04Q.DE vs. XAIX.DE
04Q.DE (Nordea Bank Abp) is a stock, while XAIX.DE (Xtrackers Artificial Intelligence & Big Data UCITS ETF) is Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data. Over the past 3 years, 04Q.DE returned 28.76%/yr vs 36.02%/yr for XAIX.DE. At a 0.22 correlation, their price movements are largely independent.
Performance
04Q.DE vs. XAIX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 04Q.DE achieves a 7.59% return, which is significantly lower than XAIX.DE's 37.21% return.
04Q.DE
- 1D
- 0.34%
- 1M
- 1.95%
- YTD
- 7.59%
- 6M
- 12.05%
- 1Y
- 35.87%
- 3Y*
- 28.76%
- 5Y*
- —
- 10Y*
- —
XAIX.DE
- 1D
- -2.02%
- 1M
- 16.54%
- YTD
- 37.21%
- 6M
- 37.25%
- 1Y
- 60.71%
- 3Y*
- 36.02%
- 5Y*
- 22.22%
- 10Y*
- —
04Q.DE vs. XAIX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 7.59% | 64.85% | 1.64% | 20.34% | 0.43% | 0.54% |
XAIX.DE Xtrackers Artificial Intelligence & Big Data UCITS ETF | 37.21% | 15.25% | 34.63% | 63.77% | -31.80% | -1.06% |
Correlation
The correlation between 04Q.DE and XAIX.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2021 | 0.22 |
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Return for Risk
04Q.DE vs. XAIX.DE — Risk / Return Rank
04Q.DE
XAIX.DE
04Q.DE vs. XAIX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp (04Q.DE) and Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX.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.
| 04Q.DE | XAIX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.51 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 5.11 | -2.19 |
| Martin ratioReturn relative to average drawdown | 9.74 | 14.72 | -4.98 |
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
| 04Q.DE | XAIX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 3.03 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.08 | -0.27 |
Drawdowns
04Q.DE vs. XAIX.DE - Drawdown Comparison
The maximum 04Q.DE drawdown since its inception was -28.60%, smaller than the maximum XAIX.DE drawdown of -33.08%. Use the drawdown chart below to compare losses from any high point for 04Q.DE and XAIX.DE.
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Drawdown Indicators
| 04Q.DE | XAIX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.60% | -33.08% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -12.10% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -27.61% | +10.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.08% | — |
Current DrawdownCurrent decline from peak | -3.63% | -3.11% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -7.39% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 4.21% | -0.58% |
Volatility
04Q.DE vs. XAIX.DE - Volatility Comparison
The current volatility for Nordea Bank Abp (04Q.DE) is 5.47%, while Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX.DE) has a volatility of 8.63%. This indicates that 04Q.DE experiences smaller price fluctuations and is considered to be less risky than XAIX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 04Q.DE | XAIX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 8.63% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 16.15% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.18% | 20.43% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.40% | 20.73% | +6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 21.30% | +6.10% |
Dividends
04Q.DE vs. XAIX.DE - Dividend Comparison
04Q.DE's dividend yield for the trailing twelve months is around 5.93%, while XAIX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 5.93% | 5.85% | 8.75% | 7.10% | 6.81% |
XAIX.DE Xtrackers Artificial Intelligence & Big Data UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
04Q.DE and XAIX.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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