EXSD.DE vs. XESP.DE
EXSD.DE (iShares STOXX Europe Mid 200 UCITS ETF (DE)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EXSD.DE tracks the STOXX Europe Mid 200 Index while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, EXSD.DE returned 9.23%/yr vs 13.60%/yr for XESP.DE. A 0.77 correlation means they provide meaningful diversification when combined. EXSD.DE charges 0.21%/yr vs 0.30%/yr for XESP.DE.
Performance
EXSD.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSD.DE achieves a 12.15% return, which is significantly lower than XESP.DE's 17.40% return. Over the past 10 years, EXSD.DE has underperformed XESP.DE with an annualized return of 9.23%, while XESP.DE has yielded a comparatively higher 13.60% annualized return.
EXSD.DE
- 1D
- 0.64%
- 1M
- 4.72%
- 6M
- 11.00%
- YTD
- 12.15%
- 1Y
- 19.01%
- 3Y*
- 14.97%
- 5Y*
- 6.68%
- 10Y*
- 9.23%
XESP.DE
- 1D
- 1.01%
- 1M
- 10.02%
- 6M
- 16.19%
- YTD
- 17.40%
- 1Y
- 46.79%
- 3Y*
- 31.60%
- 5Y*
- 21.32%
- 10Y*
- 13.60%
EXSD.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSD.DE iShares STOXX Europe Mid 200 UCITS ETF (DE) | 12.15% | 20.71% | 5.80% | 15.08% | -18.91% | 18.43% | 0.93% | 29.02% | -11.97% | 16.29% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 17.40% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between EXSD.DE and XESP.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.77 |
The correlation between EXSD.DE and XESP.DE has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
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Return for Risk
EXSD.DE vs. XESP.DE — Risk / Return Rank
EXSD.DE
XESP.DE
EXSD.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe Mid 200 UCITS ETF (DE) (EXSD.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.
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.
| EXSD.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 4.58 | -2.43 |
| Martin ratioReturn relative to average drawdown | 7.63 | 16.27 | -8.64 |
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Drawdowns
EXSD.DE vs. XESP.DE - Drawdown Comparison
The maximum EXSD.DE drawdown since its inception was -61.46%, which is greater than XESP.DE's maximum drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for EXSD.DE and XESP.DE.
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Drawdown Indicators
| EXSD.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.46% | -40.70% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -10.17% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -12.92% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -30.21% | -18.56% | -11.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -39.03% | -0.13% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -10.04% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.87% | -0.38% |
Volatility
EXSD.DE vs. XESP.DE - Volatility Comparison
The current volatility for iShares STOXX Europe Mid 200 UCITS ETF (DE) (EXSD.DE) is 3.57%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.15%. This indicates that EXSD.DE experiences smaller price fluctuations and is considered to be less risky 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
| EXSD.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 4.15% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 14.49% | -4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 16.94% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 16.71% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 18.38% | -1.68% |
EXSD.DE vs. XESP.DE - Expense Ratio Comparison
EXSD.DE has a 0.21% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
EXSD.DE vs. XESP.DE - Dividend Comparison
EXSD.DE's dividend yield for the trailing twelve months is around 2.71%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSD.DE iShares STOXX Europe Mid 200 UCITS ETF (DE) | 2.71% | 3.08% | 3.23% | 2.71% | 3.06% | 2.12% | 1.54% | 2.85% | 3.02% | 3.28% | 3.16% | 2.64% |
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
EXSD.DE and XESP.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSD.DE is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSD.DE is cheaper with a 0.21% expense ratio, compared with 0.30% for XESP.DE.
EXSD.DE tracks STOXX Europe Mid 200 Index, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.21% for EXSD.DE and 0.30% for XESP.DE.
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