XDEW.DE vs. ^GSPC
XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) is S&P 500 fund tracking the S&P 500 Equal Weight Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XDEW.DE returned 11.95%/yr vs 13.56%/yr for ^GSPC. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
XDEW.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XDEW.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
In the year-to-date period, XDEW.DE achieves a 14.06% return, which is significantly higher than ^GSPC's 11.08% return. Over the past 10 years, XDEW.DE has underperformed ^GSPC with an annualized return of 11.95%, while ^GSPC has yielded a comparatively higher 13.56% annualized return.
XDEW.DE
- 1D
- 0.17%
- 1M
- 4.79%
- YTD
- 14.06%
- 6M
- 14.66%
- 1Y
- 22.92%
- 3Y*
- 13.41%
- 5Y*
- 9.59%
- 10Y*
- 11.95%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
XDEW.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.06% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between XDEW.DE and ^GSPC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.56 |
The correlation between XDEW.DE and ^GSPC shifts across timeframes, from 0.45 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XDEW.DE vs. ^GSPC — Risk / Return Rank
XDEW.DE
^GSPC
XDEW.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
| XDEW.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 3.17 | +1.34 |
| Martin ratioReturn relative to average drawdown | 13.76 | 11.71 | +2.05 |
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Drawdowns
XDEW.DE vs. ^GSPC - Drawdown Comparison
The maximum XDEW.DE drawdown since its inception was -38.79%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for XDEW.DE and ^GSPC.
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Drawdown Indicators
| XDEW.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -51.62% | +12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -7.57% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -23.99% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -23.99% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -38.79% | -33.42% | -5.37% |
Current DrawdownCurrent decline from peak | 0.00% | -1.08% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -9.08% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.04% | -0.38% |
Volatility
XDEW.DE vs. ^GSPC - Volatility Comparison
The current volatility for Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) is 2.27%, while S&P 500 Index (^GSPC) has a volatility of 3.97%. This indicates that XDEW.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
| XDEW.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 3.97% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 9.16% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 12.60% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 16.86% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.61% | -1.77% |
Frequently Asked Questions
XDEW.DE and ^GSPC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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