EXS3.DE vs. ROX.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds - EXS3.DE tracks the MDAX® while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, EXS3.DE returned -2.17%/yr vs 23.40%/yr for ROX.DE. At a 0.19 correlation, their price movements are largely independent. EXS3.DE charges 0.51%/yr vs 1.38%/yr for ROX.DE.
Performance
EXS3.DE vs. ROX.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 ROX.DE's 39.19% 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%
ROX.DE
- 1D
- 0.49%
- 1M
- 15.08%
- 6M
- 23.72%
- YTD
- 39.19%
- 1Y
- 72.38%
- 3Y*
- 35.94%
- 5Y*
- 23.40%
- 10Y*
- —
EXS3.DE vs. ROX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 3.35% | 19.10% | -6.45% | 7.92% | -29.11% | 13.18% | 8.17% | 30.28% | -16.51% |
ROX.DE Expat Romania BET UCITS ETF | 39.19% | 43.69% | 13.19% | 22.15% | -3.87% | 34.78% | -1.71% | 34.41% | -15.49% |
Correlation
The correlation between EXS3.DE and ROX.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.19 |
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Return for Risk
EXS3.DE vs. ROX.DE — Risk / Return Rank
EXS3.DE
ROX.DE
EXS3.DE vs. ROX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.DE) and Expat Romania BET UCITS ETF (ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | -4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.62 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 9.10 | -8.97 |
| Martin ratioReturn relative to average drawdown | 0.36 | 28.32 | -27.96 |
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Drawdowns
EXS3.DE vs. ROX.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, which is greater than ROX.DE's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and ROX.DE.
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Drawdown Indicators
| EXS3.DE | ROX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -29.00% | -34.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -7.91% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -17.52% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -19.51% | -20.80% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | — | — |
Current DrawdownCurrent decline from peak | -14.77% | 0.00% | -14.77% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -5.26% | -9.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 2.55% | +2.88% |
Volatility
EXS3.DE vs. ROX.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 5.33% compared to Expat Romania BET UCITS ETF (ROX.DE) at 5.07%. This indicates that EXS3.DE's price experiences larger fluctuations and is considered to be riskier than ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.07% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 13.79% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 19.33% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.50% | 19.80% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 21.02% | -2.83% |
EXS3.DE vs. ROX.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is lower than ROX.DE's 1.38% expense ratio.
Dividends
EXS3.DE vs. ROX.DE - Dividend Comparison
Neither EXS3.DE nor ROX.DE has paid dividends to shareholders.
| 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% |
ROX.DE Expat Romania BET UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXS3.DE and ROX.DE have a correlation of 0.11, 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 1.38% for ROX.DE.
EXS3.DE tracks MDAX®, while ROX.DE tracks BET Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.51% for EXS3.DE and 1.38% for ROX.DE.
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