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EXS1.DE vs. ESNB.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXS1.DE vs. ESNB.DE

Last updated Jul 16, 2026
Documentation

EXS1.DE (iShares Core DAX UCITS ETF (DE)) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - EXS1.DE tracks the DAX® while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, EXS1.DE returned 9.34%/yr vs -1.86%/yr for ESNB.DE. At a correlation of -0.00, they often move in opposite directions. EXS1.DE charges 0.16%/yr vs 1.38%/yr for ESNB.DE.

Performance

EXS1.DE vs. ESNB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core DAX UCITS ETF (DE) (EXS1.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EXS1.DE achieves a 1.53% return, which is significantly higher than ESNB.DE's -7.20% return.

EXS1.DE

1D
-0.48%
1M
0.41%
6M
-1.62%
YTD
1.53%
1Y
3.40%
3Y*
15.17%
5Y*
9.34%
10Y*
8.97%

ESNB.DE

1D
-0.13%
1M
-0.70%
6M
-5.93%
YTD
-7.20%
1Y
-5.98%
3Y*
-1.71%
5Y*
-1.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXS1.DE vs. ESNB.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EXS1.DE
iShares Core DAX UCITS ETF (DE)		1.53%22.63%18.07%19.45%-12.79%15.16%2.98%24.67%-15.34%
ESNB.DE
Expat Serbia BELEX15 UCITS ETF		-7.20%0.82%0.78%2.90%-8.70%5.74%-3.42%5.43%-7.45%

Correlation

The correlation between EXS1.DE and ESNB.DE is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2018

-0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core DAX UCITS ETF (DE)

Expat Serbia BELEX15 UCITS ETF

Often compared with EXS1.DE:
EXS1.DE vs. SPYEXS1.DE vs. FLSWEXS1.DE vs. SXRT.DEEXS1.DE vs. ^NDXEXS1.DE vs. DAXX.LEXS1.DE vs. ICGA.DEEXS1.DE vs. ^STOXX

Return for Risk

EXS1.DE vs. ESNB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXS1.DE
EXS1.DE Risk / Return Rank: 1313
Overall Rank
EXS1.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
EXS1.DE Sortino Ratio Rank: 1212
Sortino Ratio Rank
EXS1.DE Omega Ratio Rank: 1212
Omega Ratio Rank
EXS1.DE Calmar Ratio Rank: 1313
Calmar Ratio Rank
EXS1.DE Martin Ratio Rank: 1414
Martin Ratio Rank
ESNB.DE
ESNB.DE Risk / Return Rank: 55
Overall Rank
ESNB.DE Sharpe Ratio Rank: 55
Sharpe Ratio Rank
ESNB.DE Sortino Ratio Rank: 55
Sortino Ratio Rank
ESNB.DE Omega Ratio Rank: 44
Omega Ratio Rank
ESNB.DE Calmar Ratio Rank: 55
Calmar Ratio Rank
ESNB.DE Martin Ratio Rank: 44
Martin Ratio Rank
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.

EXS1.DE vs. ESNB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core DAX UCITS ETF (DE) (EXS1.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.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.

EXS1.DEESNB.DEDifference
Sharpe ratioReturn per unit of total volatility
0.21
-0.52

+0.73

Sortino ratioReturn per unit of downside risk
0.41
-0.69

+1.11

Omega ratioGain probability vs. loss probability

1.05

0.91

+0.14

Calmar ratioReturn relative to maximum drawdown

0.27

-0.49

+0.76

Martin ratioReturn relative to average drawdown

0.86

-1.05

+1.90

EXS1.DE vs. ESNB.DE - Sharpe Ratio Comparison

The current EXS1.DE Sharpe Ratio is 0.21, which is higher than the ESNB.DE Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of EXS1.DE and ESNB.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.

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Drawdowns

EXS1.DE vs. ESNB.DE - Drawdown Comparison

The maximum EXS1.DE drawdown since its inception was -55.14%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for EXS1.DE and ESNB.DE.

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Drawdown Indicators

EXS1.DEESNB.DEDifference

Max Drawdown

Largest peak-to-trough decline

-55.14%

-22.77%

-32.37%

Max Drawdown (1Y)

Largest decline over 1 year

-12.39%

-10.40%

-1.99%

Max Drawdown (3Y)

Largest decline over 3 years

-15.93%

-12.60%

-3.33%

Max Drawdown (5Y)

Largest decline over 5 years

-26.69%

-15.85%

-10.84%

Max Drawdown (10Y)

Largest decline over 10 years

-38.68%

—

—

Current Drawdown

Current decline from peak

-3.12%

-13.87%

+10.75%

Average Drawdown

Average peak-to-trough decline

-11.71%

-8.44%

-3.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.96%

4.88%

-0.92%

Volatility

EXS1.DE vs. ESNB.DE - Volatility Comparison

iShares Core DAX UCITS ETF (DE) (EXS1.DE) has a higher volatility of 4.61% compared to Expat Serbia BELEX15 UCITS ETF (ESNB.DE) at 3.07%. This indicates that EXS1.DE's price experiences larger fluctuations and is considered to be riskier than ESNB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EXS1.DEESNB.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

3.07%

+1.54%

Volatility (6M)

Calculated over the trailing 6-month period

13.62%

6.22%

+7.40%

Volatility (1Y)

Calculated over the trailing 1-year period

16.21%

9.76%

+6.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.22%

10.53%

+6.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.11%

12.11%

+6.00%

EXS1.DE vs. ESNB.DE - Expense Ratio Comparison

EXS1.DE has a 0.16% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.

Dividends

EXS1.DE vs. ESNB.DE - Dividend Comparison

Neither EXS1.DE nor ESNB.DE has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ESNB.DE
Expat Serbia BELEX15 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EXS1.DE
iShares Core DAX UCITS ETF (DE)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.51%0.48%0.73%0.66%

Frequently Asked Questions

EXS1.DE and ESNB.DE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EXS1.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EXS1.DE is cheaper with a 0.16% expense ratio, compared with 1.38% for ESNB.DE.

EXS1.DE tracks DAX®, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.16% for EXS1.DE and 1.38% for ESNB.DE.

Portfolio Optimizer

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