XMVE.DE vs. XESP.DE
XMVE.DE (Xtrackers MSCI EMU ESG Screened UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - XMVE.DE tracks the MSCI EMU Select ESG Screened while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, XMVE.DE returned 9.87%/yr vs 21.68%/yr for XESP.DE. A 0.75 correlation means they provide meaningful diversification when combined. XMVE.DE charges 0.12%/yr vs 0.30%/yr for XESP.DE.
Performance
XMVE.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMVE.DE achieves a 10.01% return, which is significantly lower than XESP.DE's 14.35% return.
XMVE.DE
- 1D
- -0.87%
- 1M
- -2.04%
- 6M
- 6.70%
- YTD
- 10.01%
- 1Y
- 18.74%
- 3Y*
- 14.73%
- 5Y*
- 9.87%
- 10Y*
- —
XESP.DE
- 1D
- -0.40%
- 1M
- 0.13%
- 6M
- 11.00%
- YTD
- 14.35%
- 1Y
- 44.26%
- 3Y*
- 30.80%
- 5Y*
- 21.68%
- 10Y*
- 12.71%
XMVE.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMVE.DE Xtrackers MSCI EMU ESG Screened UCITS ETF | 10.01% | 21.50% | 8.85% | 19.87% | -12.89% | 16.87% | -3.71% | 17.86% | -6.36% | 13.58% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.35% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between XMVE.DE and XESP.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2016 | 0.75 |
The correlation between XMVE.DE and XESP.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
XMVE.DE vs. XESP.DE — Risk / Return Rank
XMVE.DE
XESP.DE
XMVE.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EMU ESG Screened UCITS ETF (XMVE.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.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.
| XMVE.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.46 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 4.33 | -2.48 |
| Martin ratioReturn relative to average drawdown | 6.79 | 15.35 | -8.56 |
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Drawdowns
XMVE.DE vs. XESP.DE - Drawdown Comparison
The maximum XMVE.DE drawdown since its inception was -33.33%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for XMVE.DE and XESP.DE.
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Drawdown Indicators
| XMVE.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -40.70% | +7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -10.17% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.52% | -12.92% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -18.56% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | -2.68% | -2.60% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -10.02% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.88% | -0.13% |
Volatility
XMVE.DE vs. XESP.DE - Volatility Comparison
The current volatility for Xtrackers MSCI EMU ESG Screened UCITS ETF (XMVE.DE) is 3.86%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.27%. This indicates that XMVE.DE experiences smaller price fluctuations and is considered to be less risky than XESP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMVE.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.27% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 14.84% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 17.07% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 16.70% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 18.35% | -2.89% |
XMVE.DE vs. XESP.DE - Expense Ratio Comparison
XMVE.DE has a 0.12% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
XMVE.DE vs. XESP.DE - Dividend Comparison
XMVE.DE's dividend yield for the trailing twelve months is around 2.45%, while XESP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XESP.DE Xtrackers Spanish Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMVE.DE Xtrackers MSCI EMU ESG Screened UCITS ETF | 2.45% | 2.62% | 2.92% | 2.64% | 4.73% | 1.87% | 6.84% | 0.00% | 0.68% |
Frequently Asked Questions
XMVE.DE and XESP.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, XMVE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMVE.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for XESP.DE.
XMVE.DE tracks MSCI EMU Select ESG Screened, while XESP.DE tracks Solactive Spain 40. Their fees differ too: 0.12% for XMVE.DE and 0.30% for XESP.DE.
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