SPP1.DE vs. XDEB.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and XDEB.DE (Xtrackers MSCI World Minimum Volatility UCITS ETF 1C) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while XDEB.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 6.14%/yr for XDEB.DE. A 0.54 correlation means they provide meaningful diversification when combined. SPP1.DE charges 0.17%/yr vs 0.25%/yr for XDEB.DE.
Performance
SPP1.DE vs. XDEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly higher than XDEB.DE's 5.12% return.
SPP1.DE
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
XDEB.DE
- 1D
- 0.46%
- 1M
- 3.30%
- 6M
- 6.00%
- YTD
- 5.12%
- 1Y
- 5.90%
- 3Y*
- 7.75%
- 5Y*
- 6.14%
- 10Y*
- 6.93%
SPP1.DE vs. XDEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 11.13% | 17.43% | 19.40% | 19.48% | -17.94% | 21.52% | 10.80% | 7.73% |
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 5.12% | -1.27% | 17.84% | 3.65% | -4.26% | 24.29% | -6.66% | 0.42% |
Correlation
The correlation between SPP1.DE and XDEB.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.54 |
Over the past year, the correlation between SPP1.DE and XDEB.DE has dropped to 0.13 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
SPP1.DE vs. XDEB.DE — Risk / Return Rank
SPP1.DE
XDEB.DE
SPP1.DE vs. XDEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) and Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.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.
| SPP1.DE | XDEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.13 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.11 | +1.67 |
| Martin ratioReturn relative to average drawdown | 11.61 | 2.88 | +8.73 |
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Drawdowns
SPP1.DE vs. XDEB.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, which is greater than XDEB.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and XDEB.DE.
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Drawdown Indicators
| SPP1.DE | XDEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -28.56% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -5.31% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -13.02% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -13.02% | -9.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.56% | — |
Current DrawdownCurrent decline from peak | -0.37% | -3.41% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -6.78% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.04% | -0.07% |
Volatility
SPP1.DE vs. XDEB.DE - Volatility Comparison
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) has a higher volatility of 3.99% compared to Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE) at 2.06%. This indicates that SPP1.DE's price experiences larger fluctuations and is considered to be riskier than XDEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP1.DE | XDEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.06% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 5.58% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 7.88% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 10.16% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 12.72% | +3.94% |
SPP1.DE vs. XDEB.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than XDEB.DE's 0.25% 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
SPP1.DE vs. XDEB.DE - Dividend Comparison
Neither SPP1.DE nor XDEB.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and XDEB.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP1.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP1.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for XDEB.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while XDEB.DE tracks MSCI ACWI NR USD. They also come from different issuers: State Street and DWS. Their fees differ too: 0.17% for SPP1.DE and 0.25% for XDEB.DE.
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