EXS2.DE vs. IUSQ.DE

Last updated Jun 5, 2026

EXS2.DE (iShares TecDAX UCITS ETF (DE)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - EXS2.DE is a Europe Equities fund tracking the TecDAX®, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, EXS2.DE returned 9.01%/yr vs 12.38%/yr for IUSQ.DE. A 0.68 correlation means they provide meaningful diversification when combined. EXS2.DE charges 0.51%/yr vs 0.20%/yr for IUSQ.DE.

Performance

EXS2.DE vs. IUSQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares TecDAX UCITS ETF (DE) (EXS2.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXS2.DE achieves a 15.70% return, which is significantly higher than IUSQ.DE's 12.65% return. Over the past 10 years, EXS2.DE has underperformed IUSQ.DE with an annualized return of 9.01%, while IUSQ.DE has yielded a comparatively higher 12.38% annualized return.

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%

IUSQ.DE

• 1D: -0.23%
• 1M: 5.01%
• YTD: 12.65%
• 6M: 13.33%
• 1Y: 26.56%
• 3Y*: 17.93%
• 5Y*: 12.42%
• 10Y*: 12.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EXS2.DE vs. IUSQ.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%
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc)	12.65%	9.02%	24.53%	18.57%	-13.58%	29.13%	4.94%	30.14%	-5.97%	9.14%

Correlation

The correlation between EXS2.DE and IUSQ.DE is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 24, 2011	0.68

The correlation between EXS2.DE and IUSQ.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

Return for Risk

EXS2.DE vs. IUSQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXS2.DE

EXS2.DE Risk / Return Rank: 14
EXS2.DE Sharpe Ratio Rank: 15
EXS2.DE Sortino Ratio Rank: 15
EXS2.DE Omega Ratio Rank: 14
EXS2.DE Calmar Ratio Rank: 14
EXS2.DE Martin Ratio Rank: 13

IUSQ.DE

IUSQ.DE Risk / Return Rank: 76
IUSQ.DE Sharpe Ratio Rank: 72
IUSQ.DE Sortino Ratio Rank: 72
IUSQ.DE Omega Ratio Rank: 74
IUSQ.DE Calmar Ratio Rank: 80
IUSQ.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXS2.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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	IUSQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.36	2.31	-1.94
Sortino ratio: Return per unit of downside risk	0.64	3.20	-2.56
Omega ratio: Gain probability vs. loss probability	1.07	1.43	-0.36
Calmar ratio: Return relative to maximum drawdown	0.40	4.08	-3.68
Martin ratio: Return relative to average drawdown	0.80	16.69	-15.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXS2.DE vs. IUSQ.DE - Sharpe Ratio Comparison

The current EXS2.DE Sharpe Ratio is 0.36, which is lower than the IUSQ.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of EXS2.DE and IUSQ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EXS2.DE	IUSQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	2.31	-1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.88	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.82	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.76	-0.62

Drawdowns

EXS2.DE vs. IUSQ.DE - Drawdown Comparison

The maximum EXS2.DE drawdown since its inception was -84.49%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for EXS2.DE and IUSQ.DE.

Drawdown Indicators

	EXS2.DE	IUSQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-84.49%	-33.60%	-50.89%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-6.48%	-9.64%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	-21.25%	+3.32%
Max Drawdown (5Y) Largest decline over 5 years	-34.97%	-21.25%	-13.72%
Max Drawdown (10Y) Largest decline over 10 years	-34.97%	-33.60%	-1.37%
Current Drawdown Current decline from peak	-0.81%	-0.55%	-0.26%
Average Drawdown Average peak-to-trough decline	-39.46%	-4.19%	-35.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.07%	1.59%	+6.48%

Volatility

EXS2.DE vs. IUSQ.DE - Volatility Comparison

iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a higher volatility of 5.29% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.03%. This indicates that EXS2.DE's price experiences larger fluctuations and is considered to be riskier than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXS2.DE	IUSQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	3.03%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	14.25%	8.26%	+5.99%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	11.47%	+6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	13.94%	+4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	15.02%	+4.45%

EXS2.DE vs. IUSQ.DE - Expense Ratio Comparison

EXS2.DE has a 0.51% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.

Dividends

EXS2.DE vs. IUSQ.DE - Dividend Comparison

Neither EXS2.DE nor IUSQ.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IUSQ.DE iShares MSCI ACWI 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

Can I hold both EXS2.DE and IUSQ.DE in my portfolio?

EXS2.DE and IUSQ.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXS2.DE or IUSQ.DE?

On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXS2.DE or IUSQ.DE?

IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.51% for EXS2.DE.

What is the main difference between EXS2.DE and IUSQ.DE?

EXS2.DE is categorized as Europe Equities, while IUSQ.DE is Global Equities. EXS2.DE tracks TecDAX®, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.51% for EXS2.DE and 0.20% for IUSQ.DE.