SPP1.DE vs. XDEV.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while XDEV.DE tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 17.43%/yr for XDEV.DE. Their correlation of 0.80 suggests significant overlap in exposure. SPP1.DE charges 0.17%/yr vs 0.25%/yr for XDEV.DE.
Performance
SPP1.DE vs. XDEV.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 lower than XDEV.DE's 34.96% 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*
- —
XDEV.DE
- 1D
- 0.79%
- 1M
- -0.97%
- 6M
- 34.30%
- YTD
- 34.96%
- 1Y
- 60.26%
- 3Y*
- 25.75%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
SPP1.DE vs. XDEV.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% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 34.96% | 24.74% | 11.64% | 15.69% | -4.81% | 30.64% | -12.50% | 6.49% |
Correlation
The correlation between SPP1.DE and XDEV.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.80 |
The correlation between SPP1.DE and XDEV.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
SPP1.DE vs. XDEV.DE — Risk / Return Rank
SPP1.DE
XDEV.DE
SPP1.DE vs. XDEV.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 Value Factor UCITS ETF 1C (XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.70 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 9.91 | -7.13 |
| Martin ratioReturn relative to average drawdown | 11.61 | 35.03 | -23.41 |
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Drawdowns
SPP1.DE vs. XDEV.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, smaller than the maximum XDEV.DE drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and XDEV.DE.
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Drawdown Indicators
| SPP1.DE | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -35.27% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.05% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -18.02% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -18.02% | -4.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.27% | — |
Current DrawdownCurrent decline from peak | -0.37% | -2.78% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -6.89% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.72% | +0.25% |
Volatility
SPP1.DE vs. XDEV.DE - Volatility Comparison
The current volatility for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) is 3.99%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 6.03%. This indicates that SPP1.DE experiences smaller price fluctuations and is considered to be less risky than XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 6.03% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 12.54% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 14.94% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 14.15% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 16.67% | -0.01% |
SPP1.DE vs. XDEV.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than XDEV.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. XDEV.DE - Dividend Comparison
Neither SPP1.DE nor XDEV.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and XDEV.DE have a correlation of 0.77, 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 XDEV.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while XDEV.DE tracks MSCI ACWI Value 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 XDEV.DE.
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