VGER.DE vs. XESD.DE
VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - VGER.DE tracks the FTSE Germany All Cap while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, VGER.DE returned 7.30%/yr vs 18.89%/yr for XESD.DE. A 0.74 correlation means they provide meaningful diversification when combined. VGER.DE charges 0.10%/yr vs 0.30%/yr for XESD.DE.
Performance
VGER.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGER.DE achieves a 2.83% return, which is significantly lower than XESD.DE's 7.26% return.
VGER.DE
- 1D
- 0.30%
- 1M
- 0.79%
- YTD
- 2.83%
- 6M
- 5.10%
- 1Y
- 2.05%
- 3Y*
- 14.77%
- 5Y*
- 7.30%
- 10Y*
- —
XESD.DE
- 1D
- 0.58%
- 1M
- 1.30%
- YTD
- 7.26%
- 6M
- 11.75%
- 1Y
- 34.69%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
VGER.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.83% | 21.13% | 16.18% | 19.26% | -17.51% | 12.84% | 3.89% | 23.04% | -15.57% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | -10.12% | 15.71% | -11.67% |
Correlation
The correlation between VGER.DE and XESD.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2018 | 0.74 |
The correlation between VGER.DE and XESD.DE has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
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Return for Risk
VGER.DE vs. XESD.DE — Risk / Return Rank
VGER.DE
XESD.DE
VGER.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) and Xtrackers Spanish Equity UCITS ETF (XESD.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.
| VGER.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 3.46 | -3.26 |
| Martin ratioReturn relative to average drawdown | 0.59 | 12.05 | -11.46 |
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
| VGER.DE | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.10 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 1.12 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.55 | -0.16 |
Drawdowns
VGER.DE vs. XESD.DE - Drawdown Comparison
The maximum VGER.DE drawdown since its inception was -38.64%, roughly equal to the maximum XESD.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for VGER.DE and XESD.DE.
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Drawdown Indicators
| VGER.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -38.77% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -10.27% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -12.49% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -18.59% | -12.58% |
Current DrawdownCurrent decline from peak | -1.75% | -0.56% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -7.38% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.96% | +1.12% |
Volatility
VGER.DE vs. XESD.DE - Volatility Comparison
Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) has a higher volatility of 4.79% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 4.46%. This indicates that VGER.DE's price experiences larger fluctuations and is considered to be riskier than XESD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGER.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.46% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 14.06% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 16.93% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 16.73% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 18.81% | +0.76% |
VGER.DE vs. XESD.DE - Expense Ratio Comparison
VGER.DE has a 0.10% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
VGER.DE vs. XESD.DE - Dividend Comparison
VGER.DE's dividend yield for the trailing twelve months is around 2.13%, less than XESD.DE's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.13% | 2.12% | 2.40% | 2.96% | 4.07% | 1.86% | 2.93% | 2.55% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.50% | 2.43% | 3.14% | 2.57% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% |
Frequently Asked Questions
VGER.DE and XESD.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGER.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGER.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for XESD.DE.
VGER.DE tracks FTSE Germany All Cap, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.10% for VGER.DE and 0.30% for XESD.DE.
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