EXW3.DE vs. 540J.DE
EXW3.DE (iShares STOXX Europe 50 UCITS ETF (DE)) and 540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) are both Europe Equities funds - EXW3.DE tracks the STOXX® Europe 50 while 540J.DE tracks the MSCI Switzerland. Both are passively managed. Over the past 10 years, EXW3.DE returned 9.73%/yr vs 9.28%/yr for 540J.DE. A 0.77 correlation means they provide meaningful diversification when combined. EXW3.DE charges 0.52%/yr vs 0.25%/yr for 540J.DE.
Performance
EXW3.DE vs. 540J.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXW3.DE achieves a 13.53% return, which is significantly higher than 540J.DE's 10.74% return. Both investments have delivered pretty close results over the past 10 years, with EXW3.DE having a 9.73% annualized return and 540J.DE not far behind at 9.28%.
EXW3.DE
- 1D
- -0.53%
- 1M
- -0.34%
- 6M
- 7.74%
- YTD
- 13.53%
- 1Y
- 24.57%
- 3Y*
- 14.51%
- 5Y*
- 12.14%
- 10Y*
- 9.73%
540J.DE
- 1D
- 1.56%
- 1M
- 4.29%
- 6M
- 9.39%
- YTD
- 10.74%
- 1Y
- 22.37%
- 3Y*
- 11.85%
- 5Y*
- 8.05%
- 10Y*
- 9.28%
EXW3.DE vs. 540J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 13.53% | 18.18% | 7.34% | 14.18% | -1.79% | 26.04% | -6.57% | 28.26% | -10.63% | 9.15% |
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.74% | 18.39% | 3.70% | 10.71% | -12.90% | 29.35% | 1.20% | 35.11% | -4.78% | 7.45% |
Correlation
The correlation between EXW3.DE and 540J.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | 0.77 |
Over the past year, the correlation between EXW3.DE and 540J.DE has dropped to 0.54 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
EXW3.DE vs. 540J.DE — Risk / Return Rank
EXW3.DE
540J.DE
EXW3.DE vs. 540J.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) and Amundi MSCI Switzerland UCITS ETF EUR (540J.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.
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.
| EXW3.DE | 540J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.86 | +0.71 |
| Martin ratioReturn relative to average drawdown | 9.49 | 6.55 | +2.94 |
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Drawdowns
EXW3.DE vs. 540J.DE - Drawdown Comparison
The maximum EXW3.DE drawdown since its inception was -57.13%, which is greater than 540J.DE's maximum drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for EXW3.DE and 540J.DE.
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Drawdown Indicators
| EXW3.DE | 540J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.13% | -26.00% | -31.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -11.98% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -15.78% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -17.64% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | -26.00% | -6.27% |
Current DrawdownCurrent decline from peak | -2.81% | -1.31% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -5.63% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.41% | -0.83% |
Volatility
EXW3.DE vs. 540J.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 50 UCITS ETF (DE) (EXW3.DE) is 3.68%, while Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) has a volatility of 4.60%. This indicates that EXW3.DE experiences smaller price fluctuations and is considered to be less risky than 540J.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXW3.DE | 540J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 4.60% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 11.34% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 14.08% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 13.73% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 14.05% | +1.01% |
EXW3.DE vs. 540J.DE - Expense Ratio Comparison
EXW3.DE has a 0.52% expense ratio, which is higher than 540J.DE's 0.25% expense ratio.
Dividends
EXW3.DE vs. 540J.DE - Dividend Comparison
EXW3.DE's dividend yield for the trailing twelve months is around 2.28%, while 540J.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXW3.DE iShares STOXX Europe 50 UCITS ETF (DE) | 2.28% | 2.22% | 2.44% | 2.10% | 2.52% | 2.04% | 2.16% | 2.79% | 2.83% | 5.17% | 4.31% | 3.43% |
Frequently Asked Questions
EXW3.DE and 540J.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.52% for EXW3.DE.
EXW3.DE tracks STOXX® Europe 50, while 540J.DE tracks MSCI Switzerland. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.52% for EXW3.DE and 0.25% for 540J.DE.
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