XESP.DE vs. ^STOXX
XESP.DE (Xtrackers Spanish Equity UCITS ETF) is Europe Equities fund tracking the Solactive Spain 40, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 5 years, XESP.DE returned 18.91%/yr vs 6.65%/yr for ^STOXX. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
XESP.DE vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, XESP.DE achieves a 7.33% return, which is significantly higher than ^STOXX's 5.45% return.
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
^STOXX
- 1D
- 0.52%
- 1M
- 2.42%
- YTD
- 5.45%
- 6M
- 7.88%
- 1Y
- 13.33%
- 3Y*
- 10.73%
- 5Y*
- 6.65%
- 10Y*
- 6.19%
XESP.DE vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -12.41% | -1.69% |
^STOXX STOXX Europe 600 Index | 5.45% | 16.66% | 5.98% | 12.73% | -12.90% | 22.25% | -4.04% | 23.16% | -13.24% | 2.37% |
Correlation
The correlation between XESP.DE and ^STOXX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
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 | 0.80 |
The correlation between XESP.DE and ^STOXX has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. ^STOXX — Risk / Return Rank
XESP.DE
^STOXX
XESP.DE vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and STOXX Europe 600 Index (^STOXX). 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.
| XESP.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.20 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.37 | +2.14 |
| Martin ratioReturn relative to average drawdown | 12.31 | 4.91 | +7.40 |
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
| XESP.DE | ^STOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.07 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.47 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.31 | +0.25 |
Drawdowns
XESP.DE vs. ^STOXX - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, smaller than the maximum ^STOXX drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for XESP.DE and ^STOXX.
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Drawdown Indicators
| XESP.DE | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -61.04% | +22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -9.56% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -16.56% | +3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -22.55% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.55% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.48% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -16.77% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.67% | +0.24% |
Volatility
XESP.DE vs. ^STOXX - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to STOXX Europe 600 Index (^STOXX) at 3.63%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XESP.DE | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.63% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 10.21% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 12.22% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 13.98% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 15.31% | +3.47% |
Frequently Asked Questions
XESP.DE and ^STOXX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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