EDM4.DE vs. XESP.DE
EDM4.DE (iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EDM4.DE tracks the MSCI EMU ESG Enhanced Focus while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, EDM4.DE returned 9.91%/yr vs 18.91%/yr for XESP.DE. A 0.76 correlation means they provide meaningful diversification when combined. EDM4.DE charges 0.12%/yr vs 0.30%/yr for XESP.DE.
Performance
EDM4.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDM4.DE achieves a 8.82% return, which is significantly higher than XESP.DE's 7.33% return.
EDM4.DE
- 1D
- 0.51%
- 1M
- 2.53%
- YTD
- 8.82%
- 6M
- 10.65%
- 1Y
- 17.25%
- 3Y*
- 15.37%
- 5Y*
- 9.91%
- 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*
- —
EDM4.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDM4.DE iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc | 8.82% | 22.13% | 9.89% | 18.31% | -12.80% | 22.20% | 1.30% | 8.96% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 2.30% |
Correlation
The correlation between EDM4.DE and XESP.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.76 |
The correlation between EDM4.DE and XESP.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
EDM4.DE vs. XESP.DE — Risk / Return Rank
EDM4.DE
XESP.DE
EDM4.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.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.
| EDM4.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.51 | -1.90 |
| Martin ratioReturn relative to average drawdown | 5.81 | 12.31 | -6.50 |
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
| EDM4.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.12 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.12 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.55 | +0.02 |
Drawdowns
EDM4.DE vs. XESP.DE - Drawdown Comparison
The maximum EDM4.DE drawdown since its inception was -35.27%, smaller than the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for EDM4.DE and XESP.DE.
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Drawdown Indicators
| EDM4.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -39.02% | +3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.17% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -12.93% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -18.59% | -6.65% |
Current DrawdownCurrent decline from peak | -0.39% | -0.54% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -7.37% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.91% | +0.09% |
Volatility
EDM4.DE vs. XESP.DE - Volatility Comparison
iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.DE) has a higher volatility of 4.75% compared to Xtrackers Spanish Equity UCITS ETF (XESP.DE) at 4.48%. This indicates that EDM4.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
| EDM4.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 4.48% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 14.04% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 16.86% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.68% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 18.78% | -0.71% |
EDM4.DE vs. XESP.DE - Expense Ratio Comparison
EDM4.DE has a 0.12% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
EDM4.DE vs. XESP.DE - Dividend Comparison
Neither EDM4.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
EDM4.DE and XESP.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM4.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for XESP.DE.
EDM4.DE tracks MSCI EMU ESG Enhanced Focus, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for EDM4.DE and 0.30% for XESP.DE.
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