XESP.DE vs. EXSH.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while EXSH.DE tracks the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 12.78%/yr for EXSH.DE. A 0.80 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.32%/yr for EXSH.DE.
Performance
XESP.DE vs. EXSH.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 EXSH.DE's 13.96% return.
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
EXSH.DE
- 1D
- 0.47%
- 1M
- 2.07%
- YTD
- 13.96%
- 6M
- 19.08%
- 1Y
- 32.09%
- 3Y*
- 23.40%
- 5Y*
- 12.78%
- 10Y*
- 10.31%
XESP.DE vs. EXSH.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% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 13.96% | 44.94% | 5.72% | 10.87% | -9.92% | 23.55% | -9.64% | 27.73% | -4.87% | 1.41% |
Correlation
The correlation between XESP.DE and EXSH.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.80 |
The correlation between XESP.DE and EXSH.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. EXSH.DE — Risk / Return Rank
XESP.DE
EXSH.DE
XESP.DE vs. EXSH.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 STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 4.85 | -1.34 |
| Martin ratioReturn relative to average drawdown | 12.31 | 16.10 | -3.79 |
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 | EXSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.69 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.86 | +0.26 |
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 | 0.32 | +0.23 |
Drawdowns
XESP.DE vs. EXSH.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, smaller than the maximum EXSH.DE drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for XESP.DE and EXSH.DE.
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Drawdown Indicators
| XESP.DE | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -70.20% | +31.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -6.65% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -14.43% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -22.98% | +4.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.34% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.87% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -22.15% | +14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.01% | +0.90% |
Volatility
XESP.DE vs. EXSH.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) at 3.90%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.90% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 9.77% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 11.99% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 14.61% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 17.15% | +1.63% |
XESP.DE vs. EXSH.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is lower than EXSH.DE's 0.32% expense ratio.
Dividends
XESP.DE vs. EXSH.DE - Dividend Comparison
XESP.DE has not paid dividends to shareholders, while EXSH.DE's dividend yield for the trailing twelve months is around 4.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.47% | 5.15% | 5.86% | 6.39% | 6.06% | 3.77% | 3.58% | 4.50% | 4.42% | 5.03% | 4.99% | 3.96% |
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 EXSH.DE have a correlation of 0.76, 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 0.32% for EXSH.DE.
XESP.DE tracks Solactive Spain 40, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESP.DE and 0.32% for EXSH.DE.
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