IUSZ.DE vs. ^GDAXI
IUSZ.DE (iShares Core FTSE 100 UCITS ETF (Dist)) is Europe Equities fund tracking the FTSE 100, while ^GDAXI (DAX Performance Index) is an index. Over the past 5 years, IUSZ.DE returned 9.88%/yr vs 9.71%/yr for ^GDAXI. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
IUSZ.DE vs. ^GDAXI - Performance Comparison
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Returns By Period
In the year-to-date period, IUSZ.DE achieves a 6.50% return, which is significantly higher than ^GDAXI's 1.86% return.
IUSZ.DE
- 1D
- 0.15%
- 1M
- -0.44%
- YTD
- 6.50%
- 6M
- 8.78%
- 1Y
- 14.23%
- 3Y*
- 11.63%
- 5Y*
- 9.88%
- 10Y*
- —
^GDAXI
- 1D
- 0.60%
- 1M
- 0.11%
- YTD
- 1.86%
- 6M
- 3.82%
- 1Y
- 2.55%
- 3Y*
- 16.04%
- 5Y*
- 9.71%
- 10Y*
- 9.44%
IUSZ.DE vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSZ.DE iShares Core FTSE 100 UCITS ETF (Dist) | 6.50% | 16.47% | 9.79% | 9.07% | -1.35% | 24.82% | -15.69% | 25.38% | -10.49% | 8.10% |
^GDAXI DAX Performance Index | 1.86% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
Correlation
The correlation between IUSZ.DE and ^GDAXI is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.74 |
The correlation between IUSZ.DE and ^GDAXI has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
IUSZ.DE vs. ^GDAXI — Risk / Return Rank
IUSZ.DE
^GDAXI
IUSZ.DE vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core FTSE 100 UCITS ETF (Dist) (IUSZ.DE) and DAX Performance Index (^GDAXI). 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.
| IUSZ.DE | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.04 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.22 | +1.52 |
| Martin ratioReturn relative to average drawdown | 5.71 | 0.70 | +5.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSZ.DE | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.17 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.56 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.42 | +0.03 |
Drawdowns
IUSZ.DE vs. ^GDAXI - Drawdown Comparison
The maximum IUSZ.DE drawdown since its inception was -40.31%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for IUSZ.DE and ^GDAXI.
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Drawdown Indicators
| IUSZ.DE | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -72.68% | +32.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -12.27% | +4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.24% | -16.01% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -26.40% | +9.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.78% | — |
Current DrawdownCurrent decline from peak | -2.94% | -1.87% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -14.71% | +9.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.92% | -1.41% |
Volatility
IUSZ.DE vs. ^GDAXI - Volatility Comparison
The current volatility for iShares Core FTSE 100 UCITS ETF (Dist) (IUSZ.DE) is 4.16%, while DAX Performance Index (^GDAXI) has a volatility of 5.14%. This indicates that IUSZ.DE experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSZ.DE | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 5.14% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 12.92% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 15.99% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 17.03% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 18.35% | -2.03% |
Frequently Asked Questions
IUSZ.DE and ^GDAXI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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