EXS1.DE vs. FGM
EXS1.DE (iShares Core DAX UCITS ETF (DE)) and FGM (First Trust Germany AlphaDEX Fund) are both Europe Equities funds - EXS1.DE tracks the DAX® while FGM tracks the NASDAQ AlphaDEX Germany Index. Both are passively managed. Over the past 10 years, EXS1.DE returned 8.88%/yr vs 7.60%/yr for FGM. A 0.68 correlation means they provide meaningful diversification when combined. EXS1.DE charges 0.16%/yr vs 0.80%/yr for FGM.
Performance
EXS1.DE vs. FGM - Performance Comparison
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Different Trading Currencies
EXS1.DE is traded in EUR, while FGM is traded in USD. To make them comparable, the FGM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXS1.DE achieves a 1.33% return, which is significantly lower than FGM's 4.38% return. Over the past 10 years, EXS1.DE has outperformed FGM with an annualized return of 8.88%, while FGM has yielded a comparatively lower 7.60% annualized return.
EXS1.DE
- 1D
- 0.59%
- 1M
- 0.00%
- YTD
- 1.33%
- 6M
- 3.41%
- 1Y
- 2.03%
- 3Y*
- 15.45%
- 5Y*
- 9.09%
- 10Y*
- 8.88%
FGM
- 1D
- -1.03%
- 1M
- -2.75%
- YTD
- 4.38%
- 6M
- 7.72%
- 1Y
- 15.10%
- 3Y*
- 18.28%
- 5Y*
- 4.98%
- 10Y*
- 7.60%
EXS1.DE vs. FGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS1.DE iShares Core DAX UCITS ETF (DE) | 1.33% | 22.63% | 18.07% | 19.45% | -12.79% | 15.16% | 2.98% | 24.67% | -18.48% | 12.30% |
FGM First Trust Germany AlphaDEX Fund | 4.38% | 44.18% | 8.06% | 9.89% | -26.15% | 14.03% | 7.60% | 23.49% | -21.63% | 26.55% |
Correlation
The correlation between EXS1.DE and FGM is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2012 | 0.68 |
The correlation between EXS1.DE and FGM has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
EXS1.DE vs. FGM — Risk / Return Rank
EXS1.DE
FGM
EXS1.DE vs. FGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core DAX UCITS ETF (DE) (EXS1.DE) and First Trust Germany AlphaDEX Fund (FGM). 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.
| EXS1.DE | FGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.97 | -0.79 |
| Martin ratioReturn relative to average drawdown | 0.57 | 3.30 | -2.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXS1.DE | FGM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.82 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.23 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.36 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.41 | -0.19 |
Drawdowns
EXS1.DE vs. FGM - Drawdown Comparison
The maximum EXS1.DE drawdown since its inception was -68.00%, which is greater than FGM's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for EXS1.DE and FGM.
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Drawdown Indicators
| EXS1.DE | FGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.00% | -45.58% | -22.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -15.56% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -17.62% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.69% | -39.45% | +12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -45.58% | +6.90% |
Current DrawdownCurrent decline from peak | -2.23% | -6.16% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -10.42% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 4.60% | -0.61% |
Volatility
EXS1.DE vs. FGM - Volatility Comparison
iShares Core DAX UCITS ETF (DE) (EXS1.DE) and First Trust Germany AlphaDEX Fund (FGM) have volatilities of 5.16% and 4.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXS1.DE | FGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.96% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 15.37% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 18.46% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 21.61% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 21.24% | -2.88% |
EXS1.DE vs. FGM - Expense Ratio Comparison
EXS1.DE has a 0.16% expense ratio, which is lower than FGM's 0.80% expense ratio.
Dividends
EXS1.DE vs. FGM - Dividend Comparison
EXS1.DE has not paid dividends to shareholders, while FGM's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FGM First Trust Germany AlphaDEX Fund | 0.65% | 0.66% | 2.56% | 2.82% | 5.44% | 1.43% | 1.33% | 2.30% | 2.18% | 2.11% | 1.33% | 1.13% |
Frequently Asked Questions
EXS1.DE and FGM have a correlation of 0.65, 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 0.80% for FGM.
EXS1.DE tracks DAX®, while FGM tracks NASDAQ AlphaDEX Germany Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.16% for EXS1.DE and 0.80% for FGM.
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