How to invest in Spain using ETFs
How do I invest in Spanish stocks?
The easiest way to invest in the Spanish stock market is to invest in a broad market index. This can be done at low cost by using ETFs.
On the Spanish stock market you'll find 2 indices which are tracked by ETFs.
Besides ETFs on Spain, there are no regional ETFs available with significant weight of Spanish stocks. Even indices on Eurozone countries weight Spain with less than 10%.
Performance of Spanish stocks (IBEX 35)
Indices in comparison
The best indices for ETFs on Spain
For an investment in the Spanish stock market, there are 2 indices available which are tracked by 3 ETFs. On the IBEX 35 index there is 1 ETF. On the Solactive Spain 40 index there are 2 ETFs. The total expense ratio (TER) of ETFs on these indices is around 0.30% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
| IBEX 35 | Spain | 1 ETF | 35 | The IBEX 35 index tracks the 35 largest Spanish stocks. |
| Solactive Spain 40 | Spain | 2 ETFs | 40 | The Solactive Spain 40 index tracks the 40 largest and most liquid Spanish stocks. |
| ETF ISIN | Fund size in m EUR | TER in % | Use of profits | Fund domicile | Replication method | |
|---|---|---|---|---|---|---|
| Xtrackers Spanish Equity UCITS ETF 1DLU0994505336 | 191 | 0.30% p.a. | Distributing | Luxembourg | Full replication | |
| Amundi IBEX 35 UCITS ETF AccFR0010655746 | 79 | 0.30% p.a. | Accumulating | France | Full replication | |
| Xtrackers Spanish Equity UCITS ETF 1CLU0592216393 | 42 | 0.30% p.a. | Accumulating | Luxembourg | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| IBEX 35 | 11.48% | 10.61% | 19.02% | 23.73% | 43.22% | |
| Solactive Spain 40 | 11.66% | 12.74% | 21.83% | 27.30% | 47.54% |
| Index | 2024 in % | 2023 in % | 2022 in % | 2021 in % | 2020 in % | |
|---|---|---|---|---|---|---|
| IBEX 35 | 10.61% | 26.97% | -1.51% | 8.72% | -12.92% | |
| Solactive Spain 40 | 12.74% | 27.01% | -2.15% | 12.34% | -10.36% |
Source: justETF.com; As of 31.03.24; Calculations in EUR based on the largest ETF of the respective index.
The best Spain ETFs
by 1 year return
| 1 | Xtrackers Spanish Equity UCITS ETF 1D | 27.30% |
| 2 | Xtrackers Spanish Equity UCITS ETF 1C | 27.22% |
| 3 | Amundi IBEX 35 UCITS ETF Acc | 23.73% |
The cheapest Spain ETFs
by total expense ratio (TER)
| 1 | Amundi IBEX 35 UCITS ETF Acc | 0.30% p.a. |
| 2 | Xtrackers Spanish Equity UCITS ETF 1C | 0.30% p.a. |
| 3 | Xtrackers Spanish Equity UCITS ETF 1D | 0.30% p.a. |