OM3X.DE vs. XB4A.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - OM3X.DE tracks the OMX Stockholm Benchmark Cap while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 5 years, OM3X.DE returned 6.29%/yr vs 19.58%/yr for XB4A.DE. A 0.59 correlation means they provide meaningful diversification when combined. OM3X.DE charges 0.10%/yr vs 0.25%/yr for XB4A.DE.
Performance
OM3X.DE vs. XB4A.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while XB4A.DE is traded in EUR. To make them comparable, the XB4A.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 lower than XB4A.DE's 26.32% 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%
XB4A.DE
- 1D
- 0.66%
- 1M
- -1.45%
- 6M
- 26.27%
- YTD
- 26.32%
- 1Y
- 43.70%
- 3Y*
- 28.31%
- 5Y*
- 19.58%
- 10Y*
- 16.29%
- ALL TIME*
- 13.01%
OM3X.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.00% | 13.47% | 7.86% | 17.11% | -19.54% | 35.76% | 12.08% | 32.24% | -4.53% | 9.87% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 26.32% | 42.39% | 14.42% | 14.17% | -9.06% | 44.66% | -14.26% | 22.29% | -14.44% | 36.62% |
Correlation
The correlation between OM3X.DE and XB4A.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016 | 0.59 |
The correlation between OM3X.DE and XB4A.DE has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
OM3X.DE vs. XB4A.DE — Risk / Return Rank
OM3X.DE
XB4A.DE
OM3X.DE vs. XB4A.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 Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 4.59 | -2.78 |
| Martin ratioReturn relative to average drawdown | 6.80 | 12.82 | -6.02 |
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Drawdowns
OM3X.DE vs. XB4A.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.85%, smaller than the maximum XB4A.DE drawdown of -48.52%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and XB4A.DE.
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Drawdown Indicators
| OM3X.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.85% | -48.52% | +15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -9.51% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -16.88% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -30.36% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.52% | — |
Current DrawdownCurrent decline from peak | -3.33% | -2.59% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -8.46% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.41% | -0.44% |
Volatility
OM3X.DE vs. XB4A.DE - Volatility Comparison
The current volatility for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) is 3.94%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.65%. This indicates that OM3X.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.65% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 13.99% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 17.19% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 18.26% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 19.12% | -1.68% |
OM3X.DE vs. XB4A.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than XB4A.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
OM3X.DE vs. XB4A.DE - Dividend Comparison
Neither OM3X.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
OM3X.DE and XB4A.DE have a correlation of 0.60, 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 0.25% for XB4A.DE.
OM3X.DE tracks OMX Stockholm Benchmark Cap, while XB4A.DE tracks ATX Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for OM3X.DE and 0.25% for XB4A.DE.
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