SPY1.DE vs. XDED.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and XDED.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 2D) are both S&P 500 funds - SPY1.DE tracks the S&P 500 Low Volatility while XDED.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, SPY1.DE returned 4.28%/yr vs 12.11%/yr for XDED.DE. A 0.65 correlation means they provide meaningful diversification when combined. SPY1.DE charges 0.35%/yr vs 0.20%/yr for XDED.DE.
Performance
SPY1.DE vs. XDED.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than XDED.DE's 10.41% return.
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
XDED.DE
- 1D
- 0.26%
- 1M
- 4.48%
- YTD
- 10.41%
- 6M
- 10.95%
- 1Y
- 17.77%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
SPY1.DE vs. XDED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | 0.60% |
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 10.41% | -0.44% | 18.53% | 10.75% |
Correlation
The correlation between SPY1.DE and XDED.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023 | 0.65 |
The correlation between SPY1.DE and XDED.DE shifts across timeframes, from 0.54 (1 year) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPY1.DE vs. XDED.DE — Risk / Return Rank
SPY1.DE
XDED.DE
SPY1.DE vs. XDED.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.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.
| SPY1.DE | XDED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 3.46 | -3.69 |
| Martin ratioReturn relative to average drawdown | -0.48 | 10.28 | -10.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPY1.DE | XDED.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 1.65 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.90 | -0.20 |
Drawdowns
SPY1.DE vs. XDED.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, which is greater than XDED.DE's maximum drawdown of -22.63%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and XDED.DE.
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Drawdown Indicators
| SPY1.DE | XDED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -22.63% | -12.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -5.11% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -22.63% | +8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | — | — |
Current DrawdownCurrent decline from peak | -11.45% | 0.00% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.24% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 1.72% | +1.43% |
Volatility
SPY1.DE vs. XDED.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.46% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.DE) at 2.08%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than XDED.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY1.DE | XDED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.08% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 6.76% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 10.72% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 13.39% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 13.39% | +0.61% |
SPY1.DE vs. XDED.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than XDED.DE's 0.20% expense ratio.
Dividends
SPY1.DE vs. XDED.DE - Dividend Comparison
SPY1.DE has not paid dividends to shareholders, while XDED.DE's dividend yield for the trailing twelve months is around 1.25%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 1.25% | 1.35% | 1.61% | 0.83% |
Frequently Asked Questions
SPY1.DE and XDED.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDED.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDED.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for SPY1.DE.
SPY1.DE tracks S&P 500 Low Volatility, while XDED.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.35% for SPY1.DE and 0.20% for XDED.DE.
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