EXSB.DE vs. EUN0.DE

Last updated Apr 14, 2026

EXSB.DE (iShares DivDAX UCITS ETF (DE)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds from iShares — EXSB.DE tracks the DivDAX® while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, EXSB.DE returned 8.23%/yr vs 6.86%/yr for EUN0.DE. A 0.74 correlation means they provide meaningful diversification when combined. EXSB.DE charges 0.31%/yr vs 0.25%/yr for EUN0.DE.

Performance

EXSB.DE vs. EUN0.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares DivDAX UCITS ETF (DE) (EXSB.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXSB.DE achieves a 4.24% return, which is significantly lower than EUN0.DE's 6.73% return. Over the past 10 years, EXSB.DE has outperformed EUN0.DE with an annualized return of 8.23%, while EUN0.DE has yielded a comparatively lower 6.86% annualized return.

EXSB.DE

• 1D: -0.46%
• 1M: 2.91%
• YTD: 4.24%
• 6M: 12.00%
• 1Y: 25.81%
• 3Y*: 10.35%
• 5Y*: 6.89%
• 10Y*: 8.23%

EUN0.DE

• 1D: 0.23%
• 1M: 1.44%
• YTD: 6.73%
• 6M: 8.70%
• 1Y: 15.75%
• 3Y*: 10.57%
• 5Y*: 8.37%
• 10Y*: 6.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EXSB.DE vs. EUN0.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXSB.DE iShares DivDAX UCITS ETF (DE)	4.24%	21.72%	4.26%	17.02%	-11.05%	13.58%	2.20%	23.19%	-16.62%	13.85%
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF	6.73%	12.27%	11.42%	10.79%	-13.21%	21.54%	-4.02%	24.17%	-4.36%	9.14%

Correlation

The correlation between EXSB.DE and EUN0.DE is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013	0.74

The correlation between EXSB.DE and EUN0.DE shifts across timeframes, from 0.55 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EXSB.DE vs. EUN0.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXSB.DE

EXSB.DE Risk / Return Rank: 39
EXSB.DE Sharpe Ratio Rank: 39
EXSB.DE Sortino Ratio Rank: 38
EXSB.DE Omega Ratio Rank: 38
EXSB.DE Calmar Ratio Rank: 44
EXSB.DE Martin Ratio Rank: 36

EUN0.DE

EUN0.DE Risk / Return Rank: 38
EUN0.DE Sharpe Ratio Rank: 40
EUN0.DE Sortino Ratio Rank: 41
EUN0.DE Omega Ratio Rank: 42
EUN0.DE Calmar Ratio Rank: 38
EUN0.DE Martin Ratio Rank: 30

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.

EXSB.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares DivDAX UCITS ETF (DE) (EXSB.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.

	EXSB.DE	EUN0.DE	Difference
Sharpe ratio Return per unit of total volatility	1.79	1.81	-0.01
Sortino ratio Return per unit of downside risk	2.50	2.60	-0.10
Omega ratio Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio Return relative to maximum drawdown	2.68	2.54	+0.14
Martin ratio Return relative to average drawdown	7.88	6.63	+1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXSB.DE vs. EUN0.DE - Sharpe Ratio Comparison

The current EXSB.DE Sharpe Ratio is 1.79, which is comparable to the EUN0.DE Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of EXSB.DE and EUN0.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EXSB.DE	EUN0.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.81	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.75	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.54	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.65	-0.30

Drawdowns

EXSB.DE vs. EUN0.DE - Drawdown Comparison

The maximum EXSB.DE drawdown since its inception was -60.17%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for EXSB.DE and EUN0.DE.

Drawdown Indicators

	EXSB.DE	EUN0.DE	Difference
Max Drawdown Largest peak-to-trough decline	-60.17%	-30.68%	-29.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-7.16%	-2.72%
Max Drawdown (5Y) Largest decline over 5 years	-25.49%	-19.64%	-5.85%
Max Drawdown (10Y) Largest decline over 10 years	-41.68%	-30.68%	-11.00%
Current Drawdown Current decline from peak	-2.61%	-2.08%	-0.53%
Average Drawdown Average peak-to-trough decline	-12.31%	-4.71%	-7.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	2.74%	+0.62%

Volatility

EXSB.DE vs. EUN0.DE - Volatility Comparison

iShares DivDAX UCITS ETF (DE) (EXSB.DE) has a higher volatility of 5.87% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 4.27%. This indicates that EXSB.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXSB.DE	EUN0.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	4.27%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	10.90%	6.70%	+4.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	8.98%	+5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	11.02%	+5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	12.53%	+6.14%

EXSB.DE vs. EUN0.DE - Expense Ratio Comparison

EXSB.DE has a 0.31% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.

Dividends

EXSB.DE vs. EUN0.DE - Dividend Comparison

EXSB.DE's dividend yield for the trailing twelve months is around 2.98%, while EUN0.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXSB.DE iShares DivDAX UCITS ETF (DE)	2.98%	3.11%	3.50%	4.55%	3.19%	2.17%	2.19%	2.36%	2.77%	1.65%	2.53%	3.23%
EUN0.DE iShares Edge MSCI Europe Minimum Volatility 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%