LDAX.DE vs. DBXI.DE
LDAX.DE (Amundi Dax III UCITS ETF Dist) and DBXI.DE (Xtrackers FTSE MIB UCITS ETF) are both Europe Equities funds - LDAX.DE tracks the DAX® while DBXI.DE tracks the FTSE MIB. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 21.27%/yr for DBXI.DE. Their correlation of 0.83 suggests significant overlap in exposure. LDAX.DE charges 0.15%/yr vs 0.30%/yr for DBXI.DE.
Performance
LDAX.DE vs. DBXI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LDAX.DE achieves a 1.18% return, which is significantly lower than DBXI.DE's 18.65% return.
LDAX.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- -1.89%
- YTD
- 1.18%
- 1Y
- 1.71%
- 3Y*
- 15.01%
- 5Y*
- 9.29%
- 10Y*
- —
DBXI.DE
- 1D
- -0.84%
- 1M
- -1.14%
- 6M
- 16.42%
- YTD
- 18.65%
- 1Y
- 34.71%
- 3Y*
- 27.49%
- 5Y*
- 21.27%
- 10Y*
- 15.89%
LDAX.DE vs. DBXI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.18% | 22.70% | 18.08% | 19.61% | -12.89% | 15.29% | 8.40% |
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 18.65% | 37.48% | 18.29% | 33.40% | -9.16% | 26.68% | 12.51% |
Correlation
The correlation between LDAX.DE and DBXI.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.83 |
The correlation between LDAX.DE and DBXI.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
LDAX.DE vs. DBXI.DE — Risk / Return Rank
LDAX.DE
DBXI.DE
LDAX.DE vs. DBXI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Dax III UCITS ETF Dist (LDAX.DE) and Xtrackers FTSE MIB UCITS ETF (DBXI.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.
| LDAX.DE | DBXI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.39 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.60 | -3.46 |
| Martin ratioReturn relative to average drawdown | 0.44 | 13.31 | -12.87 |
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Drawdowns
LDAX.DE vs. DBXI.DE - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum DBXI.DE drawdown of -70.36%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and DBXI.DE.
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Drawdown Indicators
| LDAX.DE | DBXI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -70.36% | +43.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -9.61% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -17.56% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -25.05% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.45% | — |
Current DrawdownCurrent decline from peak | -3.53% | -1.93% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -31.42% | +26.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.60% | +1.33% |
Volatility
LDAX.DE vs. DBXI.DE - Volatility Comparison
Amundi Dax III UCITS ETF Dist (LDAX.DE) has a higher volatility of 4.62% compared to Xtrackers FTSE MIB UCITS ETF (DBXI.DE) at 3.75%. This indicates that LDAX.DE's price experiences larger fluctuations and is considered to be riskier than DBXI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDAX.DE | DBXI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.75% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 12.82% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 15.68% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 18.14% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 19.40% | -2.04% |
LDAX.DE vs. DBXI.DE - Expense Ratio Comparison
LDAX.DE has a 0.15% expense ratio, which is lower than DBXI.DE's 0.30% expense ratio.
Dividends
LDAX.DE vs. DBXI.DE - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, less than DBXI.DE's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 3.50% | 3.93% | 4.53% | 3.78% | 7.45% | 0.94% | 4.23% | 3.33% | 2.66% | 1.94% | 2.51% | 0.15% |
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.93% | 1.95% | 2.31% | 2.73% | 3.32% | 2.73% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDAX.DE and DBXI.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDAX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDAX.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for DBXI.DE.
LDAX.DE tracks DAX®, while DBXI.DE tracks FTSE MIB. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.15% for LDAX.DE and 0.30% for DBXI.DE.
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