XD9U.DE vs. SPEP.L

Last updated Jun 5, 2026

XD9U.DE (Xtrackers MSCI USA UCITS ETF 1C) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both exchange-traded funds - XD9U.DE is a Large Cap Blend Equities fund tracking the MSCI USA, while SPEP.L is a S&P 500 fund tracking the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, XD9U.DE returned 14.38%/yr vs 15.68%/yr for SPEP.L. Their correlation of 0.90 suggests significant overlap in exposure. XD9U.DE charges 0.07%/yr vs 0.09%/yr for SPEP.L.

Performance

XD9U.DE vs. SPEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI USA UCITS ETF 1C (XD9U.DE) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XD9U.DE is traded in EUR, while SPEP.L is traded in GBp. To make them comparable, the SPEP.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XD9U.DE having a 11.32% return and SPEP.L slightly lower at 11.28%.

XD9U.DE

• 1D: -0.07%
• 1M: 4.48%
• YTD: 11.32%
• 6M: 10.63%
• 1Y: 25.16%
• 3Y*: 19.02%
• 5Y*: 14.38%
• 10Y*: 14.92%

SPEP.L

• 1D: 0.61%
• 1M: 4.22%
• YTD: 11.28%
• 6M: 11.21%
• 1Y: 29.07%
• 3Y*: 18.58%
• 5Y*: 15.68%
• 10Y*: —

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

XD9U.DE vs. SPEP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XD9U.DE Xtrackers MSCI USA UCITS ETF 1C	11.32%	4.60%	32.32%	23.38%	-15.69%	38.71%	29.20%
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	11.28%	4.20%	32.72%	24.05%	-13.69%	43.75%	18.96%

Correlation

The correlation between XD9U.DE and SPEP.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 11, 2020	0.90

The correlation between XD9U.DE and SPEP.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

XD9U.DE vs. SPEP.L — Risk / Return Rank

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

XD9U.DE

XD9U.DE Risk / Return Rank: 67
XD9U.DE Sharpe Ratio Rank: 66
XD9U.DE Sortino Ratio Rank: 63
XD9U.DE Omega Ratio Rank: 67
XD9U.DE Calmar Ratio Rank: 70
XD9U.DE Martin Ratio Rank: 66

SPEP.L

SPEP.L Risk / Return Rank: 35
SPEP.L Sharpe Ratio Rank: 22
SPEP.L Sortino Ratio Rank: 27
SPEP.L Omega Ratio Rank: 83
SPEP.L Calmar Ratio Rank: 25
SPEP.L Martin Ratio Rank: 18

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.

XD9U.DE vs. SPEP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA UCITS ETF 1C (XD9U.DE) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.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.

	XD9U.DE	SPEP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.15	0.66	+1.48
Sortino ratio: Return per unit of downside risk	2.92	1.35	+1.57
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	3.43	1.05	+2.38
Martin ratio: Return relative to average drawdown	11.92	1.62	+10.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XD9U.DE vs. SPEP.L - Sharpe Ratio Comparison

The current XD9U.DE Sharpe Ratio is 2.15, which is higher than the SPEP.L Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of XD9U.DE and SPEP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XD9U.DE	SPEP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	0.66	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.49	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.60	+0.31

Drawdowns

XD9U.DE vs. SPEP.L - Drawdown Comparison

The maximum XD9U.DE drawdown since its inception was -34.11%, which is greater than SPEP.L's maximum drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for XD9U.DE and SPEP.L.

Drawdown Indicators

	XD9U.DE	SPEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.11%	-27.38%	-6.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	-27.38%	+20.08%
Max Drawdown (3Y) Largest decline over 3 years	-23.68%	-27.38%	+3.70%
Max Drawdown (5Y) Largest decline over 5 years	-23.68%	-27.38%	+3.70%
Max Drawdown (10Y) Largest decline over 10 years	-34.11%	—	—
Current Drawdown Current decline from peak	-0.38%	-14.92%	+14.54%
Average Drawdown Average peak-to-trough decline	-4.37%	-7.76%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	17.75%	-15.64%

Volatility

XD9U.DE vs. SPEP.L - Volatility Comparison

Xtrackers MSCI USA UCITS ETF 1C (XD9U.DE) has a higher volatility of 2.71% compared to Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) at 2.43%. This indicates that XD9U.DE's price experiences larger fluctuations and is considered to be riskier than SPEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XD9U.DE	SPEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	2.43%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	7.36%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	43.24%	-31.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	31.72%	-16.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	30.53%	-14.30%

XD9U.DE vs. SPEP.L - Expense Ratio Comparison

XD9U.DE has a 0.07% expense ratio, which is lower than SPEP.L's 0.09% 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

XD9U.DE vs. SPEP.L - Dividend Comparison

Neither XD9U.DE nor SPEP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XD9U.DE and SPEP.L in my portfolio?

With a correlation of 0.90, XD9U.DE and SPEP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XD9U.DE or SPEP.L?

On fees, XD9U.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XD9U.DE or SPEP.L?

XD9U.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for SPEP.L.

What is the main difference between XD9U.DE and SPEP.L?

XD9U.DE is categorized as Large Cap Blend Equities, while SPEP.L is S&P 500. XD9U.DE tracks MSCI USA, while SPEP.L tracks S&P 500 ESG Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.07% for XD9U.DE and 0.09% for SPEP.L.