ELFC.DE vs. XESP.DE
ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50 while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, ELFC.DE returned 9.47%/yr vs 13.68%/yr for XESP.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ELFC.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFC.DE achieves a 10.99% return, which is significantly lower than XESP.DE's 14.35% return. Over the past 10 years, ELFC.DE has underperformed XESP.DE with an annualized return of 9.47%, while XESP.DE has yielded a comparatively higher 13.68% annualized return.
ELFC.DE
- 1D
- -0.75%
- 1M
- -3.04%
- YTD
- 10.99%
- 6M
- 11.87%
- 1Y
- 18.46%
- 3Y*
- 11.98%
- 5Y*
- 9.84%
- 10Y*
- 9.47%
XESP.DE
- 1D
- -0.45%
- 1M
- 6.12%
- YTD
- 14.35%
- 6M
- 15.38%
- 1Y
- 47.18%
- 3Y*
- 31.64%
- 5Y*
- 20.27%
- 10Y*
- 13.68%
ELFC.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 10.99% | 17.70% | -0.16% | 15.74% | 1.24% | 22.31% | -7.16% | 19.92% | -4.01% | 5.62% |
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 ELFC.DE and XESP.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2015 | 0.78 |
Over the past year, the correlation between ELFC.DE and XESP.DE has dropped to 0.43 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
ELFC.DE vs. XESP.DE — Risk / Return Rank
ELFC.DE
XESP.DE
ELFC.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.
| ELFC.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 4.62 | -1.88 |
| Martin ratioReturn relative to average drawdown | 7.56 | 16.41 | -8.85 |
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Drawdowns
ELFC.DE vs. XESP.DE - Drawdown Comparison
The maximum ELFC.DE drawdown since its inception was -37.68%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for ELFC.DE and XESP.DE.
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Drawdown Indicators
| ELFC.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -40.70% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -10.17% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -12.92% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.82% | -18.56% | +1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | -39.03% | +1.35% |
Current DrawdownCurrent decline from peak | -3.04% | -0.54% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -10.06% | +5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.87% | -0.43% |
Volatility
ELFC.DE vs. XESP.DE - Volatility Comparison
The current volatility for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) is 2.10%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.24%. This indicates that ELFC.DE experiences smaller price fluctuations and is considered to be less risky 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
| ELFC.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 4.24% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 14.45% | -6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 16.90% | -5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 16.73% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 18.43% | -2.62% |
ELFC.DE vs. XESP.DE - Expense Ratio Comparison
Both ELFC.DE and XESP.DE have an expense ratio of 0.30%.
Dividends
ELFC.DE vs. XESP.DE - Dividend Comparison
ELFC.DE's dividend yield for the trailing twelve months is around 3.84%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 3.84% | 4.45% | 4.66% | 4.66% | 4.91% | 3.84% | 2.83% | 3.64% | 4.20% | 3.53% | 3.55% |
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% |
Frequently Asked Questions
ELFC.DE and XESP.DE have a correlation of 0.43, 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.
ELFC.DE and XESP.DE have the same expense ratio: 0.30% per year.
ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Deka and Xtrackers.
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