IS3U.DE vs. XESP.DE
IS3U.DE (iShares MSCI France UCITS ETF EUR (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - IS3U.DE tracks the MSCI France Index while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, IS3U.DE returned 7.56%/yr vs 18.91%/yr for XESP.DE. A 0.79 correlation means they provide meaningful diversification when combined. IS3U.DE charges 0.25%/yr vs 0.30%/yr for XESP.DE.
Performance
IS3U.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3U.DE achieves a 3.55% return, which is significantly lower than XESP.DE's 7.33% return.
IS3U.DE
- 1D
- 1.13%
- 1M
- 0.06%
- YTD
- 3.55%
- 6M
- 4.27%
- 1Y
- 8.44%
- 3Y*
- 7.55%
- 5Y*
- 7.56%
- 10Y*
- 9.25%
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
IS3U.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3U.DE iShares MSCI France UCITS ETF EUR (Acc) | 3.55% | 14.48% | 0.41% | 17.60% | -6.82% | 28.35% | -4.13% | 31.67% | -9.06% | 4.55% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -1.69% |
Correlation
The correlation between IS3U.DE and XESP.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.79 |
The correlation between IS3U.DE and XESP.DE has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
IS3U.DE vs. XESP.DE — Risk / Return Rank
IS3U.DE
XESP.DE
IS3U.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.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.
| IS3U.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.38 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.51 | -2.75 |
| Martin ratioReturn relative to average drawdown | 2.37 | 12.31 | -9.93 |
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
| IS3U.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 2.12 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.12 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.55 | -0.07 |
Drawdowns
IS3U.DE vs. XESP.DE - Drawdown Comparison
The maximum IS3U.DE drawdown since its inception was -38.98%, roughly equal to the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for IS3U.DE and XESP.DE.
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Drawdown Indicators
| IS3U.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -39.02% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -10.17% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -12.93% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -18.59% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -0.54% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -7.37% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.91% | +0.55% |
Volatility
IS3U.DE vs. XESP.DE - Volatility Comparison
The current volatility for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) is 4.25%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.48%. This indicates that IS3U.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
| IS3U.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.48% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 14.04% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 16.86% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 16.68% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 18.78% | -1.36% |
IS3U.DE vs. XESP.DE - Expense Ratio Comparison
IS3U.DE has a 0.25% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
IS3U.DE vs. XESP.DE - Dividend Comparison
Neither IS3U.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3U.DE and XESP.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3U.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3U.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESP.DE.
IS3U.DE tracks MSCI France Index, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for IS3U.DE and 0.30% for XESP.DE.
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