04Q.DE vs. XDWU.DE
04Q.DE (Nordea Bank Abp) is a stock, while XDWU.DE (Xtrackers MSCI World Utilities UCITS ETF 1C) is Utilities Equities fund tracking the MSCI World/Utilities NR USD. Over the past 10 years, 04Q.DE returned 11.48%/yr vs 8.44%/yr for XDWU.DE. At a 0.08 correlation, their price movements are largely independent.
Performance
04Q.DE vs. XDWU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 04Q.DE achieves a 8.15% return, which is significantly lower than XDWU.DE's 12.90% return. Over the past 10 years, 04Q.DE has outperformed XDWU.DE with an annualized return of 11.48%, while XDWU.DE has yielded a comparatively lower 8.44% annualized return.
04Q.DE
- 1D
- 0.00%
- 1M
- -0.97%
- YTD
- 8.15%
- 6M
- 9.31%
- 1Y
- 36.63%
- 3Y*
- 26.99%
- 5Y*
- 22.35%
- 10Y*
- 11.48%
XDWU.DE
- 1D
- -0.23%
- 1M
- 5.18%
- YTD
- 12.90%
- 6M
- 12.41%
- 1Y
- 21.54%
- 3Y*
- 14.65%
- 5Y*
- 11.36%
- 10Y*
- 8.44%
04Q.DE vs. XDWU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 8.15% | 64.85% | 1.64% | 20.34% | 0.43% | 25.18% | 0.00% | 0.00% | 0.00% | 8.13% |
XDWU.DE Xtrackers MSCI World Utilities UCITS ETF 1C | 12.90% | 11.38% | 19.84% | -3.21% | 2.24% | 19.80% | -4.88% | 25.27% | 6.79% | -0.21% |
Correlation
The correlation between 04Q.DE and XDWU.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010 | 0.08 |
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Return for Risk
04Q.DE vs. XDWU.DE — Risk / Return Rank
04Q.DE
XDWU.DE
04Q.DE vs. XDWU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp (04Q.DE) and Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.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.
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.
| 04Q.DE | XDWU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.94 | +0.07 |
| Martin ratioReturn relative to average drawdown | 9.91 | 7.39 | +2.51 |
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Drawdowns
04Q.DE vs. XDWU.DE - Drawdown Comparison
The maximum 04Q.DE drawdown since its inception was -55.17%, which is greater than XDWU.DE's maximum drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for 04Q.DE and XDWU.DE.
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Drawdown Indicators
| 04Q.DE | XDWU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -42.00% | -13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -7.30% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -12.69% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -23.26% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -26.30% | -33.61% | +7.31% |
Current DrawdownCurrent decline from peak | -3.12% | -1.10% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -12.07% | -12.47% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.91% | +0.78% |
Volatility
04Q.DE vs. XDWU.DE - Volatility Comparison
Nordea Bank Abp (04Q.DE) has a higher volatility of 5.18% compared to Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.DE) at 4.01%. This indicates that 04Q.DE's price experiences larger fluctuations and is considered to be riskier than XDWU.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 | XDWU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 4.01% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 10.74% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 12.96% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.38% | 14.25% | +13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 17.99% | +1.58% |
Dividends
04Q.DE vs. XDWU.DE - Dividend Comparison
04Q.DE's dividend yield for the trailing twelve months is around 5.90%, while XDWU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 5.90% | 5.85% | 8.75% | 7.10% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% | 7.51% | 7.40% | 7.17% |
XDWU.DE Xtrackers MSCI World Utilities UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
04Q.DE and XDWU.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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