XB4A.DE vs. XESP.DE
XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - XB4A.DE tracks the ATX Index while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, XB4A.DE returned 15.98%/yr vs 13.60%/yr for XESP.DE. A 0.70 correlation means they provide meaningful diversification when combined. XB4A.DE charges 0.25%/yr vs 0.30%/yr for XESP.DE.
Performance
XB4A.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XB4A.DE achieves a 26.47% return, which is significantly higher than XESP.DE's 17.40% return. Over the past 10 years, XB4A.DE has outperformed XESP.DE with an annualized return of 15.98%, while XESP.DE has yielded a comparatively lower 13.60% 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%
XESP.DE
- 1D
- 1.01%
- 1M
- 10.02%
- 6M
- 16.19%
- YTD
- 17.40%
- 1Y
- 46.79%
- 3Y*
- 31.60%
- 5Y*
- 21.32%
- 10Y*
- 13.60%
XB4A.DE vs. XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 17.40% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between XB4A.DE and XESP.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 Nov 11, 2011 | 0.70 |
The correlation between XB4A.DE and XESP.DE has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
XB4A.DE vs. XESP.DE — Risk / Return Rank
XB4A.DE
XESP.DE
XB4A.DE vs. XESP.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 (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.
| XB4A.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 4.58 | +0.15 |
| Martin ratioReturn relative to average drawdown | 16.12 | 16.27 | -0.15 |
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Drawdowns
XB4A.DE vs. XESP.DE - Drawdown Comparison
The maximum XB4A.DE drawdown since its inception was -53.54%, which is greater than XESP.DE's maximum drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for XB4A.DE and XESP.DE.
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Drawdown Indicators
| XB4A.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -40.70% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -10.17% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -12.92% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | -18.56% | -13.94% |
Max Drawdown (10Y)Largest decline over 10 years | -53.54% | -39.03% | -14.51% |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -10.04% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.87% | +0.33% |
Volatility
XB4A.DE vs. XESP.DE - Volatility Comparison
Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a higher volatility of 6.08% compared to Xtrackers Spanish Equity UCITS ETF (XESP.DE) at 4.15%. This indicates that XB4A.DE's price experiences larger fluctuations and is considered to be riskier 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
| XB4A.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 4.15% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 14.49% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 16.94% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 16.71% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 18.38% | +1.83% |
XB4A.DE vs. XESP.DE - Expense Ratio Comparison
XB4A.DE has a 0.25% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
XB4A.DE vs. XESP.DE - Dividend Comparison
Neither XB4A.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
XB4A.DE and XESP.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 XESP.DE.
XB4A.DE tracks ATX Index, while XESP.DE tracks Solactive Spain 40. Their fees differ too: 0.25% for XB4A.DE and 0.30% for XESP.DE.
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