DXSN.DE vs. EXUS.DE
DXSN.DE (Xtrackers ShortDAX Daily Swap UCITS ETF (Acc)) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - DXSN.DE is a Inverse Equities fund tracking the ShortDAX Index, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, DXSN.DE returned -5.37% vs 25.65% for EXUS.DE. At a correlation of -0.83, they often move in opposite directions. DXSN.DE charges 0.40%/yr vs 0.15%/yr for EXUS.DE.
Performance
DXSN.DE vs. EXUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSN.DE achieves a -4.46% return, which is significantly lower than EXUS.DE's 13.41% return.
DXSN.DE
- 1D
- -0.77%
- 1M
- -3.54%
- 6M
- -4.36%
- YTD
- -4.46%
- 1Y
- -5.37%
- 3Y*
- -11.18%
- 5Y*
- -8.40%
- 10Y*
- -11.19%
EXUS.DE
- 1D
- 0.66%
- 1M
- 3.63%
- 6M
- 13.12%
- YTD
- 13.41%
- 1Y
- 25.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXSN.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXSN.DE Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) | -4.46% | -17.17% | -5.18% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 13.41% | 17.80% | 4.15% |
Correlation
The correlation between DXSN.DE and EXUS.DE is -0.83, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | -0.83 |
The correlation between DXSN.DE and EXUS.DE has been stable across timeframes, ranging from -0.83 to -0.83 - a consistent structural relationship.
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Return for Risk
DXSN.DE vs. EXUS.DE — Risk / Return Rank
DXSN.DE
EXUS.DE
DXSN.DE vs. EXUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.
| DXSN.DE | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.38 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 2.94 | -3.34 |
| Martin ratioReturn relative to average drawdown | -0.92 | 11.77 | -12.69 |
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Drawdowns
DXSN.DE vs. EXUS.DE - Drawdown Comparison
The maximum DXSN.DE drawdown since its inception was -92.04%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for DXSN.DE and EXUS.DE.
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Drawdown Indicators
| DXSN.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.04% | -16.21% | -75.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -8.67% | -4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -46.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.91% | — | — |
Current DrawdownCurrent decline from peak | -92.04% | 0.00% | -92.04% |
Average DrawdownAverage peak-to-trough decline | -67.57% | -1.75% | -65.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.17% | +3.63% |
Volatility
DXSN.DE vs. EXUS.DE - Volatility Comparison
Xtrackers ShortDAX Daily Swap UCITS ETF (Acc) (DXSN.DE) has a higher volatility of 4.41% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.18%. This indicates that DXSN.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSN.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.18% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 10.31% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 12.59% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 13.36% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 13.36% | +4.74% |
DXSN.DE vs. EXUS.DE - Expense Ratio Comparison
DXSN.DE has a 0.40% expense ratio, which is higher than EXUS.DE's 0.15% expense ratio.
Dividends
DXSN.DE vs. EXUS.DE - Dividend Comparison
Neither DXSN.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
DXSN.DE and EXUS.DE have a correlation of -0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for DXSN.DE.
DXSN.DE is categorized as Inverse Equities, while EXUS.DE is Global Equities. DXSN.DE tracks ShortDAX Index, while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.40% for DXSN.DE and 0.15% for EXUS.DE.
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