XXSC.L vs. SX5S.L

Last updated Jun 5, 2026

XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - XXSC.L tracks the MSCI Europe Small Cap NR EUR while SX5S.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, XXSC.L returned 8.44%/yr vs 11.41%/yr for SX5S.L. A 0.68 correlation means they provide meaningful diversification when combined. XXSC.L charges 0.30%/yr vs 0.05%/yr for SX5S.L.

Performance

XXSC.L vs. SX5S.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.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 XXSC.L having a 6.58% return and SX5S.L slightly lower at 6.46%. Over the past 10 years, XXSC.L has underperformed SX5S.L with an annualized return of 8.44%, while SX5S.L has yielded a comparatively higher 11.41% annualized return.

XXSC.L

• 1D: 0.56%
• 1M: 2.62%
• YTD: 6.58%
• 6M: 9.35%
• 1Y: 15.64%
• 3Y*: 11.84%
• 5Y*: 4.26%
• 10Y*: 8.44%

SX5S.L

• 1D: 0.35%
• 1M: 4.85%
• YTD: 6.46%
• 6M: 7.51%
• 1Y: 18.61%
• 3Y*: 15.51%
• 5Y*: 11.51%
• 10Y*: 11.41%

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

XXSC.L vs. SX5S.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	6.58%	22.28%	0.76%	10.44%	-17.50%	15.39%	10.55%	24.87%	-14.91%	23.58%
SX5S.L Invesco EURO STOXX 50 UCITS ETF	6.46%	27.68%	6.13%	19.91%	-3.67%	14.48%	2.12%	23.51%	-10.62%	14.35%

Correlation

The correlation between XXSC.L and SX5S.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 8, 2014	0.68

The correlation between XXSC.L and SX5S.L shifts across timeframes, from 0.68 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.

XXSC.L vs. SX5S.L - Sectors Allocation Comparison

Sectors	XXSC.L	SX5S.L
Industrials	26.6%	22.1%
Financial Services	15.3%	25.1%
Consumer Cyclical	11.4%	9.8%
Real Estate	8.3%	-
Basic Materials	7.5%	3.7%
Technology	7.4%	16.1%
Healthcare	7.3%	5.4%
Energy	5.1%	5.2%
Communication Services	5.0%	2.3%
Consumer Defensive	3.5%	5.5%
Utilities	2.5%	4.8%

Return for Risk

XXSC.L vs. SX5S.L — Risk / Return Rank

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

XXSC.L

XXSC.L Risk / Return Rank: 34
XXSC.L Sharpe Ratio Rank: 35
XXSC.L Sortino Ratio Rank: 35
XXSC.L Omega Ratio Rank: 36
XXSC.L Calmar Ratio Rank: 30
XXSC.L Martin Ratio Rank: 35

SX5S.L

SX5S.L Risk / Return Rank: 35
SX5S.L Sharpe Ratio Rank: 35
SX5S.L Sortino Ratio Rank: 35
SX5S.L Omega Ratio Rank: 35
SX5S.L Calmar Ratio Rank: 34
SX5S.L Martin Ratio Rank: 36

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.

XXSC.L vs. SX5S.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.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.

	XXSC.L	SX5S.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.23	+0.02
Sortino ratio: Return per unit of downside risk	1.80	1.83	-0.03
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.44	1.62	-0.18
Martin ratio: Return relative to average drawdown	5.17	5.40	-0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XXSC.L vs. SX5S.L - Sharpe Ratio Comparison

The current XXSC.L Sharpe Ratio is 1.25, which is comparable to the SX5S.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of XXSC.L and SX5S.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

	XXSC.L	SX5S.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.23	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.69	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.73	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.59	+0.17

Drawdowns

XXSC.L vs. SX5S.L - Drawdown Comparison

The maximum XXSC.L drawdown since its inception was -35.12%, which is greater than SX5S.L's maximum drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for XXSC.L and SX5S.L.

Drawdown Indicators

	XXSC.L	SX5S.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-32.54%	-2.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-11.43%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-13.85%	+1.01%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-21.71%	-9.03%
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	-32.54%	-2.58%
Current Drawdown Current decline from peak	-1.31%	-0.57%	-0.74%
Average Drawdown Average peak-to-trough decline	-7.53%	-5.44%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.44%	-0.42%

Volatility

XXSC.L vs. SX5S.L - Volatility Comparison

The current volatility for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) is 3.95%, while Invesco EURO STOXX 50 UCITS ETF (SX5S.L) has a volatility of 4.90%. This indicates that XXSC.L experiences smaller price fluctuations and is considered to be less risky than SX5S.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XXSC.L	SX5S.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	4.90%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	12.23%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	15.09%	-2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	17.62%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	19.88%	-3.61%

XXSC.L vs. SX5S.L - Expense Ratio Comparison

XXSC.L has a 0.30% expense ratio, which is higher than SX5S.L's 0.05% expense ratio.

Dividends

XXSC.L vs. SX5S.L - Dividend Comparison

Neither XXSC.L nor SX5S.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SX5S.L Invesco EURO STOXX 50 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.95%

Frequently Asked Questions

Can I hold both XXSC.L and SX5S.L in my portfolio?

XXSC.L and SX5S.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXSC.L or SX5S.L?

On fees, SX5S.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXSC.L or SX5S.L?

SX5S.L is cheaper with a 0.05% expense ratio, compared with 0.30% for XXSC.L.

What is the main difference between XXSC.L and SX5S.L?

XXSC.L tracks MSCI Europe Small Cap NR EUR, while SX5S.L tracks MSCI EMU NR EUR. They also come from different issuers: DWS and Invesco. Their fees differ too: 0.30% for XXSC.L and 0.05% for SX5S.L.