XCEU.DE vs. IS3H.DE
XCEU.DE (Xtrackers MSCI EMU Climate Transition UCITS ETF 1C) and IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) are both Europe Equities funds - XCEU.DE tracks the MSCI EMU NR EUR while IS3H.DE tracks the MSCI EMU Mid Cap. Both are passively managed. Over the past 3 years, XCEU.DE returned 14.38%/yr vs 18.25%/yr for IS3H.DE. Their correlation of 0.91 suggests significant overlap in exposure. XCEU.DE charges 0.12%/yr vs 0.49%/yr for IS3H.DE.
Performance
XCEU.DE vs. IS3H.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XCEU.DE having a 8.87% return and IS3H.DE slightly higher at 9.28%.
XCEU.DE
- 1D
- 0.24%
- 1M
- 5.40%
- YTD
- 8.87%
- 6M
- 10.73%
- 1Y
- 16.36%
- 3Y*
- 14.38%
- 5Y*
- —
- 10Y*
- —
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
XCEU.DE vs. IS3H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XCEU.DE Xtrackers MSCI EMU Climate Transition UCITS ETF 1C | 8.87% | 19.79% | 9.57% | 5.60% |
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | -0.17% |
Correlation
The correlation between XCEU.DE and IS3H.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.91 |
The correlation between XCEU.DE and IS3H.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
XCEU.DE vs. IS3H.DE — Risk / Return Rank
XCEU.DE
IS3H.DE
XCEU.DE vs. IS3H.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EMU Climate Transition UCITS ETF 1C (XCEU.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.
| XCEU.DE | IS3H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.15 | -0.64 |
| Martin ratioReturn relative to average drawdown | 5.43 | 7.71 | -2.28 |
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
| XCEU.DE | IS3H.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.40 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.56 | +0.37 |
Drawdowns
XCEU.DE vs. IS3H.DE - Drawdown Comparison
The maximum XCEU.DE drawdown since its inception was -14.98%, smaller than the maximum IS3H.DE drawdown of -37.63%. Use the drawdown chart below to compare losses from any high point for XCEU.DE and IS3H.DE.
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Drawdown Indicators
| XCEU.DE | IS3H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -37.63% | +22.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -8.11% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -14.21% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.63% | — |
Current DrawdownCurrent decline from peak | -0.72% | -1.34% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -6.35% | +3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.27% | +0.74% |
Volatility
XCEU.DE vs. IS3H.DE - Volatility Comparison
Xtrackers MSCI EMU Climate Transition UCITS ETF 1C (XCEU.DE) has a higher volatility of 4.62% compared to iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) at 3.33%. This indicates that XCEU.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
| XCEU.DE | IS3H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.33% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 9.77% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 12.45% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 15.31% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 16.15% | -1.71% |
XCEU.DE vs. IS3H.DE - Expense Ratio Comparison
XCEU.DE has a 0.12% expense ratio, which is lower than IS3H.DE's 0.49% expense ratio.
Dividends
XCEU.DE vs. IS3H.DE - Dividend Comparison
Neither XCEU.DE nor IS3H.DE has paid dividends to shareholders.
Frequently Asked Questions
XCEU.DE and IS3H.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCEU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCEU.DE is cheaper with a 0.12% expense ratio, compared with 0.49% for IS3H.DE.
XCEU.DE tracks MSCI EMU NR EUR, while IS3H.DE tracks MSCI EMU Mid Cap. They also come from different issuers: DWS and iShares. Their fees differ too: 0.12% for XCEU.DE and 0.49% for IS3H.DE.
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