XESP.DE vs. SC0D.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 11.35%/yr for SC0D.DE. Their correlation of 0.82 suggests significant overlap in exposure. XESP.DE charges 0.30%/yr vs 0.05%/yr for SC0D.DE.
Performance
XESP.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XESP.DE having a 7.33% return and SC0D.DE slightly lower at 7.29%.
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
SC0D.DE
- 1D
- 0.74%
- 1M
- 4.75%
- YTD
- 7.29%
- 6M
- 8.67%
- 1Y
- 15.66%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
XESP.DE vs. SC0D.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% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.05% | 1.83% |
Correlation
The correlation between XESP.DE and SC0D.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
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 | 0.82 |
The correlation between XESP.DE and SC0D.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. SC0D.DE — Risk / Return Rank
XESP.DE
SC0D.DE
XESP.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.43 | +2.08 |
| Martin ratioReturn relative to average drawdown | 12.31 | 4.87 | +7.44 |
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 | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.98 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.64 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.46 | +0.09 |
Drawdowns
XESP.DE vs. SC0D.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, roughly equal to the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for XESP.DE and SC0D.DE.
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Drawdown Indicators
| XESP.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -38.50% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -10.93% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -16.54% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -23.38% | +4.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.53% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -7.22% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.21% | -0.30% |
Volatility
XESP.DE vs. SC0D.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESP.DE) is 4.48%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.94%. This indicates that XESP.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 4.94% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 12.94% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 15.95% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 17.53% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 18.27% | +0.51% |
XESP.DE vs. SC0D.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
XESP.DE vs. SC0D.DE - Dividend Comparison
Neither XESP.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and SC0D.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE tracks Solactive Spain 40, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.30% for XESP.DE and 0.05% for SC0D.DE.
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