SXRJ.DE vs. IS3H.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) are both Europe Equities funds from iShares - SXRJ.DE tracks the MSCI EMU Small Cap while IS3H.DE tracks the MSCI EMU Mid Cap. Both are passively managed. Over the past 10 years, SXRJ.DE returned 9.05%/yr vs 9.47%/yr for IS3H.DE. Their correlation of 0.91 suggests significant overlap in exposure. SXRJ.DE charges 0.58%/yr vs 0.49%/yr for IS3H.DE.
Performance
SXRJ.DE vs. IS3H.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRJ.DE achieves a 10.87% return, which is significantly higher than IS3H.DE's 9.28% return. Both investments have delivered pretty close results over the past 10 years, with SXRJ.DE having a 9.05% annualized return and IS3H.DE not far ahead at 9.47%.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 0.91%
- YTD
- 10.87%
- 6M
- 13.36%
- 1Y
- 16.78%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
IS3H.DE
- 1D
- 0.47%
- 1M
- -0.13%
- YTD
- 9.28%
- 6M
- 11.27%
- 1Y
- 16.64%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
SXRJ.DE vs. IS3H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 23.99% |
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -15.98% | 19.16% |
Correlation
The correlation between SXRJ.DE and IS3H.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2013 | 0.91 |
The correlation between SXRJ.DE and IS3H.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
SXRJ.DE vs. IS3H.DE — Risk / Return Rank
SXRJ.DE
IS3H.DE
SXRJ.DE vs. IS3H.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) and iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| SXRJ.DE | IS3H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.15 | -0.56 |
| Martin ratioReturn relative to average drawdown | 5.95 | 7.71 | -1.76 |
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
| SXRJ.DE | IS3H.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.40 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.60 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.58 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.56 | +0.03 |
Drawdowns
SXRJ.DE vs. IS3H.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, roughly equal to the maximum IS3H.DE drawdown of -37.63%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and IS3H.DE.
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Drawdown Indicators
| SXRJ.DE | IS3H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -37.63% | -1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -8.11% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -14.21% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -26.54% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -37.63% | -1.75% |
Current DrawdownCurrent decline from peak | -1.35% | -1.34% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -6.35% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.27% | +0.60% |
Volatility
SXRJ.DE vs. IS3H.DE - Volatility Comparison
iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) has a higher volatility of 4.04% compared to iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) at 3.33%. This indicates that SXRJ.DE's price experiences larger fluctuations and is considered to be riskier than IS3H.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRJ.DE | IS3H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.33% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 9.77% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 12.45% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 15.31% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 16.15% | +0.13% |
SXRJ.DE vs. IS3H.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than IS3H.DE's 0.49% expense ratio.
Dividends
SXRJ.DE vs. IS3H.DE - Dividend Comparison
Neither SXRJ.DE nor IS3H.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRJ.DE and IS3H.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3H.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3H.DE is cheaper with a 0.49% expense ratio, compared with 0.58% for SXRJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while IS3H.DE tracks MSCI EMU Mid Cap. Their fees differ too: 0.58% for SXRJ.DE and 0.49% for IS3H.DE.
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