SNPE vs. ^XSP
SNPE (Xtrackers S&P 500 ESG ETF) is S&P 500 fund tracking the S&P 500 ESG Index, while ^XSP (S&P 500 Mini-SPX Options Index) is an index. Over the past 5 years, SNPE returned 13.94%/yr vs 11.54%/yr for ^XSP. With a 0.98 correlation, they move nearly in lockstep.
Performance
SNPE vs. ^XSP - Performance Comparison
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Returns By Period
In the year-to-date period, SNPE achieves a 8.65% return, which is significantly higher than ^XSP's 7.60% return.
SNPE
- 1D
- -1.60%
- 1M
- -0.30%
- YTD
- 8.65%
- 6M
- 7.98%
- 1Y
- 27.55%
- 3Y*
- 20.76%
- 5Y*
- 13.94%
- 10Y*
- —
^XSP
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- —
SNPE vs. ^XSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNPE Xtrackers S&P 500 ESG ETF | 8.65% | 18.56% | 23.85% | 27.79% | -17.67% | 29.81% |
^XSP S&P 500 Mini-SPX Options Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 24.04% |
Correlation
The correlation between SNPE and ^XSP is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2021 | 0.98 |
The correlation between SNPE and ^XSP has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
SNPE vs. ^XSP — Risk / Return Rank
SNPE
^XSP
SNPE vs. ^XSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 ESG ETF (SNPE) and S&P 500 Mini-SPX Options Index (^XSP). 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.
| SNPE | ^XSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.46 | +0.47 |
| Martin ratioReturn relative to average drawdown | 13.28 | 10.92 | +2.36 |
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Drawdowns
SNPE vs. ^XSP - Drawdown Comparison
The maximum SNPE drawdown since its inception was -33.37%, which is greater than ^XSP's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for SNPE and ^XSP.
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Drawdown Indicators
| SNPE | ^XSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.37% | -25.43% | -7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -9.10% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -18.90% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -24.65% | -25.43% | +0.78% |
Current DrawdownCurrent decline from peak | -2.45% | -3.21% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -5.84% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.04% | +0.04% |
Volatility
SNPE vs. ^XSP - Volatility Comparison
Xtrackers S&P 500 ESG ETF (SNPE) has a higher volatility of 5.18% compared to S&P 500 Mini-SPX Options Index (^XSP) at 4.89%. This indicates that SNPE's price experiences larger fluctuations and is considered to be riskier than ^XSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNPE | ^XSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 4.89% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 9.93% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 12.57% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 17.00% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.68% | 16.82% | +2.86% |
Frequently Asked Questions
With a correlation of 0.96, SNPE and ^XSP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SNPE has higher volatility (5.18%) compared to ^XSP (4.89%). In terms of maximum drawdown, SNPE dropped -33.37% vs ^XSP's -25.43%.
SNPE currently has the higher Sharpe Ratio (2.18 vs 1.78), 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.
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