XESD.DE vs. VALD.DE
XESD.DE (Xtrackers Spanish Equity UCITS ETF) and VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both Europe Equities funds - XESD.DE tracks the Solactive Spain 40 while VALD.DE tracks the BNP Paribas Value Europe ESG. Both are passively managed. Over the past 5 years, XESD.DE returned 18.89%/yr vs 7.81%/yr for VALD.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
XESD.DE vs. VALD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XESD.DE achieves a 7.26% return, which is significantly lower than VALD.DE's 10.40% return.
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
VALD.DE
- 1D
- 0.88%
- 1M
- 1.88%
- YTD
- 10.40%
- 6M
- 13.48%
- 1Y
- 18.73%
- 3Y*
- 16.67%
- 5Y*
- 7.81%
- 10Y*
- —
XESD.DE vs. VALD.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% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.40% | 23.55% | 9.24% | 14.99% | -19.44% | 23.32% | -12.12% | 17.75% | -12.42% | 6.87% |
Correlation
The correlation between XESD.DE and VALD.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.79 |
The correlation between XESD.DE and VALD.DE has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
XESD.DE vs. VALD.DE — Risk / Return Rank
XESD.DE
VALD.DE
XESD.DE vs. VALD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESD.DE) and BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.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 | VALD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.47 | +0.99 |
| Martin ratioReturn relative to average drawdown | 12.05 | 8.35 | +3.70 |
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 | VALD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.62 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.54 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.39 | +0.16 |
Drawdowns
XESD.DE vs. VALD.DE - Drawdown Comparison
The maximum XESD.DE drawdown since its inception was -38.77%, smaller than the maximum VALD.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for XESD.DE and VALD.DE.
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Drawdown Indicators
| XESD.DE | VALD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -41.02% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -7.54% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -14.17% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -31.14% | +12.55% |
Current DrawdownCurrent decline from peak | -0.56% | -0.96% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -8.18% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.24% | +0.72% |
Volatility
XESD.DE vs. VALD.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a higher volatility of 4.46% compared to BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) at 3.80%. This indicates that XESD.DE's price experiences larger fluctuations and is considered to be riskier than VALD.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 | VALD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 3.80% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 9.29% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 11.54% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 14.41% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 15.89% | +2.92% |
XESD.DE vs. VALD.DE - Expense Ratio Comparison
Both XESD.DE and VALD.DE have an expense ratio of 0.30%.
Dividends
XESD.DE vs. VALD.DE - Dividend Comparison
XESD.DE's dividend yield for the trailing twelve months is around 2.50%, less than VALD.DE's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 3.00% | 3.36% | 3.35% | 3.36% | 3.99% | 2.17% | 5.02% | 4.92% | 4.84% |
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% |
Frequently Asked Questions
XESD.DE and VALD.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XESD.DE and VALD.DE have the same expense ratio: 0.30% per year.
XESD.DE tracks Solactive Spain 40, while VALD.DE tracks BNP Paribas Value Europe ESG. They also come from different issuers: Xtrackers and BNP Paribas.
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