ELFB.DE vs. XESD.DE
ELFB.DE (Deka Oekom Euro Nachhaltigkeit UCITS ETF) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - ELFB.DE tracks the Solactive Eurozone Sustainability while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, ELFB.DE returned 16.33%/yr vs 18.89%/yr for XESD.DE. Their correlation of 0.80 suggests significant overlap in exposure. ELFB.DE charges 0.40%/yr vs 0.30%/yr for XESD.DE.
Performance
ELFB.DE vs. XESD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELFB.DE achieves a 9.36% return, which is significantly higher than XESD.DE's 7.26% return.
ELFB.DE
- 1D
- 0.83%
- 1M
- 4.04%
- YTD
- 9.36%
- 6M
- 11.83%
- 1Y
- 23.25%
- 3Y*
- 25.21%
- 5Y*
- 16.33%
- 10Y*
- 12.75%
XESD.DE
- 1D
- 0.58%
- 1M
- 1.30%
- YTD
- 7.26%
- 6M
- 11.75%
- 1Y
- 34.69%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
ELFB.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 9.36% | 34.04% | 20.63% | 31.85% | -15.46% | 31.62% | -2.71% | 29.39% | -17.15% | 1.96% |
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 ELFB.DE and XESD.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.80 |
The correlation between ELFB.DE and XESD.DE has been stable across timeframes, ranging from 0.77 to 0.86 - 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
ELFB.DE vs. XESD.DE — Risk / Return Rank
ELFB.DE
XESD.DE
ELFB.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.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.
| ELFB.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.46 | -1.53 |
| Martin ratioReturn relative to average drawdown | 6.88 | 12.05 | -5.17 |
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
| ELFB.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 | 0.82 | 1.12 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.55 | +0.01 |
Drawdowns
ELFB.DE vs. XESD.DE - Drawdown Comparison
The maximum ELFB.DE drawdown since its inception was -42.72%, 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 ELFB.DE and XESD.DE.
Loading charts...
Drawdown Indicators
| ELFB.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -38.77% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -10.27% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -12.49% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -29.56% | -18.59% | -10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.56% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -7.38% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.96% | +0.57% |
Volatility
ELFB.DE vs. XESD.DE - Volatility Comparison
Deka Oekom Euro Nachhaltigkeit UCITS ETF (ELFB.DE) has a higher volatility of 5.34% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 4.46%. This indicates that ELFB.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
| ELFB.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.46% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 14.06% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 16.93% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 16.73% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 18.81% | +2.18% |
ELFB.DE vs. XESD.DE - Expense Ratio Comparison
ELFB.DE has a 0.40% expense ratio, which is higher than XESD.DE's 0.30% expense ratio.
Dividends
ELFB.DE vs. XESD.DE - Dividend Comparison
ELFB.DE's dividend yield for the trailing twelve months is around 2.02%, less than XESD.DE's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ELFB.DE Deka Oekom Euro Nachhaltigkeit UCITS ETF | 2.02% | 2.18% | 2.63% | 2.73% | 3.03% | 1.78% | 1.12% | 3.22% | 3.60% | 2.56% | 2.77% |
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% |
Frequently Asked Questions
ELFB.DE and XESD.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESD.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ELFB.DE.
ELFB.DE tracks Solactive Eurozone Sustainability, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Deka and Xtrackers. Their fees differ too: 0.40% for ELFB.DE and 0.30% for XESD.DE.
Find the right allocation for ELFB.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