EXS2.DE vs. EL42.DE
EXS2.DE (iShares TecDAX UCITS ETF (DE)) and EL42.DE (Deka MSCI Europe UCITS ETF) are both Europe Equities funds - EXS2.DE tracks the TecDAX® while EL42.DE tracks the MSCI Europe. Both are passively managed. Over the past 10 years, EXS2.DE returned 9.01%/yr vs 8.94%/yr for EL42.DE. A 0.67 correlation means they provide meaningful diversification when combined. EXS2.DE charges 0.51%/yr vs 0.30%/yr for EL42.DE.
Performance
EXS2.DE vs. EL42.DE - 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 EL42.DE's 7.59% return. Both investments have delivered pretty close results over the past 10 years, with EXS2.DE having a 9.01% annualized return and EL42.DE not far behind at 8.94%.
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%
EL42.DE
- 1D
- 0.56%
- 1M
- 3.33%
- YTD
- 7.59%
- 6M
- 9.91%
- 1Y
- 16.00%
- 3Y*
- 13.43%
- 5Y*
- 9.71%
- 10Y*
- 8.94%
EXS2.DE vs. EL42.DE - 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% |
EL42.DE Deka MSCI Europe UCITS ETF | 7.59% | 20.03% | 7.79% | 15.64% | -9.11% | 24.38% | -3.36% | 27.36% | -10.93% | 10.10% |
Correlation
The correlation between EXS2.DE and EL42.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2009 | 0.67 |
The correlation between EXS2.DE and EL42.DE has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
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Return for Risk
EXS2.DE vs. EL42.DE — Risk / Return Rank
EXS2.DE
EL42.DE
EXS2.DE vs. EL42.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.DE) and Deka MSCI Europe UCITS ETF (EL42.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.
| EXS2.DE | EL42.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.67 | -1.27 |
| Martin ratioReturn relative to average drawdown | 0.80 | 6.24 | -5.44 |
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 | EL42.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 1.25 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.68 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.57 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.60 | -0.46 |
Drawdowns
EXS2.DE vs. EL42.DE - Drawdown Comparison
The maximum EXS2.DE drawdown since its inception was -84.49%, which is greater than EL42.DE's maximum drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for EXS2.DE and EL42.DE.
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Drawdown Indicators
| EXS2.DE | EL42.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.49% | -35.85% | -48.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -9.57% | -6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -16.42% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -34.97% | -19.44% | -15.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | -35.85% | +0.88% |
Current DrawdownCurrent decline from peak | -0.81% | -1.52% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -39.46% | -5.32% | -34.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 2.56% | +5.51% |
Volatility
EXS2.DE vs. EL42.DE - Volatility Comparison
iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a higher volatility of 5.29% compared to Deka MSCI Europe UCITS ETF (EL42.DE) at 4.22%. This indicates that EXS2.DE's price experiences larger fluctuations and is considered to be riskier than EL42.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXS2.DE | EL42.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.22% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 10.55% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 12.74% | +5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 14.21% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 15.56% | +3.91% |
EXS2.DE vs. EL42.DE - Expense Ratio Comparison
EXS2.DE has a 0.51% expense ratio, which is higher than EL42.DE's 0.30% expense ratio.
Dividends
EXS2.DE vs. EL42.DE - Dividend Comparison
EXS2.DE has not paid dividends to shareholders, while EL42.DE's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL42.DE Deka MSCI Europe UCITS ETF | 2.15% | 2.31% | 2.64% | 2.59% | 2.78% | 2.09% | 1.94% | 2.76% | 3.41% | 2.72% | 3.00% | 2.69% |
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 EL42.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL42.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL42.DE is cheaper with a 0.30% expense ratio, compared with 0.51% for EXS2.DE.
EXS2.DE tracks TecDAX®, while EL42.DE tracks MSCI Europe. They also come from different issuers: iShares and Deka. Their fees differ too: 0.51% for EXS2.DE and 0.30% for EL42.DE.
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