AE50.DE vs. XESP.DE
AE50.DE (Amundi ETF STOXX Europe 50 UCITS ETF EUR) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - AE50.DE tracks the STOXX® Europe 50 while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, AE50.DE returned 11.33%/yr vs 18.91%/yr for XESP.DE. A 0.75 correlation means they provide meaningful diversification when combined. AE50.DE charges 0.15%/yr vs 0.30%/yr for XESP.DE.
Performance
AE50.DE vs. XESP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AE50.DE having a 7.47% return and XESP.DE slightly lower at 7.33%.
AE50.DE
- 1D
- 0.82%
- 1M
- 3.36%
- YTD
- 7.47%
- 6M
- 9.70%
- 1Y
- 16.71%
- 3Y*
- 12.27%
- 5Y*
- 11.33%
- 10Y*
- 9.32%
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
AE50.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 UCITS ETF EUR | 7.47% | 18.08% | 7.63% | 14.90% | -1.62% | 26.03% | -6.38% | 28.61% | -10.46% | 3.04% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -1.69% |
Correlation
The correlation between AE50.DE and XESP.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.75 |
The correlation between AE50.DE and XESP.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
AE50.DE vs. XESP.DE — Risk / Return Rank
AE50.DE
XESP.DE
AE50.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.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.
| AE50.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.51 | -1.77 |
| Martin ratioReturn relative to average drawdown | 6.15 | 12.31 | -6.16 |
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
| AE50.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.12 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 1.12 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.55 | -0.07 |
Drawdowns
AE50.DE vs. XESP.DE - Drawdown Comparison
The maximum AE50.DE drawdown since its inception was -32.20%, smaller than the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for AE50.DE and XESP.DE.
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Drawdown Indicators
| AE50.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.20% | -39.02% | +6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -10.17% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -12.93% | -4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -18.59% | +1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -32.20% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -0.54% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -7.37% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.91% | -0.20% |
Volatility
AE50.DE vs. XESP.DE - Volatility Comparison
Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.DE) have volatilities of 4.34% and 4.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE50.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.48% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 14.04% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 16.86% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 16.68% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 18.78% | -3.67% |
AE50.DE vs. XESP.DE - Expense Ratio Comparison
AE50.DE has a 0.15% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
AE50.DE vs. XESP.DE - Dividend Comparison
Neither AE50.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
AE50.DE and XESP.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE50.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE50.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for XESP.DE.
AE50.DE tracks STOXX® Europe 50, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.15% for AE50.DE and 0.30% for XESP.DE.
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