SPP1.DE vs. XDEM.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - SPP1.DE is a Global Equities fund tracking the MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.06%/yr vs 13.72%/yr for XDEM.DE. A 0.79 correlation means they provide meaningful diversification when combined. SPP1.DE charges 0.17%/yr vs 0.25%/yr for XDEM.DE.
Performance
SPP1.DE vs. XDEM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPP1.DE achieves a 10.38% return, which is significantly lower than XDEM.DE's 22.22% return.
SPP1.DE
- 1D
- 0.53%
- 1M
- -0.60%
- 6M
- 9.51%
- YTD
- 10.38%
- 1Y
- 21.02%
- 3Y*
- 17.27%
- 5Y*
- 10.06%
- 10Y*
- —
- ALL TIME*
- 12.29%
XDEM.DE
- 1D
- 2.46%
- 1M
- -5.20%
- 6M
- 19.16%
- YTD
- 22.22%
- 1Y
- 31.28%
- 3Y*
- 25.33%
- 5Y*
- 13.72%
- 10Y*
- 15.10%
- ALL TIME*
- 14.37%
SPP1.DE vs. XDEM.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) | 10.38% | 17.43% | 19.40% | 19.48% | -17.94% | 21.52% | 10.80% | 7.73% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.22% | 8.09% | 38.22% | 8.18% | -13.65% | 24.74% | 16.54% | 4.06% |
Correlation
The correlation between SPP1.DE and XDEM.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.79 |
The correlation between SPP1.DE and XDEM.DE has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPP1.DE vs. XDEM.DE — Risk / Return Rank
SPP1.DE
XDEM.DE
SPP1.DE vs. XDEM.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 Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.16 | -0.61 |
| Martin ratioReturn relative to average drawdown | 10.59 | 10.93 | -0.34 |
Loading charts...
Drawdowns
SPP1.DE vs. XDEM.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, which is greater than XDEM.DE's maximum drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and XDEM.DE.
Loading charts...
Drawdown Indicators
| SPP1.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -30.94% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -9.86% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -23.51% | +5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -23.51% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.94% | — |
Current DrawdownCurrent decline from peak | -1.05% | -6.46% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -5.89% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.85% | -0.87% |
Volatility
SPP1.DE vs. XDEM.DE - Volatility Comparison
The current volatility for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) is 3.26%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 8.79%. This indicates that SPP1.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPP1.DE | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 8.79% | -5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 16.73% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 19.42% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 17.76% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 17.50% | -0.87% |
SPP1.DE vs. XDEM.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than XDEM.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. XDEM.DE - Dividend Comparison
Neither SPP1.DE nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and XDEM.DE have a correlation of 0.78, 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 XDEM.DE.
SPP1.DE is categorized as Global Equities, while XDEM.DE is Momentum. SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: State Street and DWS. Their fees differ too: 0.17% for SPP1.DE and 0.25% for XDEM.DE.
Find the right allocation for SPP1.DE and XDEM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer