D5BL.DE vs. XESD.DE
D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - D5BL.DE tracks the MSCI Europe Enhanced Value while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, D5BL.DE returned 12.23%/yr vs 14.01%/yr for XESD.DE. Their correlation of 0.84 suggests significant overlap in exposure. D5BL.DE charges 0.15%/yr vs 0.30%/yr for XESD.DE.
Performance
D5BL.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BL.DE achieves a 16.17% return, which is significantly higher than XESD.DE's 14.69% return. Over the past 10 years, D5BL.DE has underperformed XESD.DE with an annualized return of 12.23%, while XESD.DE has yielded a comparatively higher 14.01% annualized return.
D5BL.DE
- 1D
- 1.22%
- 1M
- 1.52%
- YTD
- 16.17%
- 6M
- 16.96%
- 1Y
- 37.82%
- 3Y*
- 22.81%
- 5Y*
- 15.10%
- 10Y*
- 12.23%
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%
D5BL.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 16.17% | 35.80% | 10.37% | 14.11% | -4.61% | 26.80% | -8.55% | 22.92% | -14.01% | 9.78% |
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 D5BL.DE and XESD.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.84 |
The correlation between D5BL.DE and XESD.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
D5BL.DE vs. XESD.DE — Risk / Return Rank
D5BL.DE
XESD.DE
D5BL.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Value UCITS ETF (D5BL.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.
| D5BL.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.50 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 4.62 | -0.87 |
| Martin ratioReturn relative to average drawdown | 14.42 | 16.31 | -1.90 |
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Drawdowns
D5BL.DE vs. XESD.DE - Drawdown Comparison
The maximum D5BL.DE drawdown since its inception was -40.39%, roughly equal to the maximum XESD.DE drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for D5BL.DE and XESD.DE.
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Drawdown Indicators
| D5BL.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.39% | -38.76% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -10.28% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -12.49% | -4.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.58% | -18.55% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.39% | -38.76% | -1.63% |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -8.46% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.92% | -0.30% |
Volatility
D5BL.DE vs. XESD.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) is 3.63%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.05%. This indicates that D5BL.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
| D5BL.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 4.05% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 14.41% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 17.06% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 16.77% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 18.49% | -1.06% |
D5BL.DE vs. XESD.DE - Expense Ratio Comparison
D5BL.DE has a 0.15% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
D5BL.DE vs. XESD.DE - Dividend Comparison
D5BL.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 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
D5BL.DE and XESD.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for XESD.DE.
D5BL.DE tracks MSCI Europe Enhanced Value, while XESD.DE tracks Solactive Spain 40. Their fees differ too: 0.15% for D5BL.DE and 0.30% for XESD.DE.
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