EUNK.DE vs. XESD.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EUNK.DE tracks the MSCI Europe while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, EUNK.DE returned 10.53%/yr vs 14.01%/yr for XESD.DE. Their correlation of 0.81 suggests significant overlap in exposure. EUNK.DE charges 0.12%/yr vs 0.30%/yr for XESD.DE.
Performance
EUNK.DE vs. XESD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUNK.DE achieves a 10.30% return, which is significantly lower than XESD.DE's 14.69% return. Over the past 10 years, EUNK.DE has underperformed XESD.DE with an annualized return of 10.53%, while XESD.DE has yielded a comparatively higher 14.01% annualized return.
EUNK.DE
- 1D
- 0.78%
- 1M
- 2.37%
- YTD
- 10.30%
- 6M
- 11.02%
- 1Y
- 22.44%
- 3Y*
- 15.27%
- 5Y*
- 10.26%
- 10Y*
- 10.53%
XESD.DE
- 1D
- 0.62%
- 1M
- 6.78%
- YTD
- 14.69%
- 6M
- 15.76%
- 1Y
- 47.75%
- 3Y*
- 32.29%
- 5Y*
- 20.35%
- 10Y*
- 14.01%
EUNK.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 10.30% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.69% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
Correlation
The correlation between EUNK.DE and XESD.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.81 |
The correlation between EUNK.DE and XESD.DE has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUNK.DE vs. XESD.DE — Risk / Return Rank
EUNK.DE
XESD.DE
EUNK.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and Xtrackers Spanish Equity UCITS ETF (XESD.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.
| EUNK.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.50 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 4.62 | -2.28 |
| Martin ratioReturn relative to average drawdown | 8.95 | 16.31 | -7.37 |
Loading charts...
Drawdowns
EUNK.DE vs. XESD.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.44%, smaller than the maximum XESD.DE drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and XESD.DE.
Loading charts...
Drawdown Indicators
| EUNK.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -38.76% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -10.28% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -12.49% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -18.55% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -38.76% | +3.32% |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -8.46% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.92% | -0.42% |
Volatility
EUNK.DE vs. XESD.DE - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) is 2.79%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.05%. This indicates that EUNK.DE experiences smaller price fluctuations and is considered to be less risky than XESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUNK.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 4.05% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 14.41% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 17.06% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 16.77% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 18.49% | -3.27% |
EUNK.DE vs. XESD.DE - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
EUNK.DE vs. XESD.DE - Dividend Comparison
EUNK.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.34% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
EUNK.DE and XESD.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNK.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for XESD.DE.
EUNK.DE tracks MSCI Europe, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for EUNK.DE and 0.30% for XESD.DE.
Find the right allocation for EUNK.DE and XESD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer