XSX6.DE vs. SPXS.MI
XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) and SPXS.MI (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600, while SPXS.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XSX6.DE returned 9.14%/yr vs 15.17%/yr for SPXS.MI. A 0.61 correlation means they provide meaningful diversification when combined. XSX6.DE charges 0.20%/yr vs 0.05%/yr for SPXS.MI.
Performance
XSX6.DE vs. SPXS.MI - Performance Comparison
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Returns By Period
In the year-to-date period, XSX6.DE achieves a 7.40% return, which is significantly lower than SPXS.MI's 11.42% return. Over the past 10 years, XSX6.DE has underperformed SPXS.MI with an annualized return of 9.14%, while SPXS.MI has yielded a comparatively higher 15.17% annualized return.
XSX6.DE
- 1D
- 0.59%
- 1M
- 0.87%
- YTD
- 7.40%
- 6M
- 10.04%
- 1Y
- 16.19%
- 3Y*
- 13.95%
- 5Y*
- 9.70%
- 10Y*
- 9.14%
SPXS.MI
- 1D
- -0.11%
- 1M
- 4.41%
- YTD
- 11.42%
- 6M
- 10.99%
- 1Y
- 25.75%
- 3Y*
- 19.09%
- 5Y*
- 14.98%
- 10Y*
- 15.17%
XSX6.DE vs. SPXS.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 7.40% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
SPXS.MI Invesco S&P 500 UCITS ETF | 11.42% | 4.51% | 33.86% | 22.52% | -14.49% | 41.21% | 7.76% | 34.77% | -0.95% | 6.04% |
Correlation
The correlation between XSX6.DE and SPXS.MI is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.61 |
The correlation between XSX6.DE and SPXS.MI shifts across timeframes, from 0.56 (3 years) to 0.66 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XSX6.DE vs. SPXS.MI — Risk / Return Rank
XSX6.DE
SPXS.MI
XSX6.DE vs. SPXS.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) and Invesco S&P 500 UCITS ETF (SPXS.MI). 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.
| XSX6.DE | SPXS.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.42 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.70 | -1.97 |
| Martin ratioReturn relative to average drawdown | 6.55 | 13.16 | -6.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XSX6.DE | SPXS.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.26 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.98 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.97 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.95 | -0.36 |
Drawdowns
XSX6.DE vs. SPXS.MI - Drawdown Comparison
The maximum XSX6.DE drawdown since its inception was -36.05%, which is greater than SPXS.MI's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for XSX6.DE and SPXS.MI.
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Drawdown Indicators
| XSX6.DE | SPXS.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -33.57% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -7.00% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -23.10% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -23.10% | +2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -33.57% | -2.48% |
Current DrawdownCurrent decline from peak | -1.56% | -0.40% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.35% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.96% | +0.54% |
Volatility
XSX6.DE vs. SPXS.MI - Volatility Comparison
Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) has a higher volatility of 4.26% compared to Invesco S&P 500 UCITS ETF (SPXS.MI) at 2.68%. This indicates that XSX6.DE's price experiences larger fluctuations and is considered to be riskier than SPXS.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSX6.DE | SPXS.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 2.68% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 7.56% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 11.44% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 15.13% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 16.31% | -0.70% |
XSX6.DE vs. SPXS.MI - Expense Ratio Comparison
XSX6.DE has a 0.20% expense ratio, which is higher than SPXS.MI's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSX6.DE vs. SPXS.MI - Dividend Comparison
Neither XSX6.DE nor SPXS.MI has paid dividends to shareholders.
Frequently Asked Questions
XSX6.DE and SPXS.MI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.MI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.MI is cheaper with a 0.05% expense ratio, compared with 0.20% for XSX6.DE.
XSX6.DE is categorized as Europe Equities, while SPXS.MI is S&P 500. XSX6.DE tracks STOXX® Europe 600, while SPXS.MI tracks S&P 500 Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.20% for XSX6.DE and 0.05% for SPXS.MI.
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