XESD.DE vs. EXXX.DE
XESD.DE (Xtrackers Spanish Equity UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - XESD.DE tracks the Solactive Spain 40 while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, XESD.DE returned 12.68%/yr vs 14.37%/yr for EXXX.DE. A 0.73 correlation means they provide meaningful diversification when combined. XESD.DE charges 0.30%/yr vs 0.32%/yr for EXXX.DE.
Performance
XESD.DE vs. EXXX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XESD.DE achieves a 14.62% return, which is significantly lower than EXXX.DE's 24.87% return. Over the past 10 years, XESD.DE has underperformed EXXX.DE with an annualized return of 12.68%, while EXXX.DE has yielded a comparatively higher 14.37% annualized return.
XESD.DE
- 1D
- -0.46%
- 1M
- 2.74%
- 6M
- 11.50%
- YTD
- 14.62%
- 1Y
- 45.76%
- 3Y*
- 30.97%
- 5Y*
- 21.73%
- 10Y*
- 12.68%
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
XESD.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.62% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between XESD.DE and EXXX.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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.73 |
The correlation between XESD.DE and EXXX.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
XESD.DE vs. EXXX.DE — Risk / Return Rank
XESD.DE
EXXX.DE
XESD.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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.
| XESD.DE | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 4.53 | -0.10 |
| Martin ratioReturn relative to average drawdown | 15.65 | 15.24 | +0.40 |
Loading charts...
Drawdowns
XESD.DE vs. EXXX.DE - Drawdown Comparison
The maximum XESD.DE drawdown since its inception was -38.76%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for XESD.DE and EXXX.DE.
Loading charts...
Drawdown Indicators
| XESD.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.76% | -71.43% | +32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.28% | -10.71% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -16.11% | +3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -32.69% | +14.14% |
Max Drawdown (10Y)Largest decline over 10 years | -38.76% | -52.90% | +14.14% |
Current DrawdownCurrent decline from peak | -2.33% | -1.64% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -28.46% | +20.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.19% | -0.27% |
Volatility
XESD.DE vs. EXXX.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESD.DE) is 4.28%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.00%. This indicates that XESD.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XESD.DE | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 5.00% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 14.65% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 17.46% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 19.14% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 19.93% | -1.51% |
XESD.DE vs. EXXX.DE - Expense Ratio Comparison
XESD.DE has a 0.30% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
XESD.DE vs. EXXX.DE - Dividend Comparison
XESD.DE's dividend yield for the trailing twelve months is around 2.34%, less than EXXX.DE's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.34% | 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
XESD.DE and EXXX.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, XESD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESD.DE is cheaper with a 0.30% expense ratio, compared with 0.32% for EXXX.DE.
XESD.DE tracks Solactive Spain 40, while EXXX.DE tracks ATX Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESD.DE and 0.32% for EXXX.DE.
Find the right allocation for XESD.DE and EXXX.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