XS5E.DE vs. XSX6.DE
XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) are both exchange-traded funds - XS5E.DE is a S&P 500 fund tracking the S&P 500 Index (EUR Hedged), while XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 3 years, XS5E.DE returned 17.82%/yr vs 15.24%/yr for XSX6.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XS5E.DE vs. XSX6.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 XSX6.DE's 11.63% return.
XS5E.DE
- 1D
- 0.18%
- 1M
- -0.99%
- 6M
- 8.38%
- YTD
- 7.75%
- 1Y
- 17.67%
- 3Y*
- 17.82%
- 5Y*
- —
- 10Y*
- —
XSX6.DE
- 1D
- 0.00%
- 1M
- 4.56%
- 6M
- 10.88%
- YTD
- 11.63%
- 1Y
- 22.49%
- 3Y*
- 15.24%
- 5Y*
- 10.32%
- 10Y*
- 10.16%
XS5E.DE vs. XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 11.63% | 20.91% | 8.35% | 15.54% | -10.63% | 7.26% |
Correlation
The correlation between XS5E.DE and XSX6.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.73 |
The correlation between XS5E.DE and XSX6.DE has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
XS5E.DE vs. XSX6.DE — Risk / Return Rank
XS5E.DE
XSX6.DE
XS5E.DE vs. XSX6.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 STOXX Europe 600 UCITS ETF (XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.37 | -0.33 |
| Martin ratioReturn relative to average drawdown | 8.14 | 9.17 | -1.04 |
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Drawdowns
XS5E.DE vs. XSX6.DE - Drawdown Comparison
The maximum XS5E.DE drawdown since its inception was -26.08%, smaller than the maximum XSX6.DE drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for XS5E.DE and XSX6.DE.
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Drawdown Indicators
| XS5E.DE | XSX6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -36.06% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -9.46% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -16.37% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.06% | — |
Current DrawdownCurrent decline from peak | -1.61% | 0.00% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -5.24% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.44% | -0.27% |
Volatility
XS5E.DE vs. XSX6.DE - Volatility Comparison
Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) has a higher volatility of 4.03% compared to Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) at 3.11%. This indicates that XS5E.DE's price experiences larger fluctuations and is considered to be riskier than XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.11% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 10.96% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 13.02% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 14.46% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 15.23% | +1.01% |
XS5E.DE vs. XSX6.DE - Expense Ratio Comparison
Both XS5E.DE and XSX6.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. XSX6.DE - Dividend Comparison
Neither XS5E.DE nor XSX6.DE has paid dividends to shareholders.
Frequently Asked Questions
XS5E.DE and XSX6.DE have a correlation of 0.68, 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 XSX6.DE have the same expense ratio: 0.20% per year.
XS5E.DE is categorized as S&P 500, while XSX6.DE is Europe Equities. XS5E.DE tracks S&P 500 Index (EUR Hedged), while XSX6.DE tracks STOXX® Europe 600.
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