XDED.DE vs. SPYL.DE
XDED.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 2D) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both S&P 500 funds - XDED.DE tracks the S&P 500 Equal Weight Index while SPYL.DE tracks the S&P 500 Index. Both are passively managed. Over the past year, XDED.DE returned 18.11% vs 25.56% for SPYL.DE. A 0.76 correlation means they provide meaningful diversification when combined. XDED.DE charges 0.20%/yr vs 0.03%/yr for SPYL.DE.
Performance
XDED.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDED.DE achieves a 10.41% return, which is significantly lower than SPYL.DE's 11.37% return.
XDED.DE
- 1D
- 0.26%
- 1M
- 3.92%
- YTD
- 10.41%
- 6M
- 10.28%
- 1Y
- 18.11%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDED.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 10.41% | -0.44% | 18.53% | 11.72% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between XDED.DE and SPYL.DE is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.76 |
The correlation between XDED.DE and SPYL.DE has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
XDED.DE vs. SPYL.DE — Risk / Return Rank
XDED.DE
SPYL.DE
XDED.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| XDED.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.58 | -0.11 |
| Martin ratioReturn relative to average drawdown | 10.28 | 12.72 | -2.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDED.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.21 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.54 | -0.64 |
Drawdowns
XDED.DE vs. SPYL.DE - Drawdown Comparison
The maximum XDED.DE drawdown since its inception was -22.63%, roughly equal to the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for XDED.DE and SPYL.DE.
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Drawdown Indicators
| XDED.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.63% | -23.27% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -7.13% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -22.63% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -3.24% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.01% | -0.29% |
Volatility
XDED.DE vs. SPYL.DE - Volatility Comparison
The current volatility for Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.DE) is 2.08%, while State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a volatility of 2.66%. This indicates that XDED.DE experiences smaller price fluctuations and is considered to be less risky than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDED.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 2.66% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 7.57% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 11.52% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 14.61% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 14.61% | -1.22% |
XDED.DE vs. SPYL.DE - Expense Ratio Comparison
XDED.DE has a 0.20% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDED.DE vs. SPYL.DE - Dividend Comparison
XDED.DE's dividend yield for the trailing twelve months is around 1.25%, while SPYL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 1.25% | 1.35% | 1.61% | 0.83% |
Frequently Asked Questions
XDED.DE and SPYL.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for XDED.DE.
XDED.DE tracks S&P 500 Equal Weight Index, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.20% for XDED.DE and 0.03% for SPYL.DE.
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