DBXS.DE vs. XESP.DE
DBXS.DE (Xtrackers Switzerland UCITS ETF (Dist)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - DBXS.DE tracks the Solactive Swiss Large Cap Index while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, DBXS.DE returned 9.86%/yr vs 13.60%/yr for XESP.DE. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
DBXS.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXS.DE achieves a 11.71% return, which is significantly lower than XESP.DE's 17.40% return. Over the past 10 years, DBXS.DE has underperformed XESP.DE with an annualized return of 9.86%, while XESP.DE has yielded a comparatively higher 13.60% annualized return.
DBXS.DE
- 1D
- 0.45%
- 1M
- 9.25%
- 6M
- 11.50%
- YTD
- 11.71%
- 1Y
- 24.84%
- 3Y*
- 12.39%
- 5Y*
- 8.88%
- 10Y*
- 9.86%
XESP.DE
- 1D
- 1.01%
- 1M
- 10.02%
- 6M
- 16.19%
- YTD
- 17.40%
- 1Y
- 46.79%
- 3Y*
- 31.60%
- 5Y*
- 21.32%
- 10Y*
- 13.60%
DBXS.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 11.71% | 19.12% | 3.77% | 10.63% | -11.87% | 28.73% | 1.61% | 35.45% | -4.24% | 7.02% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 17.40% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between DBXS.DE and XESP.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.45 |
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Return for Risk
DBXS.DE vs. XESP.DE — Risk / Return Rank
DBXS.DE
XESP.DE
DBXS.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Switzerland UCITS ETF (Dist) (DBXS.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.
| DBXS.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 4.58 | -2.53 |
| Martin ratioReturn relative to average drawdown | 7.07 | 16.27 | -9.21 |
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Drawdowns
DBXS.DE vs. XESP.DE - Drawdown Comparison
The maximum DBXS.DE drawdown since its inception was -48.29%, which is greater than XESP.DE's maximum drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for DBXS.DE and XESP.DE.
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Drawdown Indicators
| DBXS.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.29% | -40.70% | -7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -10.17% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -12.92% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -18.56% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -25.14% | -39.03% | +13.89% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -10.04% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.87% | +0.64% |
Volatility
DBXS.DE vs. XESP.DE - Volatility Comparison
Xtrackers Switzerland UCITS ETF (Dist) (DBXS.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.DE) have volatilities of 3.96% and 4.15%, 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
| DBXS.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.15% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 14.49% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 16.94% | -3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 16.71% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 18.38% | -4.39% |
DBXS.DE vs. XESP.DE - Expense Ratio Comparison
Both DBXS.DE and XESP.DE have an expense ratio of 0.30%.
Dividends
DBXS.DE vs. XESP.DE - Dividend Comparison
DBXS.DE's dividend yield for the trailing twelve months is around 1.36%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 1.36% | 1.52% | 1.63% | 1.76% | 3.25% | 1.20% | 1.59% | 1.21% | 2.35% | 1.32% | 1.06% | 1.25% |
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
DBXS.DE and XESP.DE have a correlation of 0.41, 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.
DBXS.DE and XESP.DE have the same expense ratio: 0.30% per year.
DBXS.DE tracks Solactive Swiss Large Cap Index, while XESP.DE tracks Solactive Spain 40.
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