EXS3.DE vs. EXS2.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds from iShares - EXS3.DE tracks the MDAX® while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.04%/yr vs 9.01%/yr for EXS2.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.51% expense ratio.
Performance
EXS3.DE vs. EXS2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EXS3.DE achieves a 6.43% return, which is significantly lower than EXS2.DE's 15.70% return. Over the past 10 years, EXS3.DE has underperformed EXS2.DE with an annualized return of 4.04%, while EXS2.DE has yielded a comparatively higher 9.01% 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%
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%
EXS3.DE vs. EXS2.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% |
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% |
Correlation
The correlation between EXS3.DE and EXS2.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
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 Apr 26, 2001 | 0.75 |
The correlation between EXS3.DE and EXS2.DE 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.
Return for Risk
EXS3.DE vs. EXS2.DE — Risk / Return Rank
EXS3.DE
EXS2.DE
EXS3.DE vs. EXS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.DE) and iShares TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.40 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.91 | 0.80 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EXS3.DE | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.36 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.20 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.46 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.14 | +0.22 |
Drawdowns
EXS3.DE vs. EXS2.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and EXS2.DE.
Loading charts...
Drawdown Indicators
| EXS3.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -84.49% | +20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -16.12% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -17.93% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -34.97% | -5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -34.97% | -5.34% |
Current DrawdownCurrent decline from peak | -12.23% | -0.81% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -39.46% | +25.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 8.07% | -2.72% |
Volatility
EXS3.DE vs. EXS2.DE - Volatility Comparison
The current volatility for iShares MDAX UCITS ETF (DE) (EXS3.DE) is 4.94%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that EXS3.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EXS3.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.29% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 14.25% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 17.83% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 18.80% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 19.47% | -1.10% |
EXS3.DE vs. EXS2.DE - Expense Ratio Comparison
Both EXS3.DE and EXS2.DE have an expense ratio of 0.51%.
Dividends
EXS3.DE vs. EXS2.DE - Dividend Comparison
Neither EXS3.DE nor EXS2.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% |
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 EXS2.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.51% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EXS3.DE and EXS2.DE have the same expense ratio: 0.51% per year.
EXS3.DE tracks MDAX®, while EXS2.DE tracks TecDAX®.
Find the right allocation for EXS3.DE and EXS2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer