XDWI.DE vs. SPYP.DE
XDWI.DE (Xtrackers MSCI World Industrials UCITS ETF 1C) and SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) are both Industrials Equities funds - XDWI.DE tracks the MSCI World/Materials NR USD while SPYP.DE tracks the MSCI Europe Materials 20/35 Capped. Both are passively managed. Over the past 10 years, XDWI.DE returned 12.07%/yr vs 11.05%/yr for SPYP.DE. A 0.70 correlation means they provide meaningful diversification when combined. XDWI.DE charges 0.25%/yr vs 0.18%/yr for SPYP.DE.
Performance
XDWI.DE vs. SPYP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDWI.DE achieves a 12.20% return, which is significantly lower than SPYP.DE's 17.42% return. Over the past 10 years, XDWI.DE has outperformed SPYP.DE with an annualized return of 12.07%, while SPYP.DE has yielded a comparatively lower 11.05% annualized return.
XDWI.DE
- 1D
- 0.11%
- 1M
- 1.18%
- YTD
- 12.20%
- 6M
- 13.38%
- 1Y
- 19.56%
- 3Y*
- 18.27%
- 5Y*
- 12.48%
- 10Y*
- 12.07%
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
XDWI.DE vs. SPYP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDWI.DE Xtrackers MSCI World Industrials UCITS ETF 1C | 12.20% | 12.06% | 19.50% | 19.04% | -7.86% | 26.23% | 1.52% | 31.50% | -11.18% | 10.04% |
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 18.99% |
Correlation
The correlation between XDWI.DE and SPYP.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2016 | 0.70 |
The correlation between XDWI.DE and SPYP.DE shifts across timeframes, from 0.56 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XDWI.DE vs. SPYP.DE — Risk / Return Rank
XDWI.DE
SPYP.DE
XDWI.DE vs. SPYP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.DE) and SPDR MSCI Europe Materials UCITS ETF (SPYP.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.
| XDWI.DE | SPYP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.98 | +0.12 |
| Martin ratioReturn relative to average drawdown | 7.51 | 7.94 | -0.43 |
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
| XDWI.DE | SPYP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.52 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.37 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.57 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.42 | +0.29 |
Drawdowns
XDWI.DE vs. SPYP.DE - Drawdown Comparison
The maximum XDWI.DE drawdown since its inception was -38.10%, roughly equal to the maximum SPYP.DE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for XDWI.DE and SPYP.DE.
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Drawdown Indicators
| XDWI.DE | SPYP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.10% | -36.99% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -13.07% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -20.69% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.09% | -22.63% | +3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -38.10% | -35.40% | -2.70% |
Current DrawdownCurrent decline from peak | -0.98% | -1.54% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -7.59% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.26% | -0.66% |
Volatility
XDWI.DE vs. SPYP.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.DE) is 3.96%, while SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a volatility of 6.50%. This indicates that XDWI.DE experiences smaller price fluctuations and is considered to be less risky than SPYP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWI.DE | SPYP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 6.50% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 14.33% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 17.04% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 17.94% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 19.34% | -2.56% |
XDWI.DE vs. SPYP.DE - Expense Ratio Comparison
XDWI.DE has a 0.25% expense ratio, which is higher than SPYP.DE's 0.18% 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
XDWI.DE vs. SPYP.DE - Dividend Comparison
Neither XDWI.DE nor SPYP.DE has paid dividends to shareholders.
Frequently Asked Questions
XDWI.DE and SPYP.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYP.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWI.DE.
XDWI.DE tracks MSCI World/Materials NR USD, while SPYP.DE tracks MSCI Europe Materials 20/35 Capped. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDWI.DE and 0.18% for SPYP.DE.
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