XESP.DE vs. 540J.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and 540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while 540J.DE tracks the MSCI Switzerland. Both are passively managed. Over the past 10 years, XESP.DE returned 14.03%/yr vs 9.92%/yr for 540J.DE. A 0.53 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.25%/yr for 540J.DE.
Performance
XESP.DE vs. 540J.DE - 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 540J.DE's 10.20% return. Over the past 10 years, XESP.DE has outperformed 540J.DE with an annualized return of 14.03%, while 540J.DE has yielded a comparatively lower 9.92% 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%
540J.DE
- 1D
- 0.64%
- 1M
- 4.24%
- YTD
- 10.20%
- 6M
- 10.20%
- 1Y
- 23.68%
- 3Y*
- 12.11%
- 5Y*
- 8.21%
- 10Y*
- 9.92%
XESP.DE vs. 540J.DE - 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% |
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.20% | 18.39% | 3.70% | 10.71% | -12.90% | 29.35% | 1.20% | 35.11% | -4.78% | 7.45% |
Correlation
The correlation between XESP.DE and 540J.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.53 |
The correlation between XESP.DE and 540J.DE shifts across timeframes, from 0.40 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XESP.DE vs. 540J.DE — Risk / Return Rank
XESP.DE
540J.DE
XESP.DE vs. 540J.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and Amundi MSCI Switzerland UCITS ETF EUR (540J.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.
| XESP.DE | 540J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.31 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 1.97 | +2.77 |
| Martin ratioReturn relative to average drawdown | 16.84 | 6.92 | +9.92 |
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Drawdowns
XESP.DE vs. 540J.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -40.70%, which is greater than 540J.DE's maximum drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for XESP.DE and 540J.DE.
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Drawdown Indicators
| XESP.DE | 540J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.70% | -26.00% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -11.98% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -15.78% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -17.64% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | -26.00% | -13.03% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -5.64% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.41% | -0.54% |
Volatility
XESP.DE vs. 540J.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESP.DE) is 4.20%, while Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) has a volatility of 4.55%. This indicates that XESP.DE experiences smaller price fluctuations and is considered to be less risky than 540J.DE 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 | 540J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.55% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 10.94% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 13.73% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 13.64% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.44% | 14.06% | +4.38% |
XESP.DE vs. 540J.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than 540J.DE's 0.25% expense ratio.
Dividends
XESP.DE vs. 540J.DE - Dividend Comparison
Neither XESP.DE nor 540J.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and 540J.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE tracks Solactive Spain 40, while 540J.DE tracks MSCI Switzerland. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.30% for XESP.DE and 0.25% for 540J.DE.
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