36B4.DE vs. XDNE.DE
36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) and XDNE.DE (Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)) are both Japan Equities funds - 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels while XDNE.DE tracks the MSCI Japan Select Screened Index (EUR Hedged). Both are passively managed. Over the past 5 years, 36B4.DE returned 4.99%/yr vs 19.09%/yr for XDNE.DE. A 0.79 correlation means they provide meaningful diversification when combined. 36B4.DE charges 0.20%/yr vs 0.25%/yr for XDNE.DE.
Performance
36B4.DE vs. XDNE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B4.DE achieves a 9.48% return, which is significantly lower than XDNE.DE's 20.22% return.
36B4.DE
- 1D
- -1.25%
- 1M
- 5.00%
- 6M
- 5.52%
- YTD
- 9.48%
- 1Y
- 22.17%
- 3Y*
- 9.80%
- 5Y*
- 4.99%
- 10Y*
- —
XDNE.DE
- 1D
- -0.96%
- 1M
- 0.75%
- 6M
- 12.71%
- YTD
- 20.22%
- 1Y
- 48.22%
- 3Y*
- 25.74%
- 5Y*
- 19.09%
- 10Y*
- 13.77%
36B4.DE vs. XDNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 9.48% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 6.38% | 16.82% |
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 20.22% | 25.99% | 21.86% | 32.65% | -6.33% | 11.20% | 6.98% | 8.01% |
Correlation
The correlation between 36B4.DE and XDNE.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.79 |
The correlation between 36B4.DE and XDNE.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
36B4.DE vs. XDNE.DE — Risk / Return Rank
36B4.DE
XDNE.DE
36B4.DE vs. XDNE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) and Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.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.
| 36B4.DE | XDNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.82 | -2.78 |
| Martin ratioReturn relative to average drawdown | 5.90 | 16.26 | -10.36 |
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Drawdowns
36B4.DE vs. XDNE.DE - Drawdown Comparison
The maximum 36B4.DE drawdown since its inception was -26.98%, smaller than the maximum XDNE.DE drawdown of -35.20%. Use the drawdown chart below to compare losses from any high point for 36B4.DE and XDNE.DE.
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Drawdown Indicators
| 36B4.DE | XDNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -35.20% | +8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -9.96% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -21.73% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -21.73% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.20% | — |
Current DrawdownCurrent decline from peak | -1.25% | -3.20% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -8.27% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.96% | +0.79% |
Volatility
36B4.DE vs. XDNE.DE - Volatility Comparison
The current volatility for iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) is 5.12%, while Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) has a volatility of 6.99%. This indicates that 36B4.DE experiences smaller price fluctuations and is considered to be less risky than XDNE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B4.DE | XDNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 6.99% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 16.52% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 20.91% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 18.70% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 18.48% | -1.22% |
36B4.DE vs. XDNE.DE - Expense Ratio Comparison
36B4.DE has a 0.20% expense ratio, which is lower than XDNE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36B4.DE vs. XDNE.DE - Dividend Comparison
36B4.DE's dividend yield for the trailing twelve months is around 1.47%, while XDNE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.47% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% |
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36B4.DE and XDNE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B4.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B4.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDNE.DE.
36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels, while XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for 36B4.DE and 0.25% for XDNE.DE.
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