EXS3.DE vs. EUPE.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both Europe Equities funds - EXS3.DE tracks the MDAX® while EUPE.DE tracks the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.04%/yr vs 8.97%/yr for EUPE.DE. A 0.75 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.65%/yr for EUPE.DE.
Performance
EXS3.DE vs. EUPE.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 EUPE.DE's 15.44% return. Over the past 10 years, EXS3.DE has underperformed EUPE.DE with an annualized return of 4.04%, while EUPE.DE has yielded a comparatively higher 8.97% 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%
EUPE.DE
- 1D
- 0.35%
- 1M
- 2.78%
- YTD
- 15.44%
- 6M
- 15.60%
- 1Y
- 24.52%
- 3Y*
- 11.71%
- 5Y*
- 8.60%
- 10Y*
- 8.97%
EXS3.DE vs. EUPE.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% |
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 15.44% | 12.45% | 2.14% | 12.84% | -6.14% | 25.64% | 2.80% | 24.48% | -7.47% | 5.56% |
Correlation
The correlation between EXS3.DE and EUPE.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.75 |
Over the past year, the correlation between EXS3.DE and EUPE.DE has dropped to 0.45 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
EXS3.DE vs. EUPE.DE — Risk / Return Rank
EXS3.DE
EUPE.DE
EXS3.DE vs. EUPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.DE) and Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 4.19 | -3.85 |
| Martin ratioReturn relative to average drawdown | 0.91 | 11.50 | -10.58 |
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 | EUPE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.17 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.65 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.60 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.46 | -0.11 |
Drawdowns
EXS3.DE vs. EUPE.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, which is greater than EUPE.DE's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and EUPE.DE.
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Drawdown Indicators
| EXS3.DE | EUPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -32.64% | -31.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -5.82% | -8.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -15.63% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -15.63% | -24.68% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -32.64% | -7.67% |
Current DrawdownCurrent decline from peak | -12.23% | -3.04% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -4.95% | -9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.13% | +3.22% |
Volatility
EXS3.DE vs. EUPE.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 4.94% compared to Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) at 3.64%. This indicates that EXS3.DE's price experiences larger fluctuations and is considered to be riskier than EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.64% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 8.56% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 11.27% | +7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 13.17% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 14.99% | +3.38% |
EXS3.DE vs. EUPE.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is lower than EUPE.DE's 0.65% expense ratio.
Dividends
EXS3.DE vs. EUPE.DE - Dividend Comparison
Neither EXS3.DE nor EUPE.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 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 EUPE.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXS3.DE is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXS3.DE is cheaper with a 0.51% expense ratio, compared with 0.65% for EUPE.DE.
EXS3.DE tracks MDAX®, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.51% for EXS3.DE and 0.65% for EUPE.DE.
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