XS5E.DE vs. XDEW.DE
XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds from Xtrackers - XS5E.DE tracks the S&P 500 Index (EUR Hedged) while XDEW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, XS5E.DE returned 17.00%/yr vs 12.62%/yr for XDEW.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XS5E.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XS5E.DE achieves a 7.25% return, which is significantly lower than XDEW.DE's 14.50% return.
XS5E.DE
- 1D
- -1.26%
- 1M
- -0.73%
- 6M
- 6.63%
- YTD
- 7.25%
- 1Y
- 17.01%
- 3Y*
- 17.00%
- 5Y*
- —
- 10Y*
- —
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%
XS5E.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.25% | 15.25% | 23.26% | 23.58% | -21.91% | 9.25% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 12.48% |
Correlation
The correlation between XS5E.DE and XDEW.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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.73 |
The correlation between XS5E.DE and XDEW.DE shifts across timeframes, from 0.56 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XS5E.DE vs. XDEW.DE — Risk / Return Rank
XS5E.DE
XDEW.DE
XS5E.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.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.
| XS5E.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.91 | -1.95 |
| Martin ratioReturn relative to average drawdown | 7.77 | 12.05 | -4.28 |
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Drawdowns
XS5E.DE vs. XDEW.DE - Drawdown Comparison
The maximum XS5E.DE drawdown since its inception was -26.08%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XS5E.DE and XDEW.DE.
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Drawdown Indicators
| XS5E.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -38.79% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -5.06% | -3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -22.70% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -2.06% | -0.61% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -5.33% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.65% | +0.53% |
Volatility
XS5E.DE vs. XDEW.DE - Volatility Comparison
Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) have volatilities of 2.94% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XS5E.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.81% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 6.82% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 10.43% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 14.90% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 16.80% | -0.60% |
XS5E.DE vs. XDEW.DE - Expense Ratio Comparison
Both XS5E.DE and XDEW.DE 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
XS5E.DE vs. XDEW.DE - Dividend Comparison
Neither XS5E.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XS5E.DE and XDEW.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XS5E.DE and XDEW.DE have the same expense ratio: 0.20% per year.
XS5E.DE tracks S&P 500 Index (EUR Hedged), while XDEW.DE tracks S&P 500 Equal Weight Index.
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