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SAP.DE vs. XDWH.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SAP.DE vs. XDWH.DE

Last updated Jul 17, 2026
Documentation

SAP.DE (SAP SE) is a stock, while XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) is Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Over the past 10 years, SAP.DE returned 8.40%/yr vs 7.90%/yr for XDWH.DE. At a 0.45 correlation, their price movements are largely independent.

Performance

SAP.DE vs. XDWH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SAP SE (SAP.DE) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SAP.DE achieves a -32.82% return, which is significantly lower than XDWH.DE's 5.09% return. Over the past 10 years, SAP.DE has outperformed XDWH.DE with an annualized return of 8.40%, while XDWH.DE has yielded a comparatively lower 7.90% annualized return.

SAP.DE

1D
0.48%
1M
-3.68%
6M
-31.05%
YTD
-32.82%
1Y
-46.15%
3Y*
3.66%
5Y*
3.56%
10Y*
8.40%

XDWH.DE

1D
1.25%
1M
6.71%
6M
2.91%
YTD
5.09%
1Y
20.84%
3Y*
6.78%
5Y*
5.36%
10Y*
7.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SAP.DE vs. XDWH.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SAP.DE
SAP SE		-32.82%-11.03%71.56%47.17%-20.70%18.44%-9.59%40.27%-5.61%14.35%
XDWH.DE
Xtrackers MSCI World Health Care UCITS ETF 1C		5.09%2.20%7.45%0.04%0.11%30.30%2.70%27.21%5.98%5.52%

Correlation

The correlation between SAP.DE and XDWH.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 22, 2010

0.45

Over the past year, the correlation between SAP.DE and XDWH.DE has dropped to 0.14 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SAP SE

Xtrackers MSCI World Health Care UCITS ETF 1C

Often compared with SAP.DE:
SAP.DE vs. SAPSAP.DE vs. NVDASAP.DE vs. IBMSAP.DE vs. SPYSAP.DE vs. AAPLSAP.DE vs. CSCOSAP.DE vs. CEMR.DE
Often compared with XDWH.DE:
XDWH.DE vs. XLVXDWH.DE vs. LYPE.DEXDWH.DE vs. IXJXDWH.DE vs. VUAA.LXDWH.DE vs. XNAS.DEXDWH.DE vs. HEAW.LXDWH.DE vs. AIAI.L

Return for Risk

SAP.DE vs. XDWH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAP.DE
SAP.DE Risk / Return Rank: 55
Overall Rank
SAP.DE Sharpe Ratio Rank: 22
Sharpe Ratio Rank
SAP.DE Sortino Ratio Rank: 44
Sortino Ratio Rank
SAP.DE Omega Ratio Rank: 55
Omega Ratio Rank
SAP.DE Calmar Ratio Rank: 66
Calmar Ratio Rank
SAP.DE Martin Ratio Rank: 66
Martin Ratio Rank
XDWH.DE
XDWH.DE Risk / Return Rank: 5151
Overall Rank
XDWH.DE Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XDWH.DE Sortino Ratio Rank: 5858
Sortino Ratio Rank
XDWH.DE Omega Ratio Rank: 5050
Omega Ratio Rank
XDWH.DE Calmar Ratio Rank: 5252
Calmar Ratio Rank
XDWH.DE Martin Ratio Rank: 4242
Martin Ratio Rank
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.

SAP.DE vs. XDWH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP.DE) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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.

SAP.DEXDWH.DEDifference
Sharpe ratioReturn per unit of total volatility
-1.21
1.46

-2.66

Sortino ratioReturn per unit of downside risk
-1.76
2.22

-3.98

Omega ratioGain probability vs. loss probability

0.77

1.26

-0.48

Calmar ratioReturn relative to maximum drawdown

-0.93

2.11

-3.05

Martin ratioReturn relative to average drawdown

-1.46

5.43

-6.89

SAP.DE vs. XDWH.DE - Sharpe Ratio Comparison

The current SAP.DE Sharpe Ratio is -1.21, which is lower than the XDWH.DE Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of SAP.DE and XDWH.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SAP.DE vs. XDWH.DE - Drawdown Comparison

The maximum SAP.DE drawdown since its inception was -51.59%, which is greater than XDWH.DE's maximum drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for SAP.DE and XDWH.DE.

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Drawdown Indicators

SAP.DEXDWH.DEDifference

Max Drawdown

Largest peak-to-trough decline

-51.59%

-40.65%

-10.94%

Max Drawdown (1Y)

Largest decline over 1 year

-49.41%

-9.82%

-39.59%

Max Drawdown (3Y)

Largest decline over 3 years

-51.59%

-21.11%

-30.48%

Max Drawdown (5Y)

Largest decline over 5 years

-51.59%

-21.11%

-30.48%

Max Drawdown (10Y)

Largest decline over 10 years

-51.59%

-26.06%

-25.53%

Current Drawdown

Current decline from peak

-49.61%

-2.32%

-47.29%

Average Drawdown

Average peak-to-trough decline

-11.95%

-7.33%

-4.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

31.12%

3.83%

+27.29%

Volatility

SAP.DE vs. XDWH.DE - Volatility Comparison

SAP SE (SAP.DE) has a higher volatility of 10.54% compared to Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) at 5.31%. This indicates that SAP.DE's price experiences larger fluctuations and is considered to be riskier than XDWH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SAP.DEXDWH.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.54%

5.31%

+5.23%

Volatility (6M)

Calculated over the trailing 6-month period

33.91%

10.46%

+23.45%

Volatility (1Y)

Calculated over the trailing 1-year period

38.08%

14.26%

+23.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.76%

13.58%

+14.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.66%

15.65%

+11.01%

Dividends

SAP.DE vs. XDWH.DE - Dividend Comparison

SAP.DE's dividend yield for the trailing twelve months is around 1.82%, while XDWH.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
SAP.DE
SAP SE		1.82%1.13%0.93%1.47%2.54%1.48%1.47%1.25%1.61%1.34%1.39%1.50%
XDWH.DE
Xtrackers MSCI World Health Care UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SAP.DE and XDWH.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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