SPYH.DE vs. DXSE.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and DXSE.DE (Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C) are both Health & Biotech Equities funds - SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped while DXSE.DE tracks the MSCI Europe Health Care ESG Screened 20-35. Both are passively managed. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 6.10%/yr for DXSE.DE. With a 0.97 correlation, they move nearly in lockstep. SPYH.DE charges 0.18%/yr vs 0.17%/yr for DXSE.DE.
Performance
SPYH.DE vs. DXSE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPYH.DE having a -1.97% return and DXSE.DE slightly higher at -1.95%. Both investments have delivered pretty close results over the past 10 years, with SPYH.DE having a 6.16% annualized return and DXSE.DE not far behind at 6.10%.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
DXSE.DE
- 1D
- 2.90%
- 1M
- 0.52%
- YTD
- -1.95%
- 6M
- -0.32%
- 1Y
- 5.13%
- 3Y*
- 2.51%
- 5Y*
- 5.38%
- 10Y*
- 6.10%
SPYH.DE vs. DXSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
DXSE.DE Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C | -1.95% | 4.97% | 4.52% | 9.56% | -5.75% | 25.75% | -1.94% | 32.90% | -1.01% | 4.42% |
Correlation
The correlation between SPYH.DE and DXSE.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.97 |
The correlation between SPYH.DE and DXSE.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
SPYH.DE vs. DXSE.DE — Risk / Return Rank
SPYH.DE
DXSE.DE
SPYH.DE vs. DXSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.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.
| SPYH.DE | DXSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.38 | +0.12 |
| Martin ratioReturn relative to average drawdown | 1.10 | 0.82 | +0.28 |
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
| SPYH.DE | DXSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.27 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.32 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.38 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.45 | -0.02 |
Drawdowns
SPYH.DE vs. DXSE.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum DXSE.DE drawdown of -34.30%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and DXSE.DE.
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Drawdown Indicators
| SPYH.DE | DXSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -34.30% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -12.67% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -28.10% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -28.10% | +1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -28.10% | +1.48% |
Current DrawdownCurrent decline from peak | -10.72% | -13.88% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -8.34% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 5.81% | -0.08% |
Volatility
SPYH.DE vs. DXSE.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) have volatilities of 6.01% and 5.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYH.DE | DXSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.82% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 11.95% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 17.63% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 16.48% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 16.04% | -0.22% |
SPYH.DE vs. DXSE.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is higher than DXSE.DE's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYH.DE vs. DXSE.DE - Dividend Comparison
Neither SPYH.DE nor DXSE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPYH.DE and DXSE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DXSE.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSE.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for SPYH.DE.
SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while DXSE.DE tracks MSCI Europe Health Care ESG Screened 20-35. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.18% for SPYH.DE and 0.17% for DXSE.DE.
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