TELE.L vs. XUCM.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR MSCI Europe Communication Services UCITS ETF (TELE.L) and Xtrackers MSCI USA Communication Services UCITS ETF 1D (XUCM.L).

TELE.L and XUCM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TELE.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Comm Services NR USD. It was launched on Dec 5, 2014. XUCM.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI World/Comm Services NR USD. It was launched on Jan 21, 2021. Both TELE.L and XUCM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TELE.L vs. XUCM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Communication Services UCITS ETF (TELE.L) and Xtrackers MSCI USA Communication Services UCITS ETF 1D (XUCM.L). The values are adjusted to include any dividend payments, if applicable.

TELE.L vs. XUCM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TELE.L SPDR MSCI Europe Communication Services UCITS ETF	3.85%	7.03%	14.51%	15.08%	-11.02%	12.11%
XUCM.L Xtrackers MSCI USA Communication Services UCITS ETF 1D	-2.35%	9.80%	46.81%	51.08%	-38.10%	24.93%

Different Trading Currencies

TELE.L is traded in EUR, while XUCM.L is traded in USD. To make them comparable, the XUCM.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, TELE.L achieves a 3.85% return, which is significantly higher than XUCM.L's -2.35% return.

TELE.L

• 1D: 0.15%
• 1M: -3.77%
• YTD: 3.85%
• 6M: -3.17%
• 1Y: 0.77%
• 3Y*: 8.44%
• 5Y*: 6.00%
• 10Y*: —

XUCM.L

• 1D: 2.26%
• 1M: -3.27%
• YTD: -2.35%
• 6M: 0.27%
• 1Y: 16.66%
• 3Y*: 25.75%
• 5Y*: 10.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TELE.L vs. XUCM.L - Expense Ratio Comparison

TELE.L has a 0.18% expense ratio, which is higher than XUCM.L's 0.12% 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%.

TELE.L

SPDR MSCI Europe Communication Services UCITS ETF

XUCM.L

Xtrackers MSCI USA Communication Services UCITS ETF 1D

Return for Risk

TELE.L vs. XUCM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TELE.L

TELE.L Risk / Return Rank: 12
TELE.L Sharpe Ratio Rank: 13
TELE.L Sortino Ratio Rank: 12
TELE.L Omega Ratio Rank: 12
TELE.L Calmar Ratio Rank: 11
TELE.L Martin Ratio Rank: 11

XUCM.L

XUCM.L Risk / Return Rank: 76
XUCM.L Sharpe Ratio Rank: 76
XUCM.L Sortino Ratio Rank: 80
XUCM.L Omega Ratio Rank: 69
XUCM.L Calmar Ratio Rank: 79
XUCM.L Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TELE.L vs. XUCM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Communication Services UCITS ETF (TELE.L) and Xtrackers MSCI USA Communication Services UCITS ETF 1D (XUCM.L). 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.

	TELE.L	XUCM.L	Difference
Sharpe ratio Return per unit of total volatility	0.05	0.94	-0.89
Sortino ratio Return per unit of downside risk	0.17	1.38	-1.20
Omega ratio Gain probability vs. loss probability	1.02	1.18	-0.15
Calmar ratio Return relative to maximum drawdown	-0.03	1.97	-2.01
Martin ratio Return relative to average drawdown	-0.07	6.56	-6.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TELE.L vs. XUCM.L - Sharpe Ratio Comparison

The current TELE.L Sharpe Ratio is 0.05, which is lower than the XUCM.L Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of TELE.L and XUCM.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TELE.L	XUCM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	0.94	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.52	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.61	-0.43

Correlation

The correlation between TELE.L and XUCM.L is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TELE.L vs. XUCM.L - Dividend Comparison

TELE.L has not paid dividends to shareholders, while XUCM.L's dividend yield for the trailing twelve months is around 0.74%.

	TTM	2025	2024	2023	2022
TELE.L SPDR MSCI Europe Communication Services UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
XUCM.L Xtrackers MSCI USA Communication Services UCITS ETF 1D	0.74%	0.72%	0.63%	0.58%	0.53%

Drawdowns

TELE.L vs. XUCM.L - Drawdown Comparison

The maximum TELE.L drawdown since its inception was -35.72%, smaller than the maximum XUCM.L drawdown of -41.31%. Use the drawdown chart below to compare losses from any high point for TELE.L and XUCM.L.

Drawdown Indicators

	TELE.L	XUCM.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.72%	-48.70%	+12.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-10.21%	-4.77%
Max Drawdown (5Y) Largest decline over 5 years	-19.73%	-48.70%	+28.97%
Current Drawdown Current decline from peak	-8.06%	-6.32%	-1.74%
Average Drawdown Average peak-to-trough decline	-11.66%	-14.15%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.49%	2.77%	+4.72%

Volatility

TELE.L vs. XUCM.L - Volatility Comparison

SPDR MSCI Europe Communication Services UCITS ETF (TELE.L) and Xtrackers MSCI USA Communication Services UCITS ETF 1D (XUCM.L) have volatilities of 5.04% and 5.19%, 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.

Volatility by Period

	TELE.L	XUCM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.19%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	10.20%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	17.72%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	20.36%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	20.31%	-1.11%