XESP.DE vs. XSX6.DE
XESP.DE (Xtrackers Spanish Equity UCITS ETF) and XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) are both Europe Equities funds from Xtrackers - XESP.DE tracks the Solactive Spain 40 while XSX6.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 5 years, XESP.DE returned 18.91%/yr vs 9.70%/yr for XSX6.DE. A 0.80 correlation means they provide meaningful diversification when combined. XESP.DE charges 0.30%/yr vs 0.20%/yr for XSX6.DE.
Performance
XESP.DE vs. XSX6.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XESP.DE having a 7.33% return and XSX6.DE slightly higher at 7.40%.
XESP.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 7.33%
- 6M
- 11.53%
- 1Y
- 35.86%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
XSX6.DE
- 1D
- 0.59%
- 1M
- 3.14%
- YTD
- 7.40%
- 6M
- 9.99%
- 1Y
- 16.44%
- 3Y*
- 13.95%
- 5Y*
- 9.70%
- 10Y*
- 9.14%
XESP.DE vs. XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 7.40% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 3.04% |
Correlation
The correlation between XESP.DE and XSX6.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
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 | 0.80 |
The correlation between XESP.DE and XSX6.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
XESP.DE vs. XSX6.DE — Risk / Return Rank
XESP.DE
XSX6.DE
XESP.DE vs. XSX6.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 STOXX Europe 600 UCITS ETF (XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.73 | +1.78 |
| Martin ratioReturn relative to average drawdown | 12.31 | 6.55 | +5.76 |
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 | XSX6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.26 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.66 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.59 | -0.04 |
Drawdowns
XESP.DE vs. XSX6.DE - Drawdown Comparison
The maximum XESP.DE drawdown since its inception was -39.02%, which is greater than XSX6.DE's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for XESP.DE and XSX6.DE.
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Drawdown Indicators
| XESP.DE | XSX6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.02% | -36.05% | -2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -9.46% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -16.37% | +3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -20.84% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.56% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -5.27% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.50% | +0.41% |
Volatility
XESP.DE vs. XSX6.DE - Volatility Comparison
Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a higher volatility of 4.48% compared to Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) at 4.26%. This indicates that XESP.DE's price experiences larger fluctuations and is considered to be riskier than XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 4.26% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 10.73% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 12.95% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 14.44% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 15.61% | +3.17% |
XESP.DE vs. XSX6.DE - Expense Ratio Comparison
XESP.DE has a 0.30% expense ratio, which is higher than XSX6.DE's 0.20% expense ratio.
Dividends
XESP.DE vs. XSX6.DE - Dividend Comparison
Neither XESP.DE nor XSX6.DE has paid dividends to shareholders.
Frequently Asked Questions
XESP.DE and XSX6.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSX6.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSX6.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for XESP.DE.
XESP.DE tracks Solactive Spain 40, while XSX6.DE tracks STOXX® Europe 600. Their fees differ too: 0.30% for XESP.DE and 0.20% for XSX6.DE.
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