XS5E.DE vs. XNAS.DE
XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - XS5E.DE is a S&P 500 fund tracking the S&P 500 Index (EUR Hedged), while XNAS.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 3 years, XS5E.DE returned 17.82%/yr vs 23.27%/yr for XNAS.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XS5E.DE vs. XNAS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XS5E.DE achieves a 7.75% return, which is significantly lower than XNAS.DE's 19.10% return.
XS5E.DE
- 1D
- 0.18%
- 1M
- -0.99%
- 6M
- 8.38%
- YTD
- 7.75%
- 1Y
- 17.67%
- 3Y*
- 17.82%
- 5Y*
- —
- 10Y*
- —
XNAS.DE
- 1D
- 0.00%
- 1M
- -2.01%
- 6M
- 20.42%
- YTD
- 19.10%
- 1Y
- 33.14%
- 3Y*
- 23.27%
- 5Y*
- 16.39%
- 10Y*
- —
XS5E.DE vs. XNAS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.75% | 15.25% | 23.26% | 23.58% | -21.91% | 9.25% |
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 19.10% | 7.11% | 33.75% | 51.36% | -29.99% | 13.18% |
Correlation
The correlation between XS5E.DE and XNAS.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.83 |
The correlation between XS5E.DE and XNAS.DE has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
XS5E.DE vs. XNAS.DE — Risk / Return Rank
XS5E.DE
XNAS.DE
XS5E.DE vs. XNAS.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 Nasdaq 100 UCITS ETF 1C (XNAS.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 | XNAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.33 | -1.29 |
| Martin ratioReturn relative to average drawdown | 8.14 | 9.64 | -1.50 |
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Drawdowns
XS5E.DE vs. XNAS.DE - Drawdown Comparison
The maximum XS5E.DE drawdown since its inception was -26.08%, smaller than the maximum XNAS.DE drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for XS5E.DE and XNAS.DE.
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Drawdown Indicators
| XS5E.DE | XNAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -31.25% | +5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -10.00% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -26.72% | +8.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.25% | — |
Current DrawdownCurrent decline from peak | -1.61% | -2.56% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -7.75% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 3.45% | -1.28% |
Volatility
XS5E.DE vs. XNAS.DE - Volatility Comparison
The current volatility for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) is 4.03%, while Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) has a volatility of 6.66%. This indicates that XS5E.DE experiences smaller price fluctuations and is considered to be less risky than XNAS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XS5E.DE | XNAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 6.66% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 12.34% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 16.97% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 20.06% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 19.92% | -3.68% |
XS5E.DE vs. XNAS.DE - Expense Ratio Comparison
Both XS5E.DE and XNAS.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. XNAS.DE - Dividend Comparison
Neither XS5E.DE nor XNAS.DE has paid dividends to shareholders.
Frequently Asked Questions
XS5E.DE and XNAS.DE have a correlation of 0.79, 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 XNAS.DE have the same expense ratio: 0.20% per year.
XS5E.DE is categorized as S&P 500, while XNAS.DE is Nasdaq-100. XS5E.DE tracks S&P 500 Index (EUR Hedged), while XNAS.DE tracks Nasdaq 100®.
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