EXSE.DE vs. EXS2.DE
EXSE.DE (iShares STOXX Europe Small 200 UCITS ETF (DE)) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds from iShares - EXSE.DE tracks the STOXX® Europe Small 200 while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, EXSE.DE returned 7.21%/yr vs 9.01%/yr for EXS2.DE. A 0.74 correlation means they provide meaningful diversification when combined. EXSE.DE charges 0.20%/yr vs 0.51%/yr for EXS2.DE.
Performance
EXSE.DE vs. EXS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSE.DE achieves a 7.33% return, which is significantly lower than EXS2.DE's 15.70% return. Over the past 10 years, EXSE.DE has underperformed EXS2.DE with an annualized return of 7.21%, while EXS2.DE has yielded a comparatively higher 9.01% annualized return.
EXSE.DE
- 1D
- 0.55%
- 1M
- 1.10%
- YTD
- 7.33%
- 6M
- 10.98%
- 1Y
- 15.08%
- 3Y*
- 11.63%
- 5Y*
- 3.52%
- 10Y*
- 7.21%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.24%
- YTD
- 15.70%
- 6M
- 16.12%
- 1Y
- 5.55%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
EXSE.DE vs. EXS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 7.33% | 18.59% | 3.15% | 12.44% | -23.69% | 22.14% | 4.50% | 30.93% | -13.60% | 17.93% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
Correlation
The correlation between EXSE.DE and EXS2.DE 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 | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2005 | 0.74 |
The correlation between EXSE.DE and EXS2.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
EXSE.DE vs. EXS2.DE — Risk / Return Rank
EXSE.DE
EXS2.DE
EXSE.DE vs. EXS2.DE - 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 TecDAX UCITS ETF (DE) (EXS2.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.
| EXSE.DE | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 0.40 | +1.09 |
| Martin ratioReturn relative to average drawdown | 5.48 | 0.80 | +4.68 |
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
| EXSE.DE | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.36 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.20 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.46 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.14 | +0.26 |
Drawdowns
EXSE.DE vs. EXS2.DE - Drawdown Comparison
The maximum EXSE.DE drawdown since its inception was -62.51%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for EXSE.DE and EXS2.DE.
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Drawdown Indicators
| EXSE.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.51% | -84.49% | +21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -16.12% | +5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -17.93% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -34.97% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.03% | -34.97% | -3.06% |
Current DrawdownCurrent decline from peak | -1.14% | -0.81% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -39.46% | +26.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 8.07% | -5.25% |
Volatility
EXSE.DE vs. EXS2.DE - Volatility Comparison
The current volatility for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) is 3.72%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that EXSE.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXSE.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 5.29% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 14.25% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 17.83% | -4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 18.80% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 19.47% | -2.13% |
EXSE.DE vs. EXS2.DE - Expense Ratio Comparison
EXSE.DE has a 0.20% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
EXSE.DE vs. EXS2.DE - Dividend Comparison
EXSE.DE's dividend yield for the trailing twelve months is around 2.67%, while EXS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 2.67% | 2.91% | 2.58% | 2.29% | 2.59% | 1.43% | 1.25% | 2.13% | 2.59% | 3.45% | 2.83% | 2.87% |
Frequently Asked Questions
EXSE.DE and EXS2.DE 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.
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 0.51% for EXS2.DE.
EXSE.DE tracks STOXX® Europe Small 200, while EXS2.DE tracks TecDAX®. Their fees differ too: 0.20% for EXSE.DE and 0.51% for EXS2.DE.
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