EXS2.DE vs. ^GDAXI
EXS2.DE (iShares TecDAX UCITS ETF (DE)) is Europe Equities fund tracking the TecDAX®, while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, EXS2.DE returned 9.01%/yr vs 9.44%/yr for ^GDAXI. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
EXS2.DE vs. ^GDAXI - Performance Comparison
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Returns By Period
In the year-to-date period, EXS2.DE achieves a 15.70% return, which is significantly higher than ^GDAXI's 1.86% return. Both investments have delivered pretty close results over the past 10 years, with EXS2.DE having a 9.01% annualized return and ^GDAXI not far ahead at 9.44%.
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
^GDAXI
- 1D
- 0.60%
- 1M
- 2.23%
- YTD
- 1.86%
- 6M
- 4.45%
- 1Y
- 2.75%
- 3Y*
- 16.04%
- 5Y*
- 9.71%
- 10Y*
- 9.44%
EXS2.DE vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
^GDAXI DAX Performance Index | 1.86% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
Correlation
The correlation between EXS2.DE and ^GDAXI is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2001 | 0.75 |
The correlation between EXS2.DE and ^GDAXI has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
EXS2.DE vs. ^GDAXI — Risk / Return Rank
EXS2.DE
^GDAXI
EXS2.DE vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.DE) and DAX Performance Index (^GDAXI). 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.
| EXS2.DE | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.22 | +0.18 |
| Martin ratioReturn relative to average drawdown | 0.80 | 0.70 | +0.10 |
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
| EXS2.DE | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.17 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.56 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.51 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.42 | -0.28 |
Drawdowns
EXS2.DE vs. ^GDAXI - Drawdown Comparison
The maximum EXS2.DE drawdown since its inception was -84.49%, which is greater than ^GDAXI's maximum drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for EXS2.DE and ^GDAXI.
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Drawdown Indicators
| EXS2.DE | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.49% | -72.68% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -12.27% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -16.01% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -34.97% | -26.40% | -8.57% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | -38.78% | +3.81% |
Current DrawdownCurrent decline from peak | -0.81% | -1.87% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -39.46% | -14.71% | -24.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 3.92% | +4.15% |
Volatility
EXS2.DE vs. ^GDAXI - Volatility Comparison
iShares TecDAX UCITS ETF (DE) (EXS2.DE) and DAX Performance Index (^GDAXI) have volatilities of 5.29% and 5.14%, 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
| EXS2.DE | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.14% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 12.92% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 15.99% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 17.03% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 18.35% | +1.12% |
Frequently Asked Questions
EXS2.DE and ^GDAXI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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