ELF0.DE vs. XESP.DE
ELF0.DE (Deka DAX ex Financials 30 UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - ELF0.DE tracks the DAX® ex Financials 30 while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, ELF0.DE returned 7.04%/yr vs 12.71%/yr for XESP.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ELF0.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELF0.DE achieves a 2.98% return, which is significantly lower than XESP.DE's 14.35% return. Over the past 10 years, ELF0.DE has underperformed XESP.DE with an annualized return of 7.04%, while XESP.DE has yielded a comparatively higher 12.71% annualized return.
ELF0.DE
- 1D
- -0.28%
- 1M
- -2.49%
- 6M
- -2.29%
- YTD
- 2.98%
- 1Y
- 3.50%
- 3Y*
- 11.77%
- 5Y*
- 5.87%
- 10Y*
- 7.04%
XESP.DE
- 1D
- -0.40%
- 1M
- 0.13%
- 6M
- 11.00%
- YTD
- 14.35%
- 1Y
- 44.26%
- 3Y*
- 30.80%
- 5Y*
- 21.68%
- 10Y*
- 12.71%
ELF0.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 2.98% | 22.31% | 11.89% | 15.27% | -18.05% | 14.04% | 5.09% | 23.61% | -20.30% | 11.11% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.35% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between ELF0.DE and XESP.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2013 | 0.72 |
The correlation between ELF0.DE and XESP.DE has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
ELF0.DE vs. XESP.DE — Risk / Return Rank
ELF0.DE
XESP.DE
ELF0.DE vs. XESP.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 (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.
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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.46 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 4.33 | -4.05 |
| Martin ratioReturn relative to average drawdown | 0.87 | 15.35 | -14.48 |
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Drawdowns
ELF0.DE vs. XESP.DE - Drawdown Comparison
The maximum ELF0.DE drawdown since its inception was -41.12%, roughly equal to the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for ELF0.DE and XESP.DE.
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Drawdown Indicators
| ELF0.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -40.70% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -10.17% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -12.92% | -4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -18.56% | -12.61% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -39.03% | -2.09% |
Current DrawdownCurrent decline from peak | -5.39% | -2.60% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -10.02% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.88% | +1.16% |
Volatility
ELF0.DE vs. XESP.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 (XESP.DE) at 4.27%. This indicates that ELF0.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
| ELF0.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 4.27% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 14.84% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.55% | 17.07% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 16.70% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 18.35% | +0.27% |
ELF0.DE vs. XESP.DE - Expense Ratio Comparison
Both ELF0.DE and XESP.DE have an expense ratio of 0.30%.
Dividends
ELF0.DE vs. XESP.DE - Dividend Comparison
ELF0.DE's dividend yield for the trailing twelve months is around 2.04%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELF0.DE Deka DAX ex Financials 30 UCITS ETF | 2.04% | 2.10% | 2.35% | 3.01% | 2.78% | 1.58% | 1.74% | 2.22% | 2.59% | 2.24% | 1.99% | 2.18% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELF0.DE and XESP.DE have a correlation of 0.68, 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 XESP.DE have the same expense ratio: 0.30% per year.
ELF0.DE tracks DAX® ex Financials 30, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Deka and Xtrackers.
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