SXRY.DE vs. XESP.DE
SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - SXRY.DE tracks the FTSE MIB while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, SXRY.DE returned 19.74%/yr vs 18.91%/yr for XESP.DE. Their correlation of 0.81 suggests significant overlap in exposure. SXRY.DE charges 0.33%/yr vs 0.30%/yr for XESP.DE.
Performance
SXRY.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRY.DE achieves a 14.40% return, which is significantly higher than XESP.DE's 7.33% return.
SXRY.DE
- 1D
- 0.28%
- 1M
- 2.66%
- YTD
- 14.40%
- 6M
- 18.51%
- 1Y
- 29.82%
- 3Y*
- 28.94%
- 5Y*
- 19.74%
- 10Y*
- 15.00%
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
SXRY.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 14.40% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 4.95% |
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 SXRY.DE and XESP.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.81 |
The correlation between SXRY.DE and XESP.DE has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
SXRY.DE vs. XESP.DE — Risk / Return Rank
SXRY.DE
XESP.DE
SXRY.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE MIB UCITS ETF (Acc) (SXRY.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.
| SXRY.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.51 | -0.35 |
| Martin ratioReturn relative to average drawdown | 11.35 | 12.31 | -0.95 |
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
| SXRY.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.12 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.12 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.55 | -0.17 |
Drawdowns
SXRY.DE vs. XESP.DE - Drawdown Comparison
The maximum SXRY.DE drawdown since its inception was -43.59%, which is greater than XESP.DE's maximum drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for SXRY.DE and XESP.DE.
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Drawdown Indicators
| SXRY.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.59% | -39.02% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -10.17% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -12.93% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -18.59% | -6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -40.81% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.54% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -7.37% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.91% | -0.21% |
Volatility
SXRY.DE vs. XESP.DE - Volatility Comparison
iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a higher volatility of 4.82% compared to Xtrackers Spanish Equity UCITS ETF (XESP.DE) at 4.48%. This indicates that SXRY.DE's price experiences larger fluctuations and is considered to be riskier 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
| SXRY.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.48% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 14.04% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 16.86% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.28% | 16.68% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 18.78% | +1.40% |
SXRY.DE vs. XESP.DE - Expense Ratio Comparison
SXRY.DE has a 0.33% expense ratio, which is higher than XESP.DE's 0.30% expense ratio.
Dividends
SXRY.DE vs. XESP.DE - Dividend Comparison
Neither SXRY.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRY.DE and XESP.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESP.DE is cheaper with a 0.30% expense ratio, compared with 0.33% for SXRY.DE.
SXRY.DE tracks FTSE MIB, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.33% for SXRY.DE and 0.30% for XESP.DE.
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