SPY vs. XDEV.DE
SPY (State Street SPDR S&P 500 ETF) and XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both exchange-traded funds - SPY is a S&P 500 fund tracking the S&P 500 Index, while XDEV.DE is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, SPY returned 15.42%/yr vs 13.05%/yr for XDEV.DE. A 0.54 correlation means they provide meaningful diversification when combined. SPY charges 0.09%/yr vs 0.25%/yr for XDEV.DE.
Performance
SPY vs. XDEV.DE - Performance Comparison
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Different Trading Currencies
SPY is traded in USD, while XDEV.DE is traded in EUR. To make them comparable, the XDEV.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY achieves a 9.07% return, which is significantly lower than XDEV.DE's 32.62% return. Over the past 10 years, SPY has outperformed XDEV.DE with an annualized return of 15.42%, while XDEV.DE has yielded a comparatively lower 13.05% annualized return.
SPY
- 1D
- 0.54%
- 1M
- 0.35%
- YTD
- 9.07%
- 6M
- 9.42%
- 1Y
- 25.67%
- 3Y*
- 20.86%
- 5Y*
- 13.36%
- 10Y*
- 15.42%
XDEV.DE
- 1D
- 2.79%
- 1M
- 7.24%
- YTD
- 32.62%
- 6M
- 35.11%
- 1Y
- 63.51%
- 3Y*
- 28.44%
- 5Y*
- 16.16%
- 10Y*
- 13.05%
SPY vs. XDEV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 9.07% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 32.62% | 40.82% | 5.25% | 19.34% | -10.06% | 20.34% | -3.95% | 19.47% | -14.62% | 23.06% |
Correlation
The correlation between SPY and XDEV.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.54 |
The correlation between SPY and XDEV.DE shifts across timeframes, from 0.50 (3 years) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPY vs. XDEV.DE — Risk / Return Rank
SPY
XDEV.DE
SPY vs. XDEV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ETF (SPY) 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.
| SPY | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.68 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 7.29 | -4.54 |
| Martin ratioReturn relative to average drawdown | 12.39 | 26.00 | -13.61 |
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Drawdowns
SPY vs. XDEV.DE - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than XDEV.DE's maximum drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for SPY and XDEV.DE.
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Drawdown Indicators
| SPY | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.19% | -39.47% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -8.51% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -15.96% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -26.32% | +1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -39.47% | +5.75% |
Current DrawdownCurrent decline from peak | -2.35% | -1.89% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -11.38% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.39% | -0.42% |
Volatility
SPY vs. XDEV.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 ETF (SPY) is 4.34%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 6.44%. This indicates that SPY 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
| SPY | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 6.44% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 12.82% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 15.59% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 16.03% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 17.74% | +0.22% |
SPY vs. XDEV.DE - Expense Ratio Comparison
SPY has a 0.09% 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
SPY vs. XDEV.DE - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.00%, while XDEV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
XDEV.DE Xtrackers MSCI World Value Factor 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
SPY and XDEV.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY is cheaper with a 0.09% expense ratio, compared with 0.25% for XDEV.DE.
SPY is categorized as S&P 500, while XDEV.DE is Global Equities. SPY tracks S&P 500 Index, while XDEV.DE tracks MSCI ACWI Value NR USD. They also come from different issuers: State Street and DWS. Their fees differ too: 0.09% for SPY and 0.25% for XDEV.DE.
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