USPA.L vs. XDWE.L
USPA.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc)) and XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - USPA.L tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index while XDWE.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, USPA.L returned 12.24%/yr vs 8.96%/yr for XDWE.L. A 0.77 correlation means they provide meaningful diversification when combined. USPA.L charges 0.07%/yr vs 0.20%/yr for XDWE.L.
Performance
USPA.L vs. XDWE.L - Performance Comparison
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Different Trading Currencies
USPA.L is traded in USD, while XDWE.L is traded in GBp. To make them comparable, the XDWE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USPA.L achieves a 7.42% return, which is significantly lower than XDWE.L's 12.03% return.
USPA.L
- 1D
- 0.05%
- 1M
- 0.06%
- 6M
- 7.17%
- YTD
- 7.42%
- 1Y
- 18.97%
- 3Y*
- 19.16%
- 5Y*
- 12.24%
- 10Y*
- —
XDWE.L
- 1D
- 0.22%
- 1M
- 1.21%
- 6M
- 8.22%
- YTD
- 12.03%
- 1Y
- 20.86%
- 3Y*
- 13.70%
- 5Y*
- 8.96%
- 10Y*
- 11.51%
USPA.L vs. XDWE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USPA.L Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) | 7.42% | 15.76% | 26.74% | 30.46% | -22.10% | 32.21% | 16.58% |
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 12.03% | 11.79% | 12.16% | 13.47% | -11.89% | 30.18% | 19.52% |
Correlation
The correlation between USPA.L and XDWE.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.77 |
The correlation between USPA.L and XDWE.L shifts across timeframes, from 0.67 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USPA.L vs. XDWE.L — Risk / Return Rank
USPA.L
XDWE.L
USPA.L vs. XDWE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.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.
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.
| USPA.L | XDWE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.93 | -1.15 |
| Martin ratioReturn relative to average drawdown | 6.76 | 10.67 | -3.91 |
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Drawdowns
USPA.L vs. XDWE.L - Drawdown Comparison
The maximum USPA.L drawdown since its inception was -27.78%, smaller than the maximum XDWE.L drawdown of -98.45%. Use the drawdown chart below to compare losses from any high point for USPA.L and XDWE.L.
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Drawdown Indicators
| USPA.L | XDWE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.78% | -98.45% | +70.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -7.08% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -19.08% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -21.62% | -6.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.14% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.99% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 1.95% | +0.85% |
Volatility
USPA.L vs. XDWE.L - Volatility Comparison
Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) has a higher volatility of 3.40% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) at 2.26%. This indicates that USPA.L's price experiences larger fluctuations and is considered to be riskier than XDWE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPA.L | XDWE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.26% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 7.16% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 10.24% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 20.58% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 19.36% | -2.88% |
USPA.L vs. XDWE.L - Expense Ratio Comparison
USPA.L has a 0.07% expense ratio, which is lower than XDWE.L's 0.20% 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
USPA.L vs. XDWE.L - Dividend Comparison
Neither USPA.L nor XDWE.L has paid dividends to shareholders.
Frequently Asked Questions
USPA.L and XDWE.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USPA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USPA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for XDWE.L.
USPA.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while XDWE.L tracks S&P 500 Equal Weight Index. They also come from different issuers: Franklin and Xtrackers. Their fees differ too: 0.07% for USPA.L and 0.20% for XDWE.L.
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