UIQN.DE vs. XESP.DE
UIQN.DE (UBS ETF (LU) MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - UIQN.DE tracks the MSCI EMU Select Factor Mix while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, UIQN.DE returned 9.53%/yr vs 18.91%/yr for XESP.DE. Their correlation of 0.83 suggests significant overlap in exposure. UIQN.DE charges 0.34%/yr vs 0.30%/yr for XESP.DE.
Performance
UIQN.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIQN.DE achieves a 7.72% return, which is significantly higher than XESP.DE's 7.33% return.
UIQN.DE
- 1D
- 0.22%
- 1M
- 0.35%
- YTD
- 7.72%
- 6M
- 10.25%
- 1Y
- 13.50%
- 3Y*
- 15.10%
- 5Y*
- 9.53%
- 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*
- —
UIQN.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UIQN.DE UBS ETF (LU) MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc | 7.72% | 23.72% | 7.69% | 17.74% | -13.01% | 21.24% | 0.20% | 27.52% | -13.41% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.42% |
Correlation
The correlation between UIQN.DE and XESP.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2018 | 0.83 |
The correlation between UIQN.DE and XESP.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
UIQN.DE vs. XESP.DE — Risk / Return Rank
UIQN.DE
XESP.DE
UIQN.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc (UIQN.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.
| UIQN.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.51 | -2.05 |
| Martin ratioReturn relative to average drawdown | 5.35 | 12.31 | -6.96 |
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
| UIQN.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 2.12 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.12 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.55 | -0.01 |
Drawdowns
UIQN.DE vs. XESP.DE - Drawdown Comparison
The maximum UIQN.DE drawdown since its inception was -37.48%, roughly equal to the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for UIQN.DE and XESP.DE.
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Drawdown Indicators
| UIQN.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.48% | -39.02% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.45% | -10.17% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -13.66% | -12.93% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -18.59% | -5.52% |
Current DrawdownCurrent decline from peak | -1.31% | -0.54% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -7.37% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.91% | -0.33% |
Volatility
UIQN.DE vs. XESP.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc (UIQN.DE) is 3.88%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.48%. This indicates that UIQN.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
| UIQN.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 4.48% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 14.04% | -3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.65% | 16.86% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 16.68% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 18.78% | -2.52% |
UIQN.DE vs. XESP.DE - Expense Ratio Comparison
UIQN.DE has a 0.34% expense ratio, which is higher than XESP.DE's 0.30% expense ratio.
Dividends
UIQN.DE vs. XESP.DE - Dividend Comparison
Neither UIQN.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
UIQN.DE and XESP.DE have a correlation of 0.85, 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 0.34% for UIQN.DE.
UIQN.DE tracks MSCI EMU Select Factor Mix, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.34% for UIQN.DE and 0.30% for XESP.DE.
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