BRIC.AS vs. EXSE.DE
BRIC.AS (iShares BIC 50 UCITS ETF) and EXSE.DE (iShares STOXX Europe Small 200 UCITS ETF (DE)) are both exchange-traded funds - BRIC.AS is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index, while EXSE.DE is a Europe Equities fund tracking the STOXX® Europe Small 200. Both are passively managed. Over the past 10 years, BRIC.AS returned 2.05%/yr vs 8.36%/yr for EXSE.DE. A 0.57 correlation means they provide meaningful diversification when combined. BRIC.AS charges 0.74%/yr vs 0.20%/yr for EXSE.DE.
Performance
BRIC.AS vs. EXSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BRIC.AS achieves a -16.10% return, which is significantly lower than EXSE.DE's 6.76% return. Over the past 10 years, BRIC.AS has underperformed EXSE.DE with an annualized return of 2.05%, while EXSE.DE has yielded a comparatively higher 8.36% annualized return.
BRIC.AS
- 1D
- -2.87%
- 1M
- -9.79%
- YTD
- -16.10%
- 6M
- -16.03%
- 1Y
- -11.96%
- 3Y*
- 3.10%
- 5Y*
- -9.03%
- 10Y*
- 2.05%
EXSE.DE
- 1D
- 0.10%
- 1M
- -0.90%
- YTD
- 6.76%
- 6M
- 8.24%
- 1Y
- 16.56%
- 3Y*
- 12.41%
- 5Y*
- 3.16%
- 10Y*
- 8.36%
BRIC.AS vs. EXSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | -16.10% | 15.29% | 19.91% | -10.17% | -24.74% | -17.47% | 9.83% | 24.15% | -4.06% | 20.26% |
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 6.76% | 18.59% | 2.82% | 12.10% | -24.02% | 22.03% | 4.28% | 30.57% | -13.90% | 17.39% |
Correlation
The correlation between BRIC.AS and EXSE.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2007 | 0.57 |
Over the past year, the correlation between BRIC.AS and EXSE.DE has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
BRIC.AS vs. EXSE.DE — Risk / Return Rank
BRIC.AS
EXSE.DE
BRIC.AS vs. EXSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BIC 50 UCITS ETF (BRIC.AS) and iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.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.
| BRIC.AS | EXSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.22 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.59 | -2.08 |
| Martin ratioReturn relative to average drawdown | -1.21 | 5.83 | -7.04 |
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Drawdowns
BRIC.AS vs. EXSE.DE - Drawdown Comparison
The maximum BRIC.AS drawdown since its inception was -73.80%, which is greater than EXSE.DE's maximum drawdown of -62.51%. Use the drawdown chart below to compare losses from any high point for BRIC.AS and EXSE.DE.
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Drawdown Indicators
| BRIC.AS | EXSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -62.51% | -11.29% |
Max Drawdown (1Y)Largest decline over 1 year | -24.22% | -10.37% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -24.22% | -15.61% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -52.42% | -35.33% | -17.09% |
Max Drawdown (10Y)Largest decline over 10 years | -58.58% | -38.08% | -20.50% |
Current DrawdownCurrent decline from peak | -46.01% | -2.29% | -43.72% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -13.80% | -20.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.86% | 2.83% | +7.03% |
Volatility
BRIC.AS vs. EXSE.DE - Volatility Comparison
iShares BIC 50 UCITS ETF (BRIC.AS) has a higher volatility of 6.19% compared to iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) at 4.04%. This indicates that BRIC.AS's price experiences larger fluctuations and is considered to be riskier than EXSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRIC.AS | EXSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 4.04% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 11.32% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 13.67% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 16.98% | +11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 17.02% | +8.57% |
BRIC.AS vs. EXSE.DE - Expense Ratio Comparison
BRIC.AS has a 0.74% expense ratio, which is higher than EXSE.DE's 0.20% expense ratio.
Dividends
BRIC.AS vs. EXSE.DE - Dividend Comparison
BRIC.AS's dividend yield for the trailing twelve months is around 1.74%, less than EXSE.DE's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | 1.74% | 1.78% | 2.75% | 2.64% | 3.71% | 1.56% | 1.49% | 2.06% | 2.99% | 1.98% | 1.84% | 2.72% |
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 3.06% | 2.91% | 2.25% | 2.00% | 2.26% | 1.24% | 1.09% | 1.85% | 2.18% | 3.01% | 2.47% | 2.50% |
Frequently Asked Questions
BRIC.AS and EXSE.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSE.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for BRIC.AS.
BRIC.AS is categorized as Emerging Markets Equities, while EXSE.DE is Europe Equities. BRIC.AS tracks FTSE BIC 50 Net of Tax Index, while EXSE.DE tracks STOXX® Europe Small 200. Their fees differ too: 0.74% for BRIC.AS and 0.20% for EXSE.DE.
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