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EXSA.DE vs. AEDAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXSA.DE vs. AEDAX

Last updated Jun 26, 2026

EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) and AEDAX (Invesco EQV European Equity Fund) are both Europe Equities funds. Over the past 10 years, EXSA.DE returned 10.56%/yr vs 7.08%/yr for AEDAX. A 0.76 correlation means they provide meaningful diversification when combined. EXSA.DE charges 0.20%/yr vs 1.37%/yr for AEDAX.

Performance

EXSA.DE vs. AEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) and Invesco EQV European Equity Fund (AEDAX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EXSA.DE is traded in EUR, while AEDAX is traded in USD. To make them comparable, the AEDAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EXSA.DE achieves a 10.34% return, which is significantly lower than AEDAX's 19.25% return. Over the past 10 years, EXSA.DE has outperformed AEDAX with an annualized return of 10.56%, while AEDAX has yielded a comparatively lower 7.08% annualized return.

EXSA.DE

1D
0.77%
1M
2.12%
YTD
10.34%
6M
11.08%
1Y
22.39%
3Y*
15.45%
5Y*
9.94%
10Y*
10.56%

AEDAX

1D
0.37%
1M
1.94%
YTD
19.25%
6M
19.68%
1Y
29.90%
3Y*
14.20%
5Y*
7.01%
10Y*
7.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXSA.DE vs. AEDAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EXSA.DE
iShares STOXX Europe 600 UCITS ETF (DE)		10.34%20.48%8.50%15.48%-10.35%24.57%-1.78%28.40%-11.06%10.67%
AEDAX
Invesco EQV European Equity Fund		19.25%9.22%5.76%16.05%-16.93%22.77%-8.30%27.35%-15.05%11.30%

Correlation

The correlation between EXSA.DE and AEDAX is 0.70, 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

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Sep 20, 2007

0.76

The correlation between EXSA.DE and AEDAX has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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iShares STOXX Europe 600 UCITS ETF (DE)

Invesco EQV European Equity Fund

Often compared with EXSA.DE:
EXSA.DE vs. EXIE.DEEXSA.DE vs. SXR8.DEEXSA.DE vs. VEUR.LEXSA.DE vs. VGTEXSA.DE vs. VOOEXSA.DE vs. ^GSPCEXSA.DE vs. ACN
Often compared with AEDAX:
AEDAX vs. ANXG.LAEDAX vs. FXAIXAEDAX vs. VTIAXAEDAX vs. DSEUXAEDAX vs. VEUAXAEDAX vs. CEEAEDAX vs. DFCSX

Return for Risk

EXSA.DE vs. AEDAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXSA.DE
EXSA.DE Risk / Return Rank: 5858
Overall Rank
EXSA.DE Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
EXSA.DE Sortino Ratio Rank: 6161
Sortino Ratio Rank
EXSA.DE Omega Ratio Rank: 6161
Omega Ratio Rank
EXSA.DE Calmar Ratio Rank: 5454
Calmar Ratio Rank
EXSA.DE Martin Ratio Rank: 5858
Martin Ratio Rank
AEDAX
AEDAX Risk / Return Rank: 4747
Overall Rank
AEDAX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
AEDAX Sortino Ratio Rank: 4444
Sortino Ratio Rank
AEDAX Omega Ratio Rank: 4545
Omega Ratio Rank
AEDAX Calmar Ratio Rank: 5353
Calmar Ratio Rank
AEDAX Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXSA.DE vs. AEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) and Invesco EQV European Equity Fund (AEDAX). 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.

EXSA.DEAEDAXDifference
Sharpe ratioReturn per unit of total volatility
1.72
2.07

-0.35

Sortino ratioReturn per unit of downside risk
2.48
2.82

-0.34

Omega ratioGain probability vs. loss probability

1.32

1.39

-0.06

Calmar ratioReturn relative to maximum drawdown

2.31

3.25

-0.93

Martin ratioReturn relative to average drawdown

8.89

12.30

-3.41

EXSA.DE vs. AEDAX - Sharpe Ratio Comparison

The current EXSA.DE Sharpe Ratio is 1.72, which is comparable to the AEDAX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of EXSA.DE and AEDAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EXSA.DE vs. AEDAX - Drawdown Comparison

The maximum EXSA.DE drawdown since its inception was -58.34%, which is greater than AEDAX's maximum drawdown of -54.93%. Use the drawdown chart below to compare losses from any high point for EXSA.DE and AEDAX.

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Drawdown Indicators

EXSA.DEAEDAXDifference

Max Drawdown

Largest peak-to-trough decline

-58.34%

-54.93%

-3.41%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-8.73%

-0.91%

Max Drawdown (3Y)

Largest decline over 3 years

-16.33%

-16.15%

-0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-20.69%

-26.50%

+5.81%

Max Drawdown (10Y)

Largest decline over 10 years

-35.69%

-37.07%

+1.38%

Current Drawdown

Current decline from peak

0.00%

-1.39%

+1.39%

Average Drawdown

Average peak-to-trough decline

-11.46%

-11.17%

-0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.30%

+0.21%

Volatility

EXSA.DE vs. AEDAX - Volatility Comparison

The current volatility for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) is 2.89%, while Invesco EQV European Equity Fund (AEDAX) has a volatility of 5.09%. This indicates that EXSA.DE experiences smaller price fluctuations and is considered to be less risky than AEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EXSA.DEAEDAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

5.09%

-2.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.84%

11.28%

-0.44%

Volatility (1Y)

Calculated over the trailing 1-year period

13.00%

13.73%

-0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

14.77%

-0.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.48%

15.52%

-0.04%

EXSA.DE vs. AEDAX - Expense Ratio Comparison

EXSA.DE has a 0.20% expense ratio, which is lower than AEDAX's 1.37% expense ratio.

Dividends

EXSA.DE vs. AEDAX - Dividend Comparison

EXSA.DE's dividend yield for the trailing twelve months is around 2.48%, less than AEDAX's 14.67% yield.

PositionTTM20252024202320222021202020192018201720162015
AEDAX
Invesco EQV European Equity Fund		14.67%16.92%10.53%2.58%7.48%9.40%1.30%2.53%1.43%1.86%1.59%4.78%
EXSA.DE
iShares STOXX Europe 600 UCITS ETF (DE)		2.48%2.54%2.79%2.68%2.76%2.22%1.85%2.87%2.94%4.42%3.42%2.97%

Frequently Asked Questions

EXSA.DE and AEDAX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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