XECT.DE vs. XESP.DE
XECT.DE (Xtrackers MSCI Europe Climate Transition UCITS ETF 1C) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - XECT.DE tracks the MSCI Europe NR EUR while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 3 years, XECT.DE returned 11.71%/yr vs 29.01%/yr for XESP.DE. A 0.74 correlation means they provide meaningful diversification when combined. XECT.DE charges 0.12%/yr vs 0.30%/yr for XESP.DE.
Performance
XECT.DE vs. XESP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XECT.DE having a 6.46% return and XESP.DE slightly higher at 6.71%.
XECT.DE
- 1D
- -0.56%
- 1M
- 4.21%
- YTD
- 6.46%
- 6M
- 9.40%
- 1Y
- 14.72%
- 3Y*
- 11.71%
- 5Y*
- —
- 10Y*
- —
XESP.DE
- 1D
- -0.56%
- 1M
- 5.11%
- YTD
- 6.71%
- 6M
- 11.84%
- 1Y
- 35.10%
- 3Y*
- 29.01%
- 5Y*
- 18.77%
- 10Y*
- —
XECT.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XECT.DE Xtrackers MSCI Europe Climate Transition UCITS ETF 1C | 6.46% | 16.87% | 7.18% | 7.63% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 6.71% | 58.64% | 14.65% | 10.69% |
Correlation
The correlation between XECT.DE and XESP.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.74 |
The correlation between XECT.DE and XESP.DE has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
XECT.DE vs. XESP.DE — Risk / Return Rank
XECT.DE
XESP.DE
XECT.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Climate Transition UCITS ETF 1C (XECT.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.
| XECT.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.44 | -2.13 |
| Martin ratioReturn relative to average drawdown | 4.80 | 12.05 | -7.25 |
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
| XECT.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 2.07 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.55 | +0.35 |
Drawdowns
XECT.DE vs. XESP.DE - Drawdown Comparison
The maximum XECT.DE drawdown since its inception was -16.63%, smaller than the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for XECT.DE and XESP.DE.
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Drawdown Indicators
| XECT.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -39.02% | +22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -10.17% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -12.93% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.59% | — |
Current DrawdownCurrent decline from peak | -2.31% | -1.12% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -7.38% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.91% | +0.15% |
Volatility
XECT.DE vs. XESP.DE - Volatility Comparison
Xtrackers MSCI Europe Climate Transition UCITS ETF 1C (XECT.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.DE) have volatilities of 5.02% and 5.00%, 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
| XECT.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 5.00% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 14.03% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 16.89% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.06% | 16.68% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 18.78% | -5.72% |
XECT.DE vs. XESP.DE - Expense Ratio Comparison
XECT.DE has a 0.12% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
XECT.DE vs. XESP.DE - Dividend Comparison
Neither XECT.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
XECT.DE and XESP.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XECT.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XECT.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for XESP.DE.
XECT.DE tracks MSCI Europe NR EUR, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: DWS and Xtrackers. Their fees differ too: 0.12% for XECT.DE and 0.30% for XESP.DE.
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