DEAM.DE vs. IUSE.L
DEAM.DE (Invesco MDAX UCITS ETF A) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 5 years, DEAM.DE returned -1.95%/yr vs 10.14%/yr for IUSE.L. A 0.69 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.20%/yr for IUSE.L.
Performance
DEAM.DE vs. IUSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 3.71% return, which is significantly lower than IUSE.L's 7.54% return.
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
DEAM.DE vs. IUSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 18.47% |
Correlation
The correlation between DEAM.DE and IUSE.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.69 |
The correlation between DEAM.DE and IUSE.L shifts across timeframes, from 0.58 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DEAM.DE vs. IUSE.L — Risk / Return Rank
DEAM.DE
IUSE.L
DEAM.DE vs. IUSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.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.
| DEAM.DE | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.26 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.98 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.43 | 7.93 | -7.50 |
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Drawdowns
DEAM.DE vs. IUSE.L - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than IUSE.L's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and IUSE.L.
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Drawdown Indicators
| DEAM.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -34.75% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -8.67% | -6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -18.33% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -26.23% | -13.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.75% | — |
Current DrawdownCurrent decline from peak | -13.92% | -1.97% | -11.95% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -4.25% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 2.16% | +3.20% |
Volatility
DEAM.DE vs. IUSE.L - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 4.94% compared to iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) at 3.05%. This indicates that DEAM.DE's price experiences larger fluctuations and is considered to be riskier than IUSE.L 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 | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.05% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 9.34% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 12.08% | +6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 16.07% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 16.29% | +3.27% |
DEAM.DE vs. IUSE.L - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is lower than IUSE.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DEAM.DE vs. IUSE.L - Dividend Comparison
Neither DEAM.DE nor IUSE.L has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and IUSE.L have a correlation of 0.59, 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 0.20% for IUSE.L.
DEAM.DE is categorized as Europe Equities, while IUSE.L is S&P 500. DEAM.DE tracks MDAX®, while IUSE.L tracks S&P 500 EUR Hedged Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.20% for IUSE.L.
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