XESD.DE vs. XB4A.DE
XESD.DE (Xtrackers Spanish Equity UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds from Xtrackers - XESD.DE tracks the Solactive Spain 40 while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, XESD.DE returned 12.68%/yr vs 14.71%/yr for XB4A.DE. A 0.73 correlation means they provide meaningful diversification when combined. XESD.DE charges 0.30%/yr vs 0.25%/yr for XB4A.DE.
Performance
XESD.DE vs. XB4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XESD.DE achieves a 14.62% return, which is significantly lower than XB4A.DE's 24.81% return. Over the past 10 years, XESD.DE has underperformed XB4A.DE with an annualized return of 12.68%, while XB4A.DE has yielded a comparatively higher 14.71% 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%
XB4A.DE
- 1D
- -0.62%
- 1M
- 1.14%
- 6M
- 22.10%
- YTD
- 24.81%
- 1Y
- 48.60%
- 3Y*
- 31.52%
- 5Y*
- 18.18%
- 10Y*
- 14.71%
XESD.DE vs. XB4A.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% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 24.81% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between XESD.DE and XB4A.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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.73 |
The correlation between XESD.DE and XB4A.DE has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
XESD.DE vs. XB4A.DE — Risk / Return Rank
XESD.DE
XB4A.DE
XESD.DE vs. XB4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESD.DE) and Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.46 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 4.44 | -0.01 |
| Martin ratioReturn relative to average drawdown | 15.65 | 15.07 | +0.58 |
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Drawdowns
XESD.DE vs. XB4A.DE - Drawdown Comparison
The maximum XESD.DE drawdown since its inception was -38.76%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for XESD.DE and XB4A.DE.
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Drawdown Indicators
| XESD.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.76% | -53.54% | +14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.28% | -10.88% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -16.26% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -32.50% | +13.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.76% | -53.54% | +14.78% |
Current DrawdownCurrent decline from peak | -2.33% | -1.85% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -9.88% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.22% | -0.30% |
Volatility
XESD.DE vs. XB4A.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESD.DE) is 4.28%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 5.22%. This indicates that XESD.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 5.22% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 14.88% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 17.61% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 19.15% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 20.15% | -1.73% |
XESD.DE vs. XB4A.DE - Expense Ratio Comparison
XESD.DE has a 0.30% expense ratio, which is higher than XB4A.DE's 0.25% expense ratio.
Dividends
XESD.DE vs. XB4A.DE - Dividend Comparison
XESD.DE's dividend yield for the trailing twelve months is around 2.34%, while XB4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 XB4A.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, XB4A.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESD.DE.
XESD.DE tracks Solactive Spain 40, while XB4A.DE tracks ATX Index. Their fees differ too: 0.30% for XESD.DE and 0.25% for XB4A.DE.
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