ESNB.DE vs. DBXD.DE
ESNB.DE (Expat Serbia BELEX15 UCITS ETF) and DBXD.DE (Xtrackers DAX UCITS ETF 1C) are both Europe Equities funds - ESNB.DE tracks the BELEX15 Index while DBXD.DE tracks the DAX®. Both are passively managed. Over the past 5 years, ESNB.DE returned -1.81%/yr vs 9.27%/yr for DBXD.DE. At a correlation of -0.00, they often move in opposite directions. ESNB.DE charges 1.38%/yr vs 0.09%/yr for DBXD.DE.
Performance
ESNB.DE vs. DBXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESNB.DE achieves a -6.99% return, which is significantly lower than DBXD.DE's 0.89% return.
ESNB.DE
- 1D
- 0.23%
- 1M
- -0.56%
- 6M
- -5.83%
- YTD
- -6.99%
- 1Y
- -5.51%
- 3Y*
- -1.61%
- 5Y*
- -1.81%
- 10Y*
- —
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.45%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.42%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
ESNB.DE vs. DBXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -6.99% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -15.29% |
Correlation
The correlation between ESNB.DE and DBXD.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | -0.00 |
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Return for Risk
ESNB.DE vs. DBXD.DE — Risk / Return Rank
ESNB.DE
DBXD.DE
ESNB.DE vs. DBXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) and Xtrackers DAX UCITS ETF 1C (DBXD.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.
| ESNB.DE | DBXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.03 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 0.12 | -0.64 |
| Martin ratioReturn relative to average drawdown | -1.12 | 0.36 | -1.48 |
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Drawdowns
ESNB.DE vs. DBXD.DE - Drawdown Comparison
The maximum ESNB.DE drawdown since its inception was -22.77%, smaller than the maximum DBXD.DE drawdown of -54.83%. Use the drawdown chart below to compare losses from any high point for ESNB.DE and DBXD.DE.
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Drawdown Indicators
| ESNB.DE | DBXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -54.83% | +32.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -12.32% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -15.92% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -26.70% | +10.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.83% | — |
Current DrawdownCurrent decline from peak | -13.67% | -3.84% | -9.83% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -11.27% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 3.95% | +0.96% |
Volatility
ESNB.DE vs. DBXD.DE - Volatility Comparison
The current volatility for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) is 3.05%, while Xtrackers DAX UCITS ETF 1C (DBXD.DE) has a volatility of 4.65%. This indicates that ESNB.DE experiences smaller price fluctuations and is considered to be less risky than DBXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESNB.DE | DBXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.65% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 13.55% | -7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 16.28% | -6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.52% | 17.19% | -6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 18.09% | -5.98% |
ESNB.DE vs. DBXD.DE - Expense Ratio Comparison
ESNB.DE has a 1.38% expense ratio, which is higher than DBXD.DE's 0.09% expense ratio.
Dividends
ESNB.DE vs. DBXD.DE - Dividend Comparison
Neither ESNB.DE nor DBXD.DE has paid dividends to shareholders.
Frequently Asked Questions
ESNB.DE and DBXD.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 1.38% for ESNB.DE.
ESNB.DE tracks BELEX15 Index, while DBXD.DE tracks DAX®. They also come from different issuers: Expat and Xtrackers. Their fees differ too: 1.38% for ESNB.DE and 0.09% for DBXD.DE.
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