EXS2.DE vs. 540J.DE
EXS2.DE (iShares TecDAX UCITS ETF (DE)) and 540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) are both Europe Equities funds - EXS2.DE tracks the TecDAX® while 540J.DE tracks the MSCI Switzerland. Both are passively managed. Over the past 10 years, EXS2.DE returned 8.08%/yr vs 9.28%/yr for 540J.DE. A 0.60 correlation means they provide meaningful diversification when combined. EXS2.DE charges 0.51%/yr vs 0.25%/yr for 540J.DE.
Performance
EXS2.DE vs. 540J.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS2.DE achieves a 3.65% return, which is significantly lower than 540J.DE's 10.74% return. Over the past 10 years, EXS2.DE has underperformed 540J.DE with an annualized return of 8.08%, while 540J.DE has yielded a comparatively higher 9.28% annualized return.
EXS2.DE
- 1D
- -0.27%
- 1M
- -4.57%
- 6M
- 0.12%
- YTD
- 3.65%
- 1Y
- -5.39%
- 3Y*
- 4.93%
- 5Y*
- 0.19%
- 10Y*
- 8.08%
540J.DE
- 1D
- 1.56%
- 1M
- 4.29%
- 6M
- 9.39%
- YTD
- 10.74%
- 1Y
- 22.37%
- 3Y*
- 11.85%
- 5Y*
- 8.05%
- 10Y*
- 9.28%
EXS2.DE vs. 540J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 3.65% | 5.33% | 1.65% | 13.57% | -26.01% | 21.05% | 6.14% | 22.25% | -3.77% | 39.92% |
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.74% | 18.39% | 3.70% | 10.71% | -12.90% | 29.35% | 1.20% | 35.11% | -4.78% | 7.45% |
Correlation
The correlation between EXS2.DE and 540J.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | 0.60 |
Over the past year, the correlation between EXS2.DE and 540J.DE has dropped to 0.32 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
EXS2.DE vs. 540J.DE — Risk / Return Rank
EXS2.DE
540J.DE
EXS2.DE vs. 540J.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.DE) and Amundi MSCI Switzerland UCITS ETF EUR (540J.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.
| EXS2.DE | 540J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.29 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.86 | -2.21 |
| Martin ratioReturn relative to average drawdown | -0.68 | 6.55 | -7.23 |
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Drawdowns
EXS2.DE vs. 540J.DE - Drawdown Comparison
The maximum EXS2.DE drawdown since its inception was -61.61%, which is greater than 540J.DE's maximum drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for EXS2.DE and 540J.DE.
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Drawdown Indicators
| EXS2.DE | 540J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.61% | -26.00% | -35.61% |
Max Drawdown (1Y)Largest decline over 1 year | -15.38% | -11.98% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -15.78% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -34.97% | -17.64% | -17.33% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | -26.00% | -8.97% |
Current DrawdownCurrent decline from peak | -11.13% | -1.31% | -9.82% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -5.63% | -8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 3.41% | +4.22% |
Volatility
EXS2.DE vs. 540J.DE - Volatility Comparison
iShares TecDAX UCITS ETF (DE) (EXS2.DE) and Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) have volatilities of 4.72% and 4.60%, 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 | 540J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.60% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 11.34% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.33% | 14.08% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 13.73% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 14.05% | +5.28% |
EXS2.DE vs. 540J.DE - Expense Ratio Comparison
EXS2.DE has a 0.51% expense ratio, which is higher than 540J.DE's 0.25% expense ratio.
Dividends
EXS2.DE vs. 540J.DE - Dividend Comparison
Neither EXS2.DE nor 540J.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
Frequently Asked Questions
EXS2.DE and 540J.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.51% for EXS2.DE.
EXS2.DE tracks TecDAX®, while 540J.DE tracks MSCI Switzerland. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.51% for EXS2.DE and 0.25% for 540J.DE.
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