XESP.DE vs. XMME.DE

Last updated Jun 5, 2026

XESP.DE (Xtrackers Spanish Equity UCITS ETF) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - XESP.DE is a Europe Equities fund tracking the Solactive Spain 40, while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 8.66%/yr for XMME.DE. A 0.50 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.18%/yr for XMME.DE.

Performance

XESP.DE vs. XMME.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Spanish Equity UCITS ETF (XESP.DE) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XESP.DE achieves a 7.33% return, which is significantly lower than XMME.DE's 30.06% 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*: —

XMME.DE

• 1D: -1.04%
• 1M: 7.79%
• YTD: 30.06%
• 6M: 31.13%
• 1Y: 51.93%
• 3Y*: 21.36%
• 5Y*: 8.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XESP.DE vs. XMME.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%
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C	30.06%	18.69%	13.82%	5.89%	-15.00%	4.75%	6.57%	21.91%	-11.16%	10.40%

Correlation

The correlation between XESP.DE and XMME.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017	0.50

The correlation between XESP.DE and XMME.DE has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.

Return for Risk

XESP.DE vs. XMME.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XESP.DE

XESP.DE Risk / Return Rank: 66
XESP.DE Sharpe Ratio Rank: 64
XESP.DE Sortino Ratio Rank: 63
XESP.DE Omega Ratio Rank: 63
XESP.DE Calmar Ratio Rank: 71
XESP.DE Martin Ratio Rank: 68

XMME.DE

XMME.DE Risk / Return Rank: 88
XMME.DE Sharpe Ratio Rank: 89
XMME.DE Sortino Ratio Rank: 88
XMME.DE Omega Ratio Rank: 88
XMME.DE Calmar Ratio Rank: 87
XMME.DE Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XESP.DE vs. XMME.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 Emerging Markets UCITS ETF 1C (XMME.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	XMME.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.12	3.00	-0.89
Sortino ratio: Return per unit of downside risk	2.91	3.96	-1.05
Omega ratio: Gain probability vs. loss probability	1.38	1.55	-0.17
Calmar ratio: Return relative to maximum drawdown	3.51	4.98	-1.47
Martin ratio: Return relative to average drawdown	12.31	18.04	-5.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XESP.DE vs. XMME.DE - Sharpe Ratio Comparison

The current XESP.DE Sharpe Ratio is 2.12, which is comparable to the XMME.DE Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of XESP.DE and XMME.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XESP.DE	XMME.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	3.00	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.51	+0.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.45	+0.11

Drawdowns

XESP.DE vs. XMME.DE - Drawdown Comparison

The maximum XESP.DE drawdown since its inception was -39.02%, which is greater than XMME.DE's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for XESP.DE and XMME.DE.

Drawdown Indicators

	XESP.DE	XMME.DE	Difference
Max Drawdown Largest peak-to-trough decline	-39.02%	-31.96%	-7.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.17%	-10.67%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-12.93%	-19.16%	+6.23%
Max Drawdown (5Y) Largest decline over 5 years	-18.59%	-24.38%	+5.79%
Current Drawdown Current decline from peak	-0.54%	-1.04%	+0.50%
Average Drawdown Average peak-to-trough decline	-7.37%	-9.53%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.95%	-0.04%

Volatility

XESP.DE vs. XMME.DE - Volatility Comparison

The current volatility for Xtrackers Spanish Equity UCITS ETF (XESP.DE) is 4.48%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 7.48%. This indicates that XESP.DE experiences smaller price fluctuations and is considered to be less risky than XMME.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XESP.DE	XMME.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	7.48%	-3.00%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	14.90%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	16.86%	17.70%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.68%	16.74%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	18.61%	+0.17%

XESP.DE vs. XMME.DE - Expense Ratio Comparison

XESP.DE has a 0.30% expense ratio, which is higher than XMME.DE's 0.18% expense ratio.

Dividends

XESP.DE vs. XMME.DE - Dividend Comparison

Neither XESP.DE nor XMME.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XESP.DE and XMME.DE in my portfolio?

XESP.DE and XMME.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XESP.DE or XMME.DE?

On fees, XMME.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XESP.DE or XMME.DE?

XMME.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for XESP.DE.

What is the main difference between XESP.DE and XMME.DE?

XESP.DE is categorized as Europe Equities, while XMME.DE is Emerging Markets Equities. XESP.DE tracks Solactive Spain 40, while XMME.DE tracks MSCI Emerging Markets. Their fees differ too: 0.30% for XESP.DE and 0.18% for XMME.DE.