DEAM.DE vs. XESP.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - DEAM.DE tracks the MDAX® while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 18.91%/yr for XESP.DE. A 0.70 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.30%/yr for XESP.DE.
Performance
DEAM.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than XESP.DE's 7.33% return.
DEAM.DE
- 1D
- 0.22%
- 1M
- 3.05%
- YTD
- 6.73%
- 6M
- 10.12%
- 1Y
- 4.93%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 10Y*
- —
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
DEAM.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -6.03% | 7.33% | -28.80% | 13.67% | 8.05% | 15.51% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 7.03% |
Correlation
The correlation between DEAM.DE and XESP.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.70 |
The correlation between DEAM.DE and XESP.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
DEAM.DE vs. XESP.DE — Risk / Return Rank
DEAM.DE
XESP.DE
DEAM.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.38 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.51 | -3.15 |
| Martin ratioReturn relative to average drawdown | 0.98 | 12.31 | -11.32 |
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
| DEAM.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.12 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 1.12 | -1.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.55 | -0.37 |
Drawdowns
DEAM.DE vs. XESP.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, roughly equal to the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and XESP.DE.
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Drawdown Indicators
| DEAM.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -39.02% | -1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -10.17% | -4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -12.93% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -18.59% | -21.45% |
Current DrawdownCurrent decline from peak | -11.42% | -0.54% | -10.88% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -7.37% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 2.91% | +2.35% |
Volatility
DEAM.DE vs. XESP.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 5.08% compared to Xtrackers Spanish Equity UCITS ETF (XESP.DE) at 4.48%. This indicates that DEAM.DE's price experiences larger fluctuations and is considered to be riskier 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
| DEAM.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.48% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 14.04% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 16.86% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 16.68% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 18.78% | +0.83% |
DEAM.DE vs. XESP.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
DEAM.DE vs. XESP.DE - Dividend Comparison
Neither DEAM.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and XESP.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for XESP.DE.
DEAM.DE tracks MDAX®, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for DEAM.DE and 0.30% for XESP.DE.
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