XESP.DE vs. EXSB.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and EXSB.DE (iShares DivDAX UCITS ETF (DE)) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while EXSB.DE tracks the DivDAX®. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 5.53%/yr for EXSB.DE. A 0.75 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.31%/yr for EXSB.DE.
Performance
XESP.DE vs. EXSB.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 EXSB.DE's 1.54% 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*
- —
EXSB.DE
- 1D
- -0.71%
- 1M
- -0.92%
- YTD
- 1.54%
- 6M
- 3.75%
- 1Y
- 8.12%
- 3Y*
- 9.41%
- 5Y*
- 5.53%
- 10Y*
- 7.59%
XESP.DE vs. EXSB.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% |
EXSB.DE iShares DivDAX UCITS ETF (DE) | 1.54% | 21.72% | 4.26% | 17.02% | -11.05% | 13.58% | 2.20% | 23.19% | -16.62% | 6.57% |
Correlation
The correlation between XESP.DE and EXSB.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.75 |
The correlation between XESP.DE and EXSB.DE shifts across timeframes, from 0.63 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XESP.DE vs. EXSB.DE — Risk / Return Rank
XESP.DE
EXSB.DE
XESP.DE vs. EXSB.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 DivDAX UCITS ETF (DE) (EXSB.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 | EXSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.11 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 0.82 | +2.69 |
| Martin ratioReturn relative to average drawdown | 12.31 | 2.26 | +10.04 |
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 | EXSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.55 | +1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.32 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.34 | +0.21 |
Drawdowns
XESP.DE vs. EXSB.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, smaller than the maximum EXSB.DE drawdown of -60.17%. Use the drawdown chart below to compare losses from any high point for XESP.DE and EXSB.DE.
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Drawdown Indicators
| XESP.DE | EXSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -60.17% | +21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -9.88% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -15.89% | +2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -25.49% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.68% | — |
Current DrawdownCurrent decline from peak | -0.54% | -5.13% | +4.59% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -12.25% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.58% | -0.67% |
Volatility
XESP.DE vs. EXSB.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to iShares DivDAX UCITS ETF (DE) (EXSB.DE) at 3.57%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than EXSB.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 | EXSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.57% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 11.51% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 14.64% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 16.99% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 18.65% | +0.13% |
XESP.DE vs. EXSB.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is lower than EXSB.DE's 0.31% expense ratio.
Dividends
XESP.DE vs. EXSB.DE - Dividend Comparison
XESP.DE has not paid dividends to shareholders, while EXSB.DE's dividend yield for the trailing twelve months is around 3.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSB.DE iShares DivDAX UCITS ETF (DE) | 3.06% | 3.11% | 3.50% | 4.55% | 3.19% | 2.17% | 2.19% | 2.36% | 2.77% | 1.65% | 2.53% | 3.23% |
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 EXSB.DE have a correlation of 0.63, 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 0.31% for EXSB.DE.
XESP.DE tracks Solactive Spain 40, while EXSB.DE tracks DivDAX®. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESP.DE and 0.31% for EXSB.DE.
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