XESP.DE vs. EUN0.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 7.36%/yr for EUN0.DE. A 0.67 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.25%/yr for EUN0.DE.
Performance
XESP.DE vs. EUN0.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 higher than EUN0.DE's 5.60% 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*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- 0.57%
- YTD
- 5.60%
- 6M
- 6.91%
- 1Y
- 5.46%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
XESP.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 1.38% |
Correlation
The correlation between XESP.DE and EUN0.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.67 |
The correlation between XESP.DE and EUN0.DE shifts across timeframes, from 0.55 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XESP.DE vs. EUN0.DE — Risk / Return Rank
XESP.DE
EUN0.DE
XESP.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.11 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 0.76 | +2.75 |
| Martin ratioReturn relative to average drawdown | 12.31 | 1.97 | +10.33 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.62 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.66 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.63 | -0.08 |
Drawdowns
XESP.DE vs. EUN0.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for XESP.DE and EUN0.DE.
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Drawdown Indicators
| XESP.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -30.68% | -8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -7.16% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -10.73% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -19.64% | +1.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -0.54% | -3.12% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -4.69% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.76% | +0.15% |
Volatility
XESP.DE vs. EUN0.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.03% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 7.20% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 8.77% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 11.02% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 12.51% | +6.27% |
XESP.DE vs. EUN0.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
XESP.DE vs. EUN0.DE - Dividend Comparison
Neither XESP.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and EUN0.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE tracks Solactive Spain 40, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESP.DE and 0.25% for EUN0.DE.
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