XMKA.DE vs. XDEW.DE
XMKA.DE (Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XMKA.DE is a Emerging Markets Equities fund tracking the MSCI EFM Africa Top 50 Capped Index, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, XMKA.DE returned 2.94%/yr vs 11.04%/yr for XDEW.DE. At a 0.45 correlation, their price movements are largely independent. XMKA.DE charges 0.65%/yr vs 0.20%/yr for XDEW.DE.
Performance
XMKA.DE vs. XDEW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XMKA.DE achieves a -1.31% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, XMKA.DE has underperformed XDEW.DE with an annualized return of 2.94%, while XDEW.DE has yielded a comparatively higher 11.04% annualized return.
XMKA.DE
- 1D
- -1.31%
- 1M
- -3.10%
- 6M
- -7.74%
- YTD
- -1.31%
- 1Y
- 14.97%
- 3Y*
- 13.72%
- 5Y*
- 6.22%
- 10Y*
- 2.94%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
XMKA.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMKA.DE Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) | -1.31% | 36.20% | 10.13% | -6.42% | -6.03% | 12.80% | -15.94% | 13.45% | -15.31% | 10.09% |
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% |
Correlation
The correlation between XMKA.DE and XDEW.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.45 |
Over the past year, the correlation between XMKA.DE and XDEW.DE has dropped to 0.23 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XMKA.DE vs. XDEW.DE — Risk / Return Rank
XMKA.DE
XDEW.DE
XMKA.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
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.
| XMKA.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.91 | -2.99 |
| Martin ratioReturn relative to average drawdown | 2.17 | 12.05 | -9.88 |
Loading charts...
Drawdowns
XMKA.DE vs. XDEW.DE - Drawdown Comparison
The maximum XMKA.DE drawdown since its inception was -51.47%, which is greater than XDEW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XMKA.DE and XDEW.DE.
Loading charts...
Drawdown Indicators
| XMKA.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -38.79% | -12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -5.06% | -11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -22.70% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -22.70% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -38.79% | -8.42% |
Current DrawdownCurrent decline from peak | -10.83% | -0.61% | -10.22% |
Average DrawdownAverage peak-to-trough decline | -22.00% | -5.33% | -16.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 1.65% | +5.23% |
Volatility
XMKA.DE vs. XDEW.DE - Volatility Comparison
Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) has a higher volatility of 4.67% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that XMKA.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XMKA.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 2.81% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.99% | 6.82% | +10.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 10.43% | +9.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 14.90% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.66% | 16.80% | +4.86% |
XMKA.DE vs. XDEW.DE - Expense Ratio Comparison
XMKA.DE has a 0.65% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
XMKA.DE vs. XDEW.DE - Dividend Comparison
Neither XMKA.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XMKA.DE and XDEW.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for XMKA.DE.
XMKA.DE is categorized as Emerging Markets Equities, while XDEW.DE is S&P 500. XMKA.DE tracks MSCI EFM Africa Top 50 Capped Index, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.65% for XMKA.DE and 0.20% for XDEW.DE.
Find the right allocation for XMKA.DE and XDEW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer