XZEU.DE vs. XESP.DE
XZEU.DE (Xtrackers MSCI Europe ESG UCITS ETF 1C) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds from Xtrackers - XZEU.DE tracks the MSCI Europe NR EUR while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, XZEU.DE returned 7.48%/yr vs 18.91%/yr for XESP.DE. A 0.74 correlation means they provide meaningful diversification when combined. XZEU.DE charges 0.20%/yr vs 0.30%/yr for XESP.DE.
Performance
XZEU.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEU.DE achieves a 5.81% return, which is significantly lower than XESP.DE's 7.33% return.
XZEU.DE
- 1D
- 0.87%
- 1M
- 2.59%
- YTD
- 5.81%
- 6M
- 8.13%
- 1Y
- 5.92%
- 3Y*
- 10.08%
- 5Y*
- 7.48%
- 10Y*
- —
XESP.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 7.33%
- 6M
- 11.94%
- 1Y
- 34.69%
- 3Y*
- 29.44%
- 5Y*
- 18.91%
- 10Y*
- —
XZEU.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XZEU.DE Xtrackers MSCI Europe ESG UCITS ETF 1C | 5.81% | 8.12% | 11.56% | 16.38% | -13.12% | 25.64% | 0.09% | 29.10% | -11.34% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 7.33% | 58.64% | 14.65% | 26.79% | -1.62% | 10.88% | -10.20% | 15.86% | -15.57% |
Correlation
The correlation between XZEU.DE and XESP.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 14, 2018 | 0.74 |
The correlation between XZEU.DE and XESP.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
XZEU.DE vs. XESP.DE — Risk / Return Rank
XZEU.DE
XESP.DE
XZEU.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.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.
| XZEU.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 3.51 | -2.93 |
| Martin ratioReturn relative to average drawdown | 1.87 | 12.31 | -10.44 |
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
| XZEU.DE | XESP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 2.12 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.12 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.55 | -0.05 |
Drawdowns
XZEU.DE vs. XESP.DE - Drawdown Comparison
The maximum XZEU.DE drawdown since its inception was -33.18%, smaller than the maximum XESP.DE drawdown of -39.02%. Use the drawdown chart below to compare losses from any high point for XZEU.DE and XESP.DE.
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Drawdown Indicators
| XZEU.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.18% | -39.02% | +5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -10.17% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.97% | -12.93% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -18.59% | -3.45% |
Current DrawdownCurrent decline from peak | -0.84% | -0.54% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -7.37% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.91% | +0.32% |
Volatility
XZEU.DE vs. XESP.DE - Volatility Comparison
Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.DE) have volatilities of 4.45% and 4.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEU.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 4.48% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 14.04% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 16.86% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 16.68% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 18.78% | -2.82% |
XZEU.DE vs. XESP.DE - Expense Ratio Comparison
XZEU.DE has a 0.20% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
XZEU.DE vs. XESP.DE - Dividend Comparison
Neither XZEU.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEU.DE and XESP.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEU.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for XESP.DE.
XZEU.DE tracks MSCI Europe NR EUR, while XESP.DE tracks Solactive Spain 40. Their fees differ too: 0.20% for XZEU.DE and 0.30% for XESP.DE.
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