IS3H.DE vs. XZEU.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and XZEU.DE (Xtrackers MSCI Europe ESG UCITS ETF 1C) are both Europe Equities funds - IS3H.DE tracks the MSCI EMU Mid Cap while XZEU.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, IS3H.DE returned 9.27%/yr vs 7.48%/yr for XZEU.DE. Their correlation of 0.89 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.20%/yr for XZEU.DE.
Performance
IS3H.DE vs. XZEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3H.DE achieves a 9.28% return, which is significantly higher than XZEU.DE's 5.81% return.
IS3H.DE
- 1D
- 0.47%
- 1M
- -0.13%
- YTD
- 9.28%
- 6M
- 11.27%
- 1Y
- 16.64%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
XZEU.DE
- 1D
- 0.87%
- 1M
- 2.59%
- YTD
- 5.81%
- 6M
- 8.13%
- 1Y
- 5.92%
- 3Y*
- 10.08%
- 5Y*
- 7.48%
- 10Y*
- —
IS3H.DE vs. XZEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -18.33% |
XZEU.DE Xtrackers MSCI Europe ESG UCITS ETF 1C | 5.81% | 8.12% | 11.56% | 16.38% | -13.12% | 25.64% | 0.09% | 29.10% | -11.34% |
Correlation
The correlation between IS3H.DE and XZEU.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 14, 2018 | 0.89 |
The correlation between IS3H.DE and XZEU.DE has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
IS3H.DE vs. XZEU.DE — Risk / Return Rank
IS3H.DE
XZEU.DE
IS3H.DE vs. XZEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) and Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.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.
| IS3H.DE | XZEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.58 | +1.57 |
| Martin ratioReturn relative to average drawdown | 7.71 | 1.87 | +5.85 |
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
| IS3H.DE | XZEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.44 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.51 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.50 | +0.06 |
Drawdowns
IS3H.DE vs. XZEU.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, which is greater than XZEU.DE's maximum drawdown of -33.18%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and XZEU.DE.
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Drawdown Indicators
| IS3H.DE | XZEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -33.18% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -10.33% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -16.97% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -22.04% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.84% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -5.18% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.23% | -0.96% |
Volatility
IS3H.DE vs. XZEU.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) is 3.33%, while Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) has a volatility of 4.45%. This indicates that IS3H.DE experiences smaller price fluctuations and is considered to be less risky than XZEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3H.DE | XZEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.45% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 11.25% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 13.62% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 14.60% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 15.96% | +0.19% |
IS3H.DE vs. XZEU.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than XZEU.DE's 0.20% expense ratio.
Dividends
IS3H.DE vs. XZEU.DE - Dividend Comparison
Neither IS3H.DE nor XZEU.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3H.DE and XZEU.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEU.DE is cheaper with a 0.20% expense ratio, compared with 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while XZEU.DE tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.49% for IS3H.DE and 0.20% for XZEU.DE.
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