XSPX.L vs. TEMWX

Last updated Jun 5, 2026

XSPX.L (Xtrackers S&P 500 Swap UCITS ETF 1C) and TEMWX (Templeton World Fund) are both funds - XSPX.L is a S&P 500 fund tracking the S&P 500 Index, while TEMWX is a Global Equities fund managed by Franklin Templeton. Over the past 10 years, XSPX.L returned 16.30%/yr vs 8.81%/yr for TEMWX. A 0.60 correlation means they provide meaningful diversification when combined. XSPX.L charges 0.15%/yr vs 1.04%/yr for TEMWX.

Performance

XSPX.L vs. TEMWX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers S&P 500 Swap UCITS ETF 1C (XSPX.L) and Templeton World Fund (TEMWX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XSPX.L is traded in GBp, while TEMWX is traded in USD. To make them comparable, the TEMWX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XSPX.L achieves a 10.56% return, which is significantly higher than TEMWX's 7.36% return. Over the past 10 years, XSPX.L has outperformed TEMWX with an annualized return of 16.30%, while TEMWX has yielded a comparatively lower 8.81% annualized return.

XSPX.L

• 1D: -0.01%
• 1M: 5.51%
• YTD: 10.56%
• 6M: 10.49%
• 1Y: 29.14%
• 3Y*: 19.11%
• 5Y*: 15.05%
• 10Y*: 16.30%

TEMWX

• 1D: -0.58%
• 1M: 4.61%
• YTD: 7.36%
• 6M: 7.40%
• 1Y: 23.71%
• 3Y*: 17.79%
• 5Y*: 10.20%
• 10Y*: 8.81%

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

XSPX.L vs. TEMWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSPX.L Xtrackers S&P 500 Swap UCITS ETF 1C	10.56%	9.46%	27.43%	19.97%	-8.90%	31.28%	13.93%	26.82%	0.30%	11.07%
TEMWX Templeton World Fund	7.36%	12.77%	22.44%	25.68%	-13.75%	9.06%	0.55%	7.77%	-6.81%	2.99%

Correlation

The correlation between XSPX.L and TEMWX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since May 19, 2010	0.60

The correlation between XSPX.L and TEMWX has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

Return for Risk

XSPX.L vs. TEMWX — Risk / Return Rank

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

XSPX.L

XSPX.L Risk / Return Rank: 82
XSPX.L Sharpe Ratio Rank: 85
XSPX.L Sortino Ratio Rank: 84
XSPX.L Omega Ratio Rank: 86
XSPX.L Calmar Ratio Rank: 79
XSPX.L Martin Ratio Rank: 76

TEMWX

TEMWX Risk / Return Rank: 27
TEMWX Sharpe Ratio Rank: 29
TEMWX Sortino Ratio Rank: 26
TEMWX Omega Ratio Rank: 27
TEMWX Calmar Ratio Rank: 22
TEMWX Martin Ratio Rank: 30

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.

XSPX.L vs. TEMWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF 1C (XSPX.L) and Templeton World Fund (TEMWX). 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.

	XSPX.L	TEMWX	Difference
Sharpe ratio: Return per unit of total volatility	2.76	1.73	+1.03
Sortino ratio: Return per unit of downside risk	3.69	2.35	+1.34
Omega ratio: Gain probability vs. loss probability	1.52	1.32	+0.20
Calmar ratio: Return relative to maximum drawdown	3.98	2.07	+1.91
Martin ratio: Return relative to average drawdown	14.33	7.88	+6.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSPX.L vs. TEMWX - Sharpe Ratio Comparison

The current XSPX.L Sharpe Ratio is 2.76, which is higher than the TEMWX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of XSPX.L and TEMWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSPX.L	TEMWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	1.73	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	0.62	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	0.55	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.41	+0.58

Drawdowns

XSPX.L vs. TEMWX - Drawdown Comparison

The maximum XSPX.L drawdown since its inception was -25.50%, smaller than the maximum TEMWX drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for XSPX.L and TEMWX.

Drawdown Indicators

	XSPX.L	TEMWX	Difference
Max Drawdown Largest peak-to-trough decline	-25.50%	-33.43%	+7.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-11.72%	+4.44%
Max Drawdown (3Y) Largest decline over 3 years	-21.09%	-20.53%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-21.09%	-20.53%	-0.56%
Max Drawdown (10Y) Largest decline over 10 years	-25.50%	-26.39%	+0.89%
Current Drawdown Current decline from peak	-0.23%	-0.66%	+0.43%
Average Drawdown Average peak-to-trough decline	-3.37%	-6.53%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	3.08%	-1.05%

Volatility

XSPX.L vs. TEMWX - Volatility Comparison

The current volatility for Xtrackers S&P 500 Swap UCITS ETF 1C (XSPX.L) is 2.62%, while Templeton World Fund (TEMWX) has a volatility of 4.63%. This indicates that XSPX.L experiences smaller price fluctuations and is considered to be less risky than TEMWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSPX.L	TEMWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	4.63%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	7.15%	11.14%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	14.05%	-3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.28%	16.43%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	16.20%	-0.67%

XSPX.L vs. TEMWX - Expense Ratio Comparison

XSPX.L has a 0.15% expense ratio, which is lower than TEMWX's 1.04% expense ratio.

Dividends

XSPX.L vs. TEMWX - Dividend Comparison

XSPX.L has not paid dividends to shareholders, while TEMWX's dividend yield for the trailing twelve months is around 12.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEMWX Templeton World Fund	12.48%	13.34%	8.52%	0.63%	1.60%	1.53%	0.00%	1.15%	21.11%	5.83%	2.77%	5.66%
XSPX.L Xtrackers S&P 500 Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XSPX.L and TEMWX in my portfolio?

XSPX.L and TEMWX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.