SPYZ.DE vs. XDWF.DE
SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) and XDWF.DE (Xtrackers MSCI World Financials UCITS ETF 1C) are both Financials Equities funds - SPYZ.DE tracks the MSCI Europe Financials 20/35 Capped while XDWF.DE tracks the MSCI World Financials. Both are passively managed. Over the past 10 years, SPYZ.DE returned 12.24%/yr vs 11.89%/yr for XDWF.DE. Their correlation of 0.83 suggests significant overlap in exposure. SPYZ.DE charges 0.18%/yr vs 0.25%/yr for XDWF.DE.
Performance
SPYZ.DE vs. XDWF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYZ.DE achieves a 3.30% return, which is significantly higher than XDWF.DE's 1.15% return. Both investments have delivered pretty close results over the past 10 years, with SPYZ.DE having a 12.24% annualized return and XDWF.DE not far behind at 11.89%.
SPYZ.DE
- 1D
- 0.55%
- 1M
- 3.48%
- YTD
- 3.30%
- 6M
- 9.90%
- 1Y
- 22.41%
- 3Y*
- 28.74%
- 5Y*
- 19.38%
- 10Y*
- 12.24%
XDWF.DE
- 1D
- 2.02%
- 1M
- 2.66%
- YTD
- 1.15%
- 6M
- 4.89%
- 1Y
- 12.52%
- 3Y*
- 20.89%
- 5Y*
- 12.85%
- 10Y*
- 11.89%
SPYZ.DE vs. XDWF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 3.30% | 48.26% | 25.23% | 21.51% | -2.51% | 28.19% | -15.32% | 24.02% | -19.59% | 12.30% |
XDWF.DE Xtrackers MSCI World Financials UCITS ETF 1C | 1.15% | 15.35% | 34.08% | 12.42% | -4.87% | 39.49% | -11.91% | 29.11% | -13.92% | 8.33% |
Correlation
The correlation between SPYZ.DE and XDWF.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2016 | 0.83 |
The correlation between SPYZ.DE and XDWF.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
SPYZ.DE vs. XDWF.DE — Risk / Return Rank
SPYZ.DE
XDWF.DE
SPYZ.DE vs. XDWF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.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.
| SPYZ.DE | XDWF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.29 | +0.52 |
| Martin ratioReturn relative to average drawdown | 6.13 | 3.98 | +2.15 |
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
| SPYZ.DE | XDWF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.93 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.78 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.64 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.63 | -0.16 |
Drawdowns
SPYZ.DE vs. XDWF.DE - Drawdown Comparison
The maximum SPYZ.DE drawdown since its inception was -45.16%, which is greater than XDWF.DE's maximum drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and XDWF.DE.
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Drawdown Indicators
| SPYZ.DE | XDWF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.16% | -42.06% | -3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -9.65% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -19.74% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -19.74% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -45.16% | -42.06% | -3.10% |
Current DrawdownCurrent decline from peak | -2.74% | -0.84% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -6.06% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 3.14% | +0.51% |
Volatility
SPYZ.DE vs. XDWF.DE - Volatility Comparison
SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) has a higher volatility of 5.19% compared to Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) at 3.37%. This indicates that SPYZ.DE's price experiences larger fluctuations and is considered to be riskier than XDWF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYZ.DE | XDWF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 3.37% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 10.03% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 13.39% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 16.25% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 18.61% | +2.67% |
SPYZ.DE vs. XDWF.DE - Expense Ratio Comparison
SPYZ.DE has a 0.18% expense ratio, which is lower than XDWF.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
SPYZ.DE vs. XDWF.DE - Dividend Comparison
Neither SPYZ.DE nor XDWF.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYZ.DE and XDWF.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYZ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYZ.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWF.DE.
SPYZ.DE tracks MSCI Europe Financials 20/35 Capped, while XDWF.DE tracks MSCI World Financials. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.18% for SPYZ.DE and 0.25% for XDWF.DE.
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