XESP.DE vs. ^STOXX

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Spanish Equity UCITS ETF (XESP.DE) and STOXX Europe 600 Index (^STOXX).

XESP.DE is a passively managed fund by Xtrackers that tracks the performance of the Solactive Spain 40. It was launched on Apr 27, 2011.

Performance

XESP.DE vs. ^STOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Spanish Equity UCITS ETF (XESP.DE) and STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

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	2.14%	58.64%	14.65%	26.79%	-1.62%	10.88%	-10.20%	15.86%	-12.41%	-1.69%
^STOXX STOXX Europe 600 Index	0.93%	16.66%	5.98%	12.73%	-12.90%	22.25%	-4.04%	23.16%	-13.24%	2.37%

Returns By Period

In the year-to-date period, XESP.DE achieves a 2.14% return, which is significantly higher than ^STOXX's 0.93% return.

XESP.DE

• 1D: 3.16%
• 1M: -1.34%
• YTD: 2.14%
• 6M: 15.36%
• 1Y: 38.38%
• 3Y*: 28.07%
• 5Y*: 19.38%
• 10Y*: —

^STOXX

• 1D: 2.50%
• 1M: -4.16%
• YTD: 0.93%
• 6M: 5.86%
• 1Y: 10.76%
• 3Y*: 9.29%
• 5Y*: 6.70%
• 10Y*: 6.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

XESP.DE vs. ^STOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XESP.DE

XESP.DE Risk / Return Rank: 90
XESP.DE Sharpe Ratio Rank: 90
XESP.DE Sortino Ratio Rank: 89
XESP.DE Omega Ratio Rank: 89
XESP.DE Calmar Ratio Rank: 92
XESP.DE Martin Ratio Rank: 90

^STOXX

^STOXX Risk / Return Rank: 61
^STOXX Sharpe Ratio Rank: 43
^STOXX Sortino Ratio Rank: 39
^STOXX Omega Ratio Rank: 45
^STOXX Calmar Ratio Rank: 89
^STOXX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	2.07	0.72	+1.35
Sortino ratio Return per unit of downside risk	2.59	1.01	+1.58
Omega ratio Gain probability vs. loss probability	1.39	1.16	+0.23
Calmar ratio Return relative to maximum drawdown	3.54	2.73	+0.81
Martin ratio Return relative to average drawdown	12.58	11.03	+1.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XESP.DE vs. ^STOXX - Sharpe Ratio Comparison

The current XESP.DE Sharpe Ratio is 2.07, which is higher than the ^STOXX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of XESP.DE and ^STOXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XESP.DE	^STOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.72	+1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	0.47	+0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.30	+0.23

Correlation

The correlation between XESP.DE and ^STOXX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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.

Drawdown Indicators

	XESP.DE	^STOXX	Difference
Max Drawdown Largest peak-to-trough decline	-39.02%	-61.04%	+22.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.86%	-12.48%	+0.62%
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 Drawdown Current decline from peak	-4.98%	-5.70%	+0.72%
Average Drawdown Average peak-to-trough decline	-7.47%	-16.84%	+9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.37%	+0.64%

Volatility

XESP.DE vs. ^STOXX - Volatility Comparison

Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 7.32% compared to STOXX Europe 600 Index (^STOXX) at 5.75%. 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.

Volatility by Period

	XESP.DE	^STOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	5.75%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	8.97%	+3.67%
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	14.68%	+3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	13.85%	+2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	15.30%	+3.44%