X03F.DE vs. XDEW.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - X03F.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, X03F.DE returned -0.56%/yr vs 11.04%/yr for XDEW.DE. At a 0.02 correlation, their price movements are largely independent. X03F.DE charges 0.09%/yr vs 0.20%/yr for XDEW.DE.
Performance
X03F.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03F.DE achieves a -0.38% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, X03F.DE has underperformed XDEW.DE with an annualized return of -0.56%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
X03F.DE
- 1D
- 0.02%
- 1M
- -1.17%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 0.10%
- 3Y*
- 2.02%
- 5Y*
- -2.62%
- 10Y*
- -0.56%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
X03F.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.38% | 0.74% | 1.51% | 6.93% | -18.40% | -3.32% | 4.70% | 6.75% | 0.83% | -0.13% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between X03F.DE and XDEW.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.02 |
Over the past year, X03F.DE and XDEW.DE have become more correlated (0.30) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
X03F.DE vs. XDEW.DE — Risk / Return Rank
X03F.DE
XDEW.DE
X03F.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
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.
| X03F.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 3.91 | -3.88 |
| Martin ratioReturn relative to average drawdown | 0.07 | 12.05 | -11.98 |
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Drawdowns
X03F.DE vs. XDEW.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for X03F.DE and XDEW.DE.
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Drawdown Indicators
| X03F.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -38.79% | +16.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -5.06% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -22.70% | +18.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -22.70% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -38.79% | +16.32% |
Current DrawdownCurrent decline from peak | -14.42% | -0.61% | -13.81% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -5.33% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.65% | -0.19% |
Volatility
X03F.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) is 1.16%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that X03F.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03F.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 2.81% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 6.82% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 10.43% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 14.90% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 16.80% | -11.54% |
X03F.DE vs. XDEW.DE - Expense Ratio Comparison
X03F.DE has a 0.09% expense ratio, which is lower than XDEW.DE'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
X03F.DE vs. XDEW.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | 2.31% | 2.20% | 2.01% | 1.84% | 3.07% | 1.88% | 0.30% | 0.34% | 0.61% | 0.83% | 1.12% | 0.48% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X03F.DE and XDEW.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03F.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03F.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for XDEW.DE.
X03F.DE is categorized as European Government Bonds, while XDEW.DE is S&P 500. X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.09% for X03F.DE and 0.20% for XDEW.DE.
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