Xtrackers S&P 100 Ex Top 20 ETF (XOEX) Performance
XOEX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.8% since Dec 31, 2025
- 1 year
- +15.4% total return
- 3 years
- +20.4% a year
- Since first price
- +15.7% a year since 2022
XOEX trailing returns vs SPY, QQQ, AGG
| Period | XOEX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.1% | +1.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.1% | +9.3% | +7.8% | +8.4% | −1.5% |
| YTD | +11.8% | +10.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.4% | +13.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +74.4%+20.4%/yr | +64.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionNov 9, 2022 | +78.0%+15.7%/yr | +65.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XOEX vs SPY
From Nov 9, 2022: XOEX grew to $17,799, SPY to $21,394.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XOEX returns by calendar year
3 of 3 full years positive. Best 2025 (+19.0%), worst 2024 (+12.1%). 2026 is year to date.
XOEX annual returns table
| Year | XOEX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.8% | −7.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.0% | −14.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.1% | −7.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.0% | −11.1% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XOEX largest drawdowns
Now 3.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 29, 2024 | −14.7% | Apr 8, 2025 | Jul 3, 2025 | 4 months | 7 months |
| Jul 25, 2023 | −11.1% | Oct 27, 2023 | Nov 30, 2023 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XOEX risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +18.6% | +14.1% |
| Volatility (annualized) | 12.8% | 13.0% |
| Sharpe ratio | 1.06 | 0.75 |
| Sortino ratio | 1.85 | 1.26 |
| Best month | +9.8% | +9.8% |
| Worst month | −6.6% | −6.6% |
| Best 12 months | +31.0% | +31.0% |
| Worst 12 months | +6.5% | +6.5% |
| Positive months | 72% | 65% |
| Beta vs S&P 500 | 0.86 | — |
| Correlation with S&P 500 | 0.84 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XOEX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 36 | +6.5% | +15.2% | +31.0% | 100% |
| 3-year (a year) | 12 | +14.1% | +16.2% | +19.9% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
XOEX performance overview
Xtrackers S&P 100 Ex Top 20 ETF (XOEX) returned +15.4% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +15.7% a year, turning $10,000 into about $17,799. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.7%, from Nov 29, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. XOEX finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+19.0%) and the worst 2024 (+12.1%). Volatility has been 13.0% a year.
Related: XOEX chart, XOEX holdings, XOEX dividends, XOEX valuation. See the XOEX overview for the latest quote and fund facts.
XOEX performance FAQ
What is the XOEX return over the past year?
XOEX returned +15.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.6%.
How much would $10,000 invested in XOEX be worth?
$10,000 invested in XOEX at its first recorded close on November 9, 2022 would be worth about $17,799 on October 23, 2026 with distributions reinvested.
What was the worst year for XOEX?
The worst calendar year was 2024, with a total return of +12.1%. The best was 2025 at +19.0%.
What is the biggest drawdown of XOEX?
The largest peak-to-trough decline was −14.7% between November 29, 2024 and April 8, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is XOEX?
Over the past 3 years XOEX had an annualized volatility of 12.8% and a Sharpe ratio of 1.06 (excess return over 1–3 month T-bills per unit of risk).