XSXG.L vs. XDPP.L

Last updated Jun 5, 2026

XSXG.L (Xtrackers S&P 500 Swap UCITS ETF 1D) and XDPP.L (Xtrackers S&P 500 UCITS ETF 4C) are both S&P 500 funds from Xtrackers tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, XSXG.L returned 19.21%/yr vs 19.03%/yr for XDPP.L. With a 1.00 correlation, they move nearly in lockstep. XSXG.L charges 0.07%/yr vs 0.06%/yr for XDPP.L.

Performance

XSXG.L vs. XDPP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.L) and Xtrackers S&P 500 UCITS ETF 4C (XDPP.L). 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 XSXG.L having a 10.62% return and XDPP.L slightly lower at 10.57%.

XSXG.L

• 1D: 0.00%
• 1M: 5.53%
• YTD: 10.62%
• 6M: 10.52%
• 1Y: 29.28%
• 3Y*: 19.21%
• 5Y*: —
• 10Y*: —

XDPP.L

• 1D: 0.00%
• 1M: 5.50%
• YTD: 10.57%
• 6M: 10.48%
• 1Y: 29.16%
• 3Y*: 19.03%
• 5Y*: —
• 10Y*: —

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

XSXG.L vs. XDPP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XSXG.L Xtrackers S&P 500 Swap UCITS ETF 1D	10.62%	9.55%	27.53%	20.03%	2.67%
XDPP.L Xtrackers S&P 500 UCITS ETF 4C	10.57%	9.44%	27.26%	19.81%	2.54%

Correlation

The correlation between XSXG.L and XDPP.L 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 16, 2022	1.00

The correlation between XSXG.L and XDPP.L has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

XSXG.L vs. XDPP.L — Risk / Return Rank

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

XSXG.L

XSXG.L Risk / Return Rank: 82
XSXG.L Sharpe Ratio Rank: 86
XSXG.L Sortino Ratio Rank: 84
XSXG.L Omega Ratio Rank: 86
XSXG.L Calmar Ratio Rank: 79
XSXG.L Martin Ratio Rank: 77

XDPP.L

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

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.

XSXG.L vs. XDPP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.L) and Xtrackers S&P 500 UCITS ETF 4C (XDPP.L). 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.

	XSXG.L	XDPP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.78	0.00
Sortino ratio: Return per unit of downside risk	3.70	3.69	+0.01
Omega ratio: Gain probability vs. loss probability	1.52	1.52	0.00
Calmar ratio: Return relative to maximum drawdown	4.01	3.99	+0.02
Martin ratio: Return relative to average drawdown	14.45	14.32	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSXG.L vs. XDPP.L - Sharpe Ratio Comparison

The current XSXG.L Sharpe Ratio is 2.77, which is comparable to the XDPP.L Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of XSXG.L and XDPP.L, 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

	XSXG.L	XDPP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.78	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	1.25	+0.01

Drawdowns

XSXG.L vs. XDPP.L - Drawdown Comparison

The maximum XSXG.L drawdown since its inception was -21.10%, roughly equal to the maximum XDPP.L drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for XSXG.L and XDPP.L.

Drawdown Indicators

	XSXG.L	XDPP.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.10%	-20.98%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.27%	-7.28%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.10%	-20.98%	-0.12%
Current Drawdown Current decline from peak	-0.22%	-0.24%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.44%	-3.49%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.03%	-0.01%

Volatility

XSXG.L vs. XDPP.L - Volatility Comparison

Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.L) and Xtrackers S&P 500 UCITS ETF 4C (XDPP.L) have volatilities of 2.62% and 2.62%, 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

	XSXG.L	XDPP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.62%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	7.13%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	10.46%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	13.89%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	13.89%	+0.02%

XSXG.L vs. XDPP.L - Expense Ratio Comparison

XSXG.L has a 0.07% expense ratio, which is higher than XDPP.L's 0.06% 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

XSXG.L vs. XDPP.L - Dividend Comparison

XSXG.L's dividend yield for the trailing twelve months is around 0.82%, while XDPP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
XDPP.L Xtrackers S&P 500 UCITS ETF 4C	0.00%	0.00%	0.00%	0.00%	0.00%
XSXG.L Xtrackers S&P 500 Swap UCITS ETF 1D	0.82%	0.92%	1.11%	1.30%	0.38%

Frequently Asked Questions

Can I hold both XSXG.L and XDPP.L in my portfolio?

With a correlation of 1.00, XSXG.L and XDPP.L 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, XSXG.L or XDPP.L?

On fees, XDPP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSXG.L or XDPP.L?

XDPP.L is cheaper with a 0.06% expense ratio, compared with 0.07% for XSXG.L.

What is the main difference between XSXG.L and XDPP.L?

Both ETFs track S&P 500 Index. Their fees differ too: 0.07% for XSXG.L and 0.06% for XDPP.L.