MVEE.DE vs. XESD.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - MVEE.DE tracks the MSCI Europe NR EUR while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.16%/yr vs 18.89%/yr for XESD.DE. A 0.70 correlation means they provide meaningful diversification when combined. MVEE.DE charges 0.25%/yr vs 0.30%/yr for XESD.DE.
Performance
MVEE.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEE.DE achieves a 5.59% return, which is significantly lower than XESD.DE's 7.26% return.
MVEE.DE
- 1D
- 0.56%
- 1M
- 0.01%
- YTD
- 5.59%
- 6M
- 7.14%
- 1Y
- 5.59%
- 3Y*
- 8.72%
- 5Y*
- 6.16%
- 10Y*
- —
XESD.DE
- 1D
- 0.58%
- 1M
- 1.30%
- YTD
- 7.26%
- 6M
- 11.75%
- 1Y
- 34.69%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
MVEE.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | 8.72% | 8.82% | 12.50% | -15.12% | 23.93% | 14.18% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | 28.06% |
Correlation
The correlation between MVEE.DE and XESD.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.70 |
The correlation between MVEE.DE and XESD.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
MVEE.DE vs. XESD.DE — Risk / Return Rank
MVEE.DE
XESD.DE
MVEE.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
| MVEE.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.46 | -2.76 |
| Martin ratioReturn relative to average drawdown | 1.87 | 12.05 | -10.18 |
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
| MVEE.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 | 0.50 | 1.12 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.55 | +0.16 |
Drawdowns
MVEE.DE vs. XESD.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.20%, smaller than the maximum XESD.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and XESD.DE.
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Drawdown Indicators
| MVEE.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -38.77% | +18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -10.27% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -12.49% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -18.59% | -1.61% |
Current DrawdownCurrent decline from peak | -2.23% | -0.56% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -7.38% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.96% | -0.04% |
Volatility
MVEE.DE vs. XESD.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 3.51%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.46%. This indicates that MVEE.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
| MVEE.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 4.46% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 14.06% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 16.93% | -6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 16.73% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 18.81% | -6.36% |
MVEE.DE vs. XESD.DE - Expense Ratio Comparison
MVEE.DE has a 0.25% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
MVEE.DE vs. XESD.DE - Dividend Comparison
MVEE.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
MVEE.DE and XESD.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESD.DE.
MVEE.DE tracks MSCI Europe NR EUR, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for MVEE.DE and 0.30% for XESD.DE.
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