FTGE.DE vs. SXRY.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.74%/yr vs 20.54%/yr for SXRY.DE. Their correlation of 0.84 suggests significant overlap in exposure. FTGE.DE charges 0.65%/yr vs 0.33%/yr for SXRY.DE.
Performance
FTGE.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 12.96% return, which is significantly lower than SXRY.DE's 18.23% return.
FTGE.DE
- 1D
- 0.00%
- 1M
- -0.29%
- YTD
- 12.96%
- 6M
- 13.77%
- 1Y
- 31.10%
- 3Y*
- 22.44%
- 5Y*
- 11.74%
- 10Y*
- —
SXRY.DE
- 1D
- 0.23%
- 1M
- 4.00%
- YTD
- 18.23%
- 6M
- 19.05%
- 1Y
- 37.48%
- 3Y*
- 29.61%
- 5Y*
- 20.54%
- 10Y*
- 17.09%
FTGE.DE vs. SXRY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 12.96% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 26.65% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 18.23% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | 34.10% |
Correlation
The correlation between FTGE.DE and SXRY.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 18, 2020 | 0.84 |
The correlation between FTGE.DE and SXRY.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
FTGE.DE vs. SXRY.DE — Risk / Return Rank
FTGE.DE
SXRY.DE
FTGE.DE vs. SXRY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) and iShares FTSE MIB UCITS ETF (Acc) (SXRY.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.
| FTGE.DE | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.85 | -0.52 |
| Martin ratioReturn relative to average drawdown | 12.80 | 14.30 | -1.50 |
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Drawdowns
FTGE.DE vs. SXRY.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and SXRY.DE.
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Drawdown Indicators
| FTGE.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -43.59% | +16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -9.69% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -17.61% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -25.00% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.81% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.98% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -11.61% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.61% | -0.17% |
Volatility
FTGE.DE vs. SXRY.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.30%, while iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a volatility of 3.90%. This indicates that FTGE.DE experiences smaller price fluctuations and is considered to be less risky than SXRY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGE.DE | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.90% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 12.78% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 15.89% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 18.29% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 19.65% | -1.27% |
FTGE.DE vs. SXRY.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than SXRY.DE's 0.33% expense ratio.
Dividends
FTGE.DE vs. SXRY.DE - Dividend Comparison
Neither FTGE.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and SXRY.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRY.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRY.DE is cheaper with a 0.33% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while SXRY.DE tracks FTSE MIB. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FTGE.DE and 0.33% for SXRY.DE.
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