XDEW.DE vs. DEAM.DE
XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) and DEAM.DE (Invesco MDAX UCITS ETF A) are both exchange-traded funds - XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while DEAM.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 5 years, XDEW.DE returned 9.52%/yr vs -1.95%/yr for DEAM.DE. A 0.60 correlation means they provide meaningful diversification when combined. XDEW.DE charges 0.20%/yr vs 0.19%/yr for DEAM.DE.
Performance
XDEW.DE vs. DEAM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEW.DE achieves a 14.50% return, which is significantly higher than DEAM.DE's 3.71% return.
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.42%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 20.12%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
XDEW.DE vs. DEAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 18.82% |
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
Correlation
The correlation between XDEW.DE and DEAM.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.60 |
Over the past year, the correlation between XDEW.DE and DEAM.DE has dropped to 0.39 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
XDEW.DE vs. DEAM.DE — Risk / Return Rank
XDEW.DE
DEAM.DE
XDEW.DE vs. DEAM.DE - 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 Invesco MDAX UCITS ETF A (DEAM.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.
| XDEW.DE | DEAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.04 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 0.15 | +3.76 |
| Martin ratioReturn relative to average drawdown | 12.05 | 0.43 | +11.62 |
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Drawdowns
XDEW.DE vs. DEAM.DE - Drawdown Comparison
The maximum XDEW.DE drawdown since its inception was -38.79%, roughly equal to the maximum DEAM.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for XDEW.DE and DEAM.DE.
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Drawdown Indicators
| XDEW.DE | DEAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -40.04% | +1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -14.95% | +9.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -18.48% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -40.04% | +17.34% |
Max Drawdown (10Y)Largest decline over 10 years | -38.79% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -13.92% | +13.31% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -16.18% | +10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 5.36% | -3.71% |
Volatility
XDEW.DE vs. DEAM.DE - Volatility Comparison
The current volatility for Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) is 2.81%, while Invesco MDAX UCITS ETF A (DEAM.DE) has a volatility of 4.94%. This indicates that XDEW.DE experiences smaller price fluctuations and is considered to be less risky than DEAM.DE 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 | DEAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 4.94% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 15.96% | -9.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 18.83% | -8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 19.40% | -4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 19.56% | -2.76% |
XDEW.DE vs. DEAM.DE - Expense Ratio Comparison
XDEW.DE has a 0.20% expense ratio, which is higher than DEAM.DE's 0.19% 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
XDEW.DE vs. DEAM.DE - Dividend Comparison
Neither XDEW.DE nor DEAM.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEW.DE and DEAM.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for XDEW.DE.
XDEW.DE is categorized as S&P 500, while DEAM.DE is Europe Equities. XDEW.DE tracks S&P 500 Equal Weight Index, while DEAM.DE tracks MDAX®. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.20% for XDEW.DE and 0.19% for DEAM.DE.
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