XESP.DE vs. WTEE.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - XESP.DE tracks the Solactive Spain 40 while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 12.46%/yr for WTEE.DE. A 0.69 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.29%/yr for WTEE.DE.
Performance
XESP.DE vs. WTEE.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 WTEE.DE's 13.70% 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*
- —
WTEE.DE
- 1D
- -0.26%
- 1M
- 1.18%
- YTD
- 13.70%
- 6M
- 16.39%
- 1Y
- 25.85%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
XESP.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | 20.23% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between XESP.DE and WTEE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.69 |
The correlation between XESP.DE and WTEE.DE has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. WTEE.DE — Risk / Return Rank
XESP.DE
WTEE.DE
XESP.DE vs. WTEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESP.DE) and WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.80 | -0.29 |
| Martin ratioReturn relative to average drawdown | 12.31 | 14.72 | -2.41 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.35 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.93 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.08 | -0.53 |
Drawdowns
XESP.DE vs. WTEE.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for XESP.DE and WTEE.DE.
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Drawdown Indicators
| XESP.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -16.45% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -6.78% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -14.12% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -16.45% | -2.14% |
Current DrawdownCurrent decline from peak | -0.54% | -1.96% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -2.65% | -4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.75% | +1.16% |
Volatility
XESP.DE vs. WTEE.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.73% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 8.73% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 10.94% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 14.50% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 14.99% | +3.79% |
XESP.DE vs. WTEE.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than WTEE.DE's 0.29% expense ratio.
Dividends
XESP.DE vs. WTEE.DE - Dividend Comparison
XESP.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XESP.DE and WTEE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEE.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE tracks Solactive Spain 40, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.30% for XESP.DE and 0.29% for WTEE.DE.
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