XUEE.DE vs. XDEW.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XUEE.DE is a Emerging Markets Bonds fund tracking the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, XUEE.DE returned 6.75%/yr vs 12.88%/yr for XDEW.DE. At a 0.35 correlation, their price movements are largely independent. XUEE.DE charges 0.40%/yr vs 0.20%/yr for XDEW.DE.
Performance
XUEE.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEE.DE achieves a 1.61% return, which is significantly lower than XDEW.DE's 14.15% return.
XUEE.DE
- 1D
- 0.00%
- 1M
- -0.71%
- 6M
- 1.68%
- YTD
- 1.61%
- 1Y
- 8.67%
- 3Y*
- 6.75%
- 5Y*
- —
- 10Y*
- —
XDEW.DE
- 1D
- -0.02%
- 1M
- 1.80%
- 6M
- 10.18%
- YTD
- 14.15%
- 1Y
- 19.97%
- 3Y*
- 12.88%
- 5Y*
- 9.45%
- 10Y*
- 11.05%
XUEE.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.61% | 11.07% | 3.86% | 8.04% | -21.68% | 0.04% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.15% | -0.46% | 18.66% | 10.08% | -6.94% | 9.94% |
Correlation
The correlation between XUEE.DE and XDEW.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.35 |
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Return for Risk
XUEE.DE vs. XDEW.DE — Risk / Return Rank
XUEE.DE
XDEW.DE
XUEE.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XUEE.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.93 | -1.84 |
| Martin ratioReturn relative to average drawdown | 8.41 | 12.11 | -3.70 |
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Drawdowns
XUEE.DE vs. XDEW.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.69%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XUEE.DE and XDEW.DE.
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Drawdown Indicators
| XUEE.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -38.79% | +8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -5.06% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -8.48% | -22.70% | +14.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -2.52% | -0.92% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -5.33% | -8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.65% | -0.62% |
Volatility
XUEE.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) is 1.15%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.73%. This indicates that XUEE.DE experiences smaller price fluctuations and is considered to be less risky than XDEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEE.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.73% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 6.91% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 10.64% | -5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 14.91% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 16.80% | -7.75% |
XUEE.DE vs. XDEW.DE - Expense Ratio Comparison
XUEE.DE has a 0.40% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
XUEE.DE vs. XDEW.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 5.01%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 5.01% | 5.41% | 6.51% | 4.80% | 4.74% |
Frequently Asked Questions
XUEE.DE and XDEW.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for XUEE.DE.
XUEE.DE is categorized as Emerging Markets Bonds, while XDEW.DE is S&P 500. XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.40% for XUEE.DE and 0.20% for XDEW.DE.
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