SPY1.DE vs. XDEW.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - SPY1.DE tracks the S&P 500 Low Volatility while XDEW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, SPY1.DE returned 7.40%/yr vs 11.04%/yr for XDEW.DE. A 0.75 correlation means they provide meaningful diversification when combined. SPY1.DE charges 0.35%/yr vs 0.20%/yr for XDEW.DE.
Performance
SPY1.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY1.DE achieves a 11.25% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, SPY1.DE has underperformed XDEW.DE with an annualized return of 7.40%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
SPY1.DE
- 1D
- 0.86%
- 1M
- 5.83%
- 6M
- 8.06%
- YTD
- 11.25%
- 1Y
- 9.91%
- 3Y*
- 8.31%
- 5Y*
- 6.69%
- 10Y*
- 7.40%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
SPY1.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 11.25% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | -10.69% | 29.66% | 3.66% | 2.32% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between SPY1.DE and XDEW.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.75 |
Over the past year, the correlation between SPY1.DE and XDEW.DE has dropped to 0.47 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
SPY1.DE vs. XDEW.DE — Risk / Return Rank
SPY1.DE
XDEW.DE
SPY1.DE vs. XDEW.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 1C (XDEW.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.
| SPY1.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.91 | -2.45 |
| Martin ratioReturn relative to average drawdown | 3.18 | 12.05 | -8.87 |
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Drawdowns
SPY1.DE vs. XDEW.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and XDEW.DE.
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Drawdown Indicators
| SPY1.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -38.79% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -5.06% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -22.70% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -22.70% | +6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -38.79% | +3.49% |
Current DrawdownCurrent decline from peak | -3.42% | -0.61% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -5.33% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 1.65% | +1.46% |
Volatility
SPY1.DE vs. XDEW.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.55% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.81% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 6.82% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 10.43% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 14.90% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 16.80% | -1.80% |
SPY1.DE vs. XDEW.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
SPY1.DE vs. XDEW.DE - Dividend Comparison
Neither SPY1.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and XDEW.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.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 XDEW.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 XDEW.DE.
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