D5BL.DE vs. XESP.DE
D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - D5BL.DE tracks the MSCI Europe Enhanced Value while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, D5BL.DE returned 12.23%/yr vs 14.03%/yr for XESP.DE. Their correlation of 0.84 suggests significant overlap in exposure. D5BL.DE charges 0.15%/yr vs 0.30%/yr for XESP.DE.
Performance
D5BL.DE vs. XESP.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 XESP.DE's 14.86% return. Over the past 10 years, D5BL.DE has underperformed XESP.DE with an annualized return of 12.23%, while XESP.DE has yielded a comparatively higher 14.03% 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%
XESP.DE
- 1D
- 0.87%
- 1M
- 6.89%
- YTD
- 14.86%
- 6M
- 15.90%
- 1Y
- 48.43%
- 3Y*
- 32.37%
- 5Y*
- 20.37%
- 10Y*
- 14.03%
D5BL.DE vs. XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.86% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between D5BL.DE and XESP.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.84 |
The correlation between D5BL.DE and XESP.DE has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
D5BL.DE vs. XESP.DE — Risk / Return Rank
D5BL.DE
XESP.DE
D5BL.DE vs. XESP.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 (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.
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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.51 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 4.74 | -0.98 |
| Martin ratioReturn relative to average drawdown | 14.42 | 16.84 | -2.43 |
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Drawdowns
D5BL.DE vs. XESP.DE - Drawdown Comparison
The maximum D5BL.DE drawdown since its inception was -40.39%, roughly equal to the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for D5BL.DE and XESP.DE.
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Drawdown Indicators
| D5BL.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.39% | -40.70% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -10.17% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -12.92% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.58% | -18.56% | -1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.39% | -39.03% | -1.36% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -10.06% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.87% | -0.25% |
Volatility
D5BL.DE vs. XESP.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) is 3.63%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.20%. This indicates that D5BL.DE experiences smaller price fluctuations and is considered to be less risky than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 4.20% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 14.44% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 17.00% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 16.73% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 18.44% | -1.01% |
D5BL.DE vs. XESP.DE - Expense Ratio Comparison
D5BL.DE has a 0.15% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
D5BL.DE vs. XESP.DE - Dividend Comparison
Neither D5BL.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
D5BL.DE and XESP.DE have a correlation of 0.77, 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 XESP.DE.
D5BL.DE tracks MSCI Europe Enhanced Value, while XESP.DE tracks Solactive Spain 40. Their fees differ too: 0.15% for D5BL.DE and 0.30% for XESP.DE.
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