EXS3.DE vs. EXSH.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both Europe Equities funds from iShares - EXS3.DE tracks the MDAX® while EXSH.DE tracks the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.04%/yr vs 10.31%/yr for EXSH.DE. A 0.73 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.32%/yr for EXSH.DE.
Performance
EXS3.DE vs. EXSH.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 EXSH.DE's 13.96% return. Over the past 10 years, EXS3.DE has underperformed EXSH.DE with an annualized return of 4.04%, while EXSH.DE has yielded a comparatively higher 10.31% 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%
EXSH.DE
- 1D
- 0.47%
- 1M
- 4.04%
- YTD
- 13.96%
- 6M
- 19.08%
- 1Y
- 32.41%
- 3Y*
- 23.40%
- 5Y*
- 12.78%
- 10Y*
- 10.31%
EXS3.DE vs. EXSH.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% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 13.96% | 44.94% | 5.72% | 10.87% | -9.92% | 23.55% | -9.64% | 27.73% | -4.87% | 5.22% |
Correlation
The correlation between EXS3.DE and EXSH.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 13, 2005 | 0.73 |
The correlation between EXS3.DE and EXSH.DE has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
EXS3.DE vs. EXSH.DE — Risk / Return Rank
EXS3.DE
EXSH.DE
EXS3.DE vs. EXSH.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 STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.48 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 4.85 | -4.52 |
| Martin ratioReturn relative to average drawdown | 0.91 | 16.10 | -15.19 |
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 | EXSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.69 | -2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.86 | -0.92 |
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 | 0.32 | +0.04 |
Drawdowns
EXS3.DE vs. EXSH.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, smaller than the maximum EXSH.DE drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and EXSH.DE.
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Drawdown Indicators
| EXS3.DE | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -70.20% | +6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -6.65% | -7.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -14.43% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -22.98% | -17.33% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -40.34% | +0.03% |
Current DrawdownCurrent decline from peak | -12.23% | -1.87% | -10.36% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -22.15% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.01% | +3.34% |
Volatility
EXS3.DE vs. EXSH.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 4.94% compared to iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) at 3.90%. This indicates that EXS3.DE's price experiences larger fluctuations and is considered to be riskier than EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.90% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 9.77% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 11.99% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 14.61% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 17.15% | +1.22% |
EXS3.DE vs. EXSH.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is higher than EXSH.DE's 0.32% expense ratio.
Dividends
EXS3.DE vs. EXSH.DE - Dividend Comparison
EXS3.DE has not paid dividends to shareholders, while EXSH.DE's dividend yield for the trailing twelve months is around 4.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.47% | 5.15% | 5.86% | 6.39% | 6.06% | 3.77% | 3.58% | 4.50% | 4.42% | 5.03% | 4.99% | 3.96% |
Frequently Asked Questions
EXS3.DE and EXSH.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSH.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSH.DE is cheaper with a 0.32% expense ratio, compared with 0.51% for EXS3.DE.
EXS3.DE tracks MDAX®, while EXSH.DE tracks STOXX® Europe Select Dividend 30. Their fees differ too: 0.51% for EXS3.DE and 0.32% for EXSH.DE.
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