EXSB.DE vs. XESD.DE
EXSB.DE (iShares DivDAX UCITS ETF (DE)) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EXSB.DE tracks the DivDAX® while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, EXSB.DE returned 5.53%/yr vs 18.89%/yr for XESD.DE. A 0.74 correlation means they provide meaningful diversification when combined. EXSB.DE charges 0.31%/yr vs 0.30%/yr for XESD.DE.
Performance
EXSB.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSB.DE achieves a 1.54% return, which is significantly lower than XESD.DE's 7.26% return.
EXSB.DE
- 1D
- -0.71%
- 1M
- -0.92%
- YTD
- 1.54%
- 6M
- 3.75%
- 1Y
- 8.12%
- 3Y*
- 9.41%
- 5Y*
- 5.53%
- 10Y*
- 7.59%
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
EXSB.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSB.DE iShares DivDAX UCITS ETF (DE) | 1.54% | 21.72% | 4.26% | 17.02% | -11.05% | 13.58% | 2.20% | 23.19% | -16.62% | 6.57% |
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 EXSB.DE and XESD.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.74 |
The correlation between EXSB.DE and XESD.DE shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXSB.DE vs. XESD.DE — Risk / Return Rank
EXSB.DE
XESD.DE
EXSB.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares DivDAX UCITS ETF (DE) (EXSB.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.
| EXSB.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.46 | -2.64 |
| Martin ratioReturn relative to average drawdown | 2.26 | 12.05 | -9.79 |
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
| EXSB.DE | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.10 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 1.12 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.55 | -0.21 |
Drawdowns
EXSB.DE vs. XESD.DE - Drawdown Comparison
The maximum EXSB.DE drawdown since its inception was -60.17%, 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 EXSB.DE and XESD.DE.
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Drawdown Indicators
| EXSB.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.17% | -38.77% | -21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -10.27% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -12.49% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.49% | -18.59% | -6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -41.68% | — | — |
Current DrawdownCurrent decline from peak | -5.13% | -0.56% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -7.38% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.96% | +0.62% |
Volatility
EXSB.DE vs. XESD.DE - Volatility Comparison
The current volatility for iShares DivDAX UCITS ETF (DE) (EXSB.DE) is 3.57%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.46%. This indicates that EXSB.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.
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Volatility by Period
| EXSB.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 4.46% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 14.06% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 16.93% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 16.73% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 18.81% | -0.16% |
EXSB.DE vs. XESD.DE - Expense Ratio Comparison
EXSB.DE has a 0.31% expense ratio, which is higher than XESD.DE's 0.30% expense ratio.
Dividends
EXSB.DE vs. XESD.DE - Dividend Comparison
EXSB.DE's dividend yield for the trailing twelve months is around 3.06%, more than XESD.DE's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSB.DE iShares DivDAX UCITS ETF (DE) | 3.06% | 3.11% | 3.50% | 4.55% | 3.19% | 2.17% | 2.19% | 2.36% | 2.77% | 1.65% | 2.53% | 3.23% |
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
EXSB.DE and XESD.DE have a correlation of 0.64, 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 0.31% for EXSB.DE.
EXSB.DE tracks DivDAX®, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.31% for EXSB.DE and 0.30% for XESD.DE.
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