DBXD.DE vs. ESNB.DE
DBXD.DE (Xtrackers DAX UCITS ETF 1C) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - DBXD.DE tracks the DAX® while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, DBXD.DE returned 9.43%/yr vs -1.86%/yr for ESNB.DE. At a correlation of -0.00, they often move in opposite directions. DBXD.DE charges 0.09%/yr vs 1.38%/yr for ESNB.DE.
Performance
DBXD.DE vs. ESNB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXD.DE achieves a 1.61% return, which is significantly higher than ESNB.DE's -7.20% return.
DBXD.DE
- 1D
- -0.47%
- 1M
- 0.43%
- 6M
- -1.52%
- YTD
- 1.61%
- 1Y
- 3.46%
- 3Y*
- 15.26%
- 5Y*
- 9.43%
- 10Y*
- 9.02%
ESNB.DE
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 10Y*
- —
DBXD.DE vs. ESNB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBXD.DE Xtrackers DAX UCITS ETF 1C | 1.61% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -15.29% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -7.20% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
Correlation
The correlation between DBXD.DE and ESNB.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | -0.00 |
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Return for Risk
DBXD.DE vs. ESNB.DE — Risk / Return Rank
DBXD.DE
ESNB.DE
DBXD.DE vs. ESNB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (DBXD.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.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.
| DBXD.DE | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.91 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.49 | +0.77 |
| Martin ratioReturn relative to average drawdown | 0.88 | -1.05 | +1.92 |
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Drawdowns
DBXD.DE vs. ESNB.DE - Drawdown Comparison
The maximum DBXD.DE drawdown since its inception was -54.83%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for DBXD.DE and ESNB.DE.
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Drawdown Indicators
| DBXD.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -22.77% | -32.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -10.40% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -12.60% | -3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -15.85% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | — | — |
Current DrawdownCurrent decline from peak | -3.15% | -13.87% | +10.72% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -8.44% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 4.88% | -0.94% |
Volatility
DBXD.DE vs. ESNB.DE - Volatility Comparison
Xtrackers DAX UCITS ETF 1C (DBXD.DE) has a higher volatility of 4.64% compared to Expat Serbia BELEX15 UCITS ETF (ESNB.DE) at 3.07%. This indicates that DBXD.DE's price experiences larger fluctuations and is considered to be riskier than ESNB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXD.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.07% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 6.22% | +7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 9.76% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 10.53% | +6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 12.11% | +5.99% |
DBXD.DE vs. ESNB.DE - Expense Ratio Comparison
DBXD.DE has a 0.09% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
DBXD.DE vs. ESNB.DE - Dividend Comparison
Neither DBXD.DE nor ESNB.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXD.DE and ESNB.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 1.38% for ESNB.DE.
DBXD.DE tracks DAX®, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: Xtrackers and Expat. Their fees differ too: 0.09% for DBXD.DE and 1.38% for ESNB.DE.
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