XESP.DE vs. EXXX.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, XESP.DE returned 12.69%/yr vs 14.37%/yr for EXXX.DE. A 0.73 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.32%/yr for EXXX.DE.
Performance
XESP.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XESP.DE achieves a 14.72% return, which is significantly lower than EXXX.DE's 24.87% return. Over the past 10 years, XESP.DE has underperformed EXXX.DE with an annualized return of 12.69%, while EXXX.DE has yielded a comparatively higher 14.37% annualized return.
XESP.DE
- 1D
- -0.30%
- 1M
- 2.82%
- 6M
- 11.75%
- YTD
- 14.72%
- 1Y
- 45.90%
- 3Y*
- 31.04%
- 5Y*
- 21.76%
- 10Y*
- 12.69%
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
XESP.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.72% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between XESP.DE and EXXX.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 | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.73 |
The correlation between XESP.DE and EXXX.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. EXXX.DE — Risk / Return Rank
XESP.DE
EXXX.DE
XESP.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XESP.DE | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 4.53 | -0.04 |
| Martin ratioReturn relative to average drawdown | 15.96 | 15.24 | +0.72 |
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Drawdowns
XESP.DE vs. EXXX.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -40.70%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for XESP.DE and EXXX.DE.
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Drawdown Indicators
| XESP.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.70% | -71.43% | +30.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -10.71% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -16.11% | +3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -32.69% | +14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | -52.90% | +13.87% |
Current DrawdownCurrent decline from peak | -2.29% | -1.64% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -28.46% | +18.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.19% | -0.32% |
Volatility
XESP.DE vs. EXXX.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESP.DE) is 4.47%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.00%. This indicates that XESP.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 5.00% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 14.65% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 17.46% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 19.14% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 19.93% | -1.57% |
XESP.DE vs. EXXX.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
XESP.DE vs. EXXX.DE - Dividend Comparison
XESP.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 2.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
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 EXXX.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 EXXX.DE.
XESP.DE tracks Solactive Spain 40, while EXXX.DE tracks ATX Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESP.DE and 0.32% for EXXX.DE.
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