EXS3.DE vs. DBXI.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and DBXI.DE (Xtrackers FTSE MIB UCITS ETF) are both Europe Equities funds - EXS3.DE tracks the MDAX® while DBXI.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.04%/yr vs 14.91%/yr for DBXI.DE. A 0.65 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.30%/yr for DBXI.DE.
Performance
EXS3.DE vs. DBXI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS3.DE achieves a 6.43% return, which is significantly lower than DBXI.DE's 14.49% return. Over the past 10 years, EXS3.DE has underperformed DBXI.DE with an annualized return of 4.04%, while DBXI.DE has yielded a comparatively higher 14.91% annualized return.
EXS3.DE
- 1D
- 0.21%
- 1M
- 5.13%
- YTD
- 6.43%
- 6M
- 10.24%
- 1Y
- 4.92%
- 3Y*
- 6.03%
- 5Y*
- -1.18%
- 10Y*
- 4.04%
DBXI.DE
- 1D
- 0.21%
- 1M
- 4.80%
- YTD
- 14.49%
- 6M
- 18.18%
- 1Y
- 30.62%
- 3Y*
- 28.95%
- 5Y*
- 19.73%
- 10Y*
- 14.91%
EXS3.DE vs. DBXI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 6.43% | 19.10% | -6.45% | 7.92% | -29.11% | 13.18% | 8.17% | 30.28% | -18.39% | 17.41% |
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 14.49% | 37.50% | 18.27% | 33.40% | -9.08% | 26.51% | -4.28% | 33.02% | -14.48% | 16.46% |
Correlation
The correlation between EXS3.DE and DBXI.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.65 |
The correlation between EXS3.DE and DBXI.DE has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
EXS3.DE vs. DBXI.DE — Risk / Return Rank
EXS3.DE
DBXI.DE
EXS3.DE vs. DBXI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.DE) and Xtrackers FTSE MIB UCITS ETF (DBXI.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.
| EXS3.DE | DBXI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.17 | -2.83 |
| Martin ratioReturn relative to average drawdown | 0.91 | 11.42 | -10.51 |
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
| EXS3.DE | DBXI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.94 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 1.09 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.75 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.19 | +0.16 |
Drawdowns
EXS3.DE vs. DBXI.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, smaller than the maximum DBXI.DE drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and DBXI.DE.
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Drawdown Indicators
| EXS3.DE | DBXI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -69.49% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -9.62% | -4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -17.56% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -25.10% | -15.21% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -40.46% | +0.15% |
Current DrawdownCurrent decline from peak | -12.23% | -0.77% | -11.46% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -29.56% | +15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.67% | +2.68% |
Volatility
EXS3.DE vs. DBXI.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 4.94% compared to Xtrackers FTSE MIB UCITS ETF (DBXI.DE) at 4.63%. This indicates that EXS3.DE's price experiences larger fluctuations and is considered to be riskier than DBXI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXS3.DE | DBXI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.63% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 12.34% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 15.69% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 18.31% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 20.37% | -2.00% |
EXS3.DE vs. DBXI.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is higher than DBXI.DE's 0.30% expense ratio.
Dividends
EXS3.DE vs. DBXI.DE - Dividend Comparison
EXS3.DE has not paid dividends to shareholders, while DBXI.DE's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 3.63% | 3.93% | 4.53% | 3.78% | 7.45% | 0.94% | 4.23% | 3.33% | 2.66% | 1.94% | 2.51% | 0.15% |
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 DBXI.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXI.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXI.DE is cheaper with a 0.30% expense ratio, compared with 0.51% for EXS3.DE.
EXS3.DE tracks MDAX®, while DBXI.DE tracks FTSE MIB. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.51% for EXS3.DE and 0.30% for DBXI.DE.
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