XSXE.DE vs. XESP.DE
XSXE.DE (Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - XSXE.DE tracks the STOXX Europe 600 Index (EUR Hedged) while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, XSXE.DE returned 9.89%/yr vs 21.32%/yr for XESP.DE. A 0.80 correlation means they provide meaningful diversification when combined. XSXE.DE charges 0.25%/yr vs 0.30%/yr for XESP.DE.
Performance
XSXE.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSXE.DE achieves a 11.68% return, which is significantly lower than XESP.DE's 17.40% return.
XSXE.DE
- 1D
- 0.64%
- 1M
- 5.20%
- 6M
- 10.95%
- YTD
- 11.68%
- 1Y
- 22.30%
- 3Y*
- 14.79%
- 5Y*
- 9.89%
- 10Y*
- —
XESP.DE
- 1D
- 1.01%
- 1M
- 10.02%
- 6M
- 16.19%
- YTD
- 17.40%
- 1Y
- 46.79%
- 3Y*
- 31.60%
- 5Y*
- 21.32%
- 10Y*
- 13.60%
XSXE.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XSXE.DE Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) | 11.68% | 21.25% | 7.59% | 14.31% | -9.71% | 21.70% | -0.75% | 25.76% | -10.80% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 17.40% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -11.55% |
Correlation
The correlation between XSXE.DE and XESP.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 | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2018 | 0.80 |
The correlation between XSXE.DE and XESP.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
XSXE.DE vs. XESP.DE — Risk / Return Rank
XSXE.DE
XESP.DE
XSXE.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.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.
| XSXE.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 4.58 | -2.26 |
| Martin ratioReturn relative to average drawdown | 8.95 | 16.27 | -7.32 |
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Drawdowns
XSXE.DE vs. XESP.DE - Drawdown Comparison
The maximum XSXE.DE drawdown since its inception was -33.65%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for XSXE.DE and XESP.DE.
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Drawdown Indicators
| XSXE.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -40.70% | +7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -10.17% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.83% | -12.92% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.30% | -18.56% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -10.04% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.87% | -0.39% |
Volatility
XSXE.DE vs. XESP.DE - Volatility Comparison
The current volatility for Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.DE) is 3.09%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.15%. This indicates that XSXE.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
| XSXE.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 4.15% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 14.49% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 16.94% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 16.71% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 18.38% | -2.55% |
XSXE.DE vs. XESP.DE - Expense Ratio Comparison
XSXE.DE has a 0.25% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
XSXE.DE vs. XESP.DE - Dividend Comparison
Neither XSXE.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
XSXE.DE and XESP.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, XSXE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSXE.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XESP.DE.
XSXE.DE tracks STOXX Europe 600 Index (EUR Hedged), while XESP.DE tracks Solactive Spain 40. Their fees differ too: 0.25% for XSXE.DE and 0.30% for XESP.DE.
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