TDT.AS vs. XESP.DE
TDT.AS (VanEck AEX UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - TDT.AS tracks the Euronext AEX All Share TR EUR while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, TDT.AS returned 10.32%/yr vs 18.91%/yr for XESP.DE. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
TDT.AS vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TDT.AS achieves a 11.73% return, which is significantly higher than XESP.DE's 7.33% return.
TDT.AS
- 1D
- 0.21%
- 1M
- 3.97%
- YTD
- 11.73%
- 6M
- 11.77%
- 1Y
- 15.84%
- 3Y*
- 13.79%
- 5Y*
- 10.32%
- 10Y*
- 11.70%
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
TDT.AS vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDT.AS VanEck AEX UCITS ETF | 11.73% | 10.57% | 14.47% | 16.93% | -12.00% | 30.49% | 5.32% | 28.01% | -7.60% | 7.92% |
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 TDT.AS and XESP.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.66 |
The correlation between TDT.AS and XESP.DE shifts across timeframes, from 0.55 (3 years) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDT.AS vs. XESP.DE — Risk / Return Rank
TDT.AS
XESP.DE
TDT.AS vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck AEX UCITS ETF (TDT.AS) 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.
| TDT.AS | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 3.51 | -1.27 |
| Martin ratioReturn relative to average drawdown | 5.59 | 12.31 | -6.71 |
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
| TDT.AS | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.12 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.12 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.55 | +0.05 |
Drawdowns
TDT.AS vs. XESP.DE - Drawdown Comparison
The maximum TDT.AS drawdown since its inception was -35.61%, smaller than the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for TDT.AS and XESP.DE.
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Drawdown Indicators
| TDT.AS | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.61% | -39.02% | +3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -10.17% | +3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.87% | -12.93% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -18.59% | -3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.54% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -7.37% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.91% | -0.10% |
Volatility
TDT.AS vs. XESP.DE - Volatility Comparison
The current volatility for VanEck AEX UCITS ETF (TDT.AS) is 3.79%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.48%. This indicates that TDT.AS 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
| TDT.AS | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 4.48% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 14.04% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 16.86% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 16.68% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 18.78% | -2.56% |
TDT.AS vs. XESP.DE - Expense Ratio Comparison
Both TDT.AS and XESP.DE have an expense ratio of 0.30%.
Dividends
TDT.AS vs. XESP.DE - Dividend Comparison
TDT.AS's dividend yield for the trailing twelve months is around 2.02%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDT.AS VanEck AEX UCITS ETF | 2.02% | 2.28% | 2.40% | 2.24% | 2.32% | 1.69% | 1.75% | 3.24% | 3.37% | 3.04% | 3.28% | 2.54% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDT.AS and XESP.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TDT.AS and XESP.DE have the same expense ratio: 0.30% per year.
TDT.AS tracks Euronext AEX All Share TR EUR, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: VanEck and Xtrackers.
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