EUN2.DE vs. XESP.DE
EUN2.DE (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EUN2.DE tracks the EURO STOXX® 50 while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, EUN2.DE returned 11.50%/yr vs 18.91%/yr for XESP.DE. Their correlation of 0.82 suggests significant overlap in exposure. EUN2.DE charges 0.10%/yr vs 0.30%/yr for XESP.DE.
Performance
EUN2.DE vs. XESP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUN2.DE having a 7.12% return and XESP.DE slightly higher at 7.33%.
EUN2.DE
- 1D
- 0.76%
- 1M
- 1.87%
- YTD
- 7.12%
- 6M
- 8.50%
- 1Y
- 15.68%
- 3Y*
- 15.61%
- 5Y*
- 11.50%
- 10Y*
- 10.53%
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
EUN2.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 7.12% | 22.24% | 10.97% | 22.70% | -8.84% | 23.49% | -3.00% | 30.05% | -12.00% | 1.96% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -1.69% |
Correlation
The correlation between EUN2.DE and XESP.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
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 | 0.82 |
The correlation between EUN2.DE and XESP.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
EUN2.DE vs. XESP.DE — Risk / Return Rank
EUN2.DE
XESP.DE
EUN2.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.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.
| EUN2.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.51 | -2.08 |
| Martin ratioReturn relative to average drawdown | 4.86 | 12.31 | -7.45 |
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
| EUN2.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.12 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.12 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.55 | -0.39 |
Drawdowns
EUN2.DE vs. XESP.DE - Drawdown Comparison
The maximum EUN2.DE drawdown since its inception was -65.11%, which is greater than XESP.DE's maximum drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for EUN2.DE and XESP.DE.
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Drawdown Indicators
| EUN2.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.11% | -39.02% | -26.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -10.17% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -12.93% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -18.59% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.54% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -19.35% | -7.37% | -11.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.91% | +0.33% |
Volatility
EUN2.DE vs. XESP.DE - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE) has a higher volatility of 4.96% compared to Xtrackers Spanish Equity UCITS ETF (XESP.DE) at 4.48%. This indicates that EUN2.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
| EUN2.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.48% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 14.04% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 16.86% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 16.68% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.78% | -0.55% |
EUN2.DE vs. XESP.DE - Expense Ratio Comparison
EUN2.DE has a 0.10% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
EUN2.DE vs. XESP.DE - Dividend Comparison
EUN2.DE's dividend yield for the trailing twelve months is around 2.55%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.51% | 3.02% | 3.02% | 2.92% | 2.05% | 2.15% | 3.02% | 3.70% | 2.85% | 3.38% | 2.93% |
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% | 0.00% |
Frequently Asked Questions
EUN2.DE and XESP.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN2.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for XESP.DE.
EUN2.DE tracks EURO STOXX® 50, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for EUN2.DE and 0.30% for XESP.DE.
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