18M2.DE vs. XESD.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, 18M2.DE returned 9.74%/yr vs 14.01%/yr for XESD.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
18M2.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18M2.DE achieves a 9.78% return, which is significantly lower than XESD.DE's 14.69% return. Over the past 10 years, 18M2.DE has underperformed XESD.DE with an annualized return of 9.74%, while XESD.DE has yielded a comparatively higher 14.01% annualized return.
18M2.DE
- 1D
- 0.58%
- 1M
- 1.74%
- YTD
- 9.78%
- 6M
- 10.49%
- 1Y
- 22.11%
- 3Y*
- 13.49%
- 5Y*
- 9.48%
- 10Y*
- 9.74%
XESD.DE
- 1D
- 0.62%
- 1M
- 6.78%
- YTD
- 14.69%
- 6M
- 15.76%
- 1Y
- 47.75%
- 3Y*
- 32.29%
- 5Y*
- 20.35%
- 10Y*
- 14.01%
18M2.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 9.78% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.69% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
Correlation
The correlation between 18M2.DE and XESD.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.82 |
The correlation between 18M2.DE and XESD.DE shifts across timeframes, from 0.72 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
18M2.DE vs. XESD.DE — Risk / Return Rank
18M2.DE
XESD.DE
18M2.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and Xtrackers Spanish Equity UCITS ETF (XESD.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.
| 18M2.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.50 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 4.62 | -1.07 |
| Martin ratioReturn relative to average drawdown | 9.52 | 16.31 | -6.79 |
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Drawdowns
18M2.DE vs. XESD.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, roughly equal to the maximum XESD.DE drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and XESD.DE.
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Drawdown Indicators
| 18M2.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -38.76% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -10.28% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -12.49% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -18.55% | -2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -38.76% | +1.70% |
Current DrawdownCurrent decline from peak | -0.14% | -0.18% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -8.46% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.92% | -0.60% |
Volatility
18M2.DE vs. XESD.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.15%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.05%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than XESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M2.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 4.05% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 14.41% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 17.06% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 16.77% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 18.49% | -3.32% |
18M2.DE vs. XESD.DE - Expense Ratio Comparison
Both 18M2.DE and XESD.DE have an expense ratio of 0.30%.
Dividends
18M2.DE vs. XESD.DE - Dividend Comparison
18M2.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.34% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
18M2.DE and XESD.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE and XESD.DE have the same expense ratio: 0.30% per year.
18M2.DE tracks MSCI EMU High Dividend Yield, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Amundi and Xtrackers.
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