XESP.DE vs. SXRY.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, XESP.DE returned 14.03%/yr vs 17.09%/yr for SXRY.DE. Their correlation of 0.81 suggests significant overlap in exposure. XESP.DE charges 0.30%/yr vs 0.33%/yr for SXRY.DE.
Performance
XESP.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XESP.DE achieves a 14.86% return, which is significantly lower than SXRY.DE's 18.23% return. Over the past 10 years, XESP.DE has underperformed SXRY.DE with an annualized return of 14.03%, while SXRY.DE has yielded a comparatively higher 17.09% annualized return.
XESP.DE
- 1D
- 0.87%
- 1M
- 6.89%
- YTD
- 14.86%
- 6M
- 15.90%
- 1Y
- 48.43%
- 3Y*
- 32.37%
- 5Y*
- 20.37%
- 10Y*
- 14.03%
SXRY.DE
- 1D
- 0.23%
- 1M
- 4.00%
- YTD
- 18.23%
- 6M
- 19.05%
- 1Y
- 37.48%
- 3Y*
- 29.61%
- 5Y*
- 20.54%
- 10Y*
- 17.09%
XESP.DE vs. SXRY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.86% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 18.23% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between XESP.DE and SXRY.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.81 |
The correlation between XESP.DE and SXRY.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. SXRY.DE — Risk / Return Rank
XESP.DE
SXRY.DE
XESP.DE vs. SXRY.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 FTSE MIB UCITS ETF (Acc) (SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.41 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 3.85 | +0.89 |
| Martin ratioReturn relative to average drawdown | 16.84 | 14.30 | +2.54 |
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Drawdowns
XESP.DE vs. SXRY.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -40.70%, smaller than the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for XESP.DE and SXRY.DE.
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Drawdown Indicators
| XESP.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.70% | -43.59% | +2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -9.69% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -17.61% | +4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -25.00% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | -40.81% | +1.78% |
Current DrawdownCurrent decline from peak | -0.10% | -1.98% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -11.61% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.61% | +0.26% |
Volatility
XESP.DE vs. SXRY.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.20% compared to iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) at 3.90%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.90% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 12.78% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 15.89% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 18.29% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.44% | 19.65% | -1.21% |
XESP.DE vs. SXRY.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
XESP.DE vs. SXRY.DE - Dividend Comparison
Neither XESP.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and SXRY.DE have a correlation of 0.80, 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 0.33% for SXRY.DE.
XESP.DE tracks Solactive Spain 40, while SXRY.DE tracks FTSE MIB. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XESP.DE and 0.33% for SXRY.DE.
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