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EXS3.DE vs. CSSX5E.MI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXS3.DE vs. CSSX5E.MI

Last updated Jun 4, 2026

EXS3.DE (iShares MDAX UCITS ETF (DE)) and CSSX5E.MI (iShares Core EURO STOXX 50 ETF EUR Acc) are both Europe Equities funds from iShares - EXS3.DE tracks the MDAX® while CSSX5E.MI tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.08%/yr vs 10.41%/yr for CSSX5E.MI. A 0.77 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.10%/yr for CSSX5E.MI.

Performance

EXS3.DE vs. CSSX5E.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MDAX UCITS ETF (DE) (EXS3.DE) and iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with EXS3.DE having a 6.21% return and CSSX5E.MI slightly lower at 6.16%. Over the past 10 years, EXS3.DE has underperformed CSSX5E.MI with an annualized return of 4.08%, while CSSX5E.MI has yielded a comparatively higher 10.41% annualized return.

EXS3.DE

1D
-0.75%
1M
7.35%
YTD
6.21%
6M
11.04%
1Y
5.56%
3Y*
5.75%
5Y*
-1.22%
10Y*
4.08%

CSSX5E.MI

1D
-0.78%
1M
6.04%
YTD
6.16%
6M
8.28%
1Y
15.57%
3Y*
15.01%
5Y*
11.33%
10Y*
10.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXS3.DE vs. CSSX5E.MI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EXS3.DE
iShares MDAX UCITS ETF (DE)		6.21%19.10%-6.45%7.92%-29.11%13.18%8.17%30.28%-18.39%17.41%
CSSX5E.MI
iShares Core EURO STOXX 50 ETF EUR Acc		6.16%23.04%10.93%22.79%-9.22%23.62%-2.24%29.02%-11.96%9.95%

Correlation

The correlation between EXS3.DE and CSSX5E.MI is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Mar 12, 2010

0.77

The correlation between EXS3.DE and CSSX5E.MI has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MDAX UCITS ETF (DE)

iShares Core EURO STOXX 50 ETF EUR Acc

Often compared with EXS3.DE:
EXS3.DE vs. DAXEXS3.DE vs. ^GSPCEXS3.DE vs. FWIA.DEEXS3.DE vs. XLKQ.LEXS3.DE vs. SC0E.DEEXS3.DE vs. SCHGEXS3.DE vs. EHF1.DE
Often compared with CSSX5E.MI:
CSSX5E.MI vs. DBXD.DECSSX5E.MI vs. VWCG.DECSSX5E.MI vs. IWDA.ASCSSX5E.MI vs. LYMD.DECSSX5E.MI vs. SXRV.DECSSX5E.MI vs. KOCSSX5E.MI vs. VUAA.L

Return for Risk

EXS3.DE vs. CSSX5E.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXS3.DE
EXS3.DE Risk / Return Rank: 1414
Overall Rank
EXS3.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
EXS3.DE Sortino Ratio Rank: 1313
Sortino Ratio Rank
EXS3.DE Omega Ratio Rank: 1313
Omega Ratio Rank
EXS3.DE Calmar Ratio Rank: 1414
Calmar Ratio Rank
EXS3.DE Martin Ratio Rank: 1414
Martin Ratio Rank
CSSX5E.MI
CSSX5E.MI Risk / Return Rank: 2929
Overall Rank
CSSX5E.MI Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
CSSX5E.MI Sortino Ratio Rank: 2828
Sortino Ratio Rank
CSSX5E.MI Omega Ratio Rank: 2727
Omega Ratio Rank
CSSX5E.MI Calmar Ratio Rank: 3030
Calmar Ratio Rank
CSSX5E.MI Martin Ratio Rank: 3333
Martin Ratio Rank
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.

EXS3.DE vs. CSSX5E.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.DE) and iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI). 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.

EXS3.DECSSX5E.MIDifference
Sharpe ratioReturn per unit of total volatility
0.30
0.98

-0.68

Sortino ratioReturn per unit of downside risk
0.56
1.54

-0.97

Omega ratioGain probability vs. loss probability

1.07

1.18

-0.12

Calmar ratioReturn relative to maximum drawdown

0.38

1.44

-1.06

Martin ratioReturn relative to average drawdown

1.03

4.84

-3.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXS3.DE vs. CSSX5E.MI - Sharpe Ratio Comparison

The current EXS3.DE Sharpe Ratio is 0.30, which is lower than the CSSX5E.MI Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of EXS3.DE and CSSX5E.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EXS3.DECSSX5E.MIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

0.98

-0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.06

0.64

-0.70

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

0.56

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.41

-0.06

Drawdowns

EXS3.DE vs. CSSX5E.MI - Drawdown Comparison

The maximum EXS3.DE drawdown since its inception was -63.82%, which is greater than CSSX5E.MI's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and CSSX5E.MI.

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Drawdown Indicators

EXS3.DECSSX5E.MIDifference

Max Drawdown

Largest peak-to-trough decline

-63.82%

-38.50%

-25.32%

Max Drawdown (1Y)

Largest decline over 1 year

-14.57%

-10.81%

-3.76%

Max Drawdown (3Y)

Largest decline over 3 years

-18.67%

-16.36%

-2.31%

Max Drawdown (5Y)

Largest decline over 5 years

-40.31%

-23.56%

-16.75%

Max Drawdown (10Y)

Largest decline over 10 years

-40.31%

-38.50%

-1.81%

Current Drawdown

Current decline from peak

-12.42%

-1.24%

-11.18%

Average Drawdown

Average peak-to-trough decline

-14.02%

-7.27%

-6.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.39%

3.21%

+2.18%

Volatility

EXS3.DE vs. CSSX5E.MI - Volatility Comparison

iShares MDAX UCITS ETF (DE) (EXS3.DE) and iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) have volatilities of 5.31% and 5.55%, 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

EXS3.DECSSX5E.MIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.31%

5.55%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

15.24%

12.88%

+2.36%

Volatility (1Y)

Calculated over the trailing 1-year period

18.54%

15.89%

+2.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.36%

17.52%

+1.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.37%

18.32%

+0.05%

EXS3.DE vs. CSSX5E.MI - Expense Ratio Comparison

EXS3.DE has a 0.51% expense ratio, which is higher than CSSX5E.MI's 0.10% expense ratio.

Dividends

EXS3.DE vs. CSSX5E.MI - Dividend Comparison

Neither EXS3.DE nor CSSX5E.MI has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CSSX5E.MI
iShares Core EURO STOXX 50 ETF EUR 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%
EXS3.DE
iShares MDAX UCITS ETF (DE)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.41%0.49%0.53%0.49%

Frequently Asked Questions

EXS3.DE and CSSX5E.MI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSSX5E.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSSX5E.MI is cheaper with a 0.10% expense ratio, compared with 0.51% for EXS3.DE.

EXS3.DE tracks MDAX®, while CSSX5E.MI tracks EURO STOXX® 50. Their fees differ too: 0.51% for EXS3.DE and 0.10% for CSSX5E.MI.

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