SLMA.DE vs. XESP.DE
SLMA.DE (iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - SLMA.DE tracks the MSCI EMU ESG Screened while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, SLMA.DE returned 10.24%/yr vs 18.91%/yr for XESP.DE. Their correlation of 0.82 suggests significant overlap in exposure. SLMA.DE charges 0.12%/yr vs 0.30%/yr for XESP.DE.
Performance
SLMA.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMA.DE achieves a 8.54% return, which is significantly higher than XESP.DE's 7.33% return.
SLMA.DE
- 1D
- 0.46%
- 1M
- 2.64%
- YTD
- 8.54%
- 6M
- 10.39%
- 1Y
- 16.70%
- 3Y*
- 15.58%
- 5Y*
- 10.24%
- 10Y*
- —
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
SLMA.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLMA.DE iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) | 8.54% | 22.99% | 9.30% | 19.71% | -12.70% | 22.35% | 0.12% | 26.88% | -4.71% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -1.25% |
Correlation
The correlation between SLMA.DE and XESP.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.82 |
The correlation between SLMA.DE and XESP.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
SLMA.DE vs. XESP.DE — Risk / Return Rank
SLMA.DE
XESP.DE
SLMA.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.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.
| SLMA.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.51 | -1.88 |
| Martin ratioReturn relative to average drawdown | 5.91 | 12.31 | -6.40 |
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
| SLMA.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.12 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.12 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.55 | +0.07 |
Drawdowns
SLMA.DE vs. XESP.DE - Drawdown Comparison
The maximum SLMA.DE drawdown since its inception was -37.39%, roughly equal to the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for SLMA.DE and XESP.DE.
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Drawdown Indicators
| SLMA.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -39.02% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -10.17% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -12.93% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -18.59% | -6.51% |
Current DrawdownCurrent decline from peak | -0.36% | -0.54% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -7.37% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.91% | -0.07% |
Volatility
SLMA.DE vs. XESP.DE - Volatility Comparison
iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.DE) have volatilities of 4.51% and 4.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLMA.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 4.48% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 14.04% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 16.86% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 16.68% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 18.78% | -0.77% |
SLMA.DE vs. XESP.DE - Expense Ratio Comparison
SLMA.DE has a 0.12% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
SLMA.DE vs. XESP.DE - Dividend Comparison
Neither SLMA.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMA.DE and XESP.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLMA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLMA.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for XESP.DE.
SLMA.DE tracks MSCI EMU ESG Screened, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for SLMA.DE and 0.30% for XESP.DE.
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