DBXI.DE vs. XESP.DE
DBXI.DE (Xtrackers FTSE MIB UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - DBXI.DE tracks the FTSE MIB while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, DBXI.DE returned 19.73%/yr vs 18.91%/yr for XESP.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
DBXI.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXI.DE achieves a 14.49% return, which is significantly higher than XESP.DE's 7.33% return.
DBXI.DE
- 1D
- 0.21%
- 1M
- 2.55%
- YTD
- 14.49%
- 6M
- 18.42%
- 1Y
- 29.63%
- 3Y*
- 28.95%
- 5Y*
- 19.73%
- 10Y*
- 14.91%
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
DBXI.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 14.49% | 37.50% | 18.27% | 33.40% | -9.08% | 26.51% | -4.28% | 33.02% | -14.48% | 4.85% |
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 DBXI.DE and XESP.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.78 |
The correlation between DBXI.DE and XESP.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
DBXI.DE vs. XESP.DE — Risk / Return Rank
DBXI.DE
XESP.DE
DBXI.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE MIB UCITS ETF (DBXI.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.
| DBXI.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.51 | -0.34 |
| Martin ratioReturn relative to average drawdown | 11.42 | 12.31 | -0.89 |
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
| DBXI.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.12 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.12 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.55 | -0.36 |
Drawdowns
DBXI.DE vs. XESP.DE - Drawdown Comparison
The maximum DBXI.DE drawdown since its inception was -69.49%, which is greater than XESP.DE's maximum drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for DBXI.DE and XESP.DE.
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Drawdown Indicators
| DBXI.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -39.02% | -30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -10.17% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -12.93% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -18.59% | -6.51% |
Max Drawdown (10Y)Largest decline over 10 years | -40.46% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.54% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -29.56% | -7.37% | -22.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.91% | -0.24% |
Volatility
DBXI.DE vs. XESP.DE - Volatility Comparison
Xtrackers FTSE MIB UCITS ETF (DBXI.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.DE) have volatilities of 4.63% 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
| DBXI.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.48% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 14.04% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 16.86% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 16.68% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 18.78% | +1.59% |
DBXI.DE vs. XESP.DE - Expense Ratio Comparison
Both DBXI.DE and XESP.DE have an expense ratio of 0.30%.
Dividends
DBXI.DE vs. XESP.DE - Dividend Comparison
DBXI.DE's dividend yield for the trailing twelve months is around 3.63%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 3.63% | 3.93% | 4.53% | 3.78% | 7.45% | 0.94% | 4.23% | 3.33% | 2.66% | 1.94% | 2.51% | 0.15% |
XESP.DE Xtrackers Spanish Equity 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% |
Frequently Asked Questions
DBXI.DE and XESP.DE have a correlation of 0.83, 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.
DBXI.DE and XESP.DE have the same expense ratio: 0.30% per year.
DBXI.DE tracks FTSE MIB, while XESP.DE tracks Solactive Spain 40.
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