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EXSE.DE vs. BRIC.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXSE.DE vs. BRIC.AS

Last updated Jun 27, 2026

EXSE.DE (iShares STOXX Europe Small 200 UCITS ETF (DE)) and BRIC.AS (iShares BIC 50 UCITS ETF) are both exchange-traded funds - EXSE.DE is a Europe Equities fund tracking the STOXX® Europe Small 200, while BRIC.AS is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index. Both are passively managed. Over the past 10 years, EXSE.DE returned 7.98%/yr vs 1.82%/yr for BRIC.AS. A 0.57 correlation means they provide meaningful diversification when combined. EXSE.DE charges 0.20%/yr vs 0.74%/yr for BRIC.AS.

Performance

EXSE.DE vs. BRIC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) and iShares BIC 50 UCITS ETF (BRIC.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EXSE.DE achieves a 6.07% return, which is significantly higher than BRIC.AS's -16.20% return. Over the past 10 years, EXSE.DE has outperformed BRIC.AS with an annualized return of 7.98%, while BRIC.AS has yielded a comparatively lower 1.82% annualized return.

EXSE.DE

1D
-0.65%
1M
-1.54%
YTD
6.07%
6M
7.54%
1Y
14.93%
3Y*
12.22%
5Y*
3.03%
10Y*
7.98%

BRIC.AS

1D
-0.75%
1M
-8.30%
YTD
-16.20%
6M
-16.13%
1Y
-11.77%
3Y*
2.86%
5Y*
-9.05%
10Y*
1.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXSE.DE vs. BRIC.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EXSE.DE
iShares STOXX Europe Small 200 UCITS ETF (DE)		6.07%18.59%2.82%12.10%-24.02%22.03%4.28%30.57%-13.90%17.39%
BRIC.AS
iShares BIC 50 UCITS ETF		-16.20%15.29%19.91%-10.17%-24.74%-17.47%9.83%24.15%-4.06%20.26%

Correlation

The correlation between EXSE.DE and BRIC.AS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

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

0.36

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

0.38

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

0.48

Correlation (All Time)
Calculated using the full available price history since Sep 4, 2007

0.57

Over the past year, the correlation between EXSE.DE and BRIC.AS has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares STOXX Europe Small 200 UCITS ETF (DE)

iShares BIC 50 UCITS ETF

Often compared with EXSE.DE:
EXSE.DE vs. EXSA.DEEXSE.DE vs. SXRV.DEEXSE.DE vs. SXR8.DEEXSE.DE vs. SEC0.DEEXSE.DE vs. EUNL.DEEXSE.DE vs. EUNA.DEEXSE.DE vs. QDVE.DE
Often compared with BRIC.AS:
BRIC.AS vs. R1GR.ASBRIC.AS vs. IMAE.ASBRIC.AS vs. CNDX.ASBRIC.AS vs. EUEA.ASBRIC.AS vs. IWDA.ASBRIC.AS vs. CSPX.ASBRIC.AS vs. DFND.AS

Return for Risk

EXSE.DE vs. BRIC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXSE.DE
EXSE.DE Risk / Return Rank: 3333
Overall Rank
EXSE.DE Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
EXSE.DE Sortino Ratio Rank: 3333
Sortino Ratio Rank
EXSE.DE Omega Ratio Rank: 3232
Omega Ratio Rank
EXSE.DE Calmar Ratio Rank: 3131
Calmar Ratio Rank
EXSE.DE Martin Ratio Rank: 3737
Martin Ratio Rank
BRIC.AS
BRIC.AS Risk / Return Rank: 55
Overall Rank
BRIC.AS Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BRIC.AS Sortino Ratio Rank: 44
Sortino Ratio Rank
BRIC.AS Omega Ratio Rank: 55
Omega Ratio Rank
BRIC.AS Calmar Ratio Rank: 55
Calmar Ratio Rank
BRIC.AS Martin Ratio Rank: 44
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.

EXSE.DE vs. BRIC.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) and iShares BIC 50 UCITS ETF (BRIC.AS). 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.

EXSE.DEBRIC.ASDifference
Sharpe ratioReturn per unit of total volatility
1.09
-0.63

+1.72

Sortino ratioReturn per unit of downside risk
1.63
-0.79

+2.42

Omega ratioGain probability vs. loss probability

1.20

0.91

+0.29

Calmar ratioReturn relative to maximum drawdown

1.43

-0.48

+1.91

Martin ratioReturn relative to average drawdown

5.24

-1.17

+6.42

EXSE.DE vs. BRIC.AS - Sharpe Ratio Comparison

The current EXSE.DE Sharpe Ratio is 1.09, which is higher than the BRIC.AS Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of EXSE.DE and BRIC.AS, 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

EXSE.DE vs. BRIC.AS - Drawdown Comparison

The maximum EXSE.DE drawdown since its inception was -62.51%, smaller than the maximum BRIC.AS drawdown of -73.80%. Use the drawdown chart below to compare losses from any high point for EXSE.DE and BRIC.AS.

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Drawdown Indicators

EXSE.DEBRIC.ASDifference

Max Drawdown

Largest peak-to-trough decline

-62.51%

-73.80%

+11.29%

Max Drawdown (1Y)

Largest decline over 1 year

-10.37%

-24.31%

+13.94%

Max Drawdown (3Y)

Largest decline over 3 years

-15.61%

-24.31%

+8.70%

Max Drawdown (5Y)

Largest decline over 5 years

-35.33%

-52.42%

+17.09%

Max Drawdown (10Y)

Largest decline over 10 years

-38.08%

-58.58%

+20.50%

Current Drawdown

Current decline from peak

-2.92%

-46.08%

+43.16%

Average Drawdown

Average peak-to-trough decline

-13.80%

-34.49%

+20.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

9.97%

-7.13%

Volatility

EXSE.DE vs. BRIC.AS - Volatility Comparison

The current volatility for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) is 4.09%, while iShares BIC 50 UCITS ETF (BRIC.AS) has a volatility of 5.80%. This indicates that EXSE.DE experiences smaller price fluctuations and is considered to be less risky than BRIC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EXSE.DEBRIC.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

5.80%

-1.71%

Volatility (6M)

Calculated over the trailing 6-month period

11.34%

13.08%

-1.74%

Volatility (1Y)

Calculated over the trailing 1-year period

13.66%

18.50%

-4.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.98%

28.93%

-11.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.94%

25.58%

-8.64%

EXSE.DE vs. BRIC.AS - Expense Ratio Comparison

EXSE.DE has a 0.20% expense ratio, which is lower than BRIC.AS's 0.74% expense ratio.

Dividends

EXSE.DE vs. BRIC.AS - Dividend Comparison

EXSE.DE's dividend yield for the trailing twelve months is around 3.08%, more than BRIC.AS's 1.75% yield.

PositionTTM20252024202320222021202020192018201720162015
BRIC.AS
iShares BIC 50 UCITS ETF		1.75%1.78%2.75%2.64%3.71%1.56%1.49%2.06%2.99%1.98%1.84%2.72%
EXSE.DE
iShares STOXX Europe Small 200 UCITS ETF (DE)		3.08%2.91%2.25%2.00%2.26%1.24%1.09%1.85%2.18%3.01%2.47%2.50%

Frequently Asked Questions

EXSE.DE and BRIC.AS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EXSE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EXSE.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for BRIC.AS.

EXSE.DE is categorized as Europe Equities, while BRIC.AS is Emerging Markets Equities. EXSE.DE tracks STOXX® Europe Small 200, while BRIC.AS tracks FTSE BIC 50 Net of Tax Index. Their fees differ too: 0.20% for EXSE.DE and 0.74% for BRIC.AS.

Portfolio Optimizer

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