XNAS.DE vs. SPYQ.DE
XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) and SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) are both exchange-traded funds - XNAS.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped. Both are passively managed. Over the past 5 years, XNAS.DE returned 18.79%/yr vs 12.57%/yr for SPYQ.DE. A 0.60 correlation means they provide meaningful diversification when combined. XNAS.DE charges 0.20%/yr vs 0.18%/yr for SPYQ.DE.
Performance
XNAS.DE vs. SPYQ.DE - 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 SPYQ.DE's 7.91% return.
XNAS.DE
- 1D
- -0.83%
- 1M
- 2.97%
- YTD
- 20.53%
- 6M
- 22.04%
- 1Y
- 39.25%
- 3Y*
- 24.64%
- 5Y*
- 18.79%
- 10Y*
- —
SPYQ.DE
- 1D
- 1.99%
- 1M
- 0.10%
- YTD
- 7.91%
- 6M
- 9.26%
- 1Y
- 16.59%
- 3Y*
- 18.36%
- 5Y*
- 12.57%
- 10Y*
- 13.12%
XNAS.DE vs. SPYQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 20.53% | 7.11% | 33.75% | 51.36% | -29.99% | 31.23% |
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 7.91% | 25.52% | 14.36% | 26.68% | -16.54% | 26.25% |
Correlation
The correlation between XNAS.DE and SPYQ.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 | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | 0.60 |
The correlation between XNAS.DE and SPYQ.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
XNAS.DE vs. SPYQ.DE — Risk / Return Rank
XNAS.DE
SPYQ.DE
XNAS.DE vs. SPYQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) and SPDR MSCI Europe Industrials UCITS ETF (SPYQ.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.
| XNAS.DE | SPYQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.15 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 1.20 | +2.57 |
| Martin ratioReturn relative to average drawdown | 11.16 | 4.36 | +6.81 |
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Drawdowns
XNAS.DE vs. SPYQ.DE - Drawdown Comparison
The maximum XNAS.DE drawdown since its inception was -31.25%, smaller than the maximum SPYQ.DE drawdown of -41.44%. Use the drawdown chart below to compare losses from any high point for XNAS.DE and SPYQ.DE.
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Drawdown Indicators
| XNAS.DE | SPYQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.25% | -41.44% | +10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -13.15% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -18.37% | -8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | -29.20% | -2.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.44% | — |
Current DrawdownCurrent decline from peak | -0.83% | -3.52% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -6.49% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.63% | -0.25% |
Volatility
XNAS.DE vs. SPYQ.DE - Volatility Comparison
The current volatility for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) is 4.31%, while SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a volatility of 6.20%. This indicates that XNAS.DE experiences smaller price fluctuations and is considered to be less risky than SPYQ.DE 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 | SPYQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 6.20% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 16.72% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 19.93% | -4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 18.92% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.85% | 19.61% | +0.24% |
XNAS.DE vs. SPYQ.DE - Expense Ratio Comparison
XNAS.DE has a 0.20% expense ratio, which is higher than SPYQ.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
XNAS.DE vs. SPYQ.DE - Dividend Comparison
Neither XNAS.DE nor SPYQ.DE has paid dividends to shareholders.
Frequently Asked Questions
XNAS.DE and SPYQ.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, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for XNAS.DE.
XNAS.DE is categorized as Nasdaq-100, while SPYQ.DE is Industrials Equities. XNAS.DE tracks Nasdaq 100®, while SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.20% for XNAS.DE and 0.18% for SPYQ.DE.
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