ESNB.DE vs. DBXS.DE
ESNB.DE (Expat Serbia BELEX15 UCITS ETF) and DBXS.DE (Xtrackers Switzerland UCITS ETF (Dist)) are both Europe Equities funds - ESNB.DE tracks the BELEX15 Index while DBXS.DE tracks the Solactive Swiss Large Cap Index. Both are passively managed. Over the past 5 years, ESNB.DE returned -1.81%/yr vs 8.44%/yr for DBXS.DE. At a 0.01 correlation, their price movements are largely independent. ESNB.DE charges 1.38%/yr vs 0.30%/yr for DBXS.DE.
Performance
ESNB.DE vs. DBXS.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 DBXS.DE's 10.18% 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*
- —
DBXS.DE
- 1D
- 0.65%
- 1M
- 3.73%
- 6M
- 9.03%
- YTD
- 10.18%
- 1Y
- 23.16%
- 3Y*
- 11.78%
- 5Y*
- 8.44%
- 10Y*
- 9.47%
ESNB.DE vs. DBXS.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% |
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 10.18% | 19.12% | 3.77% | 10.63% | -11.87% | 28.73% | 1.61% | 35.45% | 3.32% |
Correlation
The correlation between ESNB.DE and DBXS.DE is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.01 |
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Return for Risk
ESNB.DE vs. DBXS.DE — Risk / Return Rank
ESNB.DE
DBXS.DE
ESNB.DE vs. DBXS.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 Switzerland UCITS ETF (Dist) (DBXS.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 | DBXS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.30 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.91 | -2.44 |
| Martin ratioReturn relative to average drawdown | -1.12 | 6.57 | -7.69 |
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Drawdowns
ESNB.DE vs. DBXS.DE - Drawdown Comparison
The maximum ESNB.DE drawdown since its inception was -22.77%, smaller than the maximum DBXS.DE drawdown of -48.29%. Use the drawdown chart below to compare losses from any high point for ESNB.DE and DBXS.DE.
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Drawdown Indicators
| ESNB.DE | DBXS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.77% | -48.29% | +25.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -12.05% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -14.48% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -17.19% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.14% | — |
Current DrawdownCurrent decline from peak | -13.67% | -1.37% | -12.30% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -8.72% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 3.51% | +1.40% |
Volatility
ESNB.DE vs. DBXS.DE - Volatility Comparison
The current volatility for Expat Serbia BELEX15 UCITS ETF (ESNB.DE) is 3.05%, while Xtrackers Switzerland UCITS ETF (Dist) (DBXS.DE) has a volatility of 3.74%. This indicates that ESNB.DE experiences smaller price fluctuations and is considered to be less risky than DBXS.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 | DBXS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.74% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 10.88% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 13.80% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.52% | 13.40% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 13.99% | -1.88% |
ESNB.DE vs. DBXS.DE - Expense Ratio Comparison
ESNB.DE has a 1.38% expense ratio, which is higher than DBXS.DE's 0.30% expense ratio.
Dividends
ESNB.DE vs. DBXS.DE - Dividend Comparison
ESNB.DE has not paid dividends to shareholders, while DBXS.DE's dividend yield for the trailing twelve months is around 1.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 1.38% | 1.52% | 1.63% | 1.76% | 3.25% | 1.20% | 1.59% | 1.21% | 2.35% | 1.32% | 1.06% | 1.25% |
ESNB.DE Expat Serbia BELEX15 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
ESNB.DE and DBXS.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXS.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXS.DE is cheaper with a 0.30% expense ratio, compared with 1.38% for ESNB.DE.
ESNB.DE tracks BELEX15 Index, while DBXS.DE tracks Solactive Swiss Large Cap Index. They also come from different issuers: Expat and Xtrackers. Their fees differ too: 1.38% for ESNB.DE and 0.30% for DBXS.DE.
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