DX2X.DE vs. XESP.DE
DX2X.DE (Xtrackers Stoxx Europe 600 UCITS ETF (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - DX2X.DE tracks the STOXX Europe 600 Index while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, DX2X.DE returned 10.22%/yr vs 13.60%/yr for XESP.DE. A 0.79 correlation means they provide meaningful diversification when combined. DX2X.DE charges 0.25%/yr vs 0.30%/yr for XESP.DE.
Performance
DX2X.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2X.DE achieves a 12.30% return, which is significantly lower than XESP.DE's 17.40% return. Over the past 10 years, DX2X.DE has underperformed XESP.DE with an annualized return of 10.22%, while XESP.DE has yielded a comparatively higher 13.60% annualized return.
DX2X.DE
- 1D
- 0.80%
- 1M
- 5.43%
- 6M
- 11.55%
- YTD
- 12.30%
- 1Y
- 23.23%
- 3Y*
- 15.47%
- 5Y*
- 10.46%
- 10Y*
- 10.22%
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%
DX2X.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DX2X.DE Xtrackers Stoxx Europe 600 UCITS ETF (Acc) | 12.30% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
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 DX2X.DE and XESP.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.79 |
The correlation between DX2X.DE and XESP.DE has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
DX2X.DE vs. XESP.DE — Risk / Return Rank
DX2X.DE
XESP.DE
DX2X.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.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.
| DX2X.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 4.58 | -2.22 |
| Martin ratioReturn relative to average drawdown | 9.49 | 16.27 | -6.79 |
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Drawdowns
DX2X.DE vs. XESP.DE - Drawdown Comparison
The maximum DX2X.DE drawdown since its inception was -36.05%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for DX2X.DE and XESP.DE.
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Drawdown Indicators
| DX2X.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -40.70% | +4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -10.17% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -12.92% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -18.56% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -39.03% | +2.98% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -10.04% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.87% | -0.43% |
Volatility
DX2X.DE vs. XESP.DE - Volatility Comparison
Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.DE) have volatilities of 4.18% 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
| DX2X.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 4.15% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 14.49% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 16.94% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 16.71% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 18.38% | -3.12% |
DX2X.DE vs. XESP.DE - Expense Ratio Comparison
DX2X.DE has a 0.25% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
DX2X.DE vs. XESP.DE - Dividend Comparison
Neither DX2X.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2X.DE and XESP.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DX2X.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DX2X.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESP.DE.
DX2X.DE tracks STOXX Europe 600 Index, while XESP.DE tracks Solactive Spain 40. Their fees differ too: 0.25% for DX2X.DE and 0.30% for XESP.DE.
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