XESD.DE vs. EUN2.DE
XESD.DE (Xtrackers Spanish Equity UCITS ETF) and EUN2.DE (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) are both Europe Equities funds - XESD.DE tracks the Solactive Spain 40 while EUN2.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, XESD.DE returned 18.89%/yr vs 11.50%/yr for EUN2.DE. Their correlation of 0.82 suggests significant overlap in exposure. XESD.DE charges 0.30%/yr vs 0.10%/yr for EUN2.DE.
Performance
XESD.DE vs. EUN2.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XESD.DE having a 7.26% return and EUN2.DE slightly lower at 7.12%.
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
EUN2.DE
- 1D
- 0.76%
- 1M
- 4.55%
- YTD
- 7.12%
- 6M
- 8.58%
- 1Y
- 15.76%
- 3Y*
- 15.61%
- 5Y*
- 11.50%
- 10Y*
- 10.53%
XESD.DE vs. EUN2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 7.12% | 22.24% | 10.97% | 22.70% | -8.84% | 23.49% | -3.00% | 30.05% | -12.00% | 1.96% |
Correlation
The correlation between XESD.DE and EUN2.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.82 |
The correlation between XESD.DE and EUN2.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
XESD.DE vs. EUN2.DE — Risk / Return Rank
XESD.DE
EUN2.DE
XESD.DE vs. EUN2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESD.DE) and iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.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.
| XESD.DE | EUN2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.43 | +2.03 |
| Martin ratioReturn relative to average drawdown | 12.05 | 4.86 | +7.20 |
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
| XESD.DE | EUN2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.99 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.65 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.17 | +0.39 |
Drawdowns
XESD.DE vs. EUN2.DE - Drawdown Comparison
The maximum XESD.DE drawdown since its inception was -38.77%, smaller than the maximum EUN2.DE drawdown of -65.11%. Use the drawdown chart below to compare losses from any high point for XESD.DE and EUN2.DE.
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Drawdown Indicators
| XESD.DE | EUN2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -65.11% | +26.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -10.98% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -16.46% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -23.30% | +4.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.35% | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.57% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -19.35% | +11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.24% | -0.28% |
Volatility
XESD.DE vs. EUN2.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESD.DE) is 4.46%, while iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE) has a volatility of 4.96%. This indicates that XESD.DE experiences smaller price fluctuations and is considered to be less risky than EUN2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XESD.DE | EUN2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 4.96% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 12.88% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 15.93% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 17.46% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 18.23% | +0.58% |
XESD.DE vs. EUN2.DE - Expense Ratio Comparison
XESD.DE has a 0.30% expense ratio, which is higher than EUN2.DE's 0.10% expense ratio.
Dividends
XESD.DE vs. EUN2.DE - Dividend Comparison
XESD.DE's dividend yield for the trailing twelve months is around 2.50%, less than EUN2.DE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.51% | 3.02% | 3.02% | 2.92% | 2.05% | 2.15% | 3.02% | 3.70% | 2.85% | 3.38% | 2.93% |
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% | 0.00% |
Frequently Asked Questions
XESD.DE and EUN2.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN2.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for XESD.DE.
XESD.DE tracks Solactive Spain 40, while EUN2.DE tracks EURO STOXX® 50. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESD.DE and 0.10% for EUN2.DE.
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