ELF0.DE vs. XESD.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.06%/yr vs 12.68%/yr for XESD.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ELF0.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF0.DE achieves a 3.94% return, which is significantly lower than XESD.DE's 14.62% return. Over the past 10 years, ELF0.DE has underperformed XESD.DE with an annualized return of 7.06%, while XESD.DE has yielded a comparatively higher 12.68% annualized return.
ELF0.DE
- 1D
- -0.59%
- 1M
- -2.04%
- 6M
- -1.24%
- YTD
- 3.94%
- 1Y
- 4.68%
- 3Y*
- 12.06%
- 5Y*
- 6.07%
- 10Y*
- 7.06%
XESD.DE
- 1D
- -0.46%
- 1M
- 2.74%
- 6M
- 11.50%
- YTD
- 14.62%
- 1Y
- 45.76%
- 3Y*
- 30.97%
- 5Y*
- 21.73%
- 10Y*
- 12.68%
ELF0.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 3.94% | 22.31% | 11.89% | 15.27% | -18.05% | 14.04% | 5.09% | 23.61% | -20.30% | 11.11% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.62% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
Correlation
The correlation between ELF0.DE and XESD.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.72 |
The correlation between ELF0.DE and XESD.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
ELF0.DE vs. XESD.DE — Risk / Return Rank
ELF0.DE
XESD.DE
ELF0.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka DAX ex Financials 30 UCITS ETF (ELF0.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.
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.
| ELF0.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.48 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 4.43 | -4.05 |
| Martin ratioReturn relative to average drawdown | 1.17 | 15.65 | -14.48 |
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Drawdowns
ELF0.DE vs. XESD.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -41.12%, which is greater than XESD.DE's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and XESD.DE.
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Drawdown Indicators
| ELF0.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -38.76% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -10.28% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -12.49% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -18.55% | -12.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -38.76% | -2.36% |
Current DrawdownCurrent decline from peak | -4.50% | -2.33% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -8.43% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.92% | +1.09% |
Volatility
ELF0.DE vs. XESD.DE - Volatility Comparison
Deka DAX ex Financials 30 UCITS ETF (ELF0.DE) has a higher volatility of 5.43% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 4.28%. This indicates that ELF0.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.
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Volatility by Period
| ELF0.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 4.28% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 14.77% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 17.15% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 16.74% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 18.42% | +0.20% |
ELF0.DE vs. XESD.DE - Expense Ratio Comparison
Both ELF0.DE and XESD.DE have an expense ratio of 0.30%.
Dividends
ELF0.DE vs. XESD.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 2.02%, less than XESD.DE's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 2.02% | 2.10% | 2.35% | 3.01% | 2.78% | 1.58% | 1.74% | 2.22% | 2.59% | 2.24% | 1.99% | 2.18% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.34% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
ELF0.DE and XESD.DE have a correlation of 0.66, 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.
ELF0.DE and XESD.DE have the same expense ratio: 0.30% per year.
ELF0.DE tracks DAX® ex Financials 30, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Deka and Xtrackers.
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