XOEX vs. TDVG

Last updated Aug 2, 2026

XOEX (Xtrackers S&P 100 Ex Top 20 ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Blend Equities funds. XOEX is passively managed, while TDVG is actively managed. Over the past 3 years, XOEX returned 16.00%/yr vs 14.55%/yr for TDVG. Their correlation of 0.91 means they have usually moved in the same direction. XOEX charges 0.15%/yr vs 0.50%/yr for TDVG.

Performance

XOEX vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 100 Ex Top 20 ETF (XOEX) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with XOEX having a 10.64% return and TDVG slightly higher at 10.93%.

XOEX

• 1D: -0.01%
• 1M: -1.22%
• 6M: 9.22%
• YTD: 10.64%
• 1Y: 25.33%
• 3Y*: 16.00%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.43%

TDVG

• 1D: -0.24%
• 1M: 0.47%
• 6M: 9.09%
• YTD: 10.93%
• 1Y: 19.23%
• 3Y*: 14.55%
• 5Y*: 10.00%
• 10Y*: —
• ALL TIME*: 13.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TDVG T. Rowe Price Dividend Growth ETF	$2.11M	$3.07M	$2.63M
XOEX Xtrackers S&P 100 Ex Top 20 ETF	$8.95M	$4.29M	$2.05M

XOEX vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XOEX Xtrackers S&P 100 Ex Top 20 ETF	10.64%	18.97%	12.07%	15.99%	2.98%
TDVG T. Rowe Price Dividend Growth ETF	10.93%	14.80%	13.45%	13.95%	2.20%

Correlation

The correlation between XOEX and TDVG is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022	0.91

The correlation between XOEX and TDVG has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

XOEX vs. TDVG - Sectors Allocation Comparison

Sectors	XOEX	TDVG
Financial Services	18.0%	19.3%
Healthcare	17.6%	12.8%
Technology	16.8%	27.4%
Industrials	14.4%	14.4%
Consumer Defensive	9.4%	6.6%
Consumer Cyclical	6.7%	6.7%
Communication Services	6.5%	0.8%
Utilities	4.4%	3.2%
Energy	3.4%	4.5%
Basic Materials	1.6%	2.8%
Real Estate	1.0%	1.5%

Return for Risk

XOEX vs. TDVG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XOEX

XOEX Risk / Return Rank: 87
XOEX Sharpe Ratio Rank: 87
XOEX Sortino Ratio Rank: 88
XOEX Omega Ratio Rank: 86
XOEX Calmar Ratio Rank: 85
XOEX Martin Ratio Rank: 87

TDVG

TDVG Risk / Return Rank: 80
TDVG Sharpe Ratio Rank: 82
TDVG Sortino Ratio Rank: 83
TDVG Omega Ratio Rank: 80
TDVG Calmar Ratio Rank: 73
TDVG Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XOEX vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 100 Ex Top 20 ETF (XOEX) and T. Rowe Price Dividend Growth ETF (TDVG). 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.

	XOEX	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.87	+0.23
Sortino ratio: Return per unit of downside risk	3.00	2.69	+0.31
Omega ratio: Gain probability vs. loss probability	1.38	1.34	+0.04
Calmar ratio: Return relative to maximum drawdown	3.28	2.51	+0.77
Martin ratio: Return relative to average drawdown	12.82	10.48	+2.34

XOEX vs. TDVG - Sharpe Ratio Comparison

The current XOEX Sharpe Ratio is 2.10, which is comparable to the TDVG Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of XOEX and TDVG, 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

XOEX vs. TDVG - Drawdown Comparison

The maximum XOEX drawdown since its inception was -14.68%, smaller than the maximum TDVG drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for XOEX and TDVG.

Drawdown Indicators

	XOEX	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-19.20%	+4.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-7.24%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-14.02%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.20%	—
Current Drawdown Current decline from peak	-1.36%	-0.92%	-0.44%
Average Drawdown Average peak-to-trough decline	-2.58%	-3.67%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.73%	+0.14%

Volatility

XOEX vs. TDVG - Volatility Comparison

Xtrackers S&P 100 Ex Top 20 ETF (XOEX) has a higher volatility of 3.03% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.20%. This indicates that XOEX's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOEX	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	2.20%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	7.30%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	9.74%	+1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.36%	13.87%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.36%	13.81%	-0.45%

XOEX vs. TDVG - Expense Ratio Comparison

XOEX has a 0.15% expense ratio, which is lower than TDVG's 0.50% expense ratio.

Dividends

XOEX vs. TDVG - Dividend Comparison

XOEX's dividend yield for the trailing twelve months is around 1.46%, more than TDVG's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	0.96%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	1.46%	1.95%	2.09%	1.72%	0.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOEX and TDVG in my portfolio?

XOEX and TDVG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOEX or TDVG?

XOEX has higher volatility (3.03%) compared to TDVG (2.20%). In terms of maximum drawdown, XOEX dropped -14.68% vs TDVG's -19.20%.

Which ETF is better, XOEX or TDVG?

On 3-year performance, XOEX leads with 16.00% vs 14.55% for TDVG. On fees, XOEX is cheaper at 0.15% per year. On volatility, TDVG has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOEX or TDVG?

Over the 3-year period, XOEX has performed better with a 16.00% return vs 14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOEX or TDVG?

XOEX is cheaper with a 0.15% expense ratio, compared with 0.50% for TDVG.

Which ETF pays a higher dividend yield, XOEX or TDVG?

XOEX has the higher dividend yield at 1.46%, compared with 0.96% for TDVG.

What is the main difference between XOEX and TDVG?

They also come from different issuers: Xtrackers and T. Rowe Price. Their fees differ too: 0.15% for XOEX and 0.50% for TDVG.

Which has better risk-adjusted returns?

XOEX currently has the higher Sharpe Ratio (2.10 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.