XZMU.DE vs. SPYL.DE
XZMU.DE (Xtrackers MSCI USA ESG UCITS ETF 1C) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - XZMU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Low Carbon SRI Leaders, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, XZMU.DE returned 23.46% vs 25.61% for SPYL.DE. With a 0.96 correlation, they move nearly in lockstep. XZMU.DE charges 0.15%/yr vs 0.03%/yr for SPYL.DE.
Performance
XZMU.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZMU.DE achieves a 8.21% return, which is significantly lower than SPYL.DE's 11.37% return.
XZMU.DE
- 1D
- 0.69%
- 1M
- 5.33%
- YTD
- 8.21%
- 6M
- 9.17%
- 1Y
- 23.46%
- 3Y*
- 18.71%
- 5Y*
- 14.63%
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XZMU.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XZMU.DE Xtrackers MSCI USA ESG UCITS ETF 1C | 8.21% | 5.12% | 32.57% | 10.82% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between XZMU.DE and SPYL.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.96 |
The correlation between XZMU.DE and SPYL.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
XZMU.DE vs. SPYL.DE — Risk / Return Rank
XZMU.DE
SPYL.DE
XZMU.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| XZMU.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.58 | -1.42 |
| Martin ratioReturn relative to average drawdown | 7.62 | 12.72 | -5.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XZMU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.21 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.54 | -0.60 |
Drawdowns
XZMU.DE vs. SPYL.DE - Drawdown Comparison
The maximum XZMU.DE drawdown since its inception was -33.82%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for XZMU.DE and SPYL.DE.
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Drawdown Indicators
| XZMU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -23.27% | -10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -7.13% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.46% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -3.24% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.01% | +1.06% |
Volatility
XZMU.DE vs. SPYL.DE - Volatility Comparison
Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.DE) has a higher volatility of 3.08% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that XZMU.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZMU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.66% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 7.57% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 11.52% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 14.61% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 14.61% | +3.28% |
XZMU.DE vs. SPYL.DE - Expense Ratio Comparison
XZMU.DE has a 0.15% expense ratio, which is higher than SPYL.DE's 0.03% 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
XZMU.DE vs. SPYL.DE - Dividend Comparison
Neither XZMU.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, XZMU.DE and SPYL.DE 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.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for XZMU.DE.
XZMU.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. XZMU.DE tracks MSCI USA Low Carbon SRI Leaders, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.15% for XZMU.DE and 0.03% for SPYL.DE.
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