XZE5.DE vs. XDEW.DE
XZE5.DE (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XZE5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, 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, XZE5.DE returned 1.06%/yr vs 9.52%/yr for XDEW.DE. At a 0.23 correlation, their price movements are largely independent. XZE5.DE charges 0.16%/yr vs 0.20%/yr for XDEW.DE.
Performance
XZE5.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZE5.DE achieves a 0.55% return, which is significantly lower than XDEW.DE's 14.50% return.
XZE5.DE
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- 0.29%
- YTD
- 0.55%
- 1Y
- 1.25%
- 3Y*
- 3.81%
- 5Y*
- 1.06%
- 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%
XZE5.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XZE5.DE Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C | 0.55% | 3.08% | 4.10% | 5.27% | -6.80% | -0.40% | 0.99% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 13.30% |
Correlation
The correlation between XZE5.DE and XDEW.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2020 | 0.23 |
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Return for Risk
XZE5.DE vs. XDEW.DE — Risk / Return Rank
XZE5.DE
XDEW.DE
XZE5.DE vs. XDEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.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.
| XZE5.DE | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.91 | -3.15 |
| Martin ratioReturn relative to average drawdown | 2.67 | 12.05 | -9.38 |
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Drawdowns
XZE5.DE vs. XDEW.DE - Drawdown Comparison
The maximum XZE5.DE drawdown since its inception was -8.73%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XZE5.DE and XDEW.DE.
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Drawdown Indicators
| XZE5.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -38.79% | +30.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -5.06% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.66% | -22.70% | +21.04% |
Max Drawdown (5Y)Largest decline over 5 years | -8.73% | -22.70% | +13.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.61% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -5.33% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 1.65% | -1.18% |
Volatility
XZE5.DE vs. XDEW.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.DE) is 0.56%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a volatility of 2.81%. This indicates that XZE5.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
| XZE5.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 2.81% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 6.82% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 10.43% | -8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 14.90% | -12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 16.80% | -14.42% |
XZE5.DE vs. XDEW.DE - Expense Ratio Comparison
XZE5.DE has a 0.16% 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
XZE5.DE vs. XDEW.DE - Dividend Comparison
Neither XZE5.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XZE5.DE and XDEW.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZE5.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZE5.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for XDEW.DE.
XZE5.DE is categorized as European Corporate Bonds, while XDEW.DE is S&P 500. XZE5.DE tracks Bloomberg Euro Corp TR EUR, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.16% for XZE5.DE and 0.20% for XDEW.DE.
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