EXS2.DE vs. XESD.DE
EXS2.DE (iShares TecDAX UCITS ETF (DE)) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EXS2.DE tracks the TecDAX® while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, EXS2.DE returned 3.72%/yr vs 18.89%/yr for XESD.DE. A 0.54 correlation means they provide meaningful diversification when combined. EXS2.DE charges 0.51%/yr vs 0.30%/yr for XESD.DE.
Performance
EXS2.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS2.DE achieves a 15.70% return, which is significantly higher than XESD.DE's 7.26% return.
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
EXS2.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 14.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | -10.12% | 15.71% | -12.40% | -1.58% |
Correlation
The correlation between EXS2.DE and XESD.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.54 |
The correlation between EXS2.DE and XESD.DE has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
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Return for Risk
EXS2.DE vs. XESD.DE — Risk / Return Rank
EXS2.DE
XESD.DE
EXS2.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.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.
| EXS2.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.37 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.46 | -3.06 |
| Martin ratioReturn relative to average drawdown | 0.80 | 12.05 | -11.25 |
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
| EXS2.DE | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.10 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.12 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.55 | -0.42 |
Drawdowns
EXS2.DE vs. XESD.DE - Drawdown Comparison
The maximum EXS2.DE drawdown since its inception was -84.49%, which is greater than XESD.DE's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for EXS2.DE and XESD.DE.
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Drawdown Indicators
| EXS2.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.49% | -38.77% | -45.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -10.27% | -5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -12.49% | -5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -34.97% | -18.59% | -16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | -0.56% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -39.46% | -7.38% | -32.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 2.96% | +5.11% |
Volatility
EXS2.DE vs. XESD.DE - Volatility Comparison
iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a higher volatility of 5.29% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 4.46%. This indicates that EXS2.DE's price experiences larger fluctuations and is considered to be riskier than XESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXS2.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.46% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 14.06% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 16.93% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 16.73% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 18.81% | +0.66% |
EXS2.DE vs. XESD.DE - Expense Ratio Comparison
EXS2.DE has a 0.51% expense ratio, which is higher than XESD.DE's 0.30% expense ratio.
Dividends
EXS2.DE vs. XESD.DE - Dividend Comparison
EXS2.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.50% | 2.43% | 3.14% | 2.57% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXS2.DE and XESD.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESD.DE is cheaper with a 0.30% expense ratio, compared with 0.51% for EXS2.DE.
EXS2.DE tracks TecDAX®, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.51% for EXS2.DE and 0.30% for XESD.DE.
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