EXS2.DE vs. XB4A.DE
EXS2.DE (iShares TecDAX UCITS ETF (DE)) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - EXS2.DE tracks the TecDAX® while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, EXS2.DE returned 8.08%/yr vs 14.60%/yr for XB4A.DE. A 0.57 correlation means they provide meaningful diversification when combined. EXS2.DE charges 0.51%/yr vs 0.25%/yr for XB4A.DE.
Performance
EXS2.DE vs. XB4A.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 XB4A.DE's 22.80% return. Over the past 10 years, EXS2.DE has underperformed XB4A.DE with an annualized return of 8.08%, while XB4A.DE has yielded a comparatively higher 14.60% 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%
XB4A.DE
- 1D
- -1.41%
- 1M
- -2.86%
- 6M
- 19.27%
- YTD
- 22.80%
- 1Y
- 45.21%
- 3Y*
- 30.57%
- 5Y*
- 17.80%
- 10Y*
- 14.60%
EXS2.DE vs. XB4A.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% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 22.80% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between EXS2.DE and XB4A.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2011 | 0.57 |
The correlation between EXS2.DE and XB4A.DE has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
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Return for Risk
EXS2.DE vs. XB4A.DE — Risk / Return Rank
EXS2.DE
XB4A.DE
EXS2.DE vs. XB4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.DE) and Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.43 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 4.13 | -4.48 |
| Martin ratioReturn relative to average drawdown | -0.68 | 13.97 | -14.65 |
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Drawdowns
EXS2.DE vs. XB4A.DE - Drawdown Comparison
The maximum EXS2.DE drawdown since its inception was -61.61%, which is greater than XB4A.DE's maximum drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for EXS2.DE and XB4A.DE.
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Drawdown Indicators
| EXS2.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.61% | -53.54% | -8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -15.38% | -10.88% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -16.26% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.97% | -32.50% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | -53.54% | +18.57% |
Current DrawdownCurrent decline from peak | -11.13% | -3.43% | -7.70% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -9.88% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 3.23% | +4.40% |
Volatility
EXS2.DE vs. XB4A.DE - Volatility Comparison
The current volatility for iShares TecDAX UCITS ETF (DE) (EXS2.DE) is 4.72%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.97%. This indicates that EXS2.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.97% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 14.95% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.33% | 17.66% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 19.15% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 20.15% | -0.82% |
EXS2.DE vs. XB4A.DE - Expense Ratio Comparison
EXS2.DE has a 0.51% expense ratio, which is higher than XB4A.DE's 0.25% expense ratio.
Dividends
EXS2.DE vs. XB4A.DE - Dividend Comparison
Neither EXS2.DE nor XB4A.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% |
XB4A.DE Xtrackers ATX 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
EXS2.DE and XB4A.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XB4A.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE is cheaper with a 0.25% expense ratio, compared with 0.51% for EXS2.DE.
EXS2.DE tracks TecDAX®, while XB4A.DE tracks ATX Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.51% for EXS2.DE and 0.25% for XB4A.DE.
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