XDN0.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) and S&P 500 Index (^GSPC).

XDN0.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI Nordic Countries NR EUR. It was launched on Sep 4, 2013.

Performance

XDN0.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

XDN0.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDN0.L Xtrackers MSCI Nordic UCITS ETF 1D	1.25%	12.19%	-5.68%	14.11%	-5.97%	20.44%	23.02%	16.30%	-6.01%	15.05%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	9.09%

Different Trading Currencies

XDN0.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDN0.L achieves a 1.25% return, which is significantly higher than ^GSPC's -2.36% return. Over the past 10 years, XDN0.L has underperformed ^GSPC with an annualized return of 9.29%, while ^GSPC has yielded a comparatively higher 13.04% annualized return.

XDN0.L

• 1D: 2.25%
• 1M: -2.25%
• YTD: 1.25%
• 6M: 6.31%
• 1Y: 11.75%
• 3Y*: 5.47%
• 5Y*: 5.90%
• 10Y*: 9.29%

^GSPC

• 1D: 0.49%
• 1M: -3.37%
• YTD: -2.36%
• 6M: -0.37%
• 1Y: 13.80%
• 3Y*: 14.19%
• 5Y*: 11.28%
• 10Y*: 13.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

XDN0.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDN0.L

XDN0.L Risk / Return Rank: 34
XDN0.L Sharpe Ratio Rank: 33
XDN0.L Sortino Ratio Rank: 32
XDN0.L Omega Ratio Rank: 30
XDN0.L Calmar Ratio Rank: 39
XDN0.L Martin Ratio Rank: 36

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDN0.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) 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.

	XDN0.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.68	0.74	-0.06
Sortino ratio Return per unit of downside risk	1.00	1.15	-0.15
Omega ratio Gain probability vs. loss probability	1.13	1.18	-0.04
Calmar ratio Return relative to maximum drawdown	1.12	1.22	-0.10
Martin ratio Return relative to average drawdown	3.54	4.79	-1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDN0.L vs. ^GSPC - Sharpe Ratio Comparison

The current XDN0.L Sharpe Ratio is 0.68, which is comparable to the ^GSPC Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of XDN0.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XDN0.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	0.74	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.71	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.72	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.55	+0.06

Correlation

The correlation between XDN0.L and ^GSPC is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

XDN0.L vs. ^GSPC - Drawdown Comparison

The maximum XDN0.L drawdown since its inception was -24.85%, smaller than the maximum ^GSPC drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for XDN0.L and ^GSPC.

Drawdown Indicators

	XDN0.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-24.85%	-56.78%	+31.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-12.14%	+1.22%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-25.43%	+0.65%
Max Drawdown (10Y) Largest decline over 10 years	-24.85%	-33.92%	+9.07%
Current Drawdown Current decline from peak	-5.08%	-5.78%	+0.70%
Average Drawdown Average peak-to-trough decline	-6.19%	-10.75%	+4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.60%	+1.03%

Volatility

XDN0.L vs. ^GSPC - Volatility Comparison

Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) has a higher volatility of 5.82% compared to S&P 500 Index (^GSPC) at 4.58%. This indicates that XDN0.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDN0.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	4.58%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	11.01%	9.50%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	18.75%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	15.90%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.31%	18.17%	+0.14%