XDEW.DE vs. EWSP.L
XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) and EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) are both S&P 500 funds tracking the S&P 500 Equal Weight Index, from Xtrackers and iShares respectively. Both are passively managed. Over the past 3 years, XDEW.DE returned 12.12%/yr vs 12.14%/yr for EWSP.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XDEW.DE vs. EWSP.L - Performance Comparison
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Different Trading Currencies
XDEW.DE is traded in EUR, while EWSP.L is traded in GBP. To make them comparable, the EWSP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XDEW.DE having a 10.39% return and EWSP.L slightly higher at 10.60%.
XDEW.DE
- 1D
- 0.30%
- 1M
- 3.90%
- YTD
- 10.39%
- 6M
- 10.29%
- 1Y
- 18.10%
- 3Y*
- 12.12%
- 5Y*
- 9.22%
- 10Y*
- 11.25%
EWSP.L
- 1D
- 0.33%
- 1M
- 3.90%
- YTD
- 10.60%
- 6M
- 10.32%
- 1Y
- 18.33%
- 3Y*
- 12.14%
- 5Y*
- —
- 10Y*
- —
XDEW.DE vs. EWSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 10.39% | -0.46% | 18.66% | 10.08% | -6.75% |
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 10.60% | -1.46% | 19.64% | 10.00% | -6.44% |
Correlation
The correlation between XDEW.DE and EWSP.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022 | 0.94 |
The correlation between XDEW.DE and EWSP.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
XDEW.DE vs. EWSP.L — Risk / Return Rank
XDEW.DE
EWSP.L
XDEW.DE vs. EWSP.L - 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 iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.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.
| XDEW.DE | EWSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.32 | +0.19 |
| Martin ratioReturn relative to average drawdown | 10.36 | 10.01 | +0.35 |
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
| XDEW.DE | EWSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.71 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.58 | +0.10 |
Drawdowns
XDEW.DE vs. EWSP.L - Drawdown Comparison
The maximum XDEW.DE drawdown since its inception was -38.79%, which is greater than EWSP.L's maximum drawdown of -21.41%. Use the drawdown chart below to compare losses from any high point for XDEW.DE and EWSP.L.
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Drawdown Indicators
| XDEW.DE | EWSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -21.41% | -17.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -5.36% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -21.41% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -5.97% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.78% | -0.06% |
Volatility
XDEW.DE vs. EWSP.L - Volatility Comparison
Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a higher volatility of 2.06% compared to iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) at 1.76%. This indicates that XDEW.DE's price experiences larger fluctuations and is considered to be riskier than EWSP.L 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 | EWSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 1.76% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 6.63% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 10.44% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 13.83% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 13.83% | +3.03% |
XDEW.DE vs. EWSP.L - Expense Ratio Comparison
Both XDEW.DE and EWSP.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XDEW.DE vs. EWSP.L - Dividend Comparison
Neither XDEW.DE nor EWSP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XDEW.DE and EWSP.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE and EWSP.L have the same expense ratio: 0.20% per year.
Both ETFs track S&P 500 Equal Weight Index. They also come from different issuers: Xtrackers and iShares.
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