XSXD.DE vs. SPY5.DE

Last updated Jun 5, 2026

XSXD.DE (Xtrackers S&P 500 Swap UCITS ETF 1D) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from Xtrackers and State Street respectively. Both are passively managed. Over the past 3 years, XSXD.DE returned 19.04%/yr vs 18.89%/yr for SPY5.DE. With a 1.00 correlation, they move nearly in lockstep. XSXD.DE charges 0.07%/yr vs 0.03%/yr for SPY5.DE.

Performance

XSXD.DE vs. SPY5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.DE) and SPDR S&P 500 UCITS ETF (SPY5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with XSXD.DE having a 11.41% return and SPY5.DE slightly lower at 11.39%.

XSXD.DE

• 1D: -0.13%
• 1M: 5.23%
• YTD: 11.41%
• 6M: 11.49%
• 1Y: 25.73%
• 3Y*: 19.04%
• 5Y*: —
• 10Y*: —

SPY5.DE

• 1D: -0.13%
• 1M: 4.37%
• YTD: 11.39%
• 6M: 10.88%
• 1Y: 25.57%
• 3Y*: 18.89%
• 5Y*: 14.76%
• 10Y*: 15.13%

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

XSXD.DE vs. SPY5.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XSXD.DE Xtrackers S&P 500 Swap UCITS ETF 1D	11.41%	4.89%	32.52%	22.75%	0.51%
SPY5.DE SPDR S&P 500 UCITS ETF	11.39%	4.75%	32.36%	22.42%	0.37%

Correlation

The correlation between XSXD.DE and SPY5.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 15, 2022	1.00

The correlation between XSXD.DE and SPY5.DE has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

XSXD.DE vs. SPY5.DE — Risk / Return Rank

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

XSXD.DE

XSXD.DE Risk / Return Rank: 70
XSXD.DE Sharpe Ratio Rank: 68
XSXD.DE Sortino Ratio Rank: 66
XSXD.DE Omega Ratio Rank: 70
XSXD.DE Calmar Ratio Rank: 73
XSXD.DE Martin Ratio Rank: 70

SPY5.DE

SPY5.DE Risk / Return Rank: 69
SPY5.DE Sharpe Ratio Rank: 68
SPY5.DE Sortino Ratio Rank: 67
SPY5.DE Omega Ratio Rank: 70
SPY5.DE Calmar Ratio Rank: 73
SPY5.DE Martin Ratio Rank: 69

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.

XSXD.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.DE) and SPDR S&P 500 UCITS ETF (SPY5.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.

	XSXD.DE	SPY5.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.22	0.00
Sortino ratio: Return per unit of downside risk	3.01	3.01	0.00
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.62	3.57	+0.05
Martin ratio: Return relative to average drawdown	12.87	12.77	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSXD.DE vs. SPY5.DE - Sharpe Ratio Comparison

The current XSXD.DE Sharpe Ratio is 2.21, which is comparable to the SPY5.DE Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XSXD.DE and SPY5.DE, 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

	XSXD.DE	SPY5.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.22	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	0.97	+0.23

Drawdowns

XSXD.DE vs. SPY5.DE - Drawdown Comparison

The maximum XSXD.DE drawdown since its inception was -23.31%, smaller than the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for XSXD.DE and SPY5.DE.

Drawdown Indicators

	XSXD.DE	SPY5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-33.86%	+10.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-7.15%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	-23.34%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.86%	—
Current Drawdown Current decline from peak	-0.46%	-0.44%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.38%	-3.95%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.00%	-0.01%

Volatility

XSXD.DE vs. SPY5.DE - Volatility Comparison

Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.DE) and SPDR S&P 500 UCITS ETF (SPY5.DE) have volatilities of 2.67% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSXD.DE	SPY5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.66%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	7.54%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.57%	11.51%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	15.18%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	16.07%	-1.48%

XSXD.DE vs. SPY5.DE - Expense Ratio Comparison

XSXD.DE has a 0.07% expense ratio, which is higher than SPY5.DE's 0.03% 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

XSXD.DE vs. SPY5.DE - Dividend Comparison

XSXD.DE's dividend yield for the trailing twelve months is around 0.81%, less than SPY5.DE's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY5.DE SPDR S&P 500 UCITS ETF	0.89%	0.99%	1.03%	1.22%	1.42%	0.95%	1.37%	1.74%	3.30%	1.59%	1.57%	1.69%
XSXD.DE Xtrackers S&P 500 Swap UCITS ETF 1D	0.81%	0.94%	1.09%	1.30%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XSXD.DE and SPY5.DE in my portfolio?

With a correlation of 1.00, XSXD.DE and SPY5.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XSXD.DE or SPY5.DE?

On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSXD.DE or SPY5.DE?

SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.07% for XSXD.DE.

What is the main difference between XSXD.DE and SPY5.DE?

Both ETFs track S&P 500 Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.07% for XSXD.DE and 0.03% for SPY5.DE.