XDPU.L vs. XDWE.L
XDPU.L (Xtrackers S&P 500 UCITS ETF 4C) and XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds from Xtrackers - XDPU.L tracks the S&P 500 Index while XDWE.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, XDPU.L returned 18.41%/yr vs 13.68%/yr for XDWE.L. Their 0.76 correlation means they have sometimes moved together and sometimes differently. XDPU.L charges 0.03%/yr vs 0.20%/yr for XDWE.L.
Performance
XDPU.L vs. XDWE.L - Performance Comparison
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Different Trading Currencies
XDPU.L is traded in USD, while XDWE.L is traded in GBp. To make them comparable, the XDWE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDPU.L achieves a 7.55% return, which is significantly lower than XDWE.L's 13.53% return.
XDPU.L
- 1D
- -0.87%
- 1M
- -0.03%
- 6M
- 6.03%
- YTD
- 7.55%
- 1Y
- 16.44%
- 3Y*
- 18.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.47%
XDWE.L
- 1D
- 1.50%
- 1M
- 2.49%
- 6M
- 9.63%
- YTD
- 13.53%
- 1Y
- 18.46%
- 3Y*
- 13.68%
- 5Y*
- 8.80%
- 10Y*
- 11.63%
- ALL TIME*
- 54.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $384.88K | $1.17M | $724.46K | |
| $1.98M | $2.08M | $2.45M |
XDPU.L vs. XDWE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDPU.L Xtrackers S&P 500 UCITS ETF 4C | 7.55% | 17.36% | 25.28% | 26.77% | -6.22% |
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 13.53% | 11.79% | 12.16% | 13.47% | -3.76% |
Correlation
The correlation between XDPU.L and XDWE.L is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.76 |
The correlation between XDPU.L and XDWE.L has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
XDPU.L vs. XDWE.L — Risk / Return Rank
XDPU.L
XDWE.L
XDPU.L vs. XDWE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 UCITS ETF 4C (XDPU.L) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.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.
| XDPU.L | XDWE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.59 | -0.56 |
| Martin ratioReturn relative to average drawdown | 8.09 | 9.48 | -1.39 |
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Drawdowns
XDPU.L vs. XDWE.L - Drawdown Comparison
The maximum XDPU.L drawdown since its inception was -18.25%, smaller than the maximum XDWE.L drawdown of -98.45%. Use the drawdown chart below to compare losses from any high point for XDPU.L and XDWE.L.
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Drawdown Indicators
| XDPU.L | XDWE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.25% | -98.45% | +80.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -7.08% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | -19.08% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -3.08% | 0.00% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -4.98% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.93% | +0.14% |
Volatility
XDPU.L vs. XDWE.L - Volatility Comparison
Xtrackers S&P 500 UCITS ETF 4C (XDPU.L) has a higher volatility of 3.39% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) at 2.65%. This indicates that XDPU.L's price experiences larger fluctuations and is considered to be riskier than XDWE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDPU.L | XDWE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 2.65% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 7.19% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 10.09% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 20.55% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 19.37% | -4.15% |
XDPU.L vs. XDWE.L - Expense Ratio Comparison
XDPU.L has a 0.03% expense ratio, which is lower than XDWE.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDPU.L vs. XDWE.L - Dividend Comparison
Neither XDPU.L nor XDWE.L has paid dividends to shareholders.
Frequently Asked Questions
XDPU.L and XDWE.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDPU.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDPU.L is cheaper with a 0.03% expense ratio, compared with 0.20% for XDWE.L.
XDPU.L tracks S&P 500 Index, while XDWE.L tracks S&P 500 Equal Weight Index. Their fees differ too: 0.03% for XDPU.L and 0.20% for XDWE.L.
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