ETL.PA vs. DBX8.DE

Last updated Jun 5, 2026

ETL.PA (Eutelsat Communications SA) is a stock, while DBX8.DE (Xtrackers MSCI Korea UCITS ETF 1C) is Asia Pacific Equities fund tracking the MSCI Korea 20/35 Custom. Over the past 10 years, ETL.PA returned -7.67%/yr vs 16.74%/yr for DBX8.DE. At a 0.22 correlation, their price movements are largely independent.

Performance

ETL.PA vs. DBX8.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Eutelsat Communications SA (ETL.PA) and Xtrackers MSCI Korea UCITS ETF 1C (DBX8.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETL.PA achieves a 94.72% return, which is significantly lower than DBX8.DE's 109.21% return. Over the past 10 years, ETL.PA has underperformed DBX8.DE with an annualized return of -7.67%, while DBX8.DE has yielded a comparatively higher 16.74% annualized return.

ETL.PA

• 1D: 1.87%
• 1M: 12.31%
• YTD: 94.72%
• 6M: 61.26%
• 1Y: 22.35%
• 3Y*: -10.76%
• 5Y*: -13.08%
• 10Y*: -7.67%

DBX8.DE

• 1D: -5.08%
• 1M: 16.35%
• YTD: 109.21%
• 6M: 127.53%
• 1Y: 227.59%
• 3Y*: 45.04%
• 5Y*: 19.70%
• 10Y*: 16.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETL.PA vs. DBX8.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETL.PA Eutelsat Communications SA	94.72%	-3.45%	-46.64%	-38.94%	-28.12%	24.58%	-29.96%	-8.65%	-4.30%	11.56%
DBX8.DE Xtrackers MSCI Korea UCITS ETF 1C	109.21%	77.39%	-18.45%	15.93%	-23.95%	-0.54%	30.13%	14.92%	-18.04%	28.39%

Correlation

The correlation between ETL.PA and DBX8.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007	0.22

Return for Risk

ETL.PA vs. DBX8.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETL.PA

ETL.PA Risk / Return Rank: 53
ETL.PA Sharpe Ratio Rank: 51
ETL.PA Sortino Ratio Rank: 56
ETL.PA Omega Ratio Rank: 54
ETL.PA Calmar Ratio Rank: 53
ETL.PA Martin Ratio Rank: 52

DBX8.DE

DBX8.DE Risk / Return Rank: 96
DBX8.DE Sharpe Ratio Rank: 98
DBX8.DE Sortino Ratio Rank: 95
DBX8.DE Omega Ratio Rank: 96
DBX8.DE Calmar Ratio Rank: 97
DBX8.DE Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETL.PA vs. DBX8.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eutelsat Communications SA (ETL.PA) and Xtrackers MSCI Korea UCITS ETF 1C (DBX8.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.

	ETL.PA	DBX8.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.28	5.17	-4.89
Sortino ratio: Return per unit of downside risk	1.06	5.03	-3.97
Omega ratio: Gain probability vs. loss probability	1.13	1.75	-0.62
Calmar ratio: Return relative to maximum drawdown	0.47	10.67	-10.20
Martin ratio: Return relative to average drawdown	0.96	32.63	-31.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETL.PA vs. DBX8.DE - Sharpe Ratio Comparison

The current ETL.PA Sharpe Ratio is 0.28, which is lower than the DBX8.DE Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of ETL.PA and DBX8.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETL.PA	DBX8.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	5.17	-4.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.72	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.11	0.66	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.31	-0.32

Drawdowns

ETL.PA vs. DBX8.DE - Drawdown Comparison

The maximum ETL.PA drawdown since its inception was -93.50%, which is greater than DBX8.DE's maximum drawdown of -68.01%. Use the drawdown chart below to compare losses from any high point for ETL.PA and DBX8.DE.

Drawdown Indicators

	ETL.PA	DBX8.DE	Difference
Max Drawdown Largest peak-to-trough decline	-93.50%	-68.01%	-25.49%
Max Drawdown (1Y) Largest decline over 1 year	-47.04%	-21.19%	-25.85%
Max Drawdown (3Y) Largest decline over 3 years	-81.14%	-30.70%	-50.44%
Max Drawdown (5Y) Largest decline over 5 years	-89.53%	-41.29%	-48.24%
Max Drawdown (10Y) Largest decline over 10 years	-92.45%	-41.89%	-50.56%
Current Drawdown Current decline from peak	-76.44%	-5.82%	-70.62%
Average Drawdown Average peak-to-trough decline	-31.09%	-17.55%	-13.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.06%	6.94%	+16.12%

Volatility

ETL.PA vs. DBX8.DE - Volatility Comparison

Eutelsat Communications SA (ETL.PA) has a higher volatility of 31.36% compared to Xtrackers MSCI Korea UCITS ETF 1C (DBX8.DE) at 17.08%. This indicates that ETL.PA's price experiences larger fluctuations and is considered to be riskier than DBX8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETL.PA	DBX8.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.36%	17.08%	+14.28%
Volatility (6M) Calculated over the trailing 6-month period	51.98%	33.48%	+18.50%
Volatility (1Y) Calculated over the trailing 1-year period	78.89%	43.73%	+35.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.09%	27.53%	+64.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.80%	26.03%	+42.77%

Dividends

ETL.PA vs. DBX8.DE - Dividend Comparison

Neither ETL.PA nor DBX8.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBX8.DE Xtrackers MSCI Korea UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ETL.PA Eutelsat Communications SA	0.00%	0.00%	0.00%	0.00%	13.36%	8.66%	9.61%	8.76%	7.38%	6.27%	5.98%	3.95%

Frequently Asked Questions

Can I hold both ETL.PA and DBX8.DE in my portfolio?

ETL.PA and DBX8.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.