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EXV8.DE vs. USD=X
Performance
Return for Risk
Drawdowns
Volatility

EXV8.DE vs. USD=X

Last updated Jun 5, 2026

EXV8.DE (iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)) is Industrials Equities fund tracking the STOXX® Europe 600 Construction & Materials, while USD=X (USD Cash) is a currency. Over the past 10 years, EXV8.DE returned 10.37%/yr vs -0.25%/yr for USD=X. At a correlation of -0.08, they often move in opposite directions.

Performance

EXV8.DE vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EXV8.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EXV8.DE achieves a 1.00% return, which is significantly lower than USD=X's 1.84% return. Over the past 10 years, EXV8.DE has outperformed USD=X with an annualized return of 10.37%, while USD=X has yielded a comparatively lower -0.25% annualized return.

EXV8.DE

1D
0.17%
1M
-2.48%
YTD
1.00%
6M
2.33%
1Y
6.66%
3Y*
15.58%
5Y*
9.70%
10Y*
10.37%

USD=X

1D
0.00%
1M
2.18%
YTD
1.84%
6M
0.90%
1Y
-1.05%
3Y*
-2.31%
5Y*
1.09%
10Y*
-0.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXV8.DE vs. USD=X - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EXV8.DE
iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)		1.00%25.00%6.42%33.57%-18.92%32.25%-2.02%42.92%-17.87%10.41%
USD=X
USD Cash		1.84%-11.87%6.60%-3.00%6.20%7.48%-8.24%2.26%4.69%-12.29%

Correlation

The correlation between EXV8.DE and USD=X is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.15

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

-0.12

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

-0.19

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

-0.07

Correlation (All Time)
Calculated using the full available price history since Aug 31, 2007

-0.08

The correlation between EXV8.DE and USD=X shifts across timeframes, from -0.19 (5 years) to -0.07 (10 years), reflecting how their relationship changes across market environments.

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iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)

USD Cash

Often compared with EXV8.DE:
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Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX

Return for Risk

EXV8.DE vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXV8.DE
EXV8.DE Risk / Return Rank: 1515
Overall Rank
EXV8.DE Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
EXV8.DE Sortino Ratio Rank: 1616
Sortino Ratio Rank
EXV8.DE Omega Ratio Rank: 1515
Omega Ratio Rank
EXV8.DE Calmar Ratio Rank: 1515
Calmar Ratio Rank
EXV8.DE Martin Ratio Rank: 1616
Martin Ratio Rank
USD=X
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.

EXV8.DE vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) and USD Cash (USD=X). 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.

EXV8.DEUSD=XDifference
Sharpe ratioReturn per unit of total volatility
0.38
-0.15

+0.53

Sortino ratioReturn per unit of downside risk
0.70
-0.16

+0.86

Omega ratioGain probability vs. loss probability

1.08

0.98

+0.10

Calmar ratioReturn relative to maximum drawdown

0.49

-0.18

+0.67

Martin ratioReturn relative to average drawdown

1.50

-0.39

+1.90

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXV8.DE vs. USD=X - Sharpe Ratio Comparison

The current EXV8.DE Sharpe Ratio is 0.38, which is higher than the USD=X Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of EXV8.DE and USD=X, 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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Sharpe Ratios by Period

EXV8.DEUSD=XDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.38

-0.15

+0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.14

+0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

-0.03

+0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.10

+0.34

Drawdowns

EXV8.DE vs. USD=X - Drawdown Comparison

The maximum EXV8.DE drawdown since its inception was -66.09%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for EXV8.DE and USD=X.

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Drawdown Indicators

EXV8.DEUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-66.09%

-20.32%

-45.77%

Max Drawdown (1Y)

Largest decline over 1 year

-15.30%

-5.33%

-9.97%

Max Drawdown (3Y)

Largest decline over 3 years

-16.83%

-15.23%

-1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-29.23%

-20.32%

-8.91%

Max Drawdown (10Y)

Largest decline over 10 years

-42.81%

-20.32%

-22.49%

Current Drawdown

Current decline from peak

-6.66%

-16.81%

+10.15%

Average Drawdown

Average peak-to-trough decline

-15.00%

-9.48%

-5.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.00%

1.89%

+3.11%

Volatility

EXV8.DE vs. USD=X - Volatility Comparison

iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) has a higher volatility of 6.24% compared to USD Cash (USD=X) at 1.33%. This indicates that EXV8.DE's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EXV8.DEUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.24%

1.33%

+4.91%

Volatility (6M)

Calculated over the trailing 6-month period

16.12%

4.59%

+11.53%

Volatility (1Y)

Calculated over the trailing 1-year period

19.72%

5.45%

+14.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.47%

6.44%

+13.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.26%

6.20%

+14.06%

Frequently Asked Questions

EXV8.DE and USD=X have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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