OM3X.DE vs. ESNB.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - OM3X.DE tracks the OMX Stockholm Benchmark Cap while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, OM3X.DE returned 6.29%/yr vs -0.35%/yr for ESNB.DE. At a correlation of -0.17, they often move in opposite directions. OM3X.DE charges 0.10%/yr vs 1.38%/yr for ESNB.DE.
Performance
OM3X.DE vs. ESNB.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while ESNB.DE is traded in EUR. To make them comparable, the ESNB.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.00% return, which is significantly higher than ESNB.DE's -4.96% return.
OM3X.DE
- 1D
- -0.61%
- 1M
- -0.51%
- 6M
- 6.30%
- YTD
- 9.00%
- 1Y
- 20.25%
- 3Y*
- 13.11%
- 5Y*
- 6.29%
- 10Y*
- —
- ALL TIME*
- 10.57%
ESNB.DE
- 1D
- -0.02%
- 1M
- 0.20%
- 6M
- -2.73%
- YTD
- -4.96%
- 1Y
- -6.70%
- 3Y*
- -3.25%
- 5Y*
- -0.35%
- 10Y*
- —
- ALL TIME*
- -0.79%
OM3X.DE vs. ESNB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.00% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.24% | -4.98% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -4.96% | -5.11% | 3.87% | 2.81% | -0.61% | 7.43% | -7.10% | 7.63% | -8.90% |
Correlation
The correlation between OM3X.DE and ESNB.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | -0.17 |
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Return for Risk
OM3X.DE vs. ESNB.DE — Risk / Return Rank
OM3X.DE
ESNB.DE
OM3X.DE vs. ESNB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.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.
| OM3X.DE | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.90 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.72 | +2.53 |
| Martin ratioReturn relative to average drawdown | 6.80 | -1.22 | +8.01 |
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Drawdowns
OM3X.DE vs. ESNB.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.85%, which is greater than ESNB.DE's maximum drawdown of -22.68%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and ESNB.DE.
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Drawdown Indicators
| OM3X.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.85% | -22.68% | -10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -9.82% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -18.92% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -18.92% | -11.49% |
Current DrawdownCurrent decline from peak | -3.33% | -16.87% | +13.54% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -9.39% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 5.83% | -2.86% |
Volatility
OM3X.DE vs. ESNB.DE - Volatility Comparison
iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a higher volatility of 3.94% compared to Expat Serbia BELEX15 UCITS ETF (ESNB.DE) at 2.94%. This indicates that OM3X.DE's price experiences larger fluctuations and is considered to be riskier than ESNB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OM3X.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.94% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 6.92% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 10.52% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 12.31% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 13.40% | +4.04% |
OM3X.DE vs. ESNB.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
OM3X.DE vs. ESNB.DE - Dividend Comparison
Neither OM3X.DE nor ESNB.DE has paid dividends to shareholders.
Frequently Asked Questions
OM3X.DE and ESNB.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 1.38% for ESNB.DE.
OM3X.DE tracks OMX Stockholm Benchmark Cap, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: iShares and Expat. Their fees differ too: 0.10% for OM3X.DE and 1.38% for ESNB.DE.
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