DX2X.DE vs. EUN0.DE
DX2X.DE (Xtrackers Stoxx Europe 600 UCITS ETF (Acc)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - DX2X.DE tracks the STOXX Europe 600 Index while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, DX2X.DE returned 10.22%/yr vs 7.22%/yr for EUN0.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
DX2X.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2X.DE achieves a 12.30% return, which is significantly higher than EUN0.DE's 9.17% return. Over the past 10 years, DX2X.DE has outperformed EUN0.DE with an annualized return of 10.22%, while EUN0.DE has yielded a comparatively lower 7.22% annualized return.
DX2X.DE
- 1D
- 0.80%
- 1M
- 5.43%
- 6M
- 11.55%
- YTD
- 12.30%
- 1Y
- 23.23%
- 3Y*
- 15.47%
- 5Y*
- 10.46%
- 10Y*
- 10.22%
EUN0.DE
- 1D
- 0.50%
- 1M
- 3.95%
- 6M
- 8.82%
- YTD
- 9.17%
- 1Y
- 11.85%
- 3Y*
- 11.83%
- 5Y*
- 7.46%
- 10Y*
- 7.22%
DX2X.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DX2X.DE Xtrackers Stoxx Europe 600 UCITS ETF (Acc) | 12.30% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 9.17% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | -4.02% | 24.18% | -4.36% | 9.14% |
Correlation
The correlation between DX2X.DE and EUN0.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2013 | 0.87 |
Over the past year, the correlation between DX2X.DE and EUN0.DE has dropped to 0.66 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
DX2X.DE vs. EUN0.DE — Risk / Return Rank
DX2X.DE
EUN0.DE
DX2X.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| DX2X.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.65 | +0.71 |
| Martin ratioReturn relative to average drawdown | 9.49 | 5.07 | +4.42 |
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Drawdowns
DX2X.DE vs. EUN0.DE - Drawdown Comparison
The maximum DX2X.DE drawdown since its inception was -36.05%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for DX2X.DE and EUN0.DE.
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Drawdown Indicators
| DX2X.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -30.68% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -7.16% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -10.73% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -19.64% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -30.68% | -5.37% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.67% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.33% | +0.11% |
Volatility
DX2X.DE vs. EUN0.DE - Volatility Comparison
Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.DE) has a higher volatility of 4.18% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 2.30%. This indicates that DX2X.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DX2X.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 2.30% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 7.44% | +3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 8.98% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 11.05% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 12.23% | +3.03% |
DX2X.DE vs. EUN0.DE - Expense Ratio Comparison
Both DX2X.DE and EUN0.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DX2X.DE vs. EUN0.DE - Dividend Comparison
Neither DX2X.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2X.DE and EUN0.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DX2X.DE and EUN0.DE have the same expense ratio: 0.25% per year.
DX2X.DE tracks STOXX Europe 600 Index, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Xtrackers and iShares.
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