ASML.AS vs. XXSC.L

Last updated Jun 14, 2026

ASML.AS (ASML Holding N.V.) is a stock, while XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) is Europe Equities fund tracking the MSCI Europe Small Cap NR EUR. Over the past 10 years, ASML.AS returned 35.87%/yr vs 8.07%/yr for XXSC.L. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

ASML.AS vs. XXSC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ASML Holding N.V. (ASML.AS) and Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ASML.AS is traded in EUR, while XXSC.L is traded in GBp. To make them comparable, the XXSC.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ASML.AS achieves a 77.49% return, which is significantly higher than XXSC.L's 7.32% return. Over the past 10 years, ASML.AS has outperformed XXSC.L with an annualized return of 35.87%, while XXSC.L has yielded a comparatively lower 8.07% annualized return.

ASML.AS

• 1D: 3.40%
• 1M: 24.72%
• YTD: 77.49%
• 6M: 76.74%
• 1Y: 147.16%
• 3Y*: 34.95%
• 5Y*: 24.36%
• 10Y*: 35.87%

XXSC.L

• 1D: 1.63%
• 1M: 2.50%
• YTD: 7.32%
• 6M: 10.32%
• 1Y: 13.45%
• 3Y*: 10.99%
• 5Y*: 4.01%
• 10Y*: 8.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASML.AS vs. XXSC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASML.AS ASML Holding N.V.	77.49%	37.08%	0.36%	36.66%	-27.83%	78.74%	52.10%	95.32%	-4.67%	37.45%
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	7.32%	15.90%	5.62%	12.78%	-21.75%	22.90%	4.55%	32.29%	-15.62%	18.49%

Correlation

The correlation between ASML.AS and XXSC.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 17, 2008	0.55

The correlation between ASML.AS and XXSC.L has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

Return for Risk

ASML.AS vs. XXSC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASML.AS

ASML.AS Risk / Return Rank: 96
ASML.AS Sharpe Ratio Rank: 97
ASML.AS Sortino Ratio Rank: 95
ASML.AS Omega Ratio Rank: 94
ASML.AS Calmar Ratio Rank: 97
ASML.AS Martin Ratio Rank: 97

XXSC.L

XXSC.L Risk / Return Rank: 32
XXSC.L Sharpe Ratio Rank: 33
XXSC.L Sortino Ratio Rank: 32
XXSC.L Omega Ratio Rank: 33
XXSC.L Calmar Ratio Rank: 29
XXSC.L Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASML.AS vs. XXSC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding N.V. (ASML.AS) and Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L). 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.

	ASML.AS	XXSC.L	Difference
Sharpe ratio: Return per unit of total volatility	3.47	0.91	+2.56
Sortino ratio: Return per unit of downside risk	3.84	1.36	+2.48
Omega ratio: Gain probability vs. loss probability	1.50	1.17	+0.33
Calmar ratio: Return relative to maximum drawdown	8.87	1.20	+7.68
Martin ratio: Return relative to average drawdown	23.14	4.22	+18.92

ASML.AS vs. XXSC.L - Sharpe Ratio Comparison

The current ASML.AS Sharpe Ratio is 3.47, which is higher than the XXSC.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of ASML.AS and XXSC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASML.AS vs. XXSC.L - Drawdown Comparison

The maximum ASML.AS drawdown since its inception was -56.76%, smaller than the maximum XXSC.L drawdown of -77.06%. Use the drawdown chart below to compare losses from any high point for ASML.AS and XXSC.L.

Drawdown Indicators

	ASML.AS	XXSC.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.76%	-77.06%	+20.30%
Max Drawdown (1Y) Largest decline over 1 year	-15.81%	-9.91%	-5.90%
Max Drawdown (3Y) Largest decline over 3 years	-44.77%	-18.72%	-26.05%
Max Drawdown (5Y) Largest decline over 5 years	-47.93%	-32.83%	-15.10%
Max Drawdown (10Y) Largest decline over 10 years	-47.93%	-42.75%	-5.18%
Current Drawdown Current decline from peak	0.00%	-1.35%	+1.35%
Average Drawdown Average peak-to-trough decline	-14.83%	-21.58%	+6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.09%	2.82%	+3.27%

Volatility

ASML.AS vs. XXSC.L - Volatility Comparison

ASML Holding N.V. (ASML.AS) has a higher volatility of 13.41% compared to Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) at 3.71%. This indicates that ASML.AS's price experiences larger fluctuations and is considered to be riskier than XXSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASML.AS	XXSC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.41%	3.71%	+9.70%
Volatility (6M) Calculated over the trailing 6-month period	31.18%	10.69%	+20.49%
Volatility (1Y) Calculated over the trailing 1-year period	40.46%	13.03%	+27.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.54%	20.97%	+17.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.18%	19.32%	+14.86%

Dividends

ASML.AS vs. XXSC.L - Dividend Comparison

ASML.AS's dividend yield for the trailing twelve months is around 0.46%, while XXSC.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML.AS ASML Holding N.V.	0.46%	0.71%	0.92%	0.87%	1.28%	0.47%	0.64%	1.19%	1.02%	0.83%	0.98%	0.85%
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASML.AS and XXSC.L in my portfolio?

ASML.AS and XXSC.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.