EXS1.DE vs. IUSE.L
EXS1.DE (iShares Core DAX UCITS ETF (DE)) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both exchange-traded funds - EXS1.DE is a Europe Equities fund tracking the DAX®, while IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 10 years, EXS1.DE returned 8.88%/yr vs 12.48%/yr for IUSE.L. A 0.72 correlation means they provide meaningful diversification when combined. EXS1.DE charges 0.16%/yr vs 0.20%/yr for IUSE.L.
Performance
EXS1.DE vs. IUSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, EXS1.DE achieves a 1.33% return, which is significantly lower than IUSE.L's 9.10% return. Over the past 10 years, EXS1.DE has underperformed IUSE.L with an annualized return of 8.88%, while IUSE.L has yielded a comparatively higher 12.48% annualized return.
EXS1.DE
- 1D
- 0.59%
- 1M
- 2.03%
- YTD
- 1.33%
- 6M
- 4.02%
- 1Y
- 2.26%
- 3Y*
- 15.45%
- 5Y*
- 9.09%
- 10Y*
- 8.88%
IUSE.L
- 1D
- 0.01%
- 1M
- 4.39%
- YTD
- 9.10%
- 6M
- 9.70%
- 1Y
- 24.63%
- 3Y*
- 19.47%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
EXS1.DE vs. IUSE.L - 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% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 9.10% | 14.95% | 23.20% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -8.40% | 19.04% |
Correlation
The correlation between EXS1.DE and IUSE.L 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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2010 | 0.72 |
The correlation between EXS1.DE and IUSE.L has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
EXS1.DE vs. IUSE.L — Risk / Return Rank
EXS1.DE
IUSE.L
EXS1.DE vs. IUSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core DAX UCITS ETF (DE) (EXS1.DE) and iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L). 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 | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.38 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.83 | -2.65 |
| Martin ratioReturn relative to average drawdown | 0.57 | 12.09 | -11.53 |
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 | IUSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 2.12 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.69 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.76 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.79 | -0.57 |
Drawdowns
EXS1.DE vs. IUSE.L - Drawdown Comparison
The maximum EXS1.DE drawdown since its inception was -68.00%, which is greater than IUSE.L's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for EXS1.DE and IUSE.L.
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Drawdown Indicators
| EXS1.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.00% | -34.75% | -33.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -8.67% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -18.33% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.69% | -26.23% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -34.75% | -3.93% |
Current DrawdownCurrent decline from peak | -2.23% | -0.55% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -4.31% | -12.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.03% | +1.96% |
Volatility
EXS1.DE vs. IUSE.L - Volatility Comparison
iShares Core DAX UCITS ETF (DE) (EXS1.DE) has a higher volatility of 5.16% compared to iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) at 3.24%. This indicates that EXS1.DE's price experiences larger fluctuations and is considered to be riskier than IUSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXS1.DE | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.24% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 8.53% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 11.58% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 16.00% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 16.33% | +2.03% |
EXS1.DE vs. IUSE.L - Expense Ratio Comparison
EXS1.DE has a 0.16% expense ratio, which is lower than IUSE.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EXS1.DE vs. IUSE.L - Dividend Comparison
Neither EXS1.DE nor IUSE.L has paid dividends to shareholders.
| 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% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXS1.DE and IUSE.L 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.
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 0.20% for IUSE.L.
EXS1.DE is categorized as Europe Equities, while IUSE.L is S&P 500. EXS1.DE tracks DAX®, while IUSE.L tracks S&P 500 EUR Hedged Index. Their fees differ too: 0.16% for EXS1.DE and 0.20% for IUSE.L.
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