DEAM.DE vs. EUPE.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both Europe Equities funds - DEAM.DE tracks the MDAX® while EUPE.DE tracks the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 8.60%/yr for EUPE.DE. A 0.73 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.65%/yr for EUPE.DE.
Performance
DEAM.DE vs. EUPE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than EUPE.DE's 15.44% return.
DEAM.DE
- 1D
- 0.22%
- 1M
- 5.09%
- YTD
- 6.73%
- 6M
- 10.46%
- 1Y
- 5.21%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 10Y*
- —
EUPE.DE
- 1D
- 0.35%
- 1M
- 2.78%
- YTD
- 15.44%
- 6M
- 15.60%
- 1Y
- 24.52%
- 3Y*
- 11.71%
- 5Y*
- 8.60%
- 10Y*
- 8.97%
DEAM.DE vs. EUPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -6.03% | 7.33% | -28.80% | 13.67% | 8.05% | 15.51% |
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 15.44% | 12.45% | 2.14% | 12.84% | -6.14% | 25.64% | 2.80% | 16.20% |
Correlation
The correlation between DEAM.DE and EUPE.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.73 |
Over the past year, the correlation between DEAM.DE and EUPE.DE has dropped to 0.45 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
DEAM.DE vs. EUPE.DE — Risk / Return Rank
DEAM.DE
EUPE.DE
DEAM.DE vs. EUPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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.
| DEAM.DE | EUPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 4.19 | -3.83 |
| Martin ratioReturn relative to average drawdown | 0.98 | 11.50 | -10.51 |
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
| DEAM.DE | EUPE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.17 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.65 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.46 | -0.28 |
Drawdowns
DEAM.DE vs. EUPE.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than EUPE.DE's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and EUPE.DE.
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Drawdown Indicators
| DEAM.DE | EUPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -32.64% | -7.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -5.82% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -15.63% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -15.63% | -24.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -11.42% | -3.04% | -8.38% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -4.95% | -11.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 2.13% | +3.13% |
Volatility
DEAM.DE vs. EUPE.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 5.08% compared to Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) at 3.64%. This indicates that DEAM.DE's price experiences larger fluctuations and is considered to be riskier than EUPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEAM.DE | EUPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 3.64% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 8.56% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 11.27% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 13.17% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 14.99% | +4.62% |
DEAM.DE vs. EUPE.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is lower than EUPE.DE's 0.65% expense ratio.
Dividends
DEAM.DE vs. EUPE.DE - Dividend Comparison
Neither DEAM.DE nor EUPE.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and EUPE.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for EUPE.DE.
DEAM.DE tracks MDAX®, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: Invesco and Natixis. Their fees differ too: 0.19% for DEAM.DE and 0.65% for EUPE.DE.
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