XDEQ.DE vs. ^GSPC
XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) is Global Equities fund tracking the MSCI ACWI NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XDEQ.DE returned 12.38%/yr vs 12.91%/yr for ^GSPC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
XDEQ.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XDEQ.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC 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 XDEQ.DE having a 13.32% return and ^GSPC slightly lower at 13.20%. Both investments have delivered pretty close results over the past 10 years, with XDEQ.DE having a 12.38% annualized return and ^GSPC not far ahead at 12.91%.
XDEQ.DE
- 1D
- 0.38%
- 1M
- 2.15%
- 6M
- 11.04%
- YTD
- 13.32%
- 1Y
- 22.53%
- 3Y*
- 16.30%
- 5Y*
- 10.90%
- 10Y*
- 12.38%
^GSPC
- 1D
- 0.00%
- 1M
- 1.21%
- 6M
- 10.91%
- YTD
- 13.20%
- 1Y
- 22.56%
- 3Y*
- 18.02%
- 5Y*
- 12.47%
- 10Y*
- 12.91%
XDEQ.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 13.32% | 2.87% | 23.81% | 21.83% | -14.80% | 34.39% | 4.48% | 34.18% | -3.32% | 8.20% |
^GSPC S&P 500 Index | 13.27% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between XDEQ.DE and ^GSPC is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.61 |
The correlation between XDEQ.DE and ^GSPC has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
XDEQ.DE vs. ^GSPC — Risk / Return Rank
XDEQ.DE
^GSPC
XDEQ.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) and S&P 500 Index (^GSPC). 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.
| XDEQ.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.00 | +0.61 |
| Martin ratioReturn relative to average drawdown | 15.19 | 11.06 | +4.12 |
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Drawdowns
XDEQ.DE vs. ^GSPC - Drawdown Comparison
The maximum XDEQ.DE drawdown since its inception was -32.18%, smaller than the maximum ^GSPC drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for XDEQ.DE and ^GSPC.
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Drawdown Indicators
| XDEQ.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.18% | -51.28% | +19.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -7.57% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -20.59% | -23.99% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -23.99% | +3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -32.18% | -33.42% | +1.24% |
Current DrawdownCurrent decline from peak | 0.00% | -0.58% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -8.94% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.04% | -0.56% |
Volatility
XDEQ.DE vs. ^GSPC - Volatility Comparison
The current volatility for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) is 2.38%, while S&P 500 Index (^GSPC) has a volatility of 3.04%. This indicates that XDEQ.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEQ.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 3.04% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 9.17% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 12.60% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 16.85% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 18.60% | -2.79% |
Frequently Asked Questions
XDEQ.DE and ^GSPC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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