EL4A.DE vs. XESD.DE
EL4A.DE (Deka DAX UCITS ETF) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EL4A.DE tracks the DAX® while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, EL4A.DE returned 9.09%/yr vs 18.89%/yr for XESD.DE. A 0.77 correlation means they provide meaningful diversification when combined. EL4A.DE charges 0.15%/yr vs 0.30%/yr for XESD.DE.
Performance
EL4A.DE vs. XESD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EL4A.DE achieves a 1.28% return, which is significantly lower than XESD.DE's 7.26% return.
EL4A.DE
- 1D
- 0.51%
- 1M
- -0.07%
- YTD
- 1.28%
- 6M
- 3.34%
- 1Y
- 2.01%
- 3Y*
- 15.42%
- 5Y*
- 9.09%
- 10Y*
- 8.89%
XESD.DE
- 1D
- 0.58%
- 1M
- 1.30%
- YTD
- 7.26%
- 6M
- 11.75%
- 1Y
- 34.69%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
EL4A.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 1.28% | 22.57% | 18.09% | 19.52% | -12.77% | 15.21% | 3.01% | 24.61% | -18.58% | 4.23% |
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 EL4A.DE and XESD.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.77 |
The correlation between EL4A.DE and XESD.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EL4A.DE vs. XESD.DE — Risk / Return Rank
EL4A.DE
XESD.DE
EL4A.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX UCITS ETF (EL4A.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.
| EL4A.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 3.46 | -3.28 |
| Martin ratioReturn relative to average drawdown | 0.56 | 12.05 | -11.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EL4A.DE | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 2.10 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.12 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.55 | -0.18 |
Drawdowns
EL4A.DE vs. XESD.DE - Drawdown Comparison
The maximum EL4A.DE drawdown since its inception was -46.64%, which is greater than XESD.DE's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for EL4A.DE and XESD.DE.
Loading charts...
Drawdown Indicators
| EL4A.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.64% | -38.77% | -7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -10.27% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -12.49% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.76% | -18.59% | -8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -0.56% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -7.38% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.96% | +1.02% |
Volatility
EL4A.DE vs. XESD.DE - Volatility Comparison
Deka DAX UCITS ETF (EL4A.DE) has a higher volatility of 5.14% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 4.46%. This indicates that EL4A.DE's price experiences larger fluctuations and is considered to be riskier than XESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EL4A.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.46% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 14.06% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 16.93% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 16.73% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 18.81% | -0.45% |
EL4A.DE vs. XESD.DE - Expense Ratio Comparison
EL4A.DE has a 0.15% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
EL4A.DE vs. XESD.DE - Dividend Comparison
EL4A.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
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
EL4A.DE and XESD.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for XESD.DE.
EL4A.DE tracks DAX®, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Deka and Xtrackers. Their fees differ too: 0.15% for EL4A.DE and 0.30% for XESD.DE.
Find the right allocation for EL4A.DE and XESD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer