XDN0.DE vs. XESD.DE
XDN0.DE (Xtrackers MSCI Nordic UCITS ETF 1D) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - XDN0.DE tracks the MSCI Nordic Countries NR EUR while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, XDN0.DE returned 5.54%/yr vs 18.89%/yr for XESD.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
XDN0.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDN0.DE achieves a 8.65% return, which is significantly higher than XESD.DE's 7.26% return.
XDN0.DE
- 1D
- 0.46%
- 1M
- 2.62%
- YTD
- 8.65%
- 6M
- 12.79%
- 1Y
- 11.58%
- 3Y*
- 8.43%
- 5Y*
- 5.54%
- 10Y*
- 8.74%
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
XDN0.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D | 8.65% | 7.27% | -1.40% | 16.42% | -11.37% | 28.46% | 16.10% | 25.04% | -7.71% | -0.49% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | -10.12% | 15.71% | -12.40% | -1.58% |
Correlation
The correlation between XDN0.DE and XESD.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.65 |
The correlation between XDN0.DE and XESD.DE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
XDN0.DE vs. XESD.DE — Risk / Return Rank
XDN0.DE
XESD.DE
XDN0.DE vs. XESD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.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.
| XDN0.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.46 | -2.36 |
| Martin ratioReturn relative to average drawdown | 2.83 | 12.05 | -9.22 |
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
| XDN0.DE | XESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 2.10 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 1.12 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.55 | -0.04 |
Drawdowns
XDN0.DE vs. XESD.DE - Drawdown Comparison
The maximum XDN0.DE drawdown since its inception was -32.67%, smaller than the maximum XESD.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for XDN0.DE and XESD.DE.
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Drawdown Indicators
| XDN0.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.67% | -38.77% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -10.27% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -12.49% | -13.92% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -18.59% | -7.82% |
Max Drawdown (10Y)Largest decline over 10 years | -32.67% | — | — |
Current DrawdownCurrent decline from peak | -1.63% | -0.56% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -7.38% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 2.96% | +1.13% |
Volatility
XDN0.DE vs. XESD.DE - Volatility Comparison
Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) and Xtrackers Spanish Equity UCITS ETF (XESD.DE) have volatilities of 4.36% and 4.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDN0.DE | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.46% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 14.06% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 16.93% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 16.73% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 18.81% | -1.73% |
XDN0.DE vs. XESD.DE - Expense Ratio Comparison
Both XDN0.DE and XESD.DE have an expense ratio of 0.30%.
Dividends
XDN0.DE vs. XESD.DE - Dividend Comparison
XDN0.DE's dividend yield for the trailing twelve months is around 2.49%, which matches XESD.DE's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D | 2.49% | 2.84% | 2.76% | 2.54% | 4.77% | 1.05% | 4.85% | 4.09% | 1.09% | 2.45% | 1.64% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
XDN0.DE and XESD.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XDN0.DE and XESD.DE have the same expense ratio: 0.30% per year.
XDN0.DE tracks MSCI Nordic Countries NR EUR, while XESD.DE tracks Solactive Spain 40.
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