XSW vs. ASMH

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR S&P Software & Services ETF (XSW) and ASML Holding NV ADR Hedged ETF (ASMH).

XSW and ASMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSW is a passively managed fund by State Street that tracks the performance of the S&P Software & Services Select Industry Index. It was launched on Sep 28, 2011. ASMH is a passively managed fund by Precidian Funds that tracks the performance of the ASML Holding NV Sponsored ADR. It was launched on Mar 13, 2025. Both XSW and ASMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XSW vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Software & Services ETF (XSW) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

XSW vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
XSW SPDR S&P Software & Services ETF	-23.97%	20.62%
ASMH ASML Holding NV ADR Hedged ETF	25.77%	58.84%

Returns By Period

In the year-to-date period, XSW achieves a -23.97% return, which is significantly lower than ASMH's 25.77% return.

XSW

• 1D: 2.63%
• 1M: -5.49%
• YTD: -23.97%
• 6M: -28.05%
• 1Y: -10.96%
• 3Y*: 5.07%
• 5Y*: -2.31%
• 10Y*: 11.83%

ASMH

• 1D: 4.15%
• 1M: -6.47%
• YTD: 25.77%
• 6M: 39.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XSW vs. ASMH - Expense Ratio Comparison

XSW has a 0.35% expense ratio, which is higher than ASMH's 0.19% expense ratio.

XSW

SPDR S&P Software & Services ETF

ASMH

ASML Holding NV ADR Hedged ETF

Return for Risk

XSW vs. ASMH — Risk / Return Rank

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

XSW

XSW Risk / Return Rank: 6
XSW Sharpe Ratio Rank: 6
XSW Sortino Ratio Rank: 6
XSW Omega Ratio Rank: 6
XSW Calmar Ratio Rank: 6
XSW Martin Ratio Rank: 4

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.

XSW vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Software & Services ETF (XSW) and ASML Holding NV ADR Hedged ETF (ASMH). 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.

	XSW	ASMH	Difference
Sharpe ratio Return per unit of total volatility	-0.36	—	—
Sortino ratio Return per unit of downside risk	-0.33	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.38	—	—
Martin ratio Return relative to average drawdown	-1.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XSW	ASMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	3.00	-2.42

Correlation

The correlation between XSW and ASMH is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XSW vs. ASMH - Dividend Comparison

XSW's dividend yield for the trailing twelve months is around 0.05%, less than ASMH's 1.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XSW SPDR S&P Software & Services ETF	0.05%	0.06%	0.07%	0.20%	0.09%	0.13%	0.26%	0.12%	0.31%	0.46%	0.87%	0.54%
ASMH ASML Holding NV ADR Hedged ETF	1.29%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

XSW vs. ASMH - Drawdown Comparison

The maximum XSW drawdown since its inception was -45.38%, which is greater than ASMH's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for XSW and ASMH.

Drawdown Indicators

	XSW	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-45.38%	-15.89%	-29.49%
Max Drawdown (1Y) Largest decline over 1 year	-32.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.38%	—	—
Current Drawdown Current decline from peak	-30.67%	-11.21%	-19.46%
Average Drawdown Average peak-to-trough decline	-9.66%	-4.43%	-5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.18%	—	—

Volatility

Volatility by Period

	XSW	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.30%	36.81%	-6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.21%	36.81%	-8.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	36.81%	-10.94%