XOEX vs. XAIX

Last updated Jun 23, 2026

XOEX (Xtrackers S&P 100 Ex Top 20 ETF) and XAIX (Xtrackers Artificial Intelligence and Big Data ETF) are both exchange-traded funds - XOEX is a Large Cap Blend Equities fund tracking the S&P 100 Ex-Top 20 Select Index, while XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index. Both are passively managed. Over the past year, XOEX returned 27.52% vs 62.69% for XAIX. A 0.61 correlation means they provide meaningful diversification when combined. XOEX charges 0.15%/yr vs 0.35%/yr for XAIX.

Performance

XOEX vs. XAIX - 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 Xtrackers Artificial Intelligence and Big Data ETF (XAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOEX achieves a 10.16% return, which is significantly lower than XAIX's 37.44% return.

XOEX

• 1D: 0.10%
• 1M: 1.53%
• YTD: 10.16%
• 6M: 9.30%
• 1Y: 27.52%
• 3Y*: 18.17%
• 5Y*: —
• 10Y*: —

XAIX

• 1D: 0.41%
• 1M: 9.09%
• YTD: 37.44%
• 6M: 37.80%
• 1Y: 62.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XOEX vs. XAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XOEX Xtrackers S&P 100 Ex Top 20 ETF	10.16%	18.97%	2.72%
XAIX Xtrackers Artificial Intelligence and Big Data ETF	37.44%	29.05%	15.21%

Correlation

The correlation between XOEX and XAIX is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	0.61

The correlation between XOEX and XAIX has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

XOEX vs. XAIX - Sectors Allocation Comparison

Sectors	XOEX	XAIX
Technology	19.4%	71.7%
Financial Services	17.4%	5.2%
Healthcare	15.9%	0.0%
Industrials	14.5%	0.1%
Consumer Defensive	9.2%	0.0%
Consumer Cyclical	6.8%	8.9%
Communication Services	6.7%	14.1%
Utilities	4.5%	0.0%
Energy	3.0%	0.0%
Basic Materials	1.6%	0.0%
Real Estate	1.0%	-

Return for Risk

XOEX vs. XAIX — Risk / Return Rank

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

XOEX

XOEX Risk / Return Rank: 79
XOEX Sharpe Ratio Rank: 80
XOEX Sortino Ratio Rank: 82
XOEX Omega Ratio Rank: 77
XOEX Calmar Ratio Rank: 76
XOEX Martin Ratio Rank: 79

XAIX

XAIX Risk / Return Rank: 82
XAIX Sharpe Ratio Rank: 86
XAIX Sortino Ratio Rank: 78
XAIX Omega Ratio Rank: 81
XAIX Calmar Ratio Rank: 85
XAIX Martin Ratio Rank: 80

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.

XOEX vs. XAIX - 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 Xtrackers Artificial Intelligence and Big Data ETF (XAIX). 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	XAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.68	-0.23
Sortino ratio: Return per unit of downside risk	3.48	3.32	+0.17
Omega ratio: Gain probability vs. loss probability	1.44	1.46	-0.02
Calmar ratio: Return relative to maximum drawdown	3.78	4.50	-0.72
Martin ratio: Return relative to average drawdown	14.90	15.22	-0.32

XOEX vs. XAIX - Sharpe Ratio Comparison

The current XOEX Sharpe Ratio is 2.45, which is comparable to the XAIX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of XOEX and XAIX, 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. XAIX - Drawdown Comparison

The maximum XOEX drawdown since its inception was -14.68%, smaller than the maximum XAIX drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for XOEX and XAIX.

Drawdown Indicators

	XOEX	XAIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-23.95%	+9.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-14.01%	+6.70%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Current Drawdown Current decline from peak	-0.90%	-3.23%	+2.33%
Average Drawdown Average peak-to-trough decline	-2.62%	-3.58%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	4.13%	-2.28%

Volatility

XOEX vs. XAIX - Volatility Comparison

The current volatility for Xtrackers S&P 100 Ex Top 20 ETF (XOEX) is 4.00%, while Xtrackers Artificial Intelligence and Big Data ETF (XAIX) has a volatility of 13.24%. This indicates that XOEX experiences smaller price fluctuations and is considered to be less risky than XAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOEX	XAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	13.24%	-9.24%
Volatility (6M) Calculated over the trailing 6-month period	8.86%	20.53%	-11.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	23.53%	-12.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	24.45%	-11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.45%	24.45%	-11.00%

XOEX vs. XAIX - Expense Ratio Comparison

XOEX has a 0.15% expense ratio, which is lower than XAIX's 0.35% expense ratio.

Dividends

XOEX vs. XAIX - Dividend Comparison

XOEX's dividend yield for the trailing twelve months is around 1.47%, more than XAIX's 0.37% yield.

Position	TTM	2025	2024	2023	2022
XAIX Xtrackers Artificial Intelligence and Big Data ETF	0.37%	0.54%	0.08%	0.00%	0.00%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	1.47%	1.95%	2.09%	1.72%	0.42%

Frequently Asked Questions

Can I hold both XOEX and XAIX in my portfolio?

XOEX and XAIX have a correlation of 0.62, 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 XAIX?

XAIX has higher volatility (13.24%) compared to XOEX (4.00%). In terms of maximum drawdown, XOEX dropped -14.68% vs XAIX's -23.95%.

Which ETF is better, XOEX or XAIX?

On 1-year performance, XAIX leads with 62.69% vs 27.52% for XOEX. On fees, XOEX is cheaper at 0.15% per year. On volatility, XOEX has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOEX or XAIX?

Over the 1-year period, XAIX has performed better with a 62.69% return vs 27.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOEX or XAIX?

XOEX is cheaper with a 0.15% expense ratio, compared with 0.35% for XAIX.

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

XOEX has the higher dividend yield at 1.47%, compared with 0.37% for XAIX.

What is the main difference between XOEX and XAIX?

XOEX is categorized as Large Cap Blend Equities, while XAIX is Technology Equities. XOEX tracks S&P 100 Ex-Top 20 Select Index, while XAIX tracks Nasdaq Global Artificial Intelligence and Big Data Index. Their fees differ too: 0.15% for XOEX and 0.35% for XAIX.

Which has better risk-adjusted returns?

XAIX currently has the higher Sharpe Ratio (2.68 vs 2.45), 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.