EXS3.DE vs. SC0E.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and SC0E.DE (Invesco MSCI Europe UCITS ETF) are both Europe Equities funds - EXS3.DE tracks the MDAX® while SC0E.DE tracks the MSCI Europe. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.04%/yr vs 9.06%/yr for SC0E.DE. A 0.64 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.19%/yr for SC0E.DE.
Performance
EXS3.DE vs. SC0E.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 SC0E.DE's 7.48% return. Over the past 10 years, EXS3.DE has underperformed SC0E.DE with an annualized return of 4.04%, while SC0E.DE has yielded a comparatively higher 9.06% 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%
SC0E.DE
- 1D
- 0.62%
- 1M
- 3.45%
- YTD
- 7.48%
- 6M
- 9.73%
- 1Y
- 16.11%
- 3Y*
- 13.60%
- 5Y*
- 9.92%
- 10Y*
- 9.06%
EXS3.DE vs. SC0E.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% |
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -9.29% | 24.97% | -3.28% | 27.71% | -11.02% | 10.40% |
Correlation
The correlation between EXS3.DE and SC0E.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2009 | 0.64 |
The correlation between EXS3.DE and SC0E.DE shifts across timeframes, from 0.64 (all time) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXS3.DE vs. SC0E.DE — Risk / Return Rank
EXS3.DE
SC0E.DE
EXS3.DE vs. SC0E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.DE) and Invesco MSCI Europe UCITS ETF (SC0E.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 | SC0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.70 | -1.37 |
| Martin ratioReturn relative to average drawdown | 0.91 | 6.31 | -5.40 |
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 | SC0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.25 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.71 | -0.77 |
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 | 0.72 | -0.36 |
Drawdowns
EXS3.DE vs. SC0E.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, which is greater than SC0E.DE's maximum drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and SC0E.DE.
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Drawdown Indicators
| EXS3.DE | SC0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -35.65% | -28.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -9.43% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -16.54% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -19.33% | -20.98% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -35.65% | -4.66% |
Current DrawdownCurrent decline from peak | -12.23% | -1.56% | -10.67% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -5.70% | -8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.55% | +2.80% |
Volatility
EXS3.DE vs. SC0E.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 4.94% compared to Invesco MSCI Europe UCITS ETF (SC0E.DE) at 4.35%. This indicates that EXS3.DE's price experiences larger fluctuations and is considered to be riskier than SC0E.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 | SC0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.35% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 10.58% | +4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 12.83% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 14.59% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 16.36% | +2.01% |
EXS3.DE vs. SC0E.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is higher than SC0E.DE's 0.19% expense ratio.
Dividends
EXS3.DE vs. SC0E.DE - Dividend Comparison
Neither EXS3.DE nor SC0E.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% |
SC0E.DE Invesco MSCI Europe 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 SC0E.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0E.DE is cheaper with a 0.19% expense ratio, compared with 0.51% for EXS3.DE.
EXS3.DE tracks MDAX®, while SC0E.DE tracks MSCI Europe. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.51% for EXS3.DE and 0.19% for SC0E.DE.
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