XESP.DE vs. EXUS.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - XESP.DE is a Europe Equities fund tracking the Solactive Spain 40, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, XESP.DE returned 35.86% vs 20.10% for EXUS.DE. A 0.70 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.15%/yr for EXUS.DE.
Performance
XESP.DE vs. EXUS.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 EXUS.DE's 9.64% 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*
- —
EXUS.DE
- 1D
- 0.19%
- 1M
- 3.48%
- YTD
- 9.64%
- 6M
- 11.67%
- 1Y
- 20.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XESP.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 8.21% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 9.64% | 17.80% | 5.15% |
Correlation
The correlation between XESP.DE and EXUS.DE is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.70 |
The correlation between XESP.DE and EXUS.DE has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. EXUS.DE — Risk / Return Rank
XESP.DE
EXUS.DE
XESP.DE vs. EXUS.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 World ex USA UCITS ETF 1C USD (EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.30 | +1.21 |
| Martin ratioReturn relative to average drawdown | 12.31 | 9.01 | +3.30 |
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 | EXUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.62 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.10 | -0.55 |
Drawdowns
XESP.DE vs. EXUS.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for XESP.DE and EXUS.DE.
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Drawdown Indicators
| XESP.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -16.21% | -22.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -8.68% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.76% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -1.78% | -5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.23% | +0.68% |
Volatility
XESP.DE vs. EXUS.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.28%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.28% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 10.06% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 12.37% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 13.39% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 13.39% | +5.39% |
XESP.DE vs. EXUS.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than EXUS.DE's 0.15% expense ratio.
Dividends
XESP.DE vs. EXUS.DE - Dividend Comparison
Neither XESP.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and EXUS.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE is categorized as Europe Equities, while EXUS.DE is Global Equities. XESP.DE tracks Solactive Spain 40, while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.30% for XESP.DE and 0.15% for EXUS.DE.
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