XDEW.DE vs. IUSE.L
XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both S&P 500 funds - XDEW.DE tracks the S&P 500 Equal Weight Index while IUSE.L tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 10 years, XDEW.DE returned 11.04%/yr vs 12.04%/yr for IUSE.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XDEW.DE vs. IUSE.L - 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 IUSE.L's 7.54% return. Over the past 10 years, XDEW.DE has underperformed IUSE.L with an annualized return of 11.04%, while IUSE.L has yielded a comparatively higher 12.04% annualized 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%
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
XDEW.DE vs. IUSE.L - 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 | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -8.40% | 19.04% |
Correlation
The correlation between XDEW.DE and IUSE.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.74 |
Over the past year, the correlation between XDEW.DE and IUSE.L has dropped to 0.54 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
XDEW.DE vs. IUSE.L — Risk / Return Rank
XDEW.DE
IUSE.L
XDEW.DE vs. IUSE.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 EUR Hedged UCITS ETF Acc (IUSE.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.
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 | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.98 | +1.93 |
| Martin ratioReturn relative to average drawdown | 12.05 | 7.93 | +4.12 |
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Drawdowns
XDEW.DE vs. IUSE.L - Drawdown Comparison
The maximum XDEW.DE drawdown since its inception was -38.79%, which is greater than IUSE.L's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for XDEW.DE and IUSE.L.
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Drawdown Indicators
| XDEW.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -34.75% | -4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -8.67% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -18.33% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -26.23% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -38.79% | -34.75% | -4.04% |
Current DrawdownCurrent decline from peak | -0.61% | -1.97% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -4.25% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.16% | -0.51% |
Volatility
XDEW.DE vs. IUSE.L - Volatility Comparison
The current volatility for Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) is 2.81%, while iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) has a volatility of 3.05%. This indicates that XDEW.DE experiences smaller price fluctuations and is considered to be less risky than IUSE.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 | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.05% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 9.34% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 12.08% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 16.07% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 16.29% | +0.51% |
XDEW.DE vs. IUSE.L - Expense Ratio Comparison
Both XDEW.DE and IUSE.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. IUSE.L - Dividend Comparison
Neither XDEW.DE nor IUSE.L has paid dividends to shareholders.
Frequently Asked Questions
XDEW.DE and IUSE.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 IUSE.L have the same expense ratio: 0.20% per year.
XDEW.DE tracks S&P 500 Equal Weight Index, while IUSE.L tracks S&P 500 EUR Hedged Index. They also come from different issuers: Xtrackers and iShares.
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