IUSE.L vs. EXS1.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) and iShares Core DAX UCITS ETF (DE) (EXS1.DE).

IUSE.L and EXS1.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUSE.L is a passively managed fund by iShares that tracks the performance of the S&P 500 EUR Hedged Index. It was launched on Sep 30, 2010. EXS1.DE is a passively managed fund by iShares that tracks the performance of the DAX®. It was launched on Dec 27, 2000. Both IUSE.L and EXS1.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IUSE.L vs. EXS1.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) and iShares Core DAX UCITS ETF (DE) (EXS1.DE). The values are adjusted to include any dividend payments, if applicable.

IUSE.L vs. EXS1.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc	-4.73%	14.95%	23.20%	23.05%	-21.17%	27.85%	14.81%	26.33%	-8.40%	19.04%
EXS1.DE iShares Core DAX UCITS ETF (DE)	-5.06%	22.63%	18.07%	19.45%	-12.79%	15.16%	2.98%	24.67%	-18.48%	12.30%

Returns By Period

In the year-to-date period, IUSE.L achieves a -4.73% return, which is significantly higher than EXS1.DE's -5.06% return. Over the past 10 years, IUSE.L has outperformed EXS1.DE with an annualized return of 11.23%, while EXS1.DE has yielded a comparatively lower 8.52% annualized return.

IUSE.L

• 1D: 2.44%
• 1M: -3.97%
• YTD: -4.73%
• 6M: -2.12%
• 1Y: 15.45%
• 3Y*: 16.09%
• 5Y*: 9.26%
• 10Y*: 11.23%

EXS1.DE

• 1D: 2.72%
• 1M: -5.34%
• YTD: -5.06%
• 6M: -3.53%
• 1Y: 2.96%
• 3Y*: 13.55%
• 5Y*: 8.44%
• 10Y*: 8.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSE.L vs. EXS1.DE - Expense Ratio Comparison

IUSE.L has a 0.20% expense ratio, which is higher than EXS1.DE's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

IUSE.L

iShares S&P 500 EUR Hedged UCITS ETF Acc

EXS1.DE

iShares Core DAX UCITS ETF (DE)

Return for Risk

IUSE.L vs. EXS1.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUSE.L

IUSE.L Risk / Return Rank: 56
IUSE.L Sharpe Ratio Rank: 51
IUSE.L Sortino Ratio Rank: 51
IUSE.L Omega Ratio Rank: 52
IUSE.L Calmar Ratio Rank: 61
IUSE.L Martin Ratio Rank: 63

EXS1.DE

EXS1.DE Risk / Return Rank: 16
EXS1.DE Sharpe Ratio Rank: 15
EXS1.DE Sortino Ratio Rank: 15
EXS1.DE Omega Ratio Rank: 15
EXS1.DE Calmar Ratio Rank: 18
EXS1.DE Martin Ratio Rank: 18

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.

IUSE.L vs. EXS1.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) and iShares Core DAX UCITS ETF (DE) (EXS1.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.

	IUSE.L	EXS1.DE	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.17	+0.81
Sortino ratio Return per unit of downside risk	1.44	0.35	+1.10
Omega ratio Gain probability vs. loss probability	1.21	1.05	+0.16
Calmar ratio Return relative to maximum drawdown	1.72	0.29	+1.43
Martin ratio Return relative to average drawdown	6.99	0.98	+6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSE.L vs. EXS1.DE - Sharpe Ratio Comparison

The current IUSE.L Sharpe Ratio is 0.97, which is higher than the EXS1.DE Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of IUSE.L and EXS1.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IUSE.L	EXS1.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.17	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.49	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.46	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.21	+0.53

Correlation

The correlation between IUSE.L and EXS1.DE is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IUSE.L vs. EXS1.DE - Dividend Comparison

Neither IUSE.L nor EXS1.DE has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EXS1.DE iShares Core DAX UCITS ETF (DE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.51%	0.48%	0.73%	0.66%

Drawdowns

IUSE.L vs. EXS1.DE - Drawdown Comparison

The maximum IUSE.L drawdown since its inception was -34.75%, smaller than the maximum EXS1.DE drawdown of -68.00%. Use the drawdown chart below to compare losses from any high point for IUSE.L and EXS1.DE.

Drawdown Indicators

	IUSE.L	EXS1.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.75%	-68.00%	+33.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.60%	-12.35%	+0.75%
Max Drawdown (5Y) Largest decline over 5 years	-26.23%	-26.69%	+0.46%
Max Drawdown (10Y) Largest decline over 10 years	-34.75%	-38.68%	+3.93%
Current Drawdown Current decline from peak	-5.90%	-8.40%	+2.50%
Average Drawdown Average peak-to-trough decline	-4.35%	-17.12%	+12.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.65%	-1.52%

Volatility

IUSE.L vs. EXS1.DE - Volatility Comparison

The current volatility for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) is 4.90%, while iShares Core DAX UCITS ETF (DE) (EXS1.DE) has a volatility of 6.92%. This indicates that IUSE.L experiences smaller price fluctuations and is considered to be less risky than EXS1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUSE.L	EXS1.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	6.92%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	11.33%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	17.66%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.98%	16.95%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	18.32%	-2.03%