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 10 years, XESP.DE returned 14.03%/yr vs 7.03%/yr for ^STOXX. Their correlation of 0.80 suggests significant overlap in exposure.
Performance
XESP.DE vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, XESP.DE achieves a 14.86% return, which is significantly higher than ^STOXX's 7.15% return. Over the past 10 years, XESP.DE has outperformed ^STOXX with an annualized return of 14.03%, while ^STOXX has yielded a comparatively lower 7.03% annualized return.
XESP.DE
- 1D
- 0.87%
- 1M
- 6.89%
- YTD
- 14.86%
- 6M
- 15.90%
- 1Y
- 48.43%
- 3Y*
- 32.37%
- 5Y*
- 20.37%
- 10Y*
- 14.03%
^STOXX
- 1D
- 0.08%
- 1M
- 1.14%
- YTD
- 7.15%
- 6M
- 7.89%
- 1Y
- 18.28%
- 3Y*
- 11.91%
- 5Y*
- 6.78%
- 10Y*
- 7.03%
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 | 14.86% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
^STOXX STOXX Europe 600 Index | 7.15% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -13.61% | 7.68% |
Correlation
The correlation between XESP.DE and ^STOXX 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 | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.80 |
The correlation between XESP.DE and ^STOXX has been stable across timeframes, ranging from 0.74 to 0.80 - 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.
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.
| XESP.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.27 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 1.85 | +2.89 |
| Martin ratioReturn relative to average drawdown | 16.84 | 6.73 | +10.12 |
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Drawdowns
XESP.DE vs. ^STOXX - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -40.70%, smaller than the maximum ^STOXX drawdown of -60.54%. 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 | -40.70% | -60.54% | +19.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -9.56% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -16.56% | +3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -22.55% | +3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | -35.55% | -3.48% |
Current DrawdownCurrent decline from peak | -0.10% | -0.65% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -14.59% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.61% | +0.26% |
Volatility
XESP.DE vs. ^STOXX - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.20% compared to STOXX Europe 600 Index (^STOXX) at 2.80%. 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 | 4.20% | 2.80% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 10.28% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 12.23% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 14.20% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.44% | 15.27% | +3.17% |
Frequently Asked Questions
XESP.DE and ^STOXX 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.
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