UIMA.DE vs. XESP.DE
UIMA.DE (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - UIMA.DE tracks the MSCI Europe while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, UIMA.DE returned 10.49%/yr vs 14.03%/yr for XESP.DE. A 0.80 correlation means they provide meaningful diversification when combined. UIMA.DE charges 0.10%/yr vs 0.30%/yr for XESP.DE.
Performance
UIMA.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIMA.DE achieves a 10.59% return, which is significantly lower than XESP.DE's 14.86% return. Over the past 10 years, UIMA.DE has underperformed XESP.DE with an annualized return of 10.49%, while XESP.DE has yielded a comparatively higher 14.03% annualized return.
UIMA.DE
- 1D
- 0.81%
- 1M
- 2.33%
- YTD
- 10.59%
- 6M
- 11.24%
- 1Y
- 22.64%
- 3Y*
- 15.39%
- 5Y*
- 10.28%
- 10Y*
- 10.49%
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%
UIMA.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 10.59% | 20.65% | 8.36% | 15.54% | -9.27% | 24.93% | -3.30% | 27.60% | -11.02% | 11.02% |
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 UIMA.DE and XESP.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.80 |
The correlation between UIMA.DE and XESP.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
UIMA.DE vs. XESP.DE — Risk / Return Rank
UIMA.DE
XESP.DE
UIMA.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.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.
| UIMA.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.51 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 4.74 | -2.35 |
| Martin ratioReturn relative to average drawdown | 9.20 | 16.84 | -7.64 |
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Drawdowns
UIMA.DE vs. XESP.DE - Drawdown Comparison
The maximum UIMA.DE drawdown since its inception was -35.79%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for UIMA.DE and XESP.DE.
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Drawdown Indicators
| UIMA.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.79% | -40.70% | +4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -10.17% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -12.92% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -18.56% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -39.03% | +3.24% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -10.06% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.87% | -0.41% |
Volatility
UIMA.DE vs. XESP.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) is 2.91%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.20%. This indicates that UIMA.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
| UIMA.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 4.20% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 14.44% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 17.00% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 16.73% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 18.44% | -3.16% |
UIMA.DE vs. XESP.DE - Expense Ratio Comparison
UIMA.DE has a 0.10% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
UIMA.DE vs. XESP.DE - Dividend Comparison
UIMA.DE's dividend yield for the trailing twelve months is around 3.08%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 3.08% | 2.48% | 2.67% | 2.74% | 2.91% | 2.02% | 2.06% | 2.87% | 3.38% | 2.91% | 3.95% | 3.24% |
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
UIMA.DE and XESP.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIMA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIMA.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for XESP.DE.
UIMA.DE tracks MSCI Europe, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.10% for UIMA.DE and 0.30% for XESP.DE.
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