- ISIN
- LU0659579147
- Issuer
- Xtrackers
- Inception Date
- Sep 19, 2011
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Pakistan Investable Market Index
- Domicile
- Luxembourg
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
XBAK.DE Performance Chart
Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) is up 5.2% since the beginning of the year. XBAK.DE is currently trading at €2 per share. Investors who bought €1,000 worth of XBAK.DE shares 5 years ago would now be looking at an investment worth €1,666.
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Returns By Period
Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) has returned 5.19% so far this year and 35.00% over the past 12 months. Over the last ten years, XBAK.DE has returned -1.05% per year, falling short of the S&P 500 Index benchmark, which averaged 13.23% annually.
Xtrackers MSCI Pakistan Swap UCITS ETF (Acc)
- 1D
- 0.62%
- 1M
- 10.20%
- 6M
- 2.53%
- YTD
- 5.19%
- 1Y
- 35.00%
- 3Y*
- 41.08%
- 5Y*
- 10.75%
- 10Y*
- -1.05%
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
XBAK.DE Monthly Returns History
Based on dividend-adjusted daily data since Sep 19, 2011, XBAK.DE's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2020 with a return of +19.1%, while the worst month was Mar 2020 at -29.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, XBAK.DE closed higher 43% of trading days. The best single day was May 12, 2025 with a return of +10.4%, while the worst single day was Aug 22, 2012 at -18.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.25% | -8.18% | -10.27% | 9.16% | 6.29% | 5.26% | 1.25% | 5.19% | |||||
| 2025 | -1.56% | -2.38% | 0.81% | -12.90% | 7.41% | 0.86% | 11.11% | 3.85% | 11.11% | -1.33% | 2.70% | 1.32% | 20.31% |
| 2024 | 2.35% | 5.85% | 3.13% | 5.58% | 0.54% | 6.73% | -3.66% | -1.53% | 1.44% | 9.19% | 16.75% | 13.27% | 75.92% |
| 2023 | -13.38% | 3.17% | -8.92% | 2.24% | 1.56% | -0.38% | 9.47% | -10.22% | 12.03% | 13.19% | 8.08% | 1.72% | 15.36% |
| 2022 | 3.24% | -2.01% | -2.56% | 4.78% | -12.51% | -2.92% | -14.17% | 13.97% | -4.83% | 4.16% | -1.81% | -9.75% | -24.63% |
| 2021 | 4.84% | 2.16% | 2.68% | -5.53% | 4.67% | -2.50% | -3.08% | -3.06% | -6.51% | 5.21% | -3.24% | -2.92% | -7.97% |
Benchmark Metrics
Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) has an annualized alpha of 0.84%, beta of 0.34, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since September 19, 2011.
- This ETF participated in 63.36% of S&P 500 Index downside but only 35.77% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.34 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.84%
- Beta
- 0.34
- R²
- 0.06
- Upside Capture
- 35.77%
- Downside Capture
- 63.36%
Expense Ratio
XBAK.DE has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XBAK.DE ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) and compare them to S&P 500 Index.
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.
| XBAK.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.18 | -1.71 |
| Martin ratioReturn relative to average drawdown | 3.81 | 11.76 | -7.96 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Xtrackers MSCI Pakistan Swap UCITS ETF (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) was 79.30%, occurring on May 11, 2023. The portfolio has not yet recovered.
The current Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) drawdown is 32.50%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -79.30%May 2023 | 5y 12mo | — | 9y 1moMay 2017 - now |
2012 bear market2012 | -24.96%Oct 2012 | 5mo 11d | 7mo 5d | 1y 11dMay 2012 - May 2013 |
2016 bear market2016 | -23.35%Feb 2016 | 6mo 27d | 9mo 8d | 1y 4moJul 2015 - Nov 2016 |
2013 correction2013 | -19.70%Oct 2013 | 3mo 12d | 4mo 21d | 8mo 3dJul 2013 - Mar 2014 |
2015 correction2015 | -17.19%Mar 2015 | 1mo 25d | 3mo 8d | 5mo 3dFeb 2015 - Jul 2015 |
Drawdown Indicators
| XBAK.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.30% | -51.62% | -27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.67% | -7.57% | -16.10% |
Max Drawdown (3Y)Largest decline over 3 years | -23.67% | -23.99% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | -23.99% | -25.07% |
Max Drawdown (10Y)Largest decline over 10 years | -79.30% | -33.42% | -45.88% |
Current DrawdownCurrent decline from peak | -32.50% | -0.43% | -32.07% |
Average DrawdownAverage peak-to-trough decline | -37.83% | -9.08% | -28.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 2.04% | +7.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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