ESIF.DE vs. XESP.DE
ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both exchange-traded funds - ESIF.DE is a Financials Equities fund tracking the MSCI World/Financials NR USD, while XESP.DE is a Europe Equities fund tracking the Solactive Spain 40. Both are passively managed. Over the past 5 years, ESIF.DE returned 19.48%/yr vs 18.91%/yr for XESP.DE. Their correlation of 0.83 suggests significant overlap in exposure. ESIF.DE charges 0.18%/yr vs 0.30%/yr for XESP.DE.
Performance
ESIF.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIF.DE achieves a 3.87% return, which is significantly lower than XESP.DE's 7.33% return.
ESIF.DE
- 1D
- 0.61%
- 1M
- 3.50%
- YTD
- 3.87%
- 6M
- 10.14%
- 1Y
- 22.51%
- 3Y*
- 28.94%
- 5Y*
- 19.48%
- 10Y*
- —
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
ESIF.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 3.87% | 47.69% | 25.31% | 21.61% | -2.88% | 29.09% | 3.24% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | 3.79% |
Correlation
The correlation between ESIF.DE and XESP.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.83 |
The correlation between ESIF.DE and XESP.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
ESIF.DE vs. XESP.DE — Risk / Return Rank
ESIF.DE
XESP.DE
ESIF.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.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.
| ESIF.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.51 | -1.70 |
| Martin ratioReturn relative to average drawdown | 6.04 | 12.31 | -6.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESIF.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.12 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.12 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.55 | +0.61 |
Drawdowns
ESIF.DE vs. XESP.DE - Drawdown Comparison
The maximum ESIF.DE drawdown since its inception was -22.93%, smaller than the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for ESIF.DE and XESP.DE.
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Drawdown Indicators
| ESIF.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -39.02% | +16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -10.17% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.10% | -12.93% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -18.59% | -4.34% |
Current DrawdownCurrent decline from peak | -2.65% | -0.54% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -7.37% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.91% | +0.81% |
Volatility
ESIF.DE vs. XESP.DE - Volatility Comparison
iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) has a higher volatility of 5.37% compared to Xtrackers Spanish Equity UCITS ETF (XESP.DE) at 4.48%. This indicates that ESIF.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
| ESIF.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.48% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 14.04% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 16.86% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 16.68% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 18.78% | +0.06% |
ESIF.DE vs. XESP.DE - Expense Ratio Comparison
ESIF.DE has a 0.18% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
ESIF.DE vs. XESP.DE - Dividend Comparison
Neither ESIF.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIF.DE and XESP.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for XESP.DE.
ESIF.DE is categorized as Financials Equities, while XESP.DE is Europe Equities. ESIF.DE tracks MSCI World/Financials NR USD, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.18% for ESIF.DE and 0.30% for XESP.DE.
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