EXSA.DE vs. AEDAX
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 9.18%/yr vs 6.35%/yr for AEDAX. A 0.77 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
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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 7.58% return, which is significantly lower than AEDAX's 17.58% return. Over the past 10 years, EXSA.DE has outperformed AEDAX with an annualized return of 9.18%, while AEDAX has yielded a comparatively lower 6.35% annualized return.
EXSA.DE
- 1D
- 0.61%
- 1M
- 0.91%
- YTD
- 7.58%
- 6M
- 10.05%
- 1Y
- 16.11%
- 3Y*
- 13.94%
- 5Y*
- 9.65%
- 10Y*
- 9.18%
AEDAX
- 1D
- -0.46%
- 1M
- 3.52%
- YTD
- 17.58%
- 6M
- 20.19%
- 1Y
- 24.17%
- 3Y*
- 13.08%
- 5Y*
- 6.97%
- 10Y*
- 6.35%
EXSA.DE vs. AEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 7.58% | 20.49% | 8.50% | 15.46% | -10.09% | 24.22% | -1.80% | 28.41% | -10.99% | 10.67% |
AEDAX Invesco EQV European Equity Fund | 17.58% | 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 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007 | 0.77 |
The correlation between EXSA.DE and AEDAX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
EXSA.DE vs. AEDAX — Risk / Return Rank
EXSA.DE
AEDAX
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.
| EXSA.DE | AEDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.79 | -1.10 |
| Martin ratioReturn relative to average drawdown | 6.32 | 8.92 | -2.60 |
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
| EXSA.DE | AEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.85 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.48 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.41 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.33 | +0.06 |
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.DE | AEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -20.68% | -26.50% | +5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | -37.07% | +1.38% |
Current DrawdownCurrent decline from peak | -1.64% | -1.36% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -11.13% | -11.16% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.72% | -0.15% |
Volatility
EXSA.DE vs. AEDAX - Volatility Comparison
iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) has a higher volatility of 4.33% compared to Invesco EQV European Equity Fund (AEDAX) at 4.05%. This indicates that EXSA.DE's price experiences larger fluctuations and is considered to be riskier 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.DE | AEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.05% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 10.46% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 13.14% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 14.65% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 15.67% | +0.11% |
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 2.36%, less than AEDAX's 14.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEDAX Invesco EQV European Equity Fund | 14.55% | 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) | 2.36% | 2.54% | 2.79% | 2.68% | 2.76% | 2.23% | 1.85% | 2.87% | 3.03% | 4.42% | 3.42% | 2.97% |
Frequently Asked Questions
EXSA.DE and AEDAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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