SXRW.DE vs. XESP.DE
SXRW.DE (iShares Core FTSE 100 UCITS ETF GBP (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - SXRW.DE tracks the FTSE 100 while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, SXRW.DE returned 9.54%/yr vs 14.03%/yr for XESP.DE. A 0.67 correlation means they provide meaningful diversification when combined. SXRW.DE charges 0.07%/yr vs 0.30%/yr for XESP.DE.
Performance
SXRW.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRW.DE achieves a 9.18% return, which is significantly lower than XESP.DE's 14.86% return. Over the past 10 years, SXRW.DE has underperformed XESP.DE with an annualized return of 9.54%, while XESP.DE has yielded a comparatively higher 14.03% annualized return.
SXRW.DE
- 1D
- 0.91%
- 1M
- 0.97%
- YTD
- 9.18%
- 6M
- 9.76%
- 1Y
- 23.82%
- 3Y*
- 16.11%
- 5Y*
- 11.99%
- 10Y*
- 9.54%
XESP.DE
- 1D
- 0.87%
- 1M
- 6.89%
- YTD
- 14.86%
- 6M
- 15.90%
- 1Y
- 48.43%
- 3Y*
- 32.37%
- 5Y*
- 20.37%
- 10Y*
- 14.03%
SXRW.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRW.DE iShares Core FTSE 100 UCITS ETF GBP (Acc) | 9.18% | 20.63% | 13.57% | 10.46% | -1.47% | 24.81% | -15.42% | 25.18% | -10.61% | 8.11% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.86% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between SXRW.DE and XESP.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 | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.67 |
The correlation between SXRW.DE and XESP.DE has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
SXRW.DE vs. XESP.DE — Risk / Return Rank
SXRW.DE
XESP.DE
SXRW.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core FTSE 100 UCITS ETF GBP (Acc) (SXRW.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.
| SXRW.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.51 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 4.74 | -1.74 |
| Martin ratioReturn relative to average drawdown | 11.00 | 16.84 | -5.84 |
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Drawdowns
SXRW.DE vs. XESP.DE - Drawdown Comparison
The maximum SXRW.DE drawdown since its inception was -40.31%, roughly equal to the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for SXRW.DE and XESP.DE.
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Drawdown Indicators
| SXRW.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -40.70% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -10.17% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -12.92% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -18.56% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -39.03% | -1.28% |
Current DrawdownCurrent decline from peak | -0.30% | -0.10% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -10.06% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.87% | -0.71% |
Volatility
SXRW.DE vs. XESP.DE - Volatility Comparison
The current volatility for iShares Core FTSE 100 UCITS ETF GBP (Acc) (SXRW.DE) is 3.13%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.20%. This indicates that SXRW.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
| SXRW.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 4.20% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 14.44% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 17.00% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 16.73% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 18.44% | -1.88% |
SXRW.DE vs. XESP.DE - Expense Ratio Comparison
SXRW.DE has a 0.07% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
SXRW.DE vs. XESP.DE - Dividend Comparison
Neither SXRW.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRW.DE and XESP.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, SXRW.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRW.DE is cheaper with a 0.07% expense ratio, compared with 0.30% for XESP.DE.
SXRW.DE tracks FTSE 100, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for SXRW.DE and 0.30% for XESP.DE.
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