EXXX.DE vs. XESD.DE
EXXX.DE (iShares ATX UCITS ETF (DE)) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - EXXX.DE tracks the ATX Index while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, EXXX.DE returned 15.61%/yr vs 13.59%/yr for XESD.DE. A 0.73 correlation means they provide meaningful diversification when combined. EXXX.DE charges 0.32%/yr vs 0.30%/yr for XESD.DE.
Performance
EXXX.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXXX.DE achieves a 26.40% return, which is significantly higher than XESD.DE's 17.35% return. Over the past 10 years, EXXX.DE has outperformed XESD.DE with an annualized return of 15.61%, while XESD.DE has yielded a comparatively lower 13.59% annualized return.
EXXX.DE
- 1D
- 0.98%
- 1M
- 8.32%
- 6M
- 25.26%
- YTD
- 26.40%
- 1Y
- 51.78%
- 3Y*
- 31.33%
- 5Y*
- 17.65%
- 10Y*
- 15.61%
XESD.DE
- 1D
- 0.91%
- 1M
- 10.05%
- 6M
- 15.62%
- YTD
- 17.35%
- 1Y
- 46.71%
- 3Y*
- 31.57%
- 5Y*
- 21.32%
- 10Y*
- 13.59%
EXXX.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXXX.DE iShares ATX UCITS ETF (DE) | 26.40% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 17.35% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
Correlation
The correlation between EXXX.DE and XESD.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.73 |
The correlation between EXXX.DE and XESD.DE has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
EXXX.DE vs. XESD.DE — Risk / Return Rank
EXXX.DE
XESD.DE
EXXX.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ATX UCITS ETF (DE) (EXXX.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.
| EXXX.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.48 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 4.52 | +0.29 |
| Martin ratioReturn relative to average drawdown | 16.27 | 15.96 | +0.31 |
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Drawdowns
EXXX.DE vs. XESD.DE - Drawdown Comparison
The maximum EXXX.DE drawdown since its inception was -71.43%, which is greater than XESD.DE's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for EXXX.DE and XESD.DE.
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Drawdown Indicators
| EXXX.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.43% | -38.76% | -32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -10.28% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.11% | -12.49% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | -18.55% | -14.14% |
Max Drawdown (10Y)Largest decline over 10 years | -52.90% | -38.76% | -14.14% |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -28.46% | -8.45% | -20.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.92% | +0.25% |
Volatility
EXXX.DE vs. XESD.DE - Volatility Comparison
iShares ATX UCITS ETF (DE) (EXXX.DE) has a higher volatility of 5.95% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 4.06%. This indicates that EXXX.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
| EXXX.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 4.06% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 14.45% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 17.03% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 16.75% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 18.44% | +1.56% |
EXXX.DE vs. XESD.DE - Expense Ratio Comparison
EXXX.DE has a 0.32% expense ratio, which is higher than XESD.DE's 0.30% expense ratio.
Dividends
EXXX.DE vs. XESD.DE - Dividend Comparison
EXXX.DE's dividend yield for the trailing twelve months is around 2.92%, more than XESD.DE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXXX.DE iShares ATX UCITS ETF (DE) | 2.92% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.29% | 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
EXXX.DE and XESD.DE have a correlation of 0.74, 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 0.32% for EXXX.DE.
EXXX.DE tracks ATX Index, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.32% for EXXX.DE and 0.30% for XESD.DE.
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