X710.DE vs. XDEW.DE
X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - X710.DE is a European Government Bonds fund tracking the Markit iBoxx® EUR Eurozone 7-10, 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, X710.DE returned -0.32%/yr vs 11.13%/yr for XDEW.DE. At a 0.05 correlation, their price movements are largely independent. X710.DE charges 0.15%/yr vs 0.20%/yr for XDEW.DE.
Performance
X710.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X710.DE achieves a -0.13% return, which is significantly lower than XDEW.DE's 14.89% return. Over the past 10 years, X710.DE has underperformed XDEW.DE with an annualized return of -0.32%, while XDEW.DE has yielded a comparatively higher 11.13% annualized return.
X710.DE
- 1D
- 0.00%
- 1M
- -1.00%
- 6M
- -0.81%
- YTD
- -0.13%
- 1Y
- 0.68%
- 3Y*
- 2.74%
- 5Y*
- -2.59%
- 10Y*
- -0.32%
XDEW.DE
- 1D
- 0.65%
- 1M
- 2.83%
- 6M
- 10.05%
- YTD
- 14.89%
- 1Y
- 23.44%
- 3Y*
- 13.01%
- 5Y*
- 9.59%
- 10Y*
- 11.13%
X710.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | -0.13% | 1.72% | 0.93% | 8.80% | -19.87% | -3.00% | 4.20% | 6.78% | 1.03% | 1.08% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.89% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between X710.DE and XDEW.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.05 |
Over the past year, X710.DE and XDEW.DE have become more correlated (0.31) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
X710.DE vs. XDEW.DE — Risk / Return Rank
X710.DE
XDEW.DE
X710.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.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.
| X710.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.40 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 4.61 | -4.45 |
| Martin ratioReturn relative to average drawdown | 0.41 | 14.21 | -13.81 |
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Drawdowns
X710.DE vs. XDEW.DE - Drawdown Comparison
The maximum X710.DE drawdown since its inception was -23.16%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for X710.DE and XDEW.DE.
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Drawdown Indicators
| X710.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -38.79% | +15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -5.06% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -22.70% | +18.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -22.70% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -38.79% | +15.63% |
Current DrawdownCurrent decline from peak | -13.66% | -0.27% | -13.39% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.33% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.64% | +0.04% |
Volatility
X710.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) is 1.38%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.78%. This indicates that X710.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
| X710.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 2.78% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 6.93% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 10.66% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 14.91% | -7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 16.80% | -10.52% |
X710.DE vs. XDEW.DE - Expense Ratio Comparison
X710.DE has a 0.15% 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
X710.DE vs. XDEW.DE - Dividend Comparison
Neither X710.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
X710.DE and XDEW.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X710.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X710.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for XDEW.DE.
X710.DE is categorized as European Government Bonds, while XDEW.DE is S&P 500. X710.DE tracks Markit iBoxx® EUR Eurozone 7-10, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.15% for X710.DE and 0.20% for XDEW.DE.
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