XDWE.L?

On fees, S5EE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, S5EE.L or XDWE.L?

S5EE.L is cheaper with a 0.15% expense ratio, compared with 0.20% for XDWE.L.

What is the main difference between S5EE.L and XDWE.L?

S5EE.L tracks S&P 500 Elite ESG Index USD, while XDWE.L tracks S&P 500 Equal Weight Index. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.15% for S5EE.L and 0.20% for XDWE.L.