XUTE.DE vs. XDEW.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XUTE.DE is a Government Bonds fund tracking the iBoxx USD Treasuries Index (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 5 years, XUTE.DE returned -2.68%/yr vs 9.52%/yr for XDEW.DE. At a correlation of -0.16, they often move in opposite directions. XUTE.DE charges 0.10%/yr vs 0.20%/yr for XDEW.DE.
Performance
XUTE.DE vs. XDEW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUTE.DE achieves a -1.03% return, which is significantly lower than XDEW.DE's 14.50% return.
XUTE.DE
- 1D
- 0.22%
- 1M
- -0.39%
- 6M
- -0.88%
- YTD
- -1.03%
- 1Y
- 1.43%
- 3Y*
- 0.90%
- 5Y*
- -2.68%
- 10Y*
- —
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
XUTE.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.03% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between XUTE.DE and XDEW.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | -0.16 |
The correlation between XUTE.DE and XDEW.DE shifts across timeframes, from -0.16 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUTE.DE vs. XDEW.DE — Risk / Return Rank
XUTE.DE
XDEW.DE
XUTE.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.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.
| XUTE.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.91 | -3.50 |
| Martin ratioReturn relative to average drawdown | 0.99 | 12.05 | -11.06 |
Loading charts...
Drawdowns
XUTE.DE vs. XDEW.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and XDEW.DE.
Loading charts...
Drawdown Indicators
| XUTE.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -38.79% | +15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -5.06% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -22.70% | +16.93% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -22.70% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -16.92% | -0.61% | -16.31% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -5.33% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.65% | -0.22% |
Volatility
XUTE.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 1.00%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that XUTE.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.
Loading charts...
Volatility by Period
| XUTE.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.81% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 6.82% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 10.43% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 14.90% | -9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 16.80% | -11.72% |
XUTE.DE vs. XDEW.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% expense ratio, which is lower than XDEW.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUTE.DE vs. XDEW.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.40%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and XDEW.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XDEW.DE.
XUTE.DE is categorized as Government Bonds, while XDEW.DE is S&P 500. XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.10% for XUTE.DE and 0.20% for XDEW.DE.
Find the right allocation for XUTE.DE and XDEW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer