DXSN.DE vs. XESC.DE
DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both exchange-traded funds - DXSN.DE is a Inverse Equities fund tracking the ShortDAX Index, while XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, DXSN.DE returned -11.19%/yr vs 11.67%/yr for XESC.DE. At a correlation of -0.93, they often move in opposite directions. DXSN.DE charges 0.40%/yr vs 0.09%/yr for XESC.DE.
Performance
DXSN.DE vs. XESC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSN.DE achieves a -4.46% return, which is significantly lower than XESC.DE's 11.96% return. Over the past 10 years, DXSN.DE has underperformed XESC.DE with an annualized return of -11.19%, while XESC.DE has yielded a comparatively higher 11.67% annualized return.
DXSN.DE
- 1D
- -0.77%
- 1M
- -3.54%
- 6M
- -4.36%
- YTD
- -4.46%
- 1Y
- -5.37%
- 3Y*
- -11.18%
- 5Y*
- -8.40%
- 10Y*
- -11.19%
XESC.DE
- 1D
- 0.00%
- 1M
- 5.24%
- 6M
- 10.86%
- YTD
- 11.96%
- 1Y
- 22.20%
- 3Y*
- 16.35%
- 5Y*
- 12.51%
- 10Y*
- 11.67%
DXSN.DE vs. XESC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -4.46% | -17.17% | -10.34% | -12.80% | 7.55% | -16.40% | -14.50% | -22.67% | 17.84% | -13.51% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 11.96% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between DXSN.DE and XESC.DE is -0.90, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2008 | -0.93 |
The correlation between DXSN.DE and XESC.DE has been stable across timeframes, ranging from -0.94 to -0.90 - a consistent structural relationship.
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Return for Risk
DXSN.DE vs. XESC.DE — Risk / Return Rank
DXSN.DE
XESC.DE
DXSN.DE vs. XESC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) and Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.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.
| DXSN.DE | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 2.04 | -2.44 |
| Martin ratioReturn relative to average drawdown | -0.92 | 7.10 | -8.02 |
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Drawdowns
DXSN.DE vs. XESC.DE - Drawdown Comparison
The maximum DXSN.DE drawdown since its inception was -92.04%, which is greater than XESC.DE's maximum drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for DXSN.DE and XESC.DE.
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Drawdown Indicators
| DXSN.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.04% | -46.74% | -45.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -10.88% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -16.53% | -20.47% |
Max Drawdown (5Y)Largest decline over 5 years | -46.93% | -23.33% | -23.60% |
Max Drawdown (10Y)Largest decline over 10 years | -69.91% | -38.51% | -31.40% |
Current DrawdownCurrent decline from peak | -92.04% | 0.00% | -92.04% |
Average DrawdownAverage peak-to-trough decline | -67.57% | -9.05% | -58.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 3.13% | +2.67% |
Volatility
DXSN.DE vs. XESC.DE - Volatility Comparison
Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) has a higher volatility of 4.41% compared to Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) at 3.86%. This indicates that DXSN.DE's price experiences larger fluctuations and is considered to be riskier than XESC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSN.DE | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.86% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 13.34% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 16.07% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 17.58% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 17.93% | +0.17% |
DXSN.DE vs. XESC.DE - Expense Ratio Comparison
DXSN.DE has a 0.40% expense ratio, which is higher than XESC.DE's 0.09% expense ratio.
Dividends
DXSN.DE vs. XESC.DE - Dividend Comparison
Neither DXSN.DE nor XESC.DE has paid dividends to shareholders.
Frequently Asked Questions
DXSN.DE and XESC.DE have a correlation of -0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.40% for DXSN.DE.
DXSN.DE is categorized as Inverse Equities, while XESC.DE is Europe Equities. DXSN.DE tracks ShortDAX Index, while XESC.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.40% for DXSN.DE and 0.09% for XESC.DE.
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