LDAX.DE vs. EXS2.DE
LDAX.DE (Amundi Dax III UCITS ETF Dist) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - LDAX.DE tracks the DAX® while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 0.19%/yr for EXS2.DE. A 0.77 correlation means they provide meaningful diversification when combined. LDAX.DE charges 0.15%/yr vs 0.51%/yr for EXS2.DE.
Performance
LDAX.DE vs. EXS2.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 EXS2.DE's 3.65% 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*
- —
EXS2.DE
- 1D
- -0.27%
- 1M
- -4.57%
- 6M
- 0.12%
- YTD
- 3.65%
- 1Y
- -5.39%
- 3Y*
- 4.93%
- 5Y*
- 0.19%
- 10Y*
- 8.08%
LDAX.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 3.65% | 5.33% | 1.65% | 13.57% | -26.01% | 21.05% | 6.06% |
Correlation
The correlation between LDAX.DE and EXS2.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.77 |
The correlation between LDAX.DE and EXS2.DE has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
LDAX.DE vs. EXS2.DE — Risk / Return Rank
LDAX.DE
EXS2.DE
LDAX.DE vs. EXS2.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 iShares TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.97 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.35 | +0.49 |
| Martin ratioReturn relative to average drawdown | 0.44 | -0.68 | +1.12 |
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Drawdowns
LDAX.DE vs. EXS2.DE - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum EXS2.DE drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and EXS2.DE.
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Drawdown Indicators
| LDAX.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -61.61% | +34.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -15.38% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -17.91% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -34.97% | +8.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.97% | — |
Current DrawdownCurrent decline from peak | -3.53% | -11.13% | +7.60% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -14.21% | +9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 7.63% | -3.70% |
Volatility
LDAX.DE vs. EXS2.DE - Volatility Comparison
Amundi Dax III UCITS ETF Dist (LDAX.DE) and iShares TecDAX UCITS ETF (DE) (EXS2.DE) have volatilities of 4.62% and 4.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDAX.DE | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.72% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 14.93% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 18.33% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 18.92% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 19.33% | -1.97% |
LDAX.DE vs. EXS2.DE - Expense Ratio Comparison
LDAX.DE has a 0.15% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
LDAX.DE vs. EXS2.DE - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, while EXS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
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 EXS2.DE have a correlation of 0.78, 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 0.51% for EXS2.DE.
LDAX.DE tracks DAX®, while EXS2.DE tracks TecDAX®. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for LDAX.DE and 0.51% for EXS2.DE.
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