XESP.DE vs. EXS2.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 3.72%/yr for EXS2.DE. A 0.54 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.51%/yr for EXS2.DE.
Performance
XESP.DE vs. EXS2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XESP.DE achieves a 7.33% return, which is significantly lower than EXS2.DE's 15.70% 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*
- —
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
XESP.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 14.00% |
Correlation
The correlation between XESP.DE and EXS2.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.54 |
The correlation between XESP.DE and EXS2.DE has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XESP.DE vs. EXS2.DE — Risk / Return Rank
XESP.DE
EXS2.DE
XESP.DE vs. EXS2.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 TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.07 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 0.40 | +3.11 |
| Martin ratioReturn relative to average drawdown | 12.31 | 0.80 | +11.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XESP.DE | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.36 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.20 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.14 | +0.42 |
Drawdowns
XESP.DE vs. EXS2.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for XESP.DE and EXS2.DE.
Loading charts...
Drawdown Indicators
| XESP.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -84.49% | +45.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -16.12% | +5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -17.93% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -34.97% | +16.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.97% | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.81% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -39.46% | +32.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 8.07% | -5.16% |
Volatility
XESP.DE vs. EXS2.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESP.DE) is 4.48%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that XESP.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XESP.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 5.29% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 14.25% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 17.83% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 18.80% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 19.47% | -0.69% |
XESP.DE vs. EXS2.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
XESP.DE vs. EXS2.DE - Dividend Comparison
Neither XESP.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XESP.DE and EXS2.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESP.DE is cheaper with a 0.30% expense ratio, compared with 0.51% for EXS2.DE.
XESP.DE tracks Solactive Spain 40, while EXS2.DE tracks TecDAX®. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESP.DE and 0.51% for EXS2.DE.
Find the right allocation for XESP.DE and EXS2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer