XM1D.DE vs. ^GSPC

Last updated Jun 26, 2026

XM1D.DE (Xtrackers MSCI Japan UCITS ETF) is Japan Equities fund tracking the MSCI Japan, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, XM1D.DE returned 17.45%/yr vs 17.70%/yr for ^GSPC. At a 0.38 correlation, their price movements are largely independent.

Performance

XM1D.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Japan UCITS ETF (XM1D.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XM1D.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XM1D.DE achieves a 19.51% return, which is significantly higher than ^GSPC's 11.08% return.

XM1D.DE

• 1D: 0.00%
• 1M: 2.82%
• YTD: 19.51%
• 6M: 19.67%
• 1Y: 37.82%
• 3Y*: 17.45%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: -0.08%
• 1M: 0.13%
• YTD: 11.08%
• 6M: 9.99%
• 1Y: 23.85%
• 3Y*: 17.70%
• 5Y*: 12.53%
• 10Y*: 13.56%

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

XM1D.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XM1D.DE Xtrackers MSCI Japan UCITS ETF	19.51%	12.60%	13.72%	-86.78%
^GSPC S&P 500 Index	11.08%	2.58%	31.45%	14.38%

Correlation

The correlation between XM1D.DE and ^GSPC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 8, 2023	0.38

Return for Risk

XM1D.DE vs. ^GSPC — Risk / Return Rank

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

XM1D.DE

XM1D.DE Risk / Return Rank: 49
XM1D.DE Sharpe Ratio Rank: 41
XM1D.DE Sortino Ratio Rank: 44
XM1D.DE Omega Ratio Rank: 63
XM1D.DE Calmar Ratio Rank: 58
XM1D.DE Martin Ratio Rank: 38

^GSPC

^GSPC Risk / Return Rank: 70
^GSPC Sharpe Ratio Rank: 68
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 71
^GSPC Calmar Ratio Rank: 62
^GSPC Martin Ratio Rank: 78

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.

XM1D.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF (XM1D.DE) 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.

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.

	XM1D.DE	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.90	-0.58
Sortino ratio: Return per unit of downside risk	2.04	2.48	-0.44
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	2.50	3.17	-0.67
Martin ratio: Return relative to average drawdown	5.53	11.71	-6.18

XM1D.DE vs. ^GSPC - Sharpe Ratio Comparison

The current XM1D.DE Sharpe Ratio is 1.33, which is lower than the ^GSPC Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of XM1D.DE and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XM1D.DE vs. ^GSPC - Drawdown Comparison

The maximum XM1D.DE drawdown since its inception was -88.37%, which is greater than ^GSPC's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for XM1D.DE and ^GSPC.

Drawdown Indicators

	XM1D.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-88.37%	-51.62%	-36.75%
Max Drawdown (1Y) Largest decline over 1 year	-15.14%	-7.57%	-7.57%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-23.99%	+7.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.42%	—
Current Drawdown Current decline from peak	-79.76%	-1.08%	-78.68%
Average Drawdown Average peak-to-trough decline	-84.93%	-9.08%	-75.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.84%	2.04%	+4.80%

Volatility

XM1D.DE vs. ^GSPC - Volatility Comparison

Xtrackers MSCI Japan UCITS ETF (XM1D.DE) has a higher volatility of 6.26% compared to S&P 500 Index (^GSPC) at 3.97%. This indicates that XM1D.DE'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

	XM1D.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	3.97%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	16.10%	9.16%	+6.94%
Volatility (1Y) Calculated over the trailing 1-year period	28.50%	12.60%	+15.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.46%	16.86%	+35.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.46%	18.61%	+33.85%

Frequently Asked Questions

Can I hold both XM1D.DE and ^GSPC in my portfolio?

XM1D.DE and ^GSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.