SPYQ.DE vs. XDWI.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and XDWI.DE (Xtrackers MSCI World Industrials UCITS ETF 1C) are both Industrials Equities funds - SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped while XDWI.DE tracks the MSCI World/Materials NR USD. Both are passively managed. Over the past 10 years, SPYQ.DE returned 12.56%/yr vs 12.07%/yr for XDWI.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYQ.DE charges 0.18%/yr vs 0.25%/yr for XDWI.DE.
Performance
SPYQ.DE vs. XDWI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYQ.DE achieves a 8.86% return, which is significantly lower than XDWI.DE's 12.20% return. Both investments have delivered pretty close results over the past 10 years, with SPYQ.DE having a 12.56% annualized return and XDWI.DE not far behind at 12.07%.
SPYQ.DE
- 1D
- 0.62%
- 1M
- 0.55%
- YTD
- 8.86%
- 6M
- 11.04%
- 1Y
- 15.68%
- 3Y*
- 19.58%
- 5Y*
- 12.85%
- 10Y*
- 12.56%
XDWI.DE
- 1D
- 0.11%
- 1M
- 1.18%
- YTD
- 12.20%
- 6M
- 13.38%
- 1Y
- 19.56%
- 3Y*
- 18.27%
- 5Y*
- 12.48%
- 10Y*
- 12.07%
SPYQ.DE vs. XDWI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.86% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
XDWI.DE Xtrackers MSCI World Industrials UCITS ETF 1C | 12.20% | 12.06% | 19.50% | 19.04% | -7.86% | 26.23% | 1.52% | 31.50% | -11.18% | 10.04% |
Correlation
The correlation between SPYQ.DE and XDWI.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2016 | 0.84 |
The correlation between SPYQ.DE and XDWI.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
SPYQ.DE vs. XDWI.DE — Risk / Return Rank
SPYQ.DE
XDWI.DE
SPYQ.DE vs. XDWI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.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.
| SPYQ.DE | XDWI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.10 | -0.91 |
| Martin ratioReturn relative to average drawdown | 4.36 | 7.51 | -3.15 |
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
| SPYQ.DE | XDWI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.35 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.81 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.71 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.71 | -0.11 |
Drawdowns
SPYQ.DE vs. XDWI.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than XDWI.DE's maximum drawdown of -38.10%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and XDWI.DE.
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Drawdown Indicators
| SPYQ.DE | XDWI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -38.10% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -9.28% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -19.09% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -19.09% | -10.11% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -38.10% | -3.34% |
Current DrawdownCurrent decline from peak | -2.67% | -0.98% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -4.30% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.60% | +0.98% |
Volatility
SPYQ.DE vs. XDWI.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.29% compared to Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.DE) at 3.96%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than XDWI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYQ.DE | XDWI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.96% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 11.67% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 14.44% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 15.31% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 16.78% | +2.82% |
SPYQ.DE vs. XDWI.DE - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is lower than XDWI.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
SPYQ.DE vs. XDWI.DE - Dividend Comparison
Neither SPYQ.DE nor XDWI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and XDWI.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWI.DE.
SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while XDWI.DE tracks MSCI World/Materials NR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.18% for SPYQ.DE and 0.25% for XDWI.DE.
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