EL43.DE vs. XESD.DE
EL43.DE (Deka MSCI Europe MC UCITS ETF) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EL43.DE tracks the MSCI Europe Mid Cap while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, EL43.DE returned 7.18%/yr vs 18.89%/yr for XESD.DE. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
EL43.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL43.DE achieves a 7.83% return, which is significantly higher than XESD.DE's 7.26% return.
EL43.DE
- 1D
- 0.20%
- 1M
- -0.34%
- YTD
- 7.83%
- 6M
- 10.02%
- 1Y
- 14.97%
- 3Y*
- 14.70%
- 5Y*
- 7.18%
- 10Y*
- 8.48%
XESD.DE
- 1D
- 0.58%
- 1M
- 1.30%
- YTD
- 7.26%
- 6M
- 11.75%
- 1Y
- 34.69%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
EL43.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 7.83% | 23.35% | 7.52% | 14.30% | -19.19% | 21.35% | 4.43% | 31.27% | -13.55% | 4.94% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | -10.12% | 15.71% | -12.40% | -1.58% |
Correlation
The correlation between EL43.DE and XESD.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.70 |
The correlation between EL43.DE and XESD.DE shifts across timeframes, from 0.63 (3 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL43.DE vs. XESD.DE — Risk / Return Rank
EL43.DE
XESD.DE
EL43.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Europe MC UCITS ETF (EL43.DE) and Xtrackers Spanish Equity UCITS ETF (XESD.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.
| EL43.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.46 | -1.62 |
| Martin ratioReturn relative to average drawdown | 6.82 | 12.05 | -5.23 |
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
| EL43.DE | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.10 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 1.12 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.55 | +0.03 |
Drawdowns
EL43.DE vs. XESD.DE - Drawdown Comparison
The maximum EL43.DE drawdown since its inception was -37.81%, roughly equal to the maximum XESD.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for EL43.DE and XESD.DE.
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Drawdown Indicators
| EL43.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.81% | -38.77% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -10.27% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -12.49% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -18.59% | -10.78% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -0.56% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -7.38% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.96% | -0.69% |
Volatility
EL43.DE vs. XESD.DE - Volatility Comparison
The current volatility for Deka MSCI Europe MC UCITS ETF (EL43.DE) is 3.39%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.46%. This indicates that EL43.DE experiences smaller price fluctuations and is considered to be less risky than XESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL43.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 4.46% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 14.06% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 16.93% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 16.73% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 18.81% | -1.22% |
EL43.DE vs. XESD.DE - Expense Ratio Comparison
Both EL43.DE and XESD.DE have an expense ratio of 0.30%.
Dividends
EL43.DE vs. XESD.DE - Dividend Comparison
EL43.DE's dividend yield for the trailing twelve months is around 2.19%, less than XESD.DE's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL43.DE Deka MSCI Europe MC UCITS ETF | 2.19% | 2.69% | 4.09% | 2.52% | 2.53% | 1.64% | 1.79% | 2.18% | 2.56% | 1.60% | 2.76% | 2.05% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.50% | 2.43% | 3.14% | 2.57% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL43.DE and XESD.DE have a correlation of 0.74, 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.
EL43.DE and XESD.DE have the same expense ratio: 0.30% per year.
EL43.DE tracks MSCI Europe Mid Cap, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Deka and Xtrackers.
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