TDT.AS vs. EXS1.DE

Last updated Jun 5, 2026

TDT.AS (VanEck AEX UCITS ETF) and EXS1.DE (iShares Core DAX UCITS ETF (DE)) are both Europe Equities funds - TDT.AS tracks the Euronext AEX All Share TR EUR while EXS1.DE tracks the DAX®. Both are passively managed. Over the past 10 years, TDT.AS returned 11.70%/yr vs 8.88%/yr for EXS1.DE. Their correlation of 0.83 suggests significant overlap in exposure. TDT.AS charges 0.30%/yr vs 0.16%/yr for EXS1.DE.

Performance

TDT.AS vs. EXS1.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck AEX UCITS ETF (TDT.AS) and iShares Core DAX UCITS ETF (DE) (EXS1.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDT.AS achieves a 11.73% return, which is significantly higher than EXS1.DE's 1.33% return. Over the past 10 years, TDT.AS has outperformed EXS1.DE with an annualized return of 11.70%, while EXS1.DE has yielded a comparatively lower 8.88% annualized return.

TDT.AS

• 1D: 0.21%
• 1M: 3.97%
• YTD: 11.73%
• 6M: 11.77%
• 1Y: 15.84%
• 3Y*: 13.79%
• 5Y*: 10.32%
• 10Y*: 11.70%

EXS1.DE

• 1D: 0.59%
• 1M: 2.03%
• YTD: 1.33%
• 6M: 4.02%
• 1Y: 2.26%
• 3Y*: 15.45%
• 5Y*: 9.09%
• 10Y*: 8.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDT.AS vs. EXS1.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDT.AS VanEck AEX UCITS ETF	11.73%	10.57%	14.47%	16.93%	-12.00%	30.49%	5.32%	28.01%	-7.60%	16.18%
EXS1.DE iShares Core DAX UCITS ETF (DE)	1.33%	22.63%	18.07%	19.45%	-12.79%	15.16%	2.98%	24.67%	-18.48%	12.30%

Correlation

The correlation between TDT.AS and EXS1.DE is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 15, 2009	0.83

The correlation between TDT.AS and EXS1.DE shifts across timeframes, from 0.67 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TDT.AS vs. EXS1.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TDT.AS

TDT.AS Risk / Return Rank: 36
TDT.AS Sharpe Ratio Rank: 33
TDT.AS Sortino Ratio Rank: 32
TDT.AS Omega Ratio Rank: 32
TDT.AS Calmar Ratio Rank: 46
TDT.AS Martin Ratio Rank: 37

EXS1.DE

EXS1.DE Risk / Return Rank: 11
EXS1.DE Sharpe Ratio Rank: 11
EXS1.DE Sortino Ratio Rank: 11
EXS1.DE Omega Ratio Rank: 11
EXS1.DE Calmar Ratio Rank: 11
EXS1.DE Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDT.AS vs. EXS1.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck AEX UCITS ETF (TDT.AS) and iShares Core DAX UCITS ETF (DE) (EXS1.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.

	TDT.AS	EXS1.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.17	0.14	+1.03
Sortino ratio: Return per unit of downside risk	1.71	0.32	+1.39
Omega ratio: Gain probability vs. loss probability	1.21	1.04	+0.17
Calmar ratio: Return relative to maximum drawdown	2.23	0.18	+2.05
Martin ratio: Return relative to average drawdown	5.59	0.57	+5.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDT.AS vs. EXS1.DE - Sharpe Ratio Comparison

The current TDT.AS Sharpe Ratio is 1.17, which is higher than the EXS1.DE Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of TDT.AS and EXS1.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDT.AS	EXS1.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	0.14	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.52	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.48	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.22	+0.38

Drawdowns

TDT.AS vs. EXS1.DE - Drawdown Comparison

The maximum TDT.AS drawdown since its inception was -35.61%, smaller than the maximum EXS1.DE drawdown of -68.00%. Use the drawdown chart below to compare losses from any high point for TDT.AS and EXS1.DE.

Drawdown Indicators

	TDT.AS	EXS1.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.61%	-68.00%	+32.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-12.35%	+5.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.87%	-15.93%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-22.17%	-26.69%	+4.52%
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	-38.68%	+3.07%
Current Drawdown Current decline from peak	-0.52%	-2.23%	+1.71%
Average Drawdown Average peak-to-trough decline	-5.63%	-17.04%	+11.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.99%	-1.18%

Volatility

TDT.AS vs. EXS1.DE - Volatility Comparison

The current volatility for VanEck AEX UCITS ETF (TDT.AS) is 3.79%, while iShares Core DAX UCITS ETF (DE) (EXS1.DE) has a volatility of 5.16%. This indicates that TDT.AS experiences smaller price fluctuations and is considered to be less risky than EXS1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDT.AS	EXS1.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	5.16%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	12.95%	-2.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	16.04%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	17.18%	-1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	18.36%	-2.14%

TDT.AS vs. EXS1.DE - Expense Ratio Comparison

TDT.AS has a 0.30% expense ratio, which is higher than EXS1.DE's 0.16% expense ratio.

Dividends

TDT.AS vs. EXS1.DE - Dividend Comparison

TDT.AS's dividend yield for the trailing twelve months is around 2.02%, while EXS1.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXS1.DE iShares Core DAX UCITS ETF (DE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.51%	0.48%	0.73%	0.66%
TDT.AS VanEck AEX UCITS ETF	2.02%	2.28%	2.40%	2.24%	2.32%	1.69%	1.75%	3.24%	3.37%	3.04%	3.28%	2.54%

Frequently Asked Questions

Can I hold both TDT.AS and EXS1.DE in my portfolio?

TDT.AS and EXS1.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDT.AS or EXS1.DE?

On fees, EXS1.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDT.AS or EXS1.DE?

EXS1.DE is cheaper with a 0.16% expense ratio, compared with 0.30% for TDT.AS.

What is the main difference between TDT.AS and EXS1.DE?

TDT.AS tracks Euronext AEX All Share TR EUR, while EXS1.DE tracks DAX®. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.30% for TDT.AS and 0.16% for EXS1.DE.