XESP.DE vs. D5BL.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds from Xtrackers - XESP.DE tracks the Solactive Spain 40 while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 14.60%/yr for D5BL.DE. Their correlation of 0.83 suggests significant overlap in exposure. XESP.DE charges 0.30%/yr vs 0.15%/yr for D5BL.DE.
Performance
XESP.DE vs. D5BL.DE - 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 lower than D5BL.DE's 13.85% 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*
- —
D5BL.DE
- 1D
- -0.38%
- 1M
- 4.90%
- YTD
- 13.85%
- 6M
- 17.13%
- 1Y
- 33.04%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
XESP.DE vs. D5BL.DE - 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% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | -4.63% | 26.83% | -8.58% | 22.90% | -13.98% | 3.80% |
Correlation
The correlation between XESP.DE and D5BL.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.83 |
The correlation between XESP.DE and D5BL.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. D5BL.DE — Risk / Return Rank
XESP.DE
D5BL.DE
XESP.DE vs. D5BL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.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.
| XESP.DE | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.28 | +0.23 |
| Martin ratioReturn relative to average drawdown | 12.31 | 12.52 | -0.21 |
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 | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.28 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.93 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.48 | +0.07 |
Drawdowns
XESP.DE vs. D5BL.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, roughly equal to the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for XESP.DE and D5BL.DE.
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Drawdown Indicators
| XESP.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -40.40% | +1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -10.02% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -17.36% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -19.58% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.40% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.22% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -7.23% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.63% | +0.28% |
Volatility
XESP.DE vs. D5BL.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESP.DE) is 4.48%, while Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a volatility of 4.83%. This indicates that XESP.DE experiences smaller price fluctuations and is considered to be less risky than D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 4.83% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 11.54% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 14.44% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 15.59% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 17.76% | +1.02% |
XESP.DE vs. D5BL.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than D5BL.DE's 0.15% expense ratio.
Dividends
XESP.DE vs. D5BL.DE - Dividend Comparison
Neither XESP.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and D5BL.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE tracks Solactive Spain 40, while D5BL.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.30% for XESP.DE and 0.15% for D5BL.DE.
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