IS3H.DE vs. XESP.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - IS3H.DE tracks the MSCI EMU Mid Cap while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, IS3H.DE returned 10.75%/yr vs 13.68%/yr for XESP.DE. Their correlation of 0.80 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.30%/yr for XESP.DE.
Performance
IS3H.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3H.DE achieves a 12.27% return, which is significantly lower than XESP.DE's 14.35% return. Over the past 10 years, IS3H.DE has underperformed XESP.DE with an annualized return of 10.75%, while XESP.DE has yielded a comparatively higher 13.68% annualized return.
IS3H.DE
- 1D
- -0.47%
- 1M
- 2.07%
- YTD
- 12.27%
- 6M
- 12.80%
- 1Y
- 21.89%
- 3Y*
- 19.80%
- 5Y*
- 9.49%
- 10Y*
- 10.75%
XESP.DE
- 1D
- -0.45%
- 1M
- 6.12%
- YTD
- 14.35%
- 6M
- 15.38%
- 1Y
- 47.18%
- 3Y*
- 31.64%
- 5Y*
- 20.27%
- 10Y*
- 13.68%
IS3H.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 12.27% | 30.84% | 11.73% | 8.69% | -14.80% | 15.41% | 3.89% | 29.27% | -15.98% | 19.16% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.35% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between IS3H.DE and XESP.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2013 | 0.80 |
The correlation between IS3H.DE and XESP.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
IS3H.DE vs. XESP.DE — Risk / Return Rank
IS3H.DE
XESP.DE
IS3H.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| IS3H.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 4.62 | -1.93 |
| Martin ratioReturn relative to average drawdown | 9.74 | 16.41 | -6.66 |
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Drawdowns
IS3H.DE vs. XESP.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.64%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and XESP.DE.
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Drawdown Indicators
| IS3H.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.64% | -40.70% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -10.17% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -12.92% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -18.56% | -7.98% |
Max Drawdown (10Y)Largest decline over 10 years | -37.64% | -39.03% | +1.39% |
Current DrawdownCurrent decline from peak | -1.03% | -0.54% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -10.06% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.87% | -0.63% |
Volatility
IS3H.DE vs. XESP.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) is 2.36%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.24%. This indicates that IS3H.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
| IS3H.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 4.24% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 14.45% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 16.90% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 16.73% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 18.43% | -2.58% |
IS3H.DE vs. XESP.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than XESP.DE's 0.30% expense ratio.
Dividends
IS3H.DE vs. XESP.DE - Dividend Comparison
Neither IS3H.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3H.DE and XESP.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESP.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.49% for IS3H.DE and 0.30% for XESP.DE.
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