XNAS.DE vs. SP20.AS
XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) and SP20.AS (iShares S&P 500 Top 20 UCITS ETF USD Acc) are both exchange-traded funds - XNAS.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while SP20.AS is a S&P 500 fund tracking the S&P 500 Top 20 Select 35/20 Capped Index. Both are passively managed. Over the past year, XNAS.DE returned 37.85% vs 32.46% for SP20.AS. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XNAS.DE vs. SP20.AS - Performance Comparison
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Returns By Period
In the year-to-date period, XNAS.DE achieves a 20.53% return, which is significantly higher than SP20.AS's 8.50% return.
XNAS.DE
- 1D
- -0.83%
- 1M
- 9.23%
- YTD
- 20.53%
- 6M
- 19.39%
- 1Y
- 37.85%
- 3Y*
- 24.64%
- 5Y*
- 18.79%
- 10Y*
- —
SP20.AS
- 1D
- -0.21%
- 1M
- 4.12%
- YTD
- 8.50%
- 6M
- 8.38%
- 1Y
- 32.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNAS.DE vs. SP20.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 20.53% | 7.11% | 4.92% |
SP20.AS iShares S&P 500 Top 20 UCITS ETF USD Acc | 8.50% | 19.56% | 5.33% |
Correlation
The correlation between XNAS.DE and SP20.AS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.82 |
The correlation between XNAS.DE and SP20.AS has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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Return for Risk
XNAS.DE vs. SP20.AS — Risk / Return Rank
XNAS.DE
SP20.AS
XNAS.DE vs. SP20.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) and iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS). 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.
| XNAS.DE | SP20.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.40 | +1.37 |
| Martin ratioReturn relative to average drawdown | 11.16 | 8.91 | +2.26 |
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
| XNAS.DE | SP20.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.18 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.16 | -0.25 |
Drawdowns
XNAS.DE vs. SP20.AS - Drawdown Comparison
The maximum XNAS.DE drawdown since its inception was -31.25%, which is greater than SP20.AS's maximum drawdown of -23.48%. Use the drawdown chart below to compare losses from any high point for XNAS.DE and SP20.AS.
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Drawdown Indicators
| XNAS.DE | SP20.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.25% | -23.48% | -7.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -13.36% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -1.67% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -3.82% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.62% | -0.24% |
Volatility
XNAS.DE vs. SP20.AS - Volatility Comparison
Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) has a higher volatility of 4.31% compared to iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) at 4.08%. This indicates that XNAS.DE's price experiences larger fluctuations and is considered to be riskier than SP20.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNAS.DE | SP20.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.08% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 10.95% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 14.72% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 19.19% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 19.19% | +0.65% |
XNAS.DE vs. SP20.AS - Expense Ratio Comparison
Both XNAS.DE and SP20.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XNAS.DE vs. SP20.AS - Dividend Comparison
Neither XNAS.DE nor SP20.AS has paid dividends to shareholders.
Frequently Asked Questions
XNAS.DE and SP20.AS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XNAS.DE and SP20.AS have the same expense ratio: 0.20% per year.
XNAS.DE is categorized as Nasdaq-100, while SP20.AS is S&P 500. XNAS.DE tracks Nasdaq 100®, while SP20.AS tracks S&P 500 Top 20 Select 35/20 Capped Index. They also come from different issuers: Xtrackers and iShares.
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