EXS3.DE vs. EXXX.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds from iShares - EXS3.DE tracks the MDAX® while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, EXS3.DE returned 3.70%/yr vs 14.21%/yr for EXXX.DE. A 0.72 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.32%/yr for EXXX.DE.
Performance
EXS3.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS3.DE achieves a 3.35% return, which is significantly lower than EXXX.DE's 22.53% return. Over the past 10 years, EXS3.DE has underperformed EXXX.DE with an annualized return of 3.70%, while EXXX.DE has yielded a comparatively higher 14.21% annualized return.
EXS3.DE
- 1D
- -0.50%
- 1M
- -3.07%
- 6M
- -0.63%
- YTD
- 3.35%
- 1Y
- 1.95%
- 3Y*
- 3.79%
- 5Y*
- -2.17%
- 10Y*
- 3.70%
EXXX.DE
- 1D
- -1.55%
- 1M
- -2.82%
- 6M
- 19.05%
- YTD
- 22.53%
- 1Y
- 45.03%
- 3Y*
- 30.20%
- 5Y*
- 17.45%
- 10Y*
- 14.21%
EXS3.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 3.35% | 19.10% | -6.45% | 7.92% | -29.11% | 13.18% | 8.17% | 30.28% | -18.39% | 17.41% |
EXXX.DE iShares ATX UCITS ETF (DE) | 22.53% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between EXS3.DE and EXXX.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 | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2006 | 0.72 |
The correlation between EXS3.DE and EXXX.DE has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
EXS3.DE vs. EXXX.DE — Risk / Return Rank
EXS3.DE
EXXX.DE
EXS3.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EXS3.DE | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.43 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 4.19 | -4.05 |
| Martin ratioReturn relative to average drawdown | 0.36 | 14.04 | -13.68 |
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Drawdowns
EXS3.DE vs. EXXX.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and EXXX.DE.
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Drawdown Indicators
| EXS3.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -71.43% | +7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -10.71% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -16.11% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -32.69% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -52.90% | +12.59% |
Current DrawdownCurrent decline from peak | -14.77% | -3.48% | -11.29% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -28.47% | +13.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 3.20% | +2.23% |
Volatility
EXS3.DE vs. EXXX.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 5.33% compared to iShares ATX UCITS ETF (DE) (EXXX.DE) at 4.88%. This indicates that EXS3.DE's price experiences larger fluctuations and is considered to be riskier than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 4.88% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 14.74% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 17.54% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.50% | 19.15% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 19.93% | -1.74% |
EXS3.DE vs. EXXX.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is higher than EXXX.DE's 0.32% expense ratio.
Dividends
EXS3.DE vs. EXXX.DE - Dividend Comparison
EXS3.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 3.01%.
| 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 3.01% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
EXS3.DE and EXXX.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, EXXX.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXXX.DE is cheaper with a 0.32% expense ratio, compared with 0.51% for EXS3.DE.
EXS3.DE tracks MDAX®, while EXXX.DE tracks ATX Index. Their fees differ too: 0.51% for EXS3.DE and 0.32% for EXXX.DE.
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