XD9E.DE vs. XDEW.DE
XD9E.DE (Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XD9E.DE is a Large Cap Blend Equities fund tracking the MSCI USA Index (EUR Hedged), while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, XD9E.DE returned 9.61%/yr vs 9.52%/yr for XDEW.DE. A 0.76 correlation means they provide meaningful diversification when combined. XD9E.DE charges 0.12%/yr vs 0.20%/yr for XDEW.DE.
Performance
XD9E.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XD9E.DE achieves a 7.15% return, which is significantly lower than XDEW.DE's 14.50% return.
XD9E.DE
- 1D
- -1.29%
- 1M
- -0.64%
- 6M
- 6.47%
- YTD
- 7.15%
- 1Y
- 16.63%
- 3Y*
- 16.87%
- 5Y*
- 9.61%
- 10Y*
- —
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%
XD9E.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XD9E.DE Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) | 7.15% | 14.99% | 22.93% | 24.29% | -23.21% | 26.83% | 18.09% | 27.42% | -7.23% |
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% | -0.94% |
Correlation
The correlation between XD9E.DE and XDEW.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.76 |
Over the past year, the correlation between XD9E.DE and XDEW.DE has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
XD9E.DE vs. XDEW.DE — Risk / Return Rank
XD9E.DE
XDEW.DE
XD9E.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) (XD9E.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.
| XD9E.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.91 | -2.03 |
| Martin ratioReturn relative to average drawdown | 7.36 | 12.05 | -4.69 |
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Drawdowns
XD9E.DE vs. XDEW.DE - Drawdown Comparison
The maximum XD9E.DE drawdown since its inception was -34.71%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XD9E.DE and XDEW.DE.
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Drawdown Indicators
| XD9E.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.71% | -38.79% | +4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -5.06% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -22.70% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.10% | -22.70% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -1.98% | -0.61% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -5.33% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.65% | +0.60% |
Volatility
XD9E.DE vs. XDEW.DE - Volatility Comparison
Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) (XD9E.DE) has a higher volatility of 3.02% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that XD9E.DE's price experiences larger fluctuations and is considered to be riskier 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
| XD9E.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 2.81% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 6.82% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 10.43% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 14.90% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 16.80% | +0.63% |
XD9E.DE vs. XDEW.DE - Expense Ratio Comparison
XD9E.DE has a 0.12% 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
XD9E.DE vs. XDEW.DE - Dividend Comparison
Neither XD9E.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XD9E.DE and XDEW.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XD9E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XD9E.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for XDEW.DE.
XD9E.DE is categorized as Large Cap Blend Equities, while XDEW.DE is S&P 500. XD9E.DE tracks MSCI USA Index (EUR Hedged), while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.12% for XD9E.DE and 0.20% for XDEW.DE.
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