XB4A.DE vs. XESD.DE
XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - XB4A.DE tracks the ATX Index while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, XB4A.DE returned 15.98%/yr vs 13.59%/yr for XESD.DE. A 0.73 correlation means they provide meaningful diversification when combined. XB4A.DE charges 0.25%/yr vs 0.30%/yr for XESD.DE.
Performance
XB4A.DE vs. XESD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XB4A.DE achieves a 26.47% return, which is significantly higher than XESD.DE's 17.35% return. Over the past 10 years, XB4A.DE has outperformed XESD.DE with an annualized return of 15.98%, while XESD.DE has yielded a comparatively lower 13.59% annualized return.
XB4A.DE
- 1D
- 1.02%
- 1M
- 8.17%
- 6M
- 25.41%
- YTD
- 26.47%
- 1Y
- 51.75%
- 3Y*
- 31.70%
- 5Y*
- 17.96%
- 10Y*
- 15.98%
XESD.DE
- 1D
- 0.91%
- 1M
- 10.05%
- 6M
- 15.62%
- YTD
- 17.35%
- 1Y
- 46.71%
- 3Y*
- 31.57%
- 5Y*
- 21.32%
- 10Y*
- 13.59%
XB4A.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 26.47% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 17.35% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
Correlation
The correlation between XB4A.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 | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.73 |
The correlation between XB4A.DE and XESD.DE has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XB4A.DE vs. XESD.DE — Risk / Return Rank
XB4A.DE
XESD.DE
XB4A.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ATX UCITS ETF (Acc) (XB4A.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.
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.
| XB4A.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.48 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 4.52 | +0.21 |
| Martin ratioReturn relative to average drawdown | 16.12 | 15.96 | +0.16 |
Loading charts...
Drawdowns
XB4A.DE vs. XESD.DE - Drawdown Comparison
The maximum XB4A.DE drawdown since its inception was -53.54%, which is greater than XESD.DE's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for XB4A.DE and XESD.DE.
Loading charts...
Drawdown Indicators
| XB4A.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -38.76% | -14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -10.28% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -12.49% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | -18.55% | -13.95% |
Max Drawdown (10Y)Largest decline over 10 years | -53.54% | -38.76% | -14.78% |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -8.45% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.92% | +0.28% |
Volatility
XB4A.DE vs. XESD.DE - Volatility Comparison
Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a higher volatility of 6.08% compared to Xtrackers Spanish Equity UCITS ETF (XESD.DE) at 4.06%. This indicates that XB4A.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.
Loading charts...
Volatility by Period
| XB4A.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 4.06% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 14.45% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 17.03% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 16.75% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 18.44% | +1.77% |
XB4A.DE vs. XESD.DE - Expense Ratio Comparison
XB4A.DE has a 0.25% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
XB4A.DE vs. XESD.DE - Dividend Comparison
XB4A.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.29% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
XB4A.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, XB4A.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESD.DE.
XB4A.DE tracks ATX Index, while XESD.DE tracks Solactive Spain 40. Their fees differ too: 0.25% for XB4A.DE and 0.30% for XESD.DE.
Find the right allocation for XB4A.DE and XESD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer