OM3X.DE vs. XESD.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - OM3X.DE tracks the OMX Stockholm Benchmark Cap while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, OM3X.DE returned 7.19%/yr vs 20.77%/yr for XESD.DE. A 0.58 correlation means they provide meaningful diversification when combined. OM3X.DE charges 0.10%/yr vs 0.30%/yr for XESD.DE.
Performance
OM3X.DE vs. XESD.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while XESD.DE is traded in EUR. To make them comparable, the XESD.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.44% return, which is significantly higher than XESD.DE's 8.09% return.
OM3X.DE
- 1D
- 0.38%
- 1M
- -0.04%
- YTD
- 9.44%
- 6M
- 10.91%
- 1Y
- 21.25%
- 3Y*
- 12.08%
- 5Y*
- 7.19%
- 10Y*
- —
XESD.DE
- 1D
- 0.33%
- 1M
- 1.57%
- YTD
- 8.09%
- 6M
- 11.17%
- 1Y
- 33.88%
- 3Y*
- 26.61%
- 5Y*
- 20.77%
- 10Y*
- —
OM3X.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.44% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.23% | -4.51% | -1.25% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 8.09% | 49.39% | 18.08% | 26.61% | 7.12% | 12.68% | -13.54% | 18.12% | -8.62% | 0.70% |
Correlation
The correlation between OM3X.DE and XESD.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.58 |
The correlation between OM3X.DE and XESD.DE has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
OM3X.DE vs. XESD.DE — Risk / Return Rank
OM3X.DE
XESD.DE
OM3X.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.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.
| OM3X.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.74 | -1.80 |
| Martin ratioReturn relative to average drawdown | 7.36 | 13.12 | -5.76 |
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
| OM3X.DE | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.14 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.26 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.67 | -0.05 |
Drawdowns
OM3X.DE vs. XESD.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.86%, smaller than the maximum XESD.DE drawdown of -36.63%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and XESD.DE.
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Drawdown Indicators
| OM3X.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | -36.63% | +3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -9.37% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -13.50% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -14.96% | -15.45% |
Current DrawdownCurrent decline from peak | -1.57% | 0.00% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -7.38% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.68% | +0.27% |
Volatility
OM3X.DE vs. XESD.DE - Volatility Comparison
iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a higher volatility of 4.70% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 3.41%. This indicates that OM3X.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
| OM3X.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 3.41% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 13.13% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 16.37% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 16.23% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 17.91% | -0.42% |
OM3X.DE vs. XESD.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
OM3X.DE vs. XESD.DE - Dividend Comparison
OM3X.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 |
|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 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
OM3X.DE and XESD.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for XESD.DE.
OM3X.DE tracks OMX Stockholm Benchmark Cap, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for OM3X.DE and 0.30% for XESD.DE.
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